LNV Lincoln Natl Conv Secs FD

Lincoln National Convertible Securities Fund Quarterly Dividend PHILADELPHIA, April 1 /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 April 29, 2005 to shareholders of record on April 15, 2005. Of the Fund's total quarterly dividend, it is estimated that 8.5 cents per share represents ordinary income and 8.5 cents per share represents a return of capital. The actual determination of the source of the Fund's dividends can be made only at year end. The Fund's SEC yield for the 30 days ended March 31, 2005 was 2.04% based on the market value of the Fund's common stock on March 31, 2005. 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 March 31, 2005, net assets under management were approximately $85.3 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/

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