Lincoln National Convertible Securities Fund Adjourns Shareholder Meeting
June 02 2005 - 5:41PM
PR Newswire (US)
Lincoln National Convertible Securities Fund Adjourns Shareholder
Meeting PHILADELPHIA, June 2 /PRNewswire-FirstCall/ -- Lincoln
National Convertible Securities Fund, Inc. (NYSE:LNV) today
announced that it has adjourned its Special Meeting of Shareholders
(the "Meeting") until Thursday, June 16, 2005 at 11:00 a.m. The
reconvened Meeting will be held at the offices of Delaware
Investments, Two Commerce Square, 2001 Market Street, 2nd Floor
Auditorium, Philadelphia, PA. The Meeting was adjourned to give the
Fund additional time to solicit proxies. At the Meeting, the Fund's
shareholders will vote on a proposal to reorganize the Fund into
Delaware Dividend Income Fund ("Dividend Income Fund"), an open-end
series of Delaware Group Equity Funds V, which 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. If approved by
shareholders of the Fund at the reconvened Meeting on June 16,
2005, the transaction is expected to close on Friday, June 24,
2005. 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 1, 2005, the Fund had total assets of approximately
$84.1 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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