LNV Lincoln Natl Conv Secs FD

Lincoln National Convertible Securities Fund, Inc. Announces Final Distribution PHILADELPHIA, June 23 /PRNewswire-FirstCall/ -- Lincoln National Convertible Securities Fund, Inc. (NYSE:LNV) (the "Fund") today announced that it will make a final distribution of $0.006 per share payable on June 30, 2005 to shareholders of record on June 20, 2005. This final distribution represents substantially all of the Fund's undistributed ordinary income and undistributed capital gain net income earned or expected to be earned through close of business on June 24, 2005, as had been announced in the Fund's earlier press release on June 10, 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's final distribution is made in connection with the reorganization of the Fund into Delaware Dividend Income Fund ("Dividend Income Fund"), an open-end series of Delaware Group Equity Funds V, which was approved by the Fund's shareholders at a reconvened Special Meeting of Shareholders held on June 16, 2005. The transaction, which is expected to be a tax-free reorganization, is currently anticipated to become effective after the close of trading 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 22, 2005, the Fund had total assets of approximately $85.5 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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