M&A - DELAWARE GROUP ADVISER FUNDS

Form Type: 497

Filing Date: 2025-04-21

Corporate Action: Acquisition

Type: New

Accession Number: 000113743925000305

Filing Summary: On April 21, 2025, Macquarie Group Limited, the parent company of Delaware Management Company, along with its affiliates and Nomura Holding America Inc., announced an agreement for Nomura to acquire the US and European public investments asset management business of Macquarie Asset Management. The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close by the end of October 2025. The closing of this transaction will lead to the automatic termination of each Fund’s investment advisory agreement with Delaware Management Company. Consequently, the Fund’s Board of Trustees will be asked to approve a new investment advisory agreement, which would then be presented to shareholders for approval. This new agreement would take effect once the transaction closes. Investors are advised to consult tax professionals regarding the potential tax implications before making any investment decisions.

Form Type: 497K

Filing Date: 2025-04-21

Corporate Action: Acquisition

Type: Update

Accession Number: 000113743925000309

Filing Summary: On April 21, 2025, Macquarie Group Limited, the parent company of Delaware Management Company, along with certain affiliates and Nomura Holding America Inc., announced an agreement for Nomura to acquire the US and European public investments asset management business of Macquarie Asset Management. The transaction is subject to customary closing conditions, including obtaining necessary regulatory approvals. It is expected to close by the end of October 2025. The closing of the transaction will lead to the automatic termination of each Fund's investment advisory agreement with Delaware Management Company, prompting the Board of Trustees to seek approval for new investment advisory and sub-advisory agreements. If approved by the Board, these agreements will be presented to Fund shareholders, taking effect upon transaction closing. Investors are advised to consult tax professionals regarding the implications of this acquisition.