PHILADELPHIA, Jan. 2 /PRNewswire-FirstCall/ -- Today, Delaware Investments
Global Dividend and Income Fund, Inc. (the "Fund"), a New York Stock
Exchange-listed closed-end fund trading under the symbol "DGF," declares a
monthly dividend of $0.0575 per share. This dividend is payable January 30,
2009, to shareholders of record at the close of business on January 16, 2009.
The ex-dividend date will be January 14, 2009.
The $0.0575 per share dividend represents a decrease of $0.0225 per share
from the previously declared monthly dividend of $0.08 per share, beginning
with the dividend to be paid on January 30, 2009. The reduced monthly
distribution reflects the impact of ongoing economic and market volatility and
its effect on the amount of available capital gains and net investment income
earned by the Fund. Given the challenging overall market conditions that
exist, the Fund's distribution rate was decreased to a level closer to the net
investment income and capital gains currently expected to be generated by the
Fund. The Fund continues to evaluate its monthly distribution in light of
ongoing economic and market conditions and may take further action in the
future.
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 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 investments income and short-term capital gains. The
balance of the distribution will then come from long-term capital gains to the
extent permitted and 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 $125
billion in assets under management as of September 30, 2008. 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 or for shareholder related
questions, call 800 523-1918. 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.
SOURCE Delaware Investments