Delaware Investments® Global Dividend and Income Fund, Inc. Announces Expiration of Tender Offer
05 Luglio 2011 - 3:32PM
Business Wire
Delaware Investments Global Dividend and Income Fund, Inc.
(NYSE: DGF) (the “Fund”), a closed-end management investment
company, today announced the preliminary results of its tender
offer for up to 246,552 shares of its common stock, representing up
to five percent of its issued and outstanding shares of common
stock. The offer expired at 11:59 p.m., New York City time, on
Friday, July 1, 2011. Based on current information, approximately
141,142.00 shares of common stock, or approximately 2.8623% percent
of the Fund’s common stock outstanding, were tendered through the
expiration date. This total includes shares tendered pursuant to
notices of guaranteed delivery. The final number of shares validly
tendered and accepted pursuant to the tender offer will be
announced at a later date. The Fund expects to make cash payments
for tendered and accepted shares at a price equal to the Fund’s net
asset value (“NAV”) as of the close of regular trading on the New
York Stock Exchange on July 5, 2011. Payment for shares tendered
and accepted is expected to be sent to tendering shareholders
within approximately ten business days after the expiration
date.
The Fund is a diversified, closed-end fund. The primary
investment objective is to seek high current income; capital
appreciation is a secondary objective. The Fund seeks to achieve
its objectives by investing, under normal circumstances, at least
50% of its total assets in income-generating equity securities,
including dividend-paying common stocks, convertible securities,
preferred stocks, and other equity-related securities of U.S. and
foreign issuers. Up to 50% of the Fund’s total assets may be
invested in nonconvertible debt securities consisting primarily of
government and high-yield, high-risk corporate bonds of U.S. and
foreign issuers.
Under normal market conditions, the Fund will invest: (1) at
least 50% of its total assets in securities of U.S. issuers; and
(2) at least 40% of its assets (including leveraged assets) in
securities of non-U.S. issuers, unless market conditions are not
deemed favorable by the manager, in which case the Fund would
invest at least 30% of its assets (including leveraged assets) in
securities of non-U.S. issuers. The Fund may not, however, invest
more than 50% of its total assets in the securities of any
developed or emerging markets foreign country.
The Fund utilizes leveraging techniques in an attempt to obtain
higher return for the Fund. There is no assurance that the Fund
will achieve its investment objectives.
The Fund has implemented a managed distribution policy. Under
the policy, the Fund is managed with a goal of generating as much
of the distribution as possible from net investment income and
short-term capital gains. The balance of the distribution will then
come from long-term capital gains to the extent permitted, and if
necessary, a return of capital. Even though the Fund may realize
current year capital gains, such gains may be offset, in whole or
in part, by the Fund’s capital loss carryovers from prior years.
For federal income tax purposes, the effect of such capital loss
carryovers may be to convert (to the extent of such current year
gains) what would otherwise be returns of capital into
distributions taxable as ordinary income. This tax effect can occur
during times of extended market volatility. The actual
determination of the source of the Fund’s distributions can be made
only at year-end. Shareholders should receive written notification
regarding the actual components and tax treatments of all Fund
distributions for the calendar year 2011 in early 2012.
The offer to purchase and other documents filed by the Fund
with the Securities and Exchange Commission, including the Fund’s
annual report for the fiscal year ended November 30, 2010, will be
available without cost at the Commission’s web site
(www.sec.gov) or by calling the Fund at 800
523-1918.
About Delaware Investments
Delaware Investments, a member of Macquarie Group, is a
U.S.-based diversified asset management firm with more than $150
billion in assets under management (as of March 31, 2011). Through
a team of talented investment professionals, the firm manages
assets across all major asset classes for a wide range of
institutional and individual investors. Delaware Investments is
supported by the resources of Macquarie Group (ASX: MQG; ADR:
MQBKY), a global provider of asset management, investment, banking,
financial and advisory services with approximately US $321 billion
in assets under management as of March 31, 2011.
Delaware Investments is the marketing name for Delaware
Management Holdings, Inc. and its subsidiaries. Advisory services
provided by Delaware Management Business Trust, a registered
investment advisor. Macquarie Group refers to Macquarie Group
Limited and its subsidiaries and affiliates worldwide. For more
information about Delaware Investments, visit
www.delawareinvestments.com or call 800 523-1918.
Investments in the Fund are not and will not be deposits with or
liabilities of Macquarie Bank Limited ABN 46 008 583 542 and its
holding companies, including their subsidiaries or related
companies (the "Macquarie Group"), and are subject to investment
risk, including possible delays in repayment and loss of income and
capital invested. No Macquarie Group company guarantees or will
guarantee the performance of the Fund, the repayment of capital
from the Fund, or any particular rate of return.
© 2011 Delaware Management Holdings, Inc.
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