Delaware Investments® Global Dividend and Income Fund, Inc. Announces Self-Tender Offer for Five Percent of Its Shares
19 Maio 2011 - 5:46PM
Business Wire
Delaware Investments Global Dividend and Income Fund, Inc.
(NYSE: DGF) (the “Fund”) announced today that its Board of
Directors has authorized an issuer tender offer to purchase for
cash up to 246,552 shares of its common stock, each of which has a
par value of $0.01 per share, representing 5 percent of its issued
and outstanding shares of common stock. The tender offer will
commence on Wednesday, June 1, 2011, and will expire, unless
extended, at 11:59 p.m., New York City time, on Friday, July 1,
2011. Subject to various terms and conditions described in offering
materials to be distributed to shareholders: (1) purchases will be
made at a price per share equal to the Fund’s net asset value per
share on the first business day after the expiration of the offer;
and (2) if more shares are tendered than the amount the Board has
authorized to purchase, the Fund will purchase a number of shares
equal to the offer amount on a pro-rated basis.
The shares of common stock of the Fund have recently traded at a
discount to their net asset value per share. During the pendency of
the tender offer, the current net asset value per share will be
available by telephone at 866 223-5912.
The Fund is a diversified, closed-end fund. The Fund’s primary
investment objective is to seek high current income; capital
appreciation is a secondary objective. The Fund seeks to achieve
its objectives by investing, under normal circumstances, at least
50% of its total assets in income-generating equity securities,
including dividend-paying common stocks, convertible securities,
preferred stocks, and other equity-related securities of U.S. and
foreign issuers. Up to 50% of the Fund’s total assets may be
invested in nonconvertible debt securities consisting primarily of
government and high yield, high risk corporate bonds of U.S. and
foreign issuers.
Under normal market conditions, the Fund will invest: (1) at
least 50% of its total assets in securities of U.S. issuers; and
(2) at least 40% of its assets (including leveraged assets) in
securities of non-U.S. issuers, unless market conditions are not
deemed favorable by the Manager, in which case the Fund would
invest at least 30% of its assets (including leveraged assets) in
securities of non-U.S. issuers. The Fund may not, however, invest
more than 50% of its total assets in the securities of any
developed or emerging markets foreign country.
The Fund utilizes leveraging techniques in an attempt to obtain
higher return for the Fund. There is no assurance that the Fund
will achieve its investment objectives.
The Fund has implemented a managed distribution policy. Under
the policy, the Fund is managed with a goal of generating as much
of the distribution as possible from net investment income and
short-term capital gains. The balance of the distribution will then
come from long-term capital gains to the extent permitted, and if
necessary, a return of capital.
DELAWARE INVESTMENTS® GLOBAL DIVIDEND AND
INCOME FUND, INC. ANNOUNCES SELF-TENDER OFFER FOR FIVE
PERCENT OF ITS SHARES / Page 2
Shareholders are advised to read the offer to purchase when
it is available as it contains important information. The
offer to purchase and other documents filed by the Fund with the
Securities and Exchange Commission, including the Fund’s annual
report for the fiscal year ended November 30, 2010, will be
available without cost at the Commission’s web site
(www.sec.gov) or by calling the Fund at 800
523-1918.
About Delaware Investments
Delaware Investments, a member of Macquarie Group, is a
U.S.-based diversified asset management firm with more than $150
billion in assets under management (as of March 31, 2011). Through
a team of talented investment professionals, the firm manages
assets across all major asset classes for a wide range of
institutional and individual investors. Delaware Investments is
supported by the resources of Macquarie Group (ASX: MQG; ADR:
MQBKY), a global provider of asset management, investment, banking,
financial and advisory services with approximately US $321 billion
in assets under management as of March 31, 2011.
Delaware Investments is the marketing name for Delaware
Management Holdings, Inc. and its subsidiaries. Advisory services
provided by Delaware Management Business Trust, a registered
investment advisor. Macquarie Group refers to Macquarie Group
Limited and its subsidiaries and affiliates worldwide. For more
information about Delaware Investments, visit
www.delawareinvestments.com or call 800 523-1918.
Investments in the Fund are not and will not be deposits with or
liabilities of Macquarie Bank Limited ABN 46 008 583 542 and its
holding companies, including their subsidiaries or related
companies (the "Macquarie Group"), and are subject to investment
risk, including possible delays in repayment and loss of income and
capital invested. No Macquarie Group company guarantees or will
guarantee the performance of the Fund, the repayment of capital
from the Fund, or any particular rate of return.
© 2011 Delaware Management Holdings, Inc.
Delaware Investments (NYSE:DGF)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024
Delaware Investments (NYSE:DGF)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024