Lincoln National Convertible Securities Fund Declares Quarterly Dividend
July 06 2004 - 5:27PM
PR Newswire (US)
Lincoln National Convertible Securities Fund Declares Quarterly
Dividend PHILADELPHIA, July 6 /PRNewswire-FirstCall/ -- The Board
of Directors of Lincoln National Convertible Securities Fund, Inc.
(NYSE:LNV) has declared a quarterly dividend of 17 cents per share.
The dividend is payable on July 30, 2004 to shareholders of record
on July 16, 2004. The dividend consists of 15.1 cents per share of
ordinary income and 1.9 cents per share as a return of capital.
Lincoln National Convertible Securities 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. In April 2002, 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 and, if necessary, a return of capital. 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 30, 2004, net assets under management were approximately
$85.6 million. DATASOURCE: Delaware Investments CONTACT: Thomas C.
Gariepy, Delaware Investments, +1-215-255-1495 Web site:
http://www.delawareinvestments.com/
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