M&A - VOYAGEUR MUTUAL FUNDS II

Form Type: 497K

Filing Date: 2025-04-21

Corporate Action: Acquisition

Type: New

Accession Number: 000113743925000380

Filing Summary: On April 21, 2025, Macquarie Group Limited, along with its affiliate 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 and regulatory approvals and is anticipated to close by the end of October 2025. Following the transaction, the investment advisory agreement with DMC and any sub-advisory agreements will automatically terminate under the Investment Company Act of 1940. The Fund's Board of Trustees will need to approve a new investment advisory agreement, which, if approved by shareholders, would take effect upon the closing of the transaction. Stakeholders are advised to consult with tax professionals regarding implications of the investment.