M&A - Ivy Variable Insurance Portfolios

Form Type: 497K

Filing Date: 2025-04-21

Corporate Action: Acquisition

Type: New

Accession Number: 000113743925000308

Filing Summary: On April 21, 2025, Macquarie Group Limited and its affiliates, along with Nomura Holding America Inc., announced an agreement for Nomura to acquire the US and European public investments asset management business of Macquarie Asset Management. The acquisition is subject to customary closing conditions and regulatory approvals, with an expected closure by the end of October 2025. The transaction will lead to the automatic termination of investment advisory agreements with Delaware Management Company, prompting the Fund’s Board of Trustees to seek approval for a new investment advisory agreement and potentially new sub-advisory agreements to be presented to Fund shareholders upon completion of the deal.

Form Type: 497K

Filing Date: 2025-04-21

Corporate Action: Acquisition

Type: New

Accession Number: 000113743925000310

Filing Summary: On April 21, 2025, Macquarie Group Limited, the parent company of Delaware Management Company, along with certain affiliates and Nomura Holding America Inc., 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 and regulatory approvals, with an expected closing date by the end of October 2025. This acquisition will lead to the automatic termination of each Fund’s investment advisory agreement with DMC under the Investment Company Act of 1940. The Board of Trustees will be asked to approve new investment advisory and sub-advisory agreements, which will be presented to shareholders for approval upon the closing of the transaction. Stakeholders are cautioned to consult tax professionals regarding potential tax implications.

Form Type: 497K

Filing Date: 2025-04-21

Corporate Action: Acquisition

Type: New

Accession Number: 000113743925000312

Filing Summary: On April 21, 2025, Macquarie Group Limited, parent company of Delaware Management Company (DMC), alongside affiliates and Nomura Holding America Inc., announced an agreement for Nomura to acquire Macquarie Asset Management's US and European public investments asset management business. The transaction is contingent upon customary closing conditions, including regulatory approvals, and is anticipated to conclude by the end of October 2025. The closing will result in the automatic termination of the investment advisory agreement with DMC and require approval from each Fund’s Board for new advisory and sub-advisory agreements, to be presented to Fund shareholders. The document also emphasizes the importance of consulting tax professionals regarding investment ramifications and clarifies that none of the involved entities are authorized deposit-taking institutions under Australian law.

Form Type: 497K

Filing Date: 2025-04-21

Corporate Action: Acquisition

Type: Update

Accession Number: 000113743925000313

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 completion of the transaction is contingent upon customary closing conditions, including regulatory approvals, and is anticipated to close by the end of October 2025. This acquisition will result in the automatic termination of the investment advisory agreement for each Fund with DMC, prompting the Funds' Board of Trustees to approve new investment advisory agreements. These new agreements, pending Board approval, will be presented to Fund shareholders for their approval and will take effect upon the acquisition's closure.

Form Type: 497K

Filing Date: 2025-04-21

Corporate Action: Acquisition

Type: New

Accession Number: 000113743925000315

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 pending customary closing conditions and regulatory approvals, expected to close by the end of October 2025. This acquisition will lead to the automatic termination of each Fund’s investment advisory agreement with DMC, necessitating Board approval of new agreements. Shareholder approval will also be sought post-Board approval for the new investment advisory agreement following the transaction's closure. Investors are advised to consult tax professionals regarding the tax implications of their investments.

Form Type: 497K

Filing Date: 2025-04-21

Corporate Action: Acquisition

Type: New

Accession Number: 000113743925000317

Filing Summary: On April 21, 2025, Macquarie Group Limited, the parent company of Delaware Management Company, 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 on customary closing conditions and regulatory approvals, with an expected closing by the end of October 2025. Under the Investment Company Act of 1940, this acquisition will lead to the automatic termination of each Fund's investment advisory agreement with DMC, prompting the Fund's Board of Trustees to propose new investment advisory and sub-advisory agreements for approval by Fund shareholders. Investors are advised to consult tax professionals regarding potential tax consequences related to investments.

Form Type: 497K

Filing Date: 2025-04-21

Corporate Action: Acquisition

Type: New

Accession Number: 000113743925000319

Filing Summary: On April 21, 2025, Macquarie Group Limited, along with certain affiliates and Nomura Holding America Inc., 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 and applicable regulatory approvals, with an expected closing date by the end of October 2025. The closing will automatically terminate each Fund’s investment advisory agreement with Delaware Management Company (DMC). Approval from each Fund’s Board of Trustees will be sought for a new investment advisory agreement, which will also need shareholder approval to take effect upon closing of the transaction.

Form Type: 497K

Filing Date: 2025-04-21

Corporate Action: Acquisition

Type: New

Accession Number: 000113743925000321

Filing Summary: On April 21, 2025, Macquarie Group Limited, the parent company of Delaware Management Company (DMC), entered into an agreement for Nomura Holding America Inc. to acquire Macquarie Asset Management's US and European public investments asset management business. The transaction is subject to customary closing conditions and regulatory approvals, with an expected closing by the end of October 2025. The closure will automatically terminate the investment advisory agreement and sub-advisory agreements for each Fund, requiring the Board of Trustees to approve new agreements. Shareholder approval will be sought for the new investment advisory agreement after Board approval. Tax implications should be consulted with a tax professional.

Form Type: 497K

Filing Date: 2025-04-21

Corporate Action: Acquisition

Type: New

Accession Number: 000113743925000322

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. This acquisition is subject to customary closing conditions, including the necessary regulatory approvals, and is expected to close by the end of October 2025, though this timeline is subject to change. The completion of the acquisition will automatically terminate each Fund’s investment advisory agreement with DMC, necessitating the approval of new investment advisory and sub-advisory agreements by the Funds' Board of Trustees. If the Board approves the new agreements, they will be presented to shareholders for approval and would take effect upon the transaction's closing. Investors are advised to consult their tax professionals regarding potential tax implications before making investments or acting on distribution checks. Delaware Management Company is a wholly owned subsidiary of Macquarie Group Limited, and none of the entities mentioned are authorized deposit-taking institutions under the Banking Act 1959 (Commonwealth of Australia). Macquarie Bank does not guarantee the obligations of these entities, and investment in the funds carries risks, including potential delays in repayment and loss of income and principal.

Form Type: 497K

Filing Date: 2025-04-21

Corporate Action: Acquisition

Type: New

Accession Number: 000113743925000324

Filing Summary: On April 21, 2025, Macquarie Group Limited and its affiliates, along with Nomura Holding America Inc., announced an agreement 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 close by the end of October 2025. Following the acquisition, the investment advisory agreements for each Macquarie fund will automatically terminate, necessitating the approval of new investment advisory agreements by the Board of Trustees and subsequently by Fund shareholders.

Form Type: 497K

Filing Date: 2025-04-21

Corporate Action: Acquisition

Type: New

Accession Number: 000113743925000326

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 subject to customary closing conditions, including regulatory approvals, and is expected to close by the end of October 2025. Upon closing, there will be an automatic termination of each Fund's investment advisory agreement with DMC, necessitating Board approval for new investment advisory agreements. Shareholders will also need to approve the new investment advisory agreement once presented by the Board.

Form Type: 497K

Filing Date: 2025-04-21

Corporate Action: Acquisition

Type: New

Accession Number: 000113743925000327

Filing Summary: On April 21, 2025, Macquarie Group Limited, along with its affiliates and Nomura Holding America Inc., announced an agreement for Nomura to acquire the US and European public investments asset management business of Macquarie Asset Management. This transaction is contingent upon customary closing conditions and applicable regulatory approvals, with an expected closing date by the end of October 2025, although this timeline may vary. Consequently, the closing of this transaction will lead to the automatic termination of investment advisory agreements with Delaware Management Company (DMC) for each Fund. The Board of Trustees for each Fund will need to approve new investment advisory and sub-advisory agreements, which, if approved, will be presented to Fund shareholders for final approval to take effect after the closing of the transaction.

Form Type: 497K

Filing Date: 2025-04-21

Corporate Action: Acquisition

Type: New

Accession Number: 000113743925000329

Filing Summary: On April 21, 2025, Macquarie Group Limited and Nomura Holding America Inc. 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 expected to close by the end of October 2025. The closing will result in the automatic termination of investment advisory agreements with Delaware Management Company, necessitating approval and re-establishment of these agreements by the Fund’s Board. The document also emphasizes the unique tax implications for investors and clarifies that the obligations of the entities involved do not represent deposits or liabilities of Macquarie Bank.

Form Type: 497K

Filing Date: 2025-04-21

Corporate Action: Acquisition

Type: New

Accession Number: 000113743925000331

Filing Summary: On April 21, 2025, Macquarie Group Limited, along with Delaware Management Company and certain affiliates, 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 conditional on customary closing conditions and regulatory approvals, with an anticipated closing date by the end of October 2025. Post-transaction, the investment advisory agreements with DMC will automatically terminate, necessitating Board approval for new agreements which will be presented to shareholders. Investors are advised to consult tax professionals regarding investment implications.

Form Type: 497K

Filing Date: 2025-04-21

Corporate Action: Acquisition

Type: New

Accession Number: 000113743925000333

Filing Summary: On April 21, 2025, Macquarie Group Limited, along with its affiliates and Nomura Holding America Inc., announced an agreement for Nomura to acquire the US and European public investments asset management business of Macquarie Asset Management. The acquisition is subject to customary closing conditions and regulatory approvals, with an expected closing by the end of October 2025. The transaction will lead to the automatic termination of the investment advisory agreement of each Fund with Delaware Management Company, necessitating Board approval for new agreements. Shareholder approval will also be required for these new agreements, which would take effect upon closing of the transaction. The document emphasizes the importance of consulting tax professionals regarding the potential tax ramifications of investments.

Form Type: 497K

Filing Date: 2025-04-21

Corporate Action: Acquisition

Type: New

Accession Number: 000113743925000335

Filing Summary: On April 21, 2025, Macquarie Group Limited, the parent company of Delaware Management Company (DMC), and Nomura Holding America Inc. announced an agreement for Nomura to acquire the US and European public investments asset management business of Macquarie Asset Management. The transaction is dependent on customary closing conditions, which include regulatory approvals, and is anticipated to be completed by the end of October 2025. Closing will lead to the automatic termination of the investment advisory agreements with DMC. Consequently, each Fund's Board of Trustees will need to approve new investment advisory and sub-advisory agreements, which will be submitted to Fund shareholders for approval if the Board approves them. Investors are advised to consult tax professionals regarding any tax implications related to the investment and distribution checks.

Form Type: 497K

Filing Date: 2025-04-21

Corporate Action: Acquisition

Type: New

Accession Number: 000113743925000337

Filing Summary: On April 21, 2025, Macquarie Group Limited, along with its affiliates and Nomura Holding America Inc., 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 and regulatory approvals, and it is expected to close by the end of October 2025. The closing will automatically terminate each Fund’s investment advisory agreement with Delaware Management Company, requiring the Fund’s Board of Trustees to approve new investment advisory and sub-advisory agreements to continue operations. Shareholder approval for the new agreements will also be sought upon closing.

Form Type: 497K

Filing Date: 2025-04-21

Corporate Action: Acquisition

Type: New

Accession Number: 000113743925000338

Filing Summary: On April 21, 2025, Macquarie Group Limited, along with Delaware Management Company (DMC) and certain affiliates, 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, including obtaining necessary regulatory approvals, and is expected to close by the end of October 2025. Following the transaction, the investment advisory agreement between each Fund and DMC will automatically terminate, prompting the Board of Trustees to seek approval for new investment advisory and sub-advisory agreements. Fund shareholders will also be presented with these new agreements for their approval.

Form Type: 497K

Filing Date: 2025-04-21

Corporate Action: Acquisition

Type: New

Accession Number: 000113743925000340

Filing Summary: On April 21, 2025, Macquarie Group Limited, the parent company of Delaware Management Company (DMC), and Nomura Holding America Inc. 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 expected to close by the end of October 2025. The closing of the transaction will result in the automatic termination of each Fund’s investment advisory agreement with DMC and related sub-advisory agreements. The Board of Trustees will consider new investment advisory agreements to be approved by Fund shareholders upon the completion of the transaction. Investors are advised to consult tax professionals regarding potential tax consequences. The document emphasizes that investments carry risks, including the possibility of delays in repayment and loss of principal.

Form Type: 497K

Filing Date: 2025-04-21

Corporate Action: Acquisition

Type: New

Accession Number: 000113743925000342

Filing Summary: On April 21, 2025, Macquarie Group Limited, with its affiliate 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 acquisition is subject to customary closing conditions and regulatory approvals, with an expected closing date by the end of October 2025. The agreement results in the automatic termination of each Fund's investment advisory agreement with DMC under the Investment Company Act of 1940. Following this, Fund's Board of Trustees will seek approval for a new investment advisory agreement, which will be presented to shareholders upon the transaction's closing.

Form Type: 497K

Filing Date: 2025-04-21

Corporate Action: Acquisition

Type: New

Accession Number: 000113743925000344

Filing Summary: On April 21, 2025, Macquarie Group Limited, along with Delaware Management Company and certain affiliates, announced an agreement for Nomura Holding America Inc. to acquire Macquarie Asset Management's US and European public investments asset management business. The transaction is subject to 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 for each Fund will automatically terminate, necessitating the approval of new advisory agreements by the Fund's Board of Trustees and shareholders. Investors are advised to consult with tax professionals regarding potential tax consequences related to their investments.

Form Type: 497K

Filing Date: 2025-04-21

Corporate Action: Acquisition

Type: New

Accession Number: 000113743925000346

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 subject to regulatory approvals and customary closing conditions, and is expected to close by the end of October 2025. Following this transaction, each Fund’s investment advisory agreement with DMC will automatically terminate, necessitating the Board of Trustees to approve new investment advisory and sub-advisory agreements. If approved by the Board, the new agreements will be presented to Fund shareholders for their approval, taking effect upon the closing of the transaction. Shareholders are advised to consult tax professionals regarding investment consequences before making decisions.

Form Type: 497K

Filing Date: 2025-04-21

Corporate Action: Acquisition

Type: New

Accession Number: 000113743925000348

Filing Summary: On April 21, 2025, Macquarie Group Limited, the parent company of Delaware Management Company (DMC), entered into an agreement for Nomura Holding America Inc. to acquire the US and European public investments asset management business of Macquarie Asset Management. The acquisition is subject to customary closing conditions including regulatory approvals and is expected to close by the end of October 2025. As a result of this transaction, the investment advisory agreements with DMC will automatically terminate under the Investment Company Act of 1940. The Board of Trustees for each Fund will need to approve new investment advisory agreements, which will be presented to shareholders for their approval following the closing of the transaction.

Form Type: 497K

Filing Date: 2025-04-21

Corporate Action: Acquisition

Type: New

Accession Number: 000113743925000350

Filing Summary: On April 21, 2025, Macquarie Group Limited announced an agreement for Nomura Holding America Inc. to acquire the U.S. and European public investments asset management business of Macquarie Asset Management. The transaction is contingent on customary closing conditions and the receipt of applicable regulatory approvals, with an expected closing date by the end of October 2025. Should the transaction close, it will automatically terminate each Fund's investment advisory agreement with Delaware Management Company (DMC) and necessitate board approval for new investment advisory agreements. Shareholders will vote on the new agreements once approved by the Board of Trustees. It is important for investors to consult tax professionals regarding potential consequences of the investment.