LNV Lincoln Natl Conv Secs FD

Lincoln National Convertible Securities Fund Final Distribution PHILADELPHIA, June 10 /PRNewswire-FirstCall/ -- Lincoln National Convertible Securities Fund, Inc. (NYSE:LNV) today announced that it will make a final distribution of substantially all of the Fund's undistributed ordinary income and undistributed capital gain net income, if any, earned and anticipated to be earned through close of business on June 24, 2005, payable on June 30, 2005 to shareholders of record on June 20, 2005, subject to shareholder approval of an Agreement and Plan of Acquisition (the "Plan of Acquisition") to reorganize the Fund into Delaware Dividend Income Fund ("Dividend Income Fund"), an open-end series of Delaware Group Equity Funds V, at a reconvened Special Meeting of Shareholders to be held on June 16, 2005. In January 2006, shareholders will receive Form 1099-DIV which will report the amount and character of the Fund's distributions paid in calendar year 2005. The Fund will issue another press release once the exact amount of the final distribution, if any, has been determined. If the Plan of Acquisition is approved by shareholders of the Fund, the transaction, which is expected to be a tax-free reorganization, is expected to close on Friday, June 24, 2005 (the "Closing Date") and would entail (i) the acquisition of all of the assets of the Fund by Dividend Income Fund in exchange for Class A shares of Dividend Income Fund; (ii) the pro rata distribution of such shares to the Fund's shareholders in exchange for their shares of the Fund; and (iii) the subsequent liquidation and dissolution of the Fund. For the three months after the Closing Date, former Fund shareholders who redeem shares of Dividend Income Fund received in connection with the transaction will pay a 2% redemption fee. The 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. 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 9, 2005, the Fund had total assets of approximately $84.7 million. DATASOURCE: Delaware Investments CONTACT: Christina Ward, Corporate Communications, Delaware Investments, +1-215-255-1388, ; or Priscilla Brown, Investor Relations, Lincoln Financial Group, +1-215-448-1422 Web site: http://www.delawareinvestments.com/

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