Lincoln National Convertible Securities Fund Quarterly Dividend
December 16 2004 - 5:35PM
PR Newswire (US)
Lincoln National Convertible Securities Fund Quarterly Dividend
PHILADELPHIA, Dec. 16 /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 December 31, 2004 to shareholders
of record on December 27, 2004. The dividend consists of 11.2 cents
per share of ordinary income and 5.8 cents per share as a return of
capital. The Fund's SEC yield for the 30 days ended November 30,
2004 was 4.06% based on the market value of the Fund's common stock
on November 30, 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
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 December 15, 2004, net assets under management were
approximately $ 88.2 million. DATASOURCE: Delaware Investments
CONTACT: Christina Ward, Corporate Communications of Delaware
Investments, +1-215-255-1388; or Priscilla Brown, Investor
Relations of Lincoln Financial Group, +1-215-448-1422 Web site:
http://www.delawareinvestments.com/ x
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