M&A - Macquarie ETF Trust

Form Type: 497

Filing Date: 2025-04-21

Corporate Action: Acquisition

Type: New

Accession Number: 000120677425000234

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, including obtaining necessary regulatory approvals, and is expected to close by the end of October 2025, although this is subject to change. The closing of the transaction will automatically terminate each Fund's investment advisory agreement with Delaware Management Company, prompting the Board of Trustees to consider a new investment advisory agreement. This agreement will be subject to shareholder approval and will take effect upon the closing of the transaction.

Form Type: 497K

Filing Date: 2025-04-21

Corporate Action: Acquisition

Type: Update

Accession Number: 000120677425000235

Filing Summary: On April 21, 2025, Macquarie Group Limited, the parent of Delaware Management Company, alongside certain affiliates and Nomura Holding America Inc., announced their 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 necessary regulatory approvals. It is anticipated to close by the end of October 2025, though this timeline may change. Following this acquisition, the existing investment advisory agreements with DMC will automatically terminate, prompting the Board of Trustees to approve new investment advisory and sub-advisory agreements. If these new agreements receive Board approval, they will be presented to Fund shareholders for consideration just prior to the closing of the transaction.

Form Type: 497K

Filing Date: 2025-04-21

Corporate Action: Acquisition

Type: Update

Accession Number: 000120677425000236

Filing Summary: On April 21, 2025, Macquarie Group Limited, along with 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 contingent on customary closing conditions and regulatory approvals, with an expected closing by the end of October 2025. The completion of this transaction will lead to the automatic termination of the investment advisory agreements between DMC and the Funds, necessitating Board approval for new agreements. Shareholder approval will also be sought for these new agreements to take effect upon closing.

Form Type: 497K

Filing Date: 2025-04-21

Corporate Action: Acquisition

Type: New

Accession Number: 000120677425000237

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. This transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close by the end of October 2025, though this is subject to change. As a result of this acquisition, there will be an automatic termination of each Fund's investment advisory agreement with DMC under the Investment Company Act of 1940. Following this, the Board of Trustees will need to approve a new investment advisory agreement, which will then be presented to Fund shareholders for approval. This new agreement would take effect upon the transaction’s closing. Additionally, the document advises that investors should consult tax professionals regarding potential tax consequences related to investments in a fund or distribution checks.

Form Type: 497K

Filing Date: 2025-04-21

Corporate Action: Acquisition

Type: New

Accession Number: 000120677425000238

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 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 each Fund’s investment advisory agreement with DMC. A new investment advisory agreement will require Board approval and, if approved, will be presented to Fund shareholders to take effect upon transaction closing. There are no guarantees provided by any of the Macquarie entities regarding investments.

Form Type: 497K

Filing Date: 2025-04-21

Corporate Action: Acquisition

Type: New

Accession Number: 000120677425000239

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 the acquisition of the US and European public investments asset management business of Macquarie Asset Management. This acquisition is subject to customary closing conditions, including regulatory approvals, and is expected to close by the end of October 2025. The closing of this transaction will lead to the automatic termination of the investment advisory agreements for each fund managed by DMC, necessitating the approval of new advisory agreements by the Board of Trustees and the fund shareholders. Investors are advised to consult with tax professionals regarding the tax implications of their investments or distributions. The document also emphasizes that none of the Macquarie entities involved are authorized deposit-taking institutions and that investments carry inherent risks, including potential loss of principal and income.

Form Type: 497K

Filing Date: 2025-04-21

Corporate Action: Acquisition

Type: New

Accession Number: 000120677425000240

Filing Summary: On April 21, 2025, Macquarie Group Limited, the parent company of Delaware Management Company (DMC), announced that it, along with certain affiliates and Nomura Holding America Inc., has entered into 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 the receipt of necessary regulatory approvals, and is expected to finalize by the end of October 2025, though this timeline may change. If the transaction closes, it will automatically terminate each Fund’s investment advisory agreement with DMC, necessitating Board approval for new advisory agreements which, if approved, will be presented to Fund shareholders for their approval. The document contains important disclaimers regarding investment risks and the lack of guarantees by Macquarie Bank Limited regarding the performance of investments.