M&A - DELAWARE GROUP EQUITY FUNDS II

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.