Delaware Ivy High Income Opportunities Fund Announces Distribution
01 Dezembro 2022 - 7:28PM
Business Wire
Today, Delaware Ivy High Income Opportunities Fund (the “Fund”),
a New York Stock Exchange– listed closed-end fund trading under the
symbol “IVH,” declared a monthly distribution of $0.073 per common
share. The monthly distribution is payable December 30, 2022 to
shareholders of record at the close of business on December 23,
2022. The ex-dividend date will be December 22, 2022.
The distribution is expected to be paid from net investment
income (regular interest and dividends). The final tax status of
the distribution may differ substantially from this preliminary
information, which is based on estimates, and the final
determination of such amount will be made in early 2023 when the
Fund can determine its earnings and profits for the 2022 fiscal
year.
The Fund’s investment objective is to seek to provide total
return through a combination of a high level of current income and
capital appreciation. The Fund seeks to achieve its investment
objective by investing primarily in a portfolio of high yield
corporate bonds of varying maturities and other fixed income
instruments of predominantly corporate issuers, including first-
and second-lien secured loans (“Secured Loans”). In addition, the
Fund utilizes leveraging techniques in an attempt to obtain a
higher return for the Fund. There can be no assurance that the Fund
will achieve its investment objective.
Under normal circumstances, the Fund will invest at least 80% of
its Managed Assets (as defined below) in a portfolio of U.S. and
foreign bonds, loans and other fixed income instruments, as well as
other investments (including derivatives) with similar economic
characteristics. The Fund will invest primarily in instruments that
are, at the time of purchase, rated below investment grade (below
Baa3 by Moody’s Investors Service, Inc. (“Moody’s”) or below BBB-
by either Standard & Poor’s Rating Services (“S&P”) or
Fitch, Inc. (“Fitch”), or comparably rated by another nationally
recognized statistical rating organization (“NRSRO”)), or unrated
but judged by the Adviser to be of comparable quality. “Managed
Assets” means the Fund’s total assets, including the assets
attributable to the proceeds from any borrowings or other forms of
structural leverage minus liabilities other than the aggregate
indebtedness entered into for purposes of leverage. The Fund may
invest 100% of its Managed Assets in fixed income instruments and
securities issued by foreign issuers, and up to 25% of its Managed
Assets in fixed income instruments and securities of issuers in
emerging markets. Such foreign instruments may be U.S. currency
denominated or foreign currency denominated. Under normal market
conditions the Fund’s investments will consist predominantly of
high yield bonds and/or Secured Loans; however, the Fund’s
investments in fixed income instruments also may include, to a
lesser extent, debentures, notes, commercial paper, investment
grade bonds, loans other than secured loans, including unsecured
loans and mezzanine loans, and other similar types of debt
instruments, as well as derivatives related to or referencing these
types of securities and instruments. The Fund will not invest in
collateralized loan obligations or collateralized debt obligations.
The Fund will seek to dynamically adjust and hedge its duration
depending on the market opportunities available. Under normal
circumstances, the dollar-weighted average portfolio duration of
the Fund will generally range between zero and seven years.
The Fund is a non-diversified, closed-end management investment
company. The price of the Fund’s shares will fluctuate with market
conditions and other factors. Closed-end funds frequently trade at
a discount from their net asset values (NAVs), which may increase
an investor’s risk of loss. At the time of sale, shares may have a
market price that is below NAV and may be worth less than the
original investment upon their sale.
The Fund’s investments in below investment grade securities
(commonly referred to as “high yield securities” or “junk bonds”)
may carry a greater risk of nonpayment of interest or principal
than higher rated bonds. Loans (including loan assignments, loan
participations and other loan instruments) carry other risks,
including the risk of insolvency of the lending bank or other
intermediary. Loans may be unsecured or not fully collateralized,
may be subject to restrictions on resale and sometimes trade
infrequently on the secondary market.
About Macquarie Asset Management
Macquarie Asset Management is a global asset manager that aims
to deliver positive impact for everyone. Trusted by institutions,
pension funds, governments, and individuals to manage more than
$US508 billion in assets globally,1 we provide access to specialist
investment expertise across a range of capabilities including
infrastructure, green investments and renewables, real estate,
agriculture and natural assets, asset finance, private credit,
equities, fixed income and multi asset solutions.
Advisory services are provided by Delaware Management Company, a
series of Macquarie Investment Management Business Trust, a
registered investment advisor. Macquarie Asset Management is part
of Macquarie Group, a diversified financial group providing clients
with asset management, finance, banking, advisory and risk and
capital solutions across debt, equity, and commodities. Founded in
1969, Macquarie Group employs more than 19,000 people in 33 markets
and is listed on the Australian Securities Exchange. For more
information about Delaware Funds by Macquarie®, visit
delawarefunds.com or call 800 523-1918.
Other than Macquarie Bank Limited ABN 46 008 583 542
(“Macquarie Bank”), any Macquarie Group entity noted in this press
release is not an authorised deposit-taking institution for the
purposes of the Banking Act 1959 (Commonwealth of Australia). The
obligations of these other Macquarie Group entities do not
represent deposits or other liabilities of Macquarie Bank.
Macquarie Bank does not guarantee or otherwise provide assurance in
respect of the obligations of these other Macquarie Group entities.
In addition, if this press release relates to an investment, (a)
the investor is subject to investment risk including possible
delays in repayment and loss of income and principal invested and
(b) none of Macquarie Bank or any other Macquarie Group entity
guarantees any particular rate of return on or the performance of
the investment, nor do they guarantee repayment of capital in
respect of the investment.
1 As of September 30, 2022
© 2022 Macquarie Management Holdings, Inc.
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Media contact Lee Lubarsky 347 302-3000
Lee.Lubarsky@macquarie.com
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