Lincoln National Convertible Securities Fund Declares Quarterly Dividend
September 23 2004 - 10:31AM
PR Newswire (US)
Lincoln National Convertible Securities Fund Declares Quarterly
Dividend PHILADELPHIA, Sept. 23 /PRNewswire-FirstCall/ -- The Board
of Directors of Lincoln National Convertible Securities Fund, Inc.
(NYSE:LNV) recently declared a quarterly dividend of 17 cents per
share. The dividend is payable on October 29, 2004 to shareholders
of record on October 15, 2004. The dividend consists of 15.2 cents
per share of ordinary income and 1.8 cents per share as a return of
capital. The Fund's SEC yield for the 30 days ended August 31, 2004
was 3.34% based on the market value of the Fund's common stock on
August 31, 2004. 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 September 21, 2004, net assets under management were
approximately $84.6 million. DATASOURCE: Delaware Investments
CONTACT: Christina Ward, Delaware Investments, +1-215-255-1388 Web
site: http://www.delawareinvestments.com/
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