M&A - DELAWARE GROUP LIMITED-TERM GOVERNMENT FUNDS

Form Type: 497K

Filing Date: 2025-04-21

Corporate Action: Acquisition

Type: New

Accession Number: 000113743925000307

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 transaction is contingent upon customary closing conditions and regulatory approvals, with an expected closing date by the end of October 2025. Upon closing, the investment advisory agreement with DMC will automatically terminate, necessitating approval of new advisory agreements by each Fund’s Board of Trustees. If approved, these new agreements will be presented to Fund shareholders. Investors are reminded to consult their tax professionals regarding potential tax implications related to investments in the funds.

Form Type: 497K

Filing Date: 2025-04-21

Corporate Action: Acquisition

Type: New

Accession Number: 000113743925000373

Filing Summary: On April 21, 2025, Macquarie Group Limited, the parent of Delaware Management Company (DMC), alongside certain 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 contingent upon customary closing conditions, including regulatory approvals, and is anticipated to conclude by the end of October 2025, which may change. Following the transaction's closure, the investment advisory agreement of each Fund with DMC will be automatically terminated, necessitating the approval of new investment advisory and sub-advisory agreements by the Board of Trustees. If the Board approves, these agreements will be presented to Fund shareholders for their consent, taking effect upon the transaction's closing. Investors are advised to consult tax professionals regarding any implications of investments or distributions due to the unique nature of their tax situations.