Delaware Enhanced Global Dividend and Income Fund announces estimated final distribution amounts
02 2월 2023 - 7:20AM
Business Wire
Today, Delaware Enhanced Global Dividend and Income Fund (the
“Acquired Fund”), a New York Stock Exchange-listed closed-end fund
trading under the symbol “DEX”, announced that the Acquired Fund
will make final distributions in connection with the reorganization
of the Acquired Fund into arbdn Global Dynamic Dividend Fund (the
“Acquiring Fund”), a New York Stock Exchange-listed closed-end fund
trading under the symbol “AGD” (the “Reorganization”). The final
distribution will be payable March 3, 2023 to common shareholders
of record on February 24, 2023. The final Acquired Fund
distributions will consist of substantially all of the Acquired
Fund’s undistributed tax-exempt interest income, ordinary income
and capital gain net income, if any, earned and anticipated to be
earned through the close of business on March 10, 2023. In early
2024, common shareholders of the Acquired Fund will receive a Form
1099-DIV for the calendar year 2023 that will tell shareholders how
to report these distributions for federal income tax purposes.
The final distribution is as follows:
FUND
ESTIMATED DIVIDEND PER SHARE
Delaware Enhanced Global Dividend and
Income Fund
$0.0509
The final distribution is being made in connection with an
Agreement and Plan of Acquisition (the “Plan of Acquisition”)
providing for (i) the acquisition by the Acquiring Fund of
substantially all of the assets of the Acquired Fund, in exchange
for newly issued common shares of the Acquiring Fund; (ii) the
distribution of such newly issued common shares of the Acquiring
Fund to holders of common shares of the Acquired Fund; and (iii)
the dissolution of the Acquired Fund thereafter. The Plan of
Acquisition was approved by shareholders at the Special Meeting of
Shareholders held on December 12, 2022, and the transaction is
currently anticipated to close on or about March 10, 2023 at
approximately 5:00 pm ET. Following completion of the acquisition,
the Acquired Fund will be delisted.
About the Acquired Fund
Delaware Enhanced Global Dividend and Income Fund, a diversified
closed-end fund, is listed on the New York Stock Exchange. The
Fund’s investment adviser is Delaware Management Company
(“Investment Adviser”), a series of Macquarie Investment Management
Business Trust, which is a subsidiary of Macquarie Management
Holdings, Inc. (“MMHI”). MMHI is a subsidiary, and subject to the
ultimate control, of Macquarie Group Limited. Macquarie Asset
Management is a global asset manager that aims to deliver positive
impact for everyone. Trusted by institutions, pension funds,
governments, and individuals to manage more than $US508 billion in
assets globally,1 we provide access to specialist investment
expertise across a range of capabilities including infrastructure,
green investments & renewables, real estate, agriculture &
natural assets, asset finance, private credit, equities, fixed
income and multi asset solutions.
The Fund's primary investment objective is to seek current
income, with a secondary objective of capital appreciation. Under
normal market conditions, the Fund invests globally at least 80% of
its assets in a combination of dividend-paying or income-generating
securities across multiple asset classes, including but not limited
to: equity securities of large, well-established companies;
securities issued by real estate companies (including real estate
investment trusts and real estate industry operating companies);
debt securities (such as government bonds; investment grade and
high risk, high yield corporate bonds; and convertible bonds); and
emerging market securities. The Fund also uses enhanced income
strategies by engaging in dividend capture trading; option
overwriting; and realization of gains on the sale of securities,
dividend growth, and currency forwards. There is no assurance that
the Fund will achieve its investment objectives.
Under normal market conditions, the Fund will invest: (1) at
most 60% of its net assets in securities of US issuers; (2) at
least 40% of its net assets in securities of non-US issuers, unless
market conditions are not deemed favorable by the Manager, in which
case, the Fund would invest at least 30% of its net assets in
securities of non-US issuers; and (3) up to 25% of its net assets
in securities issued by real estate companies (including real
estate investment trusts and real estate industry operating
companies). In addition, the Fund utilizes leveraging techniques in
an attempt to obtain higher return for the Fund.
1 As of September 30, 2022
Other than Macquarie Bank Limited ABN 46 008 583 542
(“Macquarie Bank”), any Macquarie Group entity noted in this press
release is not an authorised deposit-taking institution for the
purposes of the Banking Act 1959 (Commonwealth of Australia). The
obligations of these other Macquarie Group entities do not
represent deposits or other liabilities of Macquarie Bank.
Macquarie Bank does not guarantee or otherwise provide assurance in
respect of the obligations of these other Macquarie Group entities.
In addition, if this press release relates to an investment, (a)
the investor is subject to investment risk including possible
delays in repayment and loss of income and principal invested and
(b) none of Macquarie Bank or any other Macquarie Group entity
guarantees any particular rate of return on or the performance of
the investment, nor do they guarantee repayment of capital in
respect of the investment.
© 2023 Macquarie Management Holdings, Inc.
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version on businesswire.com: https://www.businesswire.com/news/home/20230201006098/en/
Investors Computershare 866 437-0252
delawarefunds.com/closed-end
Media contact Lee Lubarsky 347 302-3000
Lee.Lubarsky@macquarie.com
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