LNV Lincoln Natl Conv Secs FD

Lincoln National Convertible Securities Fund Declares Quarterly Dividend PHILADELPHIA, Sept. 23 /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 October 29, 2004 to shareholders of record on October 15, 2004. The dividend consists of 15.2 cents per share of ordinary income and 1.8 cents per share as a return of capital. The Fund's SEC yield for the 30 days ended August 31, 2004 was 3.34% based on the market value of the Fund's common stock on August 31, 2004. 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 September 21, 2004, net assets under management were approximately $84.6 million. DATASOURCE: Delaware Investments CONTACT: Christina Ward, Delaware Investments, +1-215-255-1388 Web site: http://www.delawareinvestments.com/

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