LNV Lincoln Natl Conv Secs FD

Lincoln National Convertible Securities Fund, Inc. Announces Completion of Reorganization Into Delaware Dividend Income Fund PHILADELPHIA, June 24 /PRNewswire-FirstCall/ -- Lincoln National Convertible Securities Fund, Inc. (NYSE:LNV) (the "Fund") today announced the completion of its reorganization into Delaware Dividend Income Fund ("Dividend Income Fund"), an open-end series of Delaware Group Equity Funds V. The reorganization was approved by the Fund's shareholders at a reconvened Special Meeting of Shareholders held on June 16, 2005. The transaction, which is structured as a tax-free reorganization, entailed (i) the acquisition of all of the assets of the Fund by Dividend Income Fund in exchange for Class A shares of Dividend Income Fund and (ii) the pro rata distribution of such shares to the Fund's shareholders in exchange for their shares of the Fund. From this point forward, the Fund will no longer trade or be listed on the New York Stock Exchange, and the Fund's corporate existence will be liquidated and dissolved. For the three months after today's closing, former Fund shareholders who redeem shares of Dividend Income Fund received in connection with the transaction will pay a 2% redemption fee. Questions regarding the exchange of shares in connection with the transaction should be directed to Dividend Income Fund's transfer agent, Delaware Service Company, at 1-800-523-1918. The Fund was 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 was to provide a high level of total return through a combination of capital appreciation and current income. As of June 22, 2005, the Fund had total assets of approximately $85.5 million. DATASOURCE: Delaware Investments CONTACT: Christina Ward, Corporate Communications, Delaware Investments, +1-215-255-1388, , or Priscilla Brown, Investor Relations, Lincoln Financial Group, +1-215-448-1422 Web site: http://www.delawareinvestments.com/

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