Delaware Enhanced Global Dividend and Income Fund Announces Dividends
January 30 2017 - 4:47PM
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 $0.0525 per
share. The dividend is payable Feb. 24, 2017, to shareholders of
record at the close of business on Feb. 10, 2017. The ex-dividend
date will be Feb. 8, 2017.
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 uses 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 uses
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.
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 is to convert (to the extent of such
current year gains) what would otherwise be nontaxable returns of
capital into distributions taxable as ordinary income. The use
of such capital loss carryovers in this circumstance will 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 nontaxable 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
2017 in early 2018.
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.
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.
Visit delawareinvestments.com for more information.
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.
Neither Delaware Management Company nor its affiliates noted in
this document are authorized deposit-taking institutions for the
purposes of the Banking Act 1959 (Commonwealth of Australia). The
obligations of these entities do not represent deposits or other
liabilities of Macquarie Bank Limited (MBL). MBL does not guarantee
or otherwise provide assurance in respect of the obligations of
these entities, unless noted otherwise.
© 2017 Delaware Management Holdings, Inc.
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contacts:Delaware InvestmentsDaniela Palmieri,
215-255-8878orDelaware InvestmentsJessica Fitzgerald,
215-255-1336
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