M&A - VOYAGEUR INSURED FUNDS

Form Type: 497K

Filing Date: 2025-05-06

Corporate Action: Merger

Type: New

Accession Number: 000113743925000494

Filing Summary: At the Special Shareholder Meeting held on May 6, 2025, shareholders of the Macquarie Tax-Free Arizona Fund approved a plan of reorganization (the 'Reorganization'). Under this plan, Macquarie Tax-Free Arizona Fund will merge into Macquarie Tax-Free USA Fund. The Reorganization will entail the acquisition of all assets and liabilities of the Acquired Fund, which will be exchanged for shares of the Acquiring Fund. Following this, the Acquired Fund will be liquidated and terminated. The Reorganization Date is scheduled for June 6, 2025, but there is a possibility of adjustment based on various circumstances. Prior to this date, the Acquired Fund will cease to accept new purchases and exchanges, although certain transactions like reinvested dividends will continue until the Reorganization Date.

Form Type: 497K

Filing Date: 2025-04-21

Corporate Action: Acquisition

Type: Update

Accession Number: 000113743925000381

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 and regulatory approvals, with an expected closing by the end of October 2025. The closing will lead to the automatic termination of investment advisory agreements with Delaware Management Company (DMC), necessitating new advisory agreements approved by the Fund's Board of Trustees and subsequently by Fund shareholders if conditions are met. Investors are advised to consult tax professionals regarding the tax implications of investments.

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.