M&A - DELAWARE GROUP EQUITY FUNDS II
Form Type: 497K
Filing Date: 2025-06-18
Corporate Action: Acquisition
Type: Update
Accession Number: 000113743925000821
Filing Summary: On June 18, 2025, an agreement was announced between Macquarie Group Limited and Nomura Holding America Inc. for Nomura to acquire Macquarie Asset Management’s US and European public investments business. This acquisition will lead to the termination of the investment advisory agreement with Delaware Management Company (DMC). Pending shareholder approval, new investment advisory agreements are being proposed to take effect upon completion of the transaction. The document includes details about the name changes for multiple funds from Macquarie to Nomura following the closing of the transaction. An interim advisory agreement is also set to be approved to allow DMC to continue services until the new agreements are effective. Proxy materials for a special shareholders meeting will be mailed in late July 2025 for this purpose.
Additional details:
Name Change Details: Current Name: Macquarie Asset Strategy Fund, New Name: Nomura Asset Strategy Fund
Name Change Details: Current Name: Macquarie Balanced Fund, New Name: Nomura Balanced Fund
Name Change Details: Current Name: Macquarie Climate Solutions Fund, New Name: Nomura Climate Solutions Fund
Name Change Details: Current Name: Macquarie Core Equity Fund, New Name: Nomura Core Equity Fund
Name Change Details: Current Name: Macquarie Corporate Bond Fund, New Name: Nomura Corporate Bond Fund
Name Change Details: Current Name: Macquarie Diversified Income Fund, New Name: Nomura Diversified Income Fund
Name Change Details: Current Name: Macquarie Emerging Markets Debt Corporate Fund, New Name: Nomura Emerging Markets Debt Corporate Fund
Name Change Details: Current Name: Macquarie Emerging Markets Fund, New Name: Nomura Emerging Markets Fund
Name Change Details: Current Name: Macquarie Extended Duration Bond Fund, New Name: Nomura Extended Duration Bond Fund
Name Change Details: Current Name: Macquarie Floating Rate Fund, New Name: Nomura Floating Rate Fund
Form Type: 497K
Filing Date: 2025-04-21
Corporate Action: Acquisition
Type: New
Accession Number: 000113743925000376
Filing Summary: On April 21, 2025, Macquarie Group Limited, the parent company of Delaware Management Company (DMC), 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. This transaction is subject to customary closing conditions, which include obtaining applicable regulatory approvals. The transaction is anticipated to close by the end of October 2025, although this timeline is subject to change. As a result of this acquisition, the investment advisory agreement with DMC will be automatically terminated, necessitating the approval of a new investment advisory agreement by each Fund’s Board of Trustees. If the Board approves, this agreement will then be presented to Fund shareholders for their approval, taking effect upon the transaction's closing.
Additional details:
Investment Advisory Agreement Termination: automatic termination of each Fund’s investment advisory agreement with DMC
New Agreement Approval Process: new investment advisory agreement will be presented to Fund shareholders for approval
Expected Closing Date: end of October 2025
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