Lincoln National Income Fund Quarterly Dividend Declaration PHILADELPHIA, Sept. 23 /PRNewswire-FirstCall/ -- The Board of Directors of Lincoln National Income Fund, Inc. (NYSE:LND) recently declared a quarterly dividend of 21 cents per share on its common stock. The dividend is payable on October 29, 2004 to shareholders of record on October 15, 2004. The Fund's SEC yield for the 30 days ended August 31, 2004 was 6.68% based on the market value of the Fund's common stock on August 31, 2004. Lincoln National Income 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. The Fund's primary objective is to produce increasing dollar amounts of income for distribution to its shareholders over the long term. Net assets under management as of September 21, 2004 were approximately $140.3 million. DATASOURCE: Delaware Investments CONTACT: Christina Ward, Delaware Investments, +1-215-255-1388 Web site: http://www.delawareinvestments.com/

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