M&A - DELAWARE GROUP GOVERNMENT FUND

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.

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.