M&A - DELAWARE GROUP GLOBAL & INTERNATIONAL FUNDS

Form Type: 497K

Filing Date: 2025-06-18

Corporate Action: Acquisition

Type: Update

Accession Number: 000113743925000816

Filing Summary: On June 18, 2025, Macquarie Group Limited announced an agreement for Nomura Holding America Inc. to acquire Macquarie Asset Management’s US and European public investments business. This acquisition will lead to the automatic termination of investment advisory agreements with Delaware Management Company for the affected funds. In anticipation of the closing, a new investment advisory agreement was recommended for shareholder approval, which will take effect upon the transaction's closing. Each Fund's Board of Trustees also approved an interim agreement for DMC to continue providing investment advisory services for up to 150 days or until the new agreement is approved. Additionally, a comprehensive list of name changes for various funds was disclosed, transitioning from "Macquarie" to "Nomura". Proxy materials for the special meeting of shareholders to discuss the new agreement are expected to be mailed in late July 2025.

Form Type: 497K

Filing Date: 2025-04-21

Corporate Action: Acquisition

Type: New

Accession Number: 000113743925000367

Filing Summary: On April 21, 2025, Macquarie Group Limited, parent company of Delaware Management Company (DMC), announced an agreement for Nomura Holding America Inc. to acquire its US and European public investments asset management business. The transaction is contingent upon customary closing conditions and regulatory approvals, expected to close by end of October 2025. The acquisition will lead to the automatic termination of each Fund’s investment advisory agreement with DMC, necessitating approval for new agreements from the Fund's Board and shareholders. Investors are reminded of the individual tax implications and investment risks associated with this transaction.