Delaware Funds® by Macquarie Municipal Income Funds Announce Board Approval of Municipal Closed-end Fund Reorganizations
12 Août 2021 - 10:51PM
Business Wire
Today, the following three municipal income funds, Delaware
Investments Colorado Municipal Income Fund, Inc. (VCF); Delaware
Investments National Municipal Income Fund (VFL); and Delaware
Investments Minnesota Municipal Income Fund II, Inc. (VMM) (each, a
“Fund” and together, the “Funds”), each a closed-end management
investment company, announced that the Boards of Directors/Trustees
(the “Boards”) of the Funds approved the reorganization of each of
VCF and VMM into VFL (each, a “Reorganization” and together, the
“Reorganizations”).
It is currently expected that the Reorganizations will be
completed in early 2022 subject to approval by Fund shareholders
and the satisfaction of customary closing conditions.
This press release is not intended to, and does not constitute
an offer to purchase or sell shares of the Funds nor is this press
release intended to solicit a proxy from any shareholder of any of
the Funds. The solicitation of the purchase or sale of securities
or of proxies to effect the Reorganizations will only be made by
either a definitive Proxy Statement or a definitive Proxy
Statement/Prospectus.
This press release references a Proxy Statement and a Proxy
Statement/Prospectus, to be filed by the Funds. The Proxy Statement
and the Proxy Statement/Prospectus have yet to be filed with the
U.S. Securities and Exchange Commission (the “SEC”). After the
Proxy Statement and the Proxy Statement/Prospectus are filed with
the SEC, each may be amended or withdrawn. The Proxy
Statement/Prospectus will not be distributed to shareholders of the
Funds unless and until a Registration Statement comprising of the
Proxy Statement/Prospectus is declared effective by the SEC.
SHAREHOLDERS OF THE FUNDS ARE URGED TO READ THE PROXY STATEMENT
AND THE PROXY STATEMENT/PROSPECTUS AND OTHER DOCUMENTS FILED WITH
THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE
BECAUSE THESE DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION ABOUT
THE REORGANIZATIONS. SHAREHOLDERS SHOULD CONSIDER THE INVESTMENT
OBJECTIVES, RISKS, CHARGES, AND EXPENSES OF THE FUNDS CAREFULLY.
THE PROXY STATEMENT AND THE PROXY STATEMENT/PROSPECTUS WILL CONTAIN
INFORMATION WITH RESPECT TO THE INVESTMENT OBJECTIVES, RISKS,
CHARGES, AND EXPENSES OF THE FUNDS.
The Proxy Statement and the Proxy Statement/Prospectus will not
constitute an offer to buy or sell securities, in any state where
such offer or sale is not permitted.
Shareholders may obtain free copies (when they become available)
of the Proxy Statement, the Proxy Statement/Prospectus and other
documents filed with the SEC at the SEC’s web site at www.sec.gov.
In addition, free copies (when they become available) of the Proxy
Statement, the Proxy Statement/Prospectus and other documents filed
with the SEC may also be obtained by directing a request to the
Funds at 800 523-1918.
The investment objective of Delaware Investments Colorado
Municipal Income Fund, Inc. and Delaware Investments Minnesota
Municipal Income Fund II, Inc. is to provide current income exempt
from federal income tax and from the personal income tax of its
state, if any, consistent with the preservation of capital. The
investment objective of Delaware Investments National Municipal
Income Fund is to provide current income exempt from regular
federal income tax consistent with the preservation of capital.
About Macquarie Investment Management
Macquarie Investment Management, a member of Macquarie Group,
includes the former Delaware Investments and is a global asset
manager with offices throughout the United States, Europe, Asia,
and Australia. As active managers, we prioritize autonomy and
accountability at the team level in pursuit of opportunities that
matter for clients. Macquarie Investment Management is supported by
the resources of Macquarie Group (ASX: MQG; ADR: MQBKY), a global
provider of asset management, investment, banking, financial and
advisory services.
Advisory services are provided by Macquarie Investment
Management Business Trust, a registered investment advisor.
Macquarie Group refers to Macquarie Group Limited and its
subsidiaries and affiliates worldwide. For more information about
Delaware Funds® by Macquarie, visit delawarefunds.com or call 800
523-1918.
Other than Macquarie Bank Limited (MBL), none of the entities
referred to in this document are authorized deposit-taking
institutions for the purposes of the Banking Act 1959 (Commonwealth
of Australia). The obligations of these entities do not represent
deposits or other liabilities of MBL, a subsidiary of Macquarie
Group Limited and an affiliate of Macquarie Investment Management.
MBL does not guarantee or otherwise provide assurance in respect of
the obligations of these entities, unless noted otherwise.
© 2021 Macquarie Management Holdings, Inc.
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delawarefunds.com/closed-end
Media contacts Daniela Palmieri 215 255-8878 Sarah Stein
212 231-0323
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