PHILADELPHIA, Jan. 2 /PRNewswire-FirstCall/ -- Today, the following four
Delaware Investments municipal income funds, all closed-end management
investment companies, declare their monthly income dividends: Delaware
Investments Arizona Municipal Income Fund, Inc., Delaware Investments Colorado
Municipal Income Fund, Inc. (formerly Delaware Investments Colorado Insured
Municipal Income Fund, Inc.), Delaware Investments National Municipal Income
Fund, and Delaware Investments Minnesota Municipal Income Fund II, Inc.
(together, the "Funds"). The investment objective of each Fund, other than
Delaware Investments National Municipal Income Fund, is to provide current
income exempt from federal income tax and from the personal income tax of its
state, if any, consistent with the preservation of capital. The investment
objective of Delaware Investments National Municipal Income Fund is to provide
current income exempt from regular federal income tax consistent with the
preservation of capital. In addition, each Fund has the ability to utilize
leveraging techniques in an attempt to obtain a higher return for the Fund. At
present, the Funds do not have any outstanding leverage.
Each of the Funds has decreased its monthly dividend, beginning with the
dividend to be paid on January 30, 2009. These dividends were decreased to
more closely reflect the net investment income currently expected to be
generated by each of the Funds. Each Fund continues to evaluate its monthly
distribution in light of ongoing economic and market conditions and may take
further action in the future.
The following dates apply to today's dividend announcement:
Declaration date: 1/2/2009
Ex-date: 1/14/2009
Record date: 1/16/2009
Payable date: 1/30/2009
The dividend distributions(1) are as follows:
FUND Dividend per Share
Delaware Investments Arizona Municipal $0.040000
Income Fund, Inc. (ASE: VAZ)(2)
Delaware Investments Colorado Municipal $0.047500
Income Fund, Inc. (ASE: VCF)(3)
Delaware Investments National Municipal $0.042500
Income Fund (ASE: VFL)
Delaware Investments Minnesota Municipal $0.047500
Income Fund II, Inc. (ASE: VMM)(4)
(1) The dividends are exempt from federal income tax.
(2) The dividend is exempt from Arizona state personal income tax.
(3) The dividend is exempt from Colorado state personal income tax.
(4) The dividend is exempt from Minnesota state personal income tax.
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
LINCOLN NATIONAL CORPORATION 
