Delaware Enhanced Global Dividend and Income Fund Announces Change to Portfolio Management Team
Business Wire 31-Oct-2018 8:58 AM
Today, Delaware Enhanced Global Dividend and Income Fund (the "Fund"), a
New York Stock Exchange–listed closed-end fund trading under the symbol
"DEX," announced that Ty Nutt, senior portfolio manager and team leader
for Delaware Management Company's Large-Cap Value team, will retire on
July 15, 2019, after 14 years with the firm. Mr. Nutt has been a member
of the Fund's portfolio management team since 2007. Senior portfolio
manager Nik Lalvani will succeed Nutt as the Large-Cap Value team
leader, effective immediately. Nutt will remain an active member of the
Fund's portfolio management team through his retirement date. The other
members of the Fund's portfolio management team are Roger Early, Babak
Zenouzi, Damon Andres, Wayne Anglace, Liu-Er Chen, Craig Dembek, Edward
Gray, Adam Brown, Paul Matlack and John McCarthy.
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. There is no assurance that the
Fund will achieve its investment objectives.
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; and (3) the Fund may invest up to 25% of its net
assets in securities issued by real estate companies (including real
estate investment trusts and real estate industry operating companies).
In addition, the Fund utilizes leveraging techniques in an attempt to
obtain higher return for the Fund.
About Macquarie Investment Management
Macquarie Investment Management, a member of Macquarie Group, includes
the former Delaware Investments and is a global asset manager with
offices throughout the United States, Europe, Asia, and Australia. As
active managers, we prioritize autonomy and accountability at the team
level in pursuit of opportunities that matter for clients. Macquarie
Investment Management is supported by the resources of Macquarie Group
((ASX: MQG, OTC:MQBKY), a global provider of asset management,
investment, banking, financial and advisory services.
Advisory services are provided by Macquarie Investment 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 Funds® by
Macquarie, visit delawarefunds.com or call 800 523-1918.
Other than Macquarie Bank Limited (MBL), none of the entities referred
to 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 MBL, a subsidiary of Macquarie Group Limited and an
affiliate of Macquarie Investment Management. MBL does not guarantee or
otherwise provide assurance in respect of the obligations of these
entities, unless noted otherwise.
© 2018 Macquarie Management Holdings, Inc.
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