M&A - DELAWARE GROUP EQUITY FUNDS V

Form Type: 497K

Filing Date: 2025-04-21

Corporate Action: Acquisition

Type: New

Accession Number: 000113743925000371

Filing Summary: On April 21, 2025, Macquarie Group Limited, the parent company of Delaware Management Company (DMC), along with its affiliates, announced an agreement for Nomura Holding America Inc. to acquire the US and European public investments asset management business of Macquarie Asset Management. The transaction is contingent upon customary closing conditions, including regulatory approvals. Expected to close by the end of October 2025, the deal will lead to the automatic termination of each Fund’s investment advisory agreement with DMC under the Investment Company Act of 1940. The Funds' Board of Trustees will be required to approve new investment advisory and sub-advisory agreements, which, if approved, will take effect upon the transaction's closing. Investors are advised to consult tax professionals regarding potential tax implications from this investment.

Form Type: 497K

Filing Date: 2025-04-21

Corporate Action: Acquisition

Type: New

Accession Number: 000113743925000372

Filing Summary: On April 21, 2025, Macquarie Group Limited, along with its subsidiary Delaware Management Company (DMC), announced an agreement for Nomura Holding America Inc. to acquire the US and European public investments asset management business of Macquarie Asset Management. This acquisition is subject to customary closing conditions including necessary regulatory approvals, with an expected closing by the end of October 2025. Upon closing, the transaction will automatically terminate each Fund’s investment advisory agreement with DMC, necessitating the approval of a new investment advisory agreement by the Fund's Board of Trustees. If the new agreement is approved by the Board, it will then be presented to Fund shareholders for their approval, taking effect upon closing of the transaction. Investors are advised to consult with tax professionals regarding potential tax consequences related to investments.

Form Type: 497K

Filing Date: 2025-04-21

Corporate Action: Acquisition

Type: New

Accession Number: 000113743925000374

Filing Summary: On April 21, 2025, Macquarie Group Limited, the parent company of Delaware Management Company (DMC), announced an agreement for Nomura Holding America Inc. to acquire the US and European public investments asset management business of Macquarie Asset Management. The acquisition is subject to customary closing conditions, including regulatory approvals, and is expected to close by the end of October 2025. Following this acquisition, the investment advisory agreement with DMC will automatically terminate. Consequently, the Board of Trustees of each Fund will need to approve new investment advisory agreements, which will be presented to Fund shareholders for approval. This transition will become effective upon the closing of the transaction.