M&A - DELAWARE GROUP GLOBAL & INTERNATIONAL FUNDS

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.