M&A - DELAWARE GROUP GOVERNMENT FUND
Form Type: 497K
Filing Date: 2025-06-18
Corporate Action: Acquisition
Type: Update
Accession Number: 000113743925000747
Filing Summary: On June 18, 2025, Macquarie Group Limited and Nomura Holding America Inc. entered into an agreement for Nomura to acquire Macquarie Asset Management’s US and European public investments business. This acquisition will lead to the automatic termination of each Fund’s investment advisory agreement with Delaware Management Company (DMC) upon closing. In preparation, each Fund’s Board of Trustees approved a new investment advisory agreement pending shareholder approval, to be effective at the closing of the transaction. Shareholders will receive proxy materials for a special meeting to consider this agreement, expected to be mailed in late July 2025. An interim investment advisory agreement with DMC was approved to last until the new agreement is approved. Additionally, upon closing, several name changes for funds will take effect from Macquarie to Nomura, including Macquarie Asset Strategy Fund to Nomura Asset Strategy Fund and many others. Further details regarding the transaction's timing will follow in future supplements, and this document is not a solicitation of any proxy.
Additional details:
Investment Advisory Agreement Status: pending shareholder approval
Interim Agreement Duration: up to 150 days
Fund Name Changes: [{"current_name":"Macquarie Asset Strategy Fund","new_name":"Nomura Asset Strategy Fund"},{"current_name":"Macquarie Balanced Fund","new_name":"Nomura Balanced Fund"},{"current_name":"Macquarie Climate Solutions Fund","new_name":"Nomura Climate Solutions Fund"},{"current_name":"Macquarie Core Equity Fund","new_name":"Nomura Core Equity Fund"},{"current_name":"Macquarie Corporate Bond Fund","new_name":"Nomura Corporate Bond Fund"},{"current_name":"Macquarie Diversified Income Fund","new_name":"Nomura Diversified Income Fund"},{"current_name":"Macquarie Emerging Markets Debt Corporate Fund","new_name":"Nomura Emerging Markets Debt Corporate Fund"},{"current_name":"Macquarie Emerging Markets Fund","new_name":"Nomura Emerging Markets Fund"},{"current_name":"Macquarie Extended Duration Bond Fund","new_name":"Nomura Extended Duration Bond Fund"},{"current_name":"Macquarie Floating Rate Fund","new_name":"Nomura Floating Rate Fund"},{"current_name":"Macquarie Global Allocation Fund","new_name":"Nomura Global Allocation Fund"},{"current_name":"Macquarie Global Bond Fund","new_name":"Nomura Global Bond Fund"},{"current_name":"Macquarie Global Growth Fund","new_name":"Nomura Global Growth Fund"},{"current_name":"Macquarie Global Listed Real Assets Fund","new_name":"Nomura Global Listed Real Assets Fund"},{"current_name":"Macquarie Growth and Income Fund","new_name":"Nomura Growth and Income Fund"},{"current_name":"Macquarie Healthcare Fund","new_name":"Nomura Healthcare Fund"},{"current_name":"Macquarie High Income Fund","new_name":"Nomura High Income Fund"},{"current_name":"Macquarie International Core Equity Fund","new_name":"Nomura International Core Equity Fund"},{"current_name":"Macquarie Large Cap Growth Fund","new_name":"Nomura Large Cap Growth Fund"},{"current_name":"Macquarie Limited-Term Diversified Income Fund","new_name":"Nomura Limited-Term Diversified Income Fund"},{"current_name":"Macquarie Mid Cap Growth Fund","new_name":"Nomura Mid Cap Growth Fund"},{"current_name":"Macquarie Mid Cap Income Opportunities Fund","new_name":"Nomura Mid Cap Income Opportunities Fund"}]
Form Type: 497K
Filing Date: 2025-06-18
Corporate Action: Acquisition
Type: Update
Accession Number: 000113743925000778
Filing Summary: On June 18, 2025, it was announced that Macquarie Group Limited, along with affiliates and Nomura Holding America Inc., entered into an agreement for Nomura to acquire Macquarie Asset Management's US and European public investments business. The transaction will automatically terminate the investment advisory agreements of each Fund with Delaware Management Company (DMC). The Board of Trustees approved a new investment advisory agreement pending shareholder approval, which would take effect upon the closing of the transaction. Shareholders will receive proxy materials for a special meeting concerning the new agreement, expected to be mailed in late July 2025. The Board also sanctioned an interim agreement with DMC for investment advisory services that will last up to 150 days pending new agreement approval. Name changes for various funds were also approved to reflect the acquisition, changing from Macquarie to Nomura. Further details about the timing of the transaction's closing will be communicated in a future fund supplement. This document emphasizes the importance of reviewing the proxy statement once available, which will contain vital information about the new advisory agreement and the transaction.
Additional details:
Fund Name: Macquarie Asset Strategy Fund
New Name: Nomura Asset Strategy Fund
Fund Name: Macquarie Balanced Fund
New Name: Nomura Balanced Fund
Fund Name: Macquarie Climate Solutions Fund
New Name: Nomura Climate Solutions Fund
Fund Name: Macquarie Core Equity Fund
New Name: Nomura Core Equity Fund
Fund Name: Macquarie Corporate Bond Fund
New Name: Nomura Corporate Bond Fund
Fund Name: Macquarie Diversified Income Fund
New Name: Nomura Diversified Income Fund
Fund Name: Macquarie Emerging Markets Debt Corporate Fund
New Name: Nomura Emerging Markets Debt Corporate Fund
Fund Name: Macquarie Emerging Markets Fund
New Name: Nomura Emerging Markets Fund
Fund Name: Macquarie Extended Duration Bond Fund
New Name: Nomura Extended Duration Bond Fund
Fund Name: Macquarie Floating Rate Fund
New Name: Nomura Floating Rate Fund
Fund Name: Macquarie Global Allocation Fund
New Name: Nomura Global Allocation Fund
Fund Name: Macquarie Global Bond Fund
New Name: Nomura Global Bond Fund
Fund Name: Macquarie Global Growth Fund
New Name: Nomura Global Growth Fund
Fund Name: Macquarie Global Listed Real Assets Fund
New Name: Nomura Global Listed Real Assets Fund
Fund Name: Macquarie Growth and Income Fund
New Name: Nomura Growth and Income Fund
Fund Name: Macquarie Healthcare Fund
New Name: Nomura Healthcare Fund
Fund Name: Macquarie High Income Fund
New Name: Nomura High Income Fund
Fund Name: Macquarie International Core Equity Fund
New Name: Nomura International Core Equity Fund
Fund Name: Macquarie Large Cap Growth Fund
New Name: Nomura Large Cap Growth Fund
Fund Name: Macquarie Limited-Term Diversified Income Fund
New Name: Nomura Limited-Term Diversified Income Fund
Fund Name: Macquarie Mid Cap Growth Fund
New Name: Nomura Mid Cap Growth Fund
Fund Name: Macquarie Mid Cap Income Opportunities Fund
New Name: Nomura Mid Cap Income Opportunities Fund
Fund Name: Macquarie Minnesota High-Yield Municipal Bond Fund
New Name: Nomura Minnesota High-Yield Municipal Bond Fund
Fund Name: Macquarie National High-Yield Municipal Bond Fund
New Name: Nomura National High-Yield Municipal Bond Fund
Fund Name: Macquarie Natural Resources Fund
New Name: Nomura Natural Resources Fund
Fund Name: Macquarie Opportunity Fund
New Name: Nomura Opportunity Fund
Fund Name: Macquarie Real Estate Securities Fund
New Name: Nomura Real Estate Securities Fund
Fund Name: Macquarie Science and Technology Fund
New Name: Nomura Science and Technology Fund
Fund Name: Macquarie Small Cap Core Fund
New Name: Nomura Small Cap Core Fund
Fund Name: Macquarie Small Cap Growth Fund
New Name: Nomura Small Cap Growth Fund
Fund Name: Macquarie Small Cap Value Fund
New Name: Nomura Small Cap Value Fund
Fund Name: Macquarie Smid Cap Core Fund
New Name: Nomura Smid Cap Core Fund
Fund Name: Macquarie Strategic Income Fund
New Name: Nomura Strategic Income Fund
Fund Name: Macquarie Systematic Emerging Markets Equity Fund
New Name: Nomura Systematic Emerging Markets Equity Fund
Fund Name: Macquarie Tax-Free California Fund
New Name: Nomura Tax-Free California Fund
Fund Name: Macquarie Tax-Free Colorado Fund
New Name: Nomura Tax-Free Colorado Fund
Fund Name: Macquarie Tax-Free Idaho Fund
New Name: Nomura Tax-Free Idaho Fund
Fund Name: Macquarie Tax-Free Minnesota Fund
New Name: Nomura Tax-Free Minnesota Fund
Fund Name: Macquarie Tax-Free New York Fund
New Name: Nomura Tax-Free New York Fund
Fund Name: Macquarie Tax-Free Oregon Fund
New Name: Nomura Tax-Free Oregon Fund
Fund Name: Macquarie Tax-Free Pennsylvania Fund
New Name: Nomura Tax-Free Pennsylvania Fund
Fund Name: Macquarie Tax-Free USA Fund
New Name: Nomura Tax-Free USA Fund
Fund Name: Macquarie Tax-Free USA Intermediate Fund
New Name: Nomura Tax-Free USA Intermediate Fund
Fund Name: Macquarie Ultrashort Fund
New Name: Nomura Ultrashort Fund
Fund Name: Macquarie Value Fund
New Name: Nomura Value Fund
Fund Name: Macquarie Wealth Builder Fund
New Name: Nomura Wealth Builder Fund
Fund Name: Macquarie VIP Asset Strategy Series
New Name: Nomura VIP Asset Strategy Series
Fund Name: Macquarie VIP Balanced Series
New Name: Nomura VIP Balanced Series
Fund Name: Macquarie VIP Core Equity Series
New Name: Nomura VIP Core Equity Series
Fund Name: Macquarie VIP Corporate Bond Series
New Name: Nomura VIP Corporate Bond Series
Fund Name: Macquarie VIP Emerging Markets Series
New Name: Nomura VIP Emerging Markets Series
Fund Name: Macquarie VIP Energy Series
New Name: Nomura VIP Energy Series
Fund Name: Macquarie VIP Fund for Income Series
New Name: Nomura VIP Fund for Income Series
Fund Name: Macquarie VIP Global Growth Series
New Name: Nomura VIP Global Growth Series
Fund Name: Macquarie VIP Growth and Income Series
New Name: Nomura VIP Growth and Income Series
Fund Name: Macquarie VIP Growth Equity Series
New Name: Nomura VIP Growth Equity Series
Fund Name: Macquarie VIP Growth Series
New Name: Nomura VIP Growth Series
Fund Name: Macquarie VIP High Income Series
New Name: Nomura VIP High Income Series
Fund Name: Macquarie VIP International Core Equity Series
New Name: Nomura VIP International Core Equity Series
Fund Name: Macquarie VIP Investment Grade Series
New Name: Nomura VIP Investment Grade Series
Fund Name: Macquarie VIP Limited Duration Bond Series
New Name: Nomura VIP Limited Duration Bond Series
Fund Name: Macquarie VIP Limited-Term Bond Series
New Name: Nomura VIP Limited-Term Bond Series
Fund Name: Macquarie VIP Mid Cap Growth Series
New Name: Nomura VIP Mid Cap Growth Series
Fund Name: Macquarie VIP Natural Resources Series
New Name: Nomura VIP Natural Resources Series
Fund Name: Macquarie VIP Opportunity Series
New Name: Nomura VIP Opportunity Series
Fund Name: Macquarie VIP Pathfinder Aggressive Series
New Name: Nomura VIP Pathfinder Aggressive Series
Fund Name: Macquarie VIP Pathfinder Conservative Series
New Name: Nomura VIP Pathfinder Conservative Series
Fund Name: Macquarie VIP Pathfinder Moderate Series
New Name: Nomura VIP Pathfinder Moderate Series
Fund Name: Macquarie VIP Pathfinder Moderately Aggressive Series
New Name: Nomura VIP Pathfinder Moderately Aggressive Series
Fund Name: Macquarie VIP Pathfinder Moderately Conservative Series
New Name: Nomura VIP Pathfinder Moderately Conservative Series
Fund Name: Macquarie VIP Pathfinder Moderately Aggressive - Managed Volatility Series
New Name: Nomura VIP Pathfinder Moderately Aggressive - Managed Volatility Series
Fund Name: Macquarie VIP Pathfinder Moderately Conservative - Managed Volatility Series
New Name: Nomura VIP Pathfinder Moderately Conservative - Managed Volatility Series
Fund Name: Macquarie VIP Pathfinder Moderate - Managed Volatility Series
New Name: Nomura VIP Pathfinder Moderate - Managed Volatility Series
Fund Name: Macquarie VIP Science and Technology Series
New Name: Nomura VIP Science and Technology Series
Fund Name: Macquarie VIP Small Cap Growth Series
New Name: Nomura VIP Small Cap Growth Series
Fund Name: Macquarie VIP Small Cap Value Series
New Name: Nomura VIP Small Cap Value Series
Fund Name: Macquarie VIP Smid Cap Core Series
New Name: Nomura VIP Smid Cap Core Series
Fund Name: Macquarie VIP Total Return Series
New Name: Nomura VIP Total Return Series
Fund Name: Macquarie VIP Value Series
New Name: Nomura VIP Value Series
Form Type: 497K
Filing Date: 2025-04-21
Corporate Action: Acquisition
Type: New
Accession Number: 000113743925000311
Filing Summary: On April 21, 2025, Macquarie Group Limited, the parent company of Delaware Management Company (DMC), announced an agreement with Nomura Holding America Inc. for Nomura to acquire the US and European public investments asset management business of Macquarie Asset Management. The transaction is contingent on customary closing conditions, including regulatory approvals, and is expected to be finalized by the end of October 2025. The completion will automatically terminate each Fund's investment advisory agreement with DMC and require the Fund's Board of Trustees to approve new investment advisory and sub-advisory agreements. If these are approved, they will take effect upon the transaction's closure. Investors are advised to consult tax professionals regarding any tax implications.
Additional details:
Investment Advisory Agreement Status: terminating
Expected Closing Date: 2025-10-31
Form Type: 497K
Filing Date: 2025-04-21
Corporate Action: Acquisition
Type: New
Accession Number: 000113743925000354
Filing Summary: On April 21, 2025, Macquarie Group Limited, the parent company of Delaware Management Company (DMC), along with its affiliates and Nomura Holding America Inc. (Nomura), announced an agreement for Nomura to acquire the US and European public investments asset management business of Macquarie Asset Management. The transaction is subject to customary closing conditions, including regulatory approvals, and is anticipated to close by the end of October 2025. The closing of the transaction will automatically terminate each Fund's investment advisory agreement with DMC, prompting the Fund's Board of Trustees to seek approval for new investment advisory and sub-advisory agreements. If the Board approves these new agreements, they will be presented to Fund shareholders for their approval, taking effect upon the transaction's completion.
Additional details:
Investment Advisory Agreement Termination: Automatic termination upon closing of acquisition
Anticipated Closing Date: End of October 2025
New Agreement Approval Process: Board approval required, followed by shareholder approval
Parent Company: Macquarie Group Limited
Sub Advisory Agreement Termination: Applicable agreements will be terminated upon closing
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