Delaware Enhanced Global Dividend and Income Fund Combines Domestic and International Stocks, Real Estate Investment Trusts, and Debt Securities to Seek Diversification and High Current Income PHILADELPHIA, June 29 /PRNewswire-FirstCall/ -- Delaware Investments today announced the initial public offering of a new closed-end fund investing globally in dividend-paying or income-generating securities across multiple asset classes, including but not limited to: equity securities of large, well- established companies, securities issued by real estate companies, debt securities (such as government bonds, investment grade and high risk, high yield corporate bonds, and convertible bonds); and emerging market securities. The Fund will also utilize enhanced income strategies by engaging in dividend capture trading, option overwriting, realization of gains on the sale of securities, dividend growth and currency forwards. The Fund, which began trading this week on the New York Stock Exchange under the ticker "DEX," raised $235 million in assets (excluding the exercise of the underwriters' overallotment shares, which may not occur). The Fund's primary investment objective is to seek current income, with a secondary objective of capital appreciation. "We believe today's investors, and particularly those in retirement or preparing for retirement, are seeking income-producing assets," said Ted Smith, executive vice president, Retail Product Sales and Marketing, Delaware Investments. "Delaware Investments has a long history of managing income funds, and a tradition of innovation. This Fund takes some of the best thinking from several of our investment teams, and combines their expertise in a new way. We are extremely excited to partner with Merrill Lynch to bring this Fund to investors at this time." Delaware Management Company, a series of Delaware Management Business Trust, is the Fund's adviser. The Fund is lead-managed by Babak Zenouzi, senior vice president and senior portfolio manager, Delaware REIT and Dividend Income Team. In addition to Mr. Zenouzi, members of the portfolio management team include: D. Tysen Nutt Jr., team leader of the Delaware Large-Cap Value Focus Team; Zoe A. Neale, team leader of the Delaware International Value Equity Team; Liu-Er Chen, team leader of the Delaware Emerging Markets Team; Damon Andres, portfolio manager for REITs, convertibles, and dividend income products; Thomas A. Chow, Delaware High Yield Bond Team; and Philip R. Perkins, leader of the Delaware International and Emerging Markets Fixed Income Team. Merrill Lynch, Pierce, Fenner & Smith Incorporated and A.G. Edwards & Sons, Inc. were co-lead underwriters in connection with the offering. Delaware Management Company, the Fund's adviser, will pay a fee of approximately $4.5 million in connection with this offering. Delaware Investments, the investment management subsidiary of Lincoln Financial Group, will recognize this one-time expense in the second quarter of 2007. About Delaware Investments: Delaware Investments, an affiliate of Lincoln Financial Group, is a Philadelphia-based diversified asset management firm with $166 billion in assets under management as of March 31, 2007. Through a broad range of managed accounts and portfolios, mutual funds, retirement accounts, sub-advised 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/ . Please carefully consider the Fund's objectives, risks, charges and expenses before investing. The prospectus contains this and other important information about the Fund. Please read the prospectus carefully before investing. This announcement is not an offer to purchase or the solicitation of an offer to sell shares of the Fund or a prospectus, circular or representation intended for use in the purchase or sale of Fund shares. Risk Considerations No operating history. The Fund is a newly organized, non-diversified, closed-end management investment company with no operating history. Shares of exchange traded closed-end funds, like the Fund, usually trade on a national stock exchange. Similar to stocks, the Fund's share price will fluctuate with market conditions and, at the time of sale, may be worth more or less than the original investment. Shares of exchange traded closed-end funds often trade at a discount to their net asset value. Investors are advised to carefully consider the Fund's objectives, risks, charges and expenses before investing. The prospectus contains this and other important information about the Fund. Please read the prospectus carefully before investing. For a copy of the Fund's prospectus, please contact your securities representative. Not a complete investment program. The Fund is intended for investors seeking capital appreciation and high current income and is not intended to be a short-term trading vehicle. An investment in the common shares of the Fund should not be considered a complete investment program. Each investor should take into account the Fund's investment objectives as well as the investor's other investments when considering an investment in the common shares. Forward Looking Statements - Cautionary Language Certain statements made in these documents may contain information that includes or is based upon forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements give expectations or forecasts of future events. You can identify these statements by the fact that they do not relate strictly to historical or current facts. They use words such as "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," and other words and terms of similar meaning in connection with a discussion of future operating or financial performance. In particular, these include statements relating to future actions, prospective services or products, future performance or results of current and anticipated services or products, sales efforts, expenses, the outcome of contingencies such as legal proceedings, trends in operations and financial results. Any or all forward-looking statements may turn out to be wrong. They can be affected by inaccurate assumptions or by known or unknown risks and uncertainties. Many such factors will be important in determining our actual future results. These statements are based on current expectations and the current economic environment. They involve a number of risks and uncertainties that are difficult to predict. These statements are not guarantees of future performance. Actual results could differ materially from those expressed or implied in the forward-looking statements. We disclaim any current intention to update any forward-looking statements to reflect events or circumstances that occur after the date of these documents. DATASOURCE: Delaware Investments and Lincoln Financial Group CONTACT: Corporate Communications- Ayele Ajavon, +1-215-255-1632, , or Laurel O'Brien, +1-215-255-1520, , both of Delaware Investments Web site: http://www.delawareinvestments.com/ http://www.lfg.com/

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