M&A - VOYAGEUR TAX FREE FUNDS

Form Type: 497K

Filing Date: 2025-04-21

Corporate Action: Acquisition

Type: New

Accession Number: 000113743925000378

Filing Summary: On April 21, 2025, Macquarie Group Limited, 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 conditional on customary closing conditions, including regulatory approvals, with expectations to close by the end of October 2025. The closing will lead to the automatic termination of the Fund's investment advisory agreement with DMC, necessitating Board approval for new agreements contingent upon shareholder consent. Shareholders will be presented with the new investment advisory agreement once approved by the Board. Investors are advised to consult tax professionals regarding implications before investing.