Delaware Investments Dividend and Income Fund, Inc. Announces Dividends
29 December 2007 - 9:12AM
PR Newswire (US)
PHILADELPHIA, Dec. 28 /PRNewswire-FirstCall/ -- Today, Delaware
Investments Dividend and Income Fund, Inc. (the "Fund"), a New York
Stock Exchange-listed closed-end fund trading under the symbol
"DDF," declares a monthly dividend of eight cents per share. This
dividend is payable January 25, 2008 to shareholders of record at
the close of business on January 11, 2008. The ex-dividend date
will be January 9, 2008. The Fund is a diversified closed-end fund.
The 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 65 percent of its total assets in income-generating equity
securities, including dividend-paying common stocks, convertible
securities, preferred stocks and other equity-related securities.
Up to 35 percent of the Fund's total assets may be invested in
non-convertible debt securities consisting primarily of high-yield,
high-risk corporate bonds. In addition, the Fund utilizes
leveraging techniques in an attempt to obtain a higher return for
the Fund. There is no assurance that the Fund will achieve its
investment objectives. In 1995, 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 to the extent permitted and, if necessary, a return
of capital. About Delaware Investments: Delaware Investments, an
affiliate of Lincoln Financial Group, is a Philadelphia-based
diversified asset management firm with more than $167 billion in
assets under management as of September 30, 2007. Through a broad
range of managed accounts and portfolios, mutual funds, retirement
accounts, sub-advised funds 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.lincolnfinancial.com/.
DATASOURCE: Delaware Investments CONTACT: Ayele Ajavon, Corporate
Communications, +1-215-255-1632, , or Laurel O'Brien, Corporate
Communications, +1-215-255-1520, , both of Delaware Investments Web
site: http://www.delawareinvestments.com/
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