Delaware's Dividend And Income Fund: Tender Offer Offers Over 70% Annualized Return With Limited Downside

The Fund Delaware Investments, Dividend And Income Fund, Inc (DDF) is a diversified, closed-end fund. The primary investment objective is to seek high current income; capital appreciation is a secondary objective. The Fund seeks to achieve its objectives by investing, under normal circumstances, at least 65% of its total assets in income-generating equity securities, including dividend-paying common stocks, convertible securities, preferred stocks, and other equity-related securities. Up to 35% of the Fund's total assets may be invested in nonconvertible debt securities consisting primarily of high yield, high risk corporate bonds. DDF Board of Directors has authorized an issuer tender offer for 5% of shares outstanding May 22, DDF's Board Of Directors authorized an issuer tender offer to purchase for cash up to 471,952 shares or 5% of the shares outstanding. The tender offer will commence on Monday, June 2 and will expire, unless extended on Friday June 27. Purchases... Read more

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