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

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.

Each Fund is a closed-end fund managed by Delaware Management Company, a series of Delaware Management Business Trust. The investment objective of DGF is to provide high current income. The investment objective of DEX is to provide current income. Each Fund has the ability to utilize leveraging techniques in an attempt to obtain a higher return for the Fund. At present, each Fund utilizes a line of credit issued by The Bank of New York Mellon, which DEX is expected to continue utilizing following the reorganization. As of August 31, 2011, the total net assets of DGF and DEX were approximately $32.7 million and $156.3 million, respectively.

In connection with the Plan of Reorganization, each Fund has filed relevant materials with the U.S. Securities and Exchange Commission, including a combined proxy statement for each Fund and a Form N-14 registration statement for DEX that contains a prospectus. The foregoing is not an offer to sell, nor a solicitation of an offer to buy, shares of any fund.

About Delaware Investments

Delaware Investments, a member of Macquarie Group, is a U.S.-based diversified asset management firm with more than $155 billion in assets under management (as of June 30, 2011). Through a team of talented investment professionals, the firm manages assets across all major asset classes for a wide range of institutional and individual investors. 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 $321 billion in assets under management as of March 31, 2011.

Delaware Investments is the marketing name for Delaware Management Holdings, Inc. and its subsidiaries. Macquarie Group refers to Macquarie Group Limited and its subsidiaries and affiliates worldwide. For more information about Delaware Investments, visit www.delawareinvestments.com or call 800 523-1918.

Investments in the Funds are not and will not be deposits with or liabilities of Macquarie Bank Limited ABN 46 008 583 542 and its holding companies, including their subsidiaries or related companies, and are subject to investment risk, including possible delays in repayment and loss of income and capital invested. No Macquarie Group company guarantees or will guarantee the performance of the Funds, the repayment of capital from the Funds, or any particular rate of return.

© 2011 Delaware Management Holdings, Inc.

Copyright Business Wire 2010

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