Dividend Declaration: Delaware Investments Dividend and Income Fund, Inc. Announces Dividends
April 01 2008 - 3:54PM
PR Newswire (US)
PHILADELPHIA, April 1, 2008 /PRNewswire-FirstCall/ -- Today,
Delaware Investments Dividend and Income Fund, Inc. (the "Fund"), a
New York Stock Exchange-listed closed-end fund trading under the
symbol "DDF," declares a monthly dividend of eight cents per share.
This dividend is payable April 25, 2008 to shareholders of record
at the close of business on April 11, 2008. The ex-dividend date
will be April 9, 2008. The Fund is a diversified closed-end fund.
The primary investment objective is to seek high current income;
capital appreciation is a secondary objective. The Fund seeks to
achieve its objectives by investing, under normal circumstances, at
least 65% of its total assets in income-generating equity
securities, including dividend-paying common stocks, convertible
securities, preferred stocks, and other equity-related securities.
Up to 35% of the Fund's total assets may be invested in
nonconvertible debt securities consisting primarily of high yield,
high risk corporate bonds. In addition, the Fund utilizes
leveraging techniques in an attempt to obtain a higher return for
the Fund. There is no assurance that the Fund will achieve its
investment objectives. In 1995, the Fund implemented a managed
distribution policy. Under the policy, the Fund is managed with a
goal of generating as much of the dividend as possible from
ordinary income (net investment income and short-term capital
gains). The balance of the dividend then comes from long-term
capital gains to the extent permitted and, if necessary, a return
of capital. About Delaware Investments: Delaware Investments, an
affiliate of Lincoln Financial Group, is a Philadelphia-based
diversified asset management firm with more than $150 billion in
assets under management as of December 31, 2007. Through a broad
range of managed accounts and portfolios, mutual funds, retirement
accounts, sub-advised funds, and other investment products,
Delaware Investments provides investment services to individual
investors and to institutional investors such as private and public
pension funds, foundations, and endowment funds. Delaware
Investments is the marketing name for Delaware Management Holdings,
Inc. and its subsidiaries. For more information on Delaware
Investments, visit the company at
http://www.delawareinvestments.com/. Lincoln Financial Group is the
marketing name for Lincoln National Corporation (NYSE:LNC) and its
affiliates. For more information on Lincoln Financial Group, visit
http://www.lincolnfinancial.com/. DATASOURCE: Delaware Investments
CONTACT: Ayele Ajavon, +1-215-255-1632, , or Laurel O'Brien,
+1-215-255-1520, , both of Delaware Investments Corporate
Communications Web site: http://www.delawareinvestments.com/
http://www.lincolnfinancial.com/
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