Delaware Investments® Municipal Income Funds Announce Dividends

Today, the following three Delaware Investments municipal income funds, all closed-end management investment companies, declare their monthly income dividends: Delaware Investments Colorado Municipal Income Fund, Inc., Delaware Investments National Municipal Income Fund, and Delaware Investments Minnesota Municipal Income Fund II, Inc. (together, the “Funds”). The investment objective of Delaware Investments Colorado Municipal Income Fund, Inc. and Delaware Investments Minnesota Municipal Income Fund II, Inc. is to provide current income exempt from federal income tax and from the personal income tax of its state, if any, consistent with the preservation of capital. The investment objective of Delaware Investments National Municipal Income Fund is to provide current income exempt from regular federal income tax consistent with the preservation of capital. In addition, each Fund has the ability to utilize leveraging techniques in an attempt to obtain a higher return for the Fund. Currently, each Fund has outstanding a series of variable rate preferred shares as leverage.

The following dates apply to the above dividend announcement:

Declaration date:		02/26/2013
Ex-date:		03/06/2013
Record date:		03/08/2013
Payable date:		03/22/2013

The dividend distributions ¹ are as follows:

FUND				Dividend per share
Delaware Investments ColoradoMunicipal Income Fund, Inc. (VCF) 2				$0.057500
Delaware Investments NationalMunicipal Income Fund (VFL)				$0.055000
Delaware Investments MinnesotaMunicipal Income Fund II, Inc. (VMM) 3				$0.057500

(1)		The dividends are exempt from federal income tax.
(2)		The dividend is exempt from Colorado state personal income tax.
(3)		The dividend is exempt from Minnesota state personal income tax.

About Delaware Investments

Delaware Investments, a member of Macquarie Group, is a global asset management firm that offers a wide variety of equity and fixed income solutions for individual and institutional investors. Through teams of disciplined and talented investment professionals, the firm is committed to delivering long-term, consistent performance. In an ever-changing global marketplace, Delaware Investments, with more than US $179 billion in assets under management as of Dec. 31, 2012, has helped its clients move steadily forward for more than 80 years. 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 $353 billion in assets under management as of Sept. 30, 2012.

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