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PHILADELPHIA, June 1 /PRNewswire-FirstCall/ -- Lincoln National Income Fund, Inc. (NYSE:LND) (the "Fund") announced the final results of voting at the Special Meeting of Shareholders held today. Shareholders of the Fund approved an Agreement and Plan of Acquisition (the "Plan of Acquisition") that provides for: (i) the acquisition of substantially all of the assets of the Fund by Delaware Corporate Bond Fund ("Corporate Bond Fund"), an open-end series of Delaware Group Income Funds, 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. The transaction, which is expected to be a tax-free reorganization, is currently anticipated to become effective after the close of trading on June 16, 2006 (the "Closing Date"). As set forth in the Plan of Acquisition, shareholders of the Fund will receive Class A shares of Corporate Bond Fund having the same aggregate net asset value as their shares of the Fund. The exchange of shares will be based on each fund's net asset value per share determined as of 4:00 p.m. Eastern time on the Closing Date. 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 May 31, 2006, the Fund had total assets of approximately $91.1 million. About Delaware Investments Delaware Investments, an affiliate of Lincoln Financial Group, is a Philadelphia-based diversified asset management firm with more than $120 billion in assets under management as of March 31, 2006. Through a broad range of managed accounts and portfolios, mutual funds, retirement accounts, subadvised funds, education savings plans and other investment products, Delaware Investments provides investment services to individual investors and to institutional investors such as private and public pension funds, foundations, and endowment funds. Delaware Investments is the marketing name for Delaware Management Holdings, Inc. and its subsidiaries. For more information on Delaware Investments, visit the company at http://www.delawareinvestments.com/. Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE:LNC) and its affiliates. For more information on Lincoln Financial Group, visit http://www.lfg.com/. DATASOURCE: Delaware Investments CONTACT: Ayele Ajavon, +1-215-255-1632, , or Laurel O'Brien, +1-215-255-1520, , both Corporate Communications of Delaware Investments Web site: http://www.lfg.com/ Web site: http://www.delawareinvestments.com/

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