LNV Lincoln Natl Conv Secs FD

Lincoln National Convertible Securities Fund, Inc. Announces Approval of Plan of Acquisition PHILADELPHIA, June 16 /PRNewswire-FirstCall/ -- Lincoln National Convertible Securities Fund, Inc. (NYSE:LNV) (the "Fund") announced the final results of voting at the reconvened Special Meeting of Shareholders held today. Shareholders of the Fund approved an Agreement and Plan of Acquisition (the "Plan of Acquisition") that provides for: (i) the acquisition of substantially all of the assets of the Fund by Delaware Dividend Income Fund ("Dividend Income Fund"), an open-end series of Delaware Group Equity Funds V, 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. The transaction, which is expected to be a tax-free reorganization, is currently anticipated to become effective after the close of trading on June 24, 2005 (the "Closing Date"). As set forth in the Plan of Acquisition, shareholders of the Fund will receive Class A shares of Dividend Income Fund having the same aggregate net asset value as their shares of the Fund. The exchange of shares will be based on each fund's net asset value per share determined as of 4:00 p.m. Eastern time on the Closing Date. 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 15, 2005, the Fund had total assets of approximately $85.2 million. DATASOURCE: Delaware Investments CONTACT: Christina Ward, Corporate Communications, Delaware Investments, +1-215-255-1388 or , or Priscilla Brown, Investor Relations, Lincoln Financial Group, +1-215-448-1422 Web site: http://www.delawareinvestments.com/

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