Philadelphia – (business wire) — Today, Delaware Investments Dividend and Income Fund, Inc. (the “Fund”), a closed-end fund trading company listed on the New York Stock Exchange under the symbol “DDF”, will distribute a monthly distribution of $0.0557 per share. Declared. Monthly distributions will be paid to shareholders of record on January 27, 2023 at the close of business on January 20, 2023. The ex-dividend date is January 19, 2023.
The fund is a diversified closed-end fund. The main investment objective is seeking a high current income. Capital appreciation is a secondary purpose. The Fund will pursue its purpose by investing, under normal circumstances, at least 65% of its total assets in income-generating stocks, including dividend-paying common stock, convertible securities, preferred stock, and other equity-related securities. try to achieve Up to 25% can be included in real estate investment trusts (REITs) and real estate industry operating companies. Up to 35% of the Fund’s total assets may be invested in non-convertible bonds, which consist primarily of high-yield, high-risk corporate bonds. Additionally, the Fund utilizes leverage techniques in an attempt to obtain higher returns for the Fund. There is no guarantee that the Fund will achieve its investment objectives.
The Fund implements a controlled distribution policy. Under this policy, the Fund is managed with the goal of generating the largest possible distribution of net investment income and short-term capital gains. The remainder of the distribution will be derived from long-term capital gains to the extent permitted, with return of capital as required. For example, a return of capital may occur if some or all of the funds you have invested in the Fund are returned to you. Capital distribution returns do not necessarily reflect the Fund’s investment performance and should not be confused with “yield” or “income”. The Fund may realize capital gains in the current year, but such gains may be offset in whole or in part by the carry-forward of the Fund’s capital losses from previous years.
Pursuant to the Fund’s administrative distribution policy, the Fund will make monthly distributions to common stockholders at a target annual distribution rate of 7.5% of the Fund’s average net asset value per share (“NAV”). The Fund will calculate his average NAV per share for the three months immediately preceding the distribution based on the number of business days in the three months in which the NAV is calculated. Allocation is calculated as 7.5% of the average NAV per share over the last three months divided by 12. The Fund will generally allocate amounts necessary to meet the Fund’s Managed Allocation Policy and the requirements set forth in Subchapter M of the Excise and Internal Regulations. Revenue code. This method of distribution is intended to provide shareholders with a consistent but unguaranteed income stream and a targeted annual distribution rate, providing a discount between the market price and the NAV of the Fund’s common stock. It’s meant to be narrow, but in doing so the policy succeeds. The methodology for determining monthly distributions under the Fund’s Administrative Distribution Policy is reviewed at least annually by the Fund’s Board of Directors, and the Fund continues to evaluate distributions in light of ongoing market conditions.
No conclusions about the investment performance of the Fund should be drawn from the amount of this distribution or the terms of the Fund’s administrative distribution policy. Reported fund distribution amounts and funding sources are estimates and are not provided for tax reporting purposes. The actual amount and source of the amount for tax reporting purposes will depend on the Fund’s investment experience during the remainder of the financial year and is subject to change based on tax laws. The Foundation will send you a calendar year Form 1099-DIV with instructions on how to report these distributions for federal income tax purposes.
About Macquarie Asset Management
Macquarie Asset Management is a global asset manager dedicated to making a positive impact for everyone. Trusted by institutions, pension funds, governments and individuals worldwide, he manages over $508 billion in assets.1 We provide access to specialized investment expertise across a range of functions including Infrastructure, Green Investments & Renewables, Real Estate, Agriculture & Natural Assets, Asset Finance, Private Credit, Equities, Fixed Income and Multi-Asset Solutions.
Advisory services are provided by Delaware Management Company, an affiliate of Macquarie Investment Management Business Trust, a registered investment advisor. Macquarie Asset Management is part of the Macquarie Group, a diversified financial group that provides wealth management, finance, banking, advisory, risk and capital solutions to clients across debt, equities and commodities. Founded in 1969, Macquarie Group employs approximately 19,000 people in 33 markets and is listed on the Australian Stock Exchange.For more information on the Delaware Fund Macquarie®visit delawarefunds.com or call 800 523-1918.
With the exception of Macquarie Bank Limited ABN 46 008 583 542 (“Macquarie Bank”), no Macquarie Group entity referred to in this document is a licensed deposit-taking institution for the purposes of the Banks Act 1959 (Commonwealth of Australia). . Obligations of these other Macquarie Group entities do not represent deposits or other obligations of Macquarie Bank. Macquarie Bank does not provide any warranties or guarantees with respect to the obligations of these other Macquarie Group entities. Further, if this document relates to an investment, (a) the investor is subject to investment risks, including possible delays in repayment, loss of income and principal invested; and (b) Macquarie Bank or Macquarie Group. None of the other entities guarantee any particular benefit. It does not guarantee the return or performance of any investment, nor does it guarantee the repayment of capital with respect to any investment.
1 As of September 30, 2022
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