Lincoln National Income Fund, Inc. Announces Final Distribution
16 Junho 2006 - 6:29PM
PR Newswire (US)
PHILADELPHIA, June 16 /PRNewswire-FirstCall/ -- Lincoln National
Income Fund, Inc. (NYSE:LND) (the "Fund") today announced that it
will make a final distribution of $0.14 per share payable on June
30, 2006 to shareholders of record on June 16, 2006. This final
distribution represents substantially all of the Fund's
undistributed ordinary income and undistributed capital gain net
income earned or expected to be earned through close of business on
June 16, 2006, as had been announced in the Fund's earlier press
release on June 5, 2006. In January 2007, shareholders will receive
Form 1099-DIV which will report the amount and character of the
Fund's distributions paid in calendar year 2006. The Fund's final
distribution is made in connection with the reorganization of the
Fund into Delaware Corporate Bond Fund ("Corporate Bond Fund"), an
open-end series of Delaware Group Income Funds, which was approved
by the Fund's shareholders at a Special Meeting of Shareholders
held on June 1, 2006. The transaction, which is expected to be a
tax-free reorganization, is currently anticipated to become
effective after the close of trading on Friday, June 16, 2006 (the
"Closing Date") and would entail (i) the acquisition of all of the
assets of the Fund by Corporate Bond Fund in exchange for Class A
shares of Corporate Bond 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. For the three months after the Closing Date, former
Fund shareholders who redeem or exchange shares of Corporate Bond
Fund received in connection with the transaction will pay a 2%
redemption fee. The Fund is a closed-end, non-diversified
investment management company managed by Delaware Management
Company. Delaware Management Company is a series of Delaware
Management Business Trust, a subsidiary of Lincoln National
Corporation. The Fund's primary objective is to seek to produce
increasing dollar amounts of income for distribution to its
shareholders over the long term. As of June 15, 2006, the Fund had
total assets of approximately $91.1 million. DATASOURCE: Delaware
Investments CONTACT: Ayele Ajavon, Corporate Communications,
+1-215-255-1632, , or Laurel O'Brien, Corporate Communications,
+1-215-255-1520, , both of Delaware Investments Web site:
http://www.delawareinvestments.com/
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