M&A - VOYAGEUR INSURED FUNDS

Form Type: 497K

Filing Date: 2025-02-13

Corporate Action: Merger

Type: New

Accession Number: 000113743925000067

Filing Summary: On February 11-13, 2025, the Boards of Trustees of Ivy Funds, Delaware Group Tax-Free Fund, and Voyageur Insured Funds approved an Agreement and Plan of Reorganization. This agreement involves the reorganization of each Acquired Fund into its corresponding Acquiring Fund. The Acquired Funds include the Macquarie Global Allocation Fund and the Macquarie Tax-Free Arizona Fund, which will be merged into the Macquarie Balanced Fund and Macquarie Tax-Free USA Fund, respectively. This includes the acquisition of all assets and liabilities of each Acquired Fund in exchange for shares of the Acquiring Fund, followed by liquidation and termination of the Acquired Funds. Shareholder approval is necessary, with a special meeting anticipated on May 6, 2025. If approved, reorganizations are expected to occur around June 6, 2025. Prior to the Reorganization Date, costs will be shared among the funds involved, and special provisions regarding sales charges and share purchases will apply.

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