M&A - VOYAGEUR MUTUAL FUNDS

Form Type: 497K

Filing Date: 2025-04-21

Corporate Action: Acquisition

Type: New

Accession Number: 000113743925000382

Filing Summary: On April 21, 2025, Macquarie Group Limited, the parent company of Delaware Management Company (DMC), announced that they, along with certain affiliates and Nomura Holding America Inc., entered into 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 automatically terminate each Fund’s investment advisory agreement with DMC, necessitating the Fund’s Board of Trustees to approve new investment advisory agreements prior to the transaction's closure. Shareholder approval for these agreements is also anticipated following Board approval.

Form Type: 497K

Filing Date: 2025-04-21

Corporate Action: Acquisition

Type: New

Accession Number: 000113743925000383

Filing Summary: On April 21, 2025, Macquarie Group Limited, through its subsidiary Delaware Management Company (DMC), along with 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 contingent upon customary closing conditions and regulatory approvals, with a target closure date by the end of October 2025. Following the transaction, the investment advisory agreements of the Funds with DMC will be automatically terminated, necessitating new agreements to be approved by the Funds' Board of Trustees and subsequently presented to shareholders for approval. Investors are advised to consult tax professionals regarding potential tax implications of their investments.

Form Type: 497K

Filing Date: 2025-04-21

Corporate Action: Acquisition

Type: New

Accession Number: 000113743925000384

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 and the receipt of applicable regulatory approvals, with an expected closing date by the end of October 2025. The transaction will lead to the automatic termination of each Fund's investment advisory agreement with DMC, necessitating Board approval for new investment advisory agreements. Shareholder approval for these agreements will be sought if they are approved by the Board.

Form Type: 497K

Filing Date: 2025-04-21

Corporate Action: Acquisition

Type: New

Accession Number: 000113743925000385

Filing Summary: On April 21, 2025, Macquarie Group Limited and Nomura Holding America Inc. announced they had 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 regulatory approvals, and is anticipated to close by the end of October 2025. The acquisition will automatically terminate each Fund’s investment advisory agreement with Delaware Management Company, prompting the Fund’s Board of Trustees to consider new investment advisory agreements for approval. If the Board approves the new agreements, they will subsequently be presented to Fund shareholders for approval, taking effect upon transaction closure.

Form Type: 497K

Filing Date: 2025-04-21

Corporate Action: Acquisition

Type: New

Accession Number: 000113743925000386

Filing Summary: On April 21, 2025, Macquarie Group Limited, the parent company of Delaware Management Company (DMC), announced that Nomura Holding America Inc. would acquire the US and European public investments asset management business of Macquarie Asset Management. The transaction will be subject to customary closing conditions and regulatory approvals, with an expected closing date by the end of October 2025. Following the transaction, DMC's investment advisory agreement and any applicable sub-advisory agreements will terminate, prompting the Board of Trustees to seek approval for new agreements, which would take effect upon closing. The document advises investors to consult tax professionals regarding potential tax implications associated with investments or distributions.