Lincoln National Convertible Securities Fund Quarterly Dividend
08 Juli 2004 - 9:36PM
PR Newswire (US)
Lincoln National Convertible Securities Fund Quarterly Dividend
PHILADELPHIA, July 8 /PRNewswire-FirstCall/ -- The Board of
Directors of Lincoln National Convertible Securities Fund, Inc.
(NYSE:LNV) recently declared a quarterly dividend of 17 cents per
share. The dividend is payable on July 30, 2004 to shareholders of
record on July 16, 2004. The dividend consists of 15.1 cents per
share of ordinary income and 1.9 cents per share as a return of
capital. The Fund's SEC yield for the 30 days ended June 30, 2004
was 3.47% based on the market value of the Fund's common stock on
June 30, 2004. Lincoln National Convertible Securities Fund is a
closed-end, diversified investment management company managed by
Delaware Management Company. Delaware Management Company is a
series of Delaware Management Business Trust, a wholly owned
subsidiary of Lincoln National Corporation. In April 2002, the Fund
implemented a managed distribution policy. Under the policy, the
Fund is managed with a goal of generating as much of the dividend
as possible from ordinary income (net investment income and short-
term capital gains). The balance of the dividend then comes from
long-term capital gains and, if necessary, a return of capital. The
Fund's primary objective is to provide a high level of total return
through a combination of capital appreciation and current income.
As of June 30, 2004, net assets under management were approximately
$85.6 million. DATASOURCE: Delaware Investments CONTACT: Thomas C.
Gariepy, Delaware Investments, +1-215-255-1495 Web site:
http://www.delawareinvestments.com/
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