Delaware Investments Adds International Value Equity Team and Appoints New Co-Managers to Delaware Investments Global Dividend and Income Fund, Inc. PHILADELPHIA, June 21 /PRNewswire-FirstCall/ -- Delaware Investments announced today that a team of seasoned international value investment professionals has joined the firm. The group includes Zoe Neale, Edward Gray, Todd Bassion, Margaret MacCarthy Bacon and consultant Dr. Lawrence Franko. Formerly together as Boston-based Arborway Capital and previously at Thomas Weisel Asset Management (TWAM), the team, which is the International Equity team, is led by Neale, with Gray as co-portfolio manager, and brings its seven-year track record to Delaware. The group, which is based in Boston, offers a variety of international value equity mandates to the institutional market. They report to Patrick P. Coyne, managing director and head of equity investments. "This team brings a long-term, strategic commitment to the international market, which is a benefit to Delaware Investments and our clients," said Delaware Investments President and CEO Jude Driscoll. "They are disciplined asset managers who share our passion for performance. We believe the addition of this team to Delaware ensures that we are solidly on the path to providing world-class investment management across all major asset classes." The Delaware Investments Global Dividend and Income Fund, Inc. (NYSE:DGF) announced that Neale and Gray have been appointed as co-managers for the international equity portion of the Fund. They replace Delaware's Damon J. Andres in that capacity. The Fund is a diversified, closed-end fund that trades under the symbol "DGF" on the New York Stock Exchange. They join D. Tysen Nutt Jr., Jordan L. Irving, Anthony A. Lombardi, Robert A. Vogel Jr., Philip R. Perkins, Timothy L. Rabe and Andres, who continues to co-manage a portion, in making day-to-day investment decisions for the Fund. The Fund's primary investment objective is to seek to provide high current income. Capital appreciation is a secondary objective of the Fund. There is no assurance that the Fund will achieve its investment objective. With the addition of this Boston-based team, Delaware Investments now has a national footprint, with headquarters in Philadelphia and offices in San Francisco, Denver and Fort Wayne, Ind. Team members, all of who worked together at Arborway Capital, Thomas Weisel Asset Management and ValueQuest/TA, which was acquired by TWAM in 2002, include: -- Zoe Neale, chief investment officer, International Equity, is an investment management veteran with extensive asset management experience. She started her career at Anchor Capital Advisors with portfolio management and generalist research responsibilities before she began focusing on global research and asset management at ValueQuest/TA, which she joined in 1996. -- Edward "Ned" Gray, CFA, is an 18-year industry veteran whose experience at ValueQuest/TA, TWAM and Arborway Capital includes portfolio management, security analysis, quantitative research, performance analysis, global research, back office/investment information systems integration, trading, and client and consultant relations. Prior to joining ValueQuest/TA in 1987, he served as a research analyst at the Center for Competitive Analysis. -- Todd Bassion, CFA, is a senior research analyst who takes a lead role in researching new companies and validating data for ongoing portfolio management. Bassion, who joined ValueQuest/TA in 2000, served as a research associate there. -- Margaret MacCarthy Bacon is an investment specialist who brings a wealth of experience including client service, marketing, consultant relations, project management and sales. Prior to her ValueQuest experience, she worked in international strategies at Batterymarch Financial Management. -- Dr. Lawrence Franko is a consultant who serves as a senior research analyst. He plays a key role in name generation, competitive analysis and due diligence. Franko, who has an extensive background in global corporate competition and performance, and international finance management, has published many books and articles on these subjects. A tenured professor of finance and strategic management at the University of Massachusetts, Boston, he has more than 30 years of international business experience. While based in Geneva, Switzerland for 12 years, he worked with European companies and financial institutions. "We are thrilled to join Delaware Investments," said Neale. "There is a cultural approach to portfolio management, to a true team-oriented process, that's ingrained at Delaware and it's a philosophy that very much matches our own. We are excited to be part of an asset management company that is as committed to and passionate about the business as we are." In September 2004 Delaware Investments sold its London-based international investment management unit, Delaware International Advisers Limited, in a management buyout. The new firm changed its name to Mondrian Investment Partners Limited. "We have a successful relationship with Mondrian," said Coyne. "We are pleased with our affiliation and plan to respect our mutual arrangement. Given the importance of international investing as an asset class, we feel strongly that we need to have internal capabilities in this area. We look forward to rebuilding our institutional presence in the international space, and believe that, given the ongoing capacity constraints of many managers in this asset class, there will be ample opportunity for us to attract institutional and retail investors with our new team." "We're eager to pair up our new team with our excellent domestic equity teams as we consider the potential in global equity products," added Driscoll. "We believe they'll be terrific complements to each other and provide us with great capabilities in this arena." DATASOURCE: Delaware Investments CONTACT: Marlene Petter or Christina Ward, Corporate Communications, Delaware Investments, +1-215-255-1200, or Jim Sjoreen, Investor Relations, Lincoln Financial Group, +1-215-448-1420 Web site: http://www.delawareinvestments.com/

Copyright