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Delaware Investments Global Dividend And Income Fund, Inc. And Delaware Enhanced Global Dividend And Income Fund Announce Approval Of Plan Of Reorganization

Stocks in this article: DEX DGF

The Board of Directors of Delaware Investments Global Dividend and Income Fund, Inc. (NYSE: DGF) (“DGF”) and the Board of Trustees of Delaware Enhanced Global Dividend and Income Fund (NYSE: DEX) (“DEX”) today announced the final results of voting at the Joint Special Meeting of Shareholders (the “Special Meeting”) held on September 21, 2011. Shareholders of each Fund approved an Agreement and Plan of Reorganization (the “Plan of Reorganization”) providing for (i) the acquisition by DEX of substantially all of the assets and certain of the liabilities of DGF, in exchange for newly issued common shares of DEX; (ii) the distribution of such newly issued common shares of DEX to holders of common shares of DGF; and (iii) the dissolution of DGF thereafter. Common shares of DGF would be exchanged for common shares of DEX on a pro rata basis based on the relative net asset values of each Fund’s common shares. This transaction, which is expected to be tax-free, is currently anticipated to close at the close of business on October 21, 2011.

In connection with this transaction, shareholders of DGF holding share certificates must send in such certificates before becoming eligible to receive distributions as DEX shareholders. DGF shareholders will be mailed specific instructions on how to send in their certificates. The Fund’s transfer agent, BNY Mellon Shareowner Services, can assist DGF shareholders in this process. DGF shareholders can contact BNY Mellon Shareowner Services by calling 800-851-9677.

DGF may also make a final distribution of any of its undistributed ordinary income and undistributed capital gain net income earned and anticipated to be earned through close of business on the reorganization date. Currently, DGF is not anticipated to have any income or capital gains to distribute after the Fund makes its regularly scheduled monthly distribution. DGF will issue a press release prior to October 21, 2011 stating the exact amount, the record date, and the payable date of the monthly distribution and, if necessary, any final distribution. In early 2012, shareholders of DGF will receive a Form 1099-DIV for the calendar year 2011 that will tell them how to report these distributions for federal income tax purposes.

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