PHILADELPHIA -- (Business Wire)
Today, Delaware Enhanced Global Dividend and Income Fund (the “Fund”), a
New York Stock Exchange–listed closed-end fund trading under the symbol
“DEX,” declares a monthly dividend of $0.0750 per share. The dividend is
payable Nov. 30, 2012, to shareholders of record at the close of
business on Nov. 16, 2012. The ex-dividend date will be Nov. 14, 2012.
The Fund's primary investment objective is to seek current income, with
a secondary objective of capital appreciation. The Fund invests 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
(including real estate investment trusts and real estate industry
operating 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 also
utilizes enhanced income strategies by engaging in dividend capture
trading, option overwriting, and realization of gains on the sale of
securities, dividend growth, and currency forwards.
Under normal market conditions, the Fund will invest: (1) at most 60% of
its net assets in securities of U.S. issuers; and (2) at least 40% of
its net 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 net assets in securities of
non-U.S. issuers. In addition, 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 investment income and short-term
capital gains. The balance of the distribution will then come from
long-term capital gains to the extent permitted, and if necessary, a
return of capital. Even though the Fund may realize current year capital
gains, such gains may be offset, in whole or in part, by the Fund’s
capital loss carryovers from prior years. For federal income tax
purposes, the effect of such capital loss carryovers may be to convert
(to the extent of such current year gains) what would otherwise be
returns of capital into distributions taxable as ordinary income. The
use of such capital loss carryovers in this circumstance may produce no
tax benefit for shareholders, and the capital loss carryovers available
to offset future capital gains of the Fund will be reduced. Under the
Regulated Investment Company Modernization Act of 2010, this tax effect
attributable to the Fund’s capital loss carryovers (the conversion of
returns of capital into distributions taxable as ordinary income) will
no longer apply to net capital losses of the Fund arising in Fund tax
years beginning after Nov. 30, 2011. The actual determination of the
source of the Fund's distributions can be made only at year-end.
Shareholders should receive written notification regarding the actual
components and tax treatments of all Fund distributions for the calendar
year 2012 in early 2013.
About Delaware Investments
Delaware Investments, a member of Macquarie Group, is a global asset
management firm that offers a wide variety of equity and fixed income
solutions for individual and institutional investors. Through teams of
disciplined and talented investment professionals, the firm is committed
to delivering long-term, consistent performance. In an ever-changing
global marketplace, Delaware Investments, with more than US $175 billion
in assets under management as of Sept. 30, 2012, has helped its clients
move steadily forward for more than 80 years. Delaware Investments is
supported by the resources of Macquarie Group (ASX: MQG; ADR: MQBKY), a
global provider of asset management, investment, banking, financial and
advisory services with approximately US $339 billion in assets under
management as of March 31, 2012.
Delaware Investments is the marketing name for Delaware Management
Holdings, Inc. and its subsidiaries. Advisory services provided by
Delaware Management Business Trust, a registered investment advisor.
Macquarie Group refers to Macquarie Group Limited and its subsidiaries
and affiliates worldwide. For more information about Delaware
Investments, visit delawareinvestments.com or call 800 523-1918.
Investments in the Fund are not and will not be deposits with or
liabilities of Macquarie Bank Limited ABN 46 008 583 542 and its holding
companies, including their subsidiaries or related companies (the
"Macquarie Group"), and are subject to investment risk, including
possible delays in repayment and loss of income and capital invested. No
Macquarie Group company guarantees or will guarantee the performance of
the Fund, the repayment of capital from the Fund, or any particular rate
of return.
© 2012 Delaware Management Holdings, Inc.
Contacts:
Investors
Computershare Shareowner Services
1-800-851-9677
delawareinvestments.com/co/delaware/closed-end
or
Media
contact
Delaware Investments
Marlene Petter, 215 255-1427
or
Macquarie
Group
Paula Chirhart, 212 231-1310
Source: Delaware Enhanced Global Dividend and Income Fund