Delaware Enhanced Global Dividend and Income Fund Announces Completion of Plan of Reorganization
24 Ottobre 2011 - 3:03PM
Business Wire
Delaware Enhanced Global Dividend and Income Fund (NYSE: DEX)
(“DEX”) today announced that its acquisition of substantially all
of the assets and certain of the liabilities of Delaware
Investments Global Dividend and Income Fund, Inc. (NYSE: DGF)
(“DGF”) was completed after the close of business on Friday,
October 21, 2011. The acquisition of substantially all of the
assets and certain of the liabilities of DGF in exchange for newly
issued common shares of DEX (the “Transaction”) was approved by
shareholders of each Fund at a Joint Special Meeting of
Shareholders held on September 21, 2011, and was structured as a
tax-free transaction. Relevant details as of the closing of the
Transaction are as follows:
Fund NAV/share ($) Conversion ratio
Delaware Enhanced Global Dividend and Income Fund
$11.51
N/A
Delaware Investments Global Dividend and Income Fund, Inc.
$6.55
0.5691
DEX will continue to trade and be listed on the NYSE under the
ticker symbol DEX. From this point forward, however, DGF will no
longer trade or be listed on the NYSE, and DGF will be dissolved.
In early 2012, former shareholders of DGF will receive Forms 1099
for the calendar year 2011 that will tell them how to report any
Fund distributions for federal income tax purposes. Questions
regarding the exchange of common shares in connection with the
Transaction should be directed to DEX’s transfer agent, BNY Mellon
Shareowner Services, by calling them at 800 851-9677, or you may
write to them at 480 Washington Blvd., Jersey City, NJ 07310.
DEX is a closed-end fund managed by Delaware Management Company,
a series of Delaware Management Business Trust. The primary
investment objective of DEX is to seek current income, with a
secondary objective of capital appreciation. DEX has the ability to
utilize leveraging techniques in an attempt to obtain a higher
return for the Fund. At present, DEX utilizes a line of credit
issued by The Bank of New York Mellon, which DEX is expected to
continue utilizing following the Transaction. Upon the completion
of the Transaction described above, the total assets of DEX were
approximately $181.89 million.
About Delaware Investments
Delaware Investments, a member of Macquarie Group, is a
U.S.-based diversified asset management firm with more than $160
billion in assets under management (as of Sept. 30, 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 Funds 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, 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 Funds, the repayment of capital from the Funds,
or any particular rate of return.
© 2011 Delaware Management Holdings, Inc.
849337-1
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