UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM N-PX ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANIES Investment Company Act File Number: 811-2071 Exact Name of Registrant as Specified in Charter: Delaware Group Income Funds Address of principal executive offices: 2005 Market Street Philadelphia, PA 19103 Name and address of agent for service: Richelle S. Maestro 2005 Market Street Philadelphia, PA 19103 Registrant's telephone number: (800) 523-1918 Date of fiscal year end: July 31 Date of reporting period: July 1, 2003 - June 30, 2004 ================================================================================ ITEM 1. PROXY VOTING RECORD. ========================= DELAWARE CORPORATE BOND FUND ========================= The Portfolio did not hold any underlying securities in which it was entitled to vote a proxy in regards to an issuer's shareholder meeting held during the period covered by this Form N-PX. Therefore, no proxy voting record is listed below for this Portfolio. =========================== DELAWARE DELCHESTER FUND =========================== ALAMOSA HOLDINGS, INC. Ticker: APCS Security ID: 011589207 Meeting Date: JUN 2, 2004 Meeting Type: Annual Record Date: APR 16, 2004 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Ray M. Clapp, Jr. For For Management 1.2 Elect Director John F. Otto, Jr. For For Management 1.3 Elect Director Jimmy R. White For For Management 2 Amend Employee Stock Purchase Plan For For Management 3 Ratify Auditors For For Management - -------------------------------------------------------------------------------- KMART HOLDING CORPORATION Ticker: KMRT Security ID: 498780105 Meeting Date: MAY 25, 2004 Meeting Type: Annual Record Date: MAR 26, 2004 # Proposal Mgt Rec Vote Cast Sponsor 1 Ratify Auditors For For Management 2 Approve Bundled Compensation Plans For For Management - -------------------------------------------------------------------------------- PETROLEUM GEO-SERVICES ASA Ticker: PGOGY Security ID: 716599105 Meeting Date: JUN 30, 2004 Meeting Type: Annual Record Date: MAY 26, 2004 # Proposal Mgt Rec Vote Cast Sponsor 1 APPROVAL OF THE ELECTION OF ONE PERSON TO For For Management COUNTERSIGN THE MINUTES. 2 APPROVAL OF THE AUDITORS FEE FOR 2003. For For Management 3 APPROVAL OF THE BOARD MEMBERS FEE FOR For For Management 2003. 4 APPROVAL OF THE PRINCIPLES FOR THE For For Management MEMBERS OF THE BOARD OF DIRECTORS FEE FOR THE PERIOD OCTOBER 16, 2003 TO OCTOBER 16, 2005. 5 APPROVAL OF THE INDEMNIFICATION OF BOARD For For Management MEMBERS. - -------------------------------------------------------------------------------- XM SATELLITE RADIO HOLDINGS INC. Ticker: XMSR Security ID: 983759101 Meeting Date: MAY 27, 2004 Meeting Type: Annual Record Date: APR 9, 2004 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Gary M. Parsons For For Management 1.2 Elect Director Hugh Panero For For Management 1.3 Elect Director Nathaniel A. Davis For For Management 1.4 Elect Director Thomas J. Donohue For For Management 1.5 Elect Director Thomas G. Elliott For Withhold Management 1.6 Elect Director George W. Haywood For For Management 1.7 Elect Director Chester A. Huber, Jr. For For Management 1.8 Elect Director Jarl Mohn For For Management 1.9 Elect Director Pierce J. Roberts, Jr. For For Management 1.10 Elect Director Jack Shaw For For Management ===================== DELAWARE EXTENDED DURATION BOND FUND ===================== The Portfolio did not hold any underlying securities in which it was entitled to vote a proxy in regards to an issuer's shareholder meeting held during the period covered by this Form N-PX. Therefore, no proxy voting record is listed below for this Portfolio. ==================== DELAWARE HIGH-YIELD OPPORTUNITIES FUND ==================== ALAMOSA HOLDINGS, INC. Ticker: APCS Security ID: 011589207 Meeting Date: JUN 2, 2004 Meeting Type: Annual Record Date: APR 16, 2004 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Ray M. Clapp, Jr. For For Management 1.2 Elect Director John F. Otto, Jr. For For Management 1.3 Elect Director Jimmy R. White For For Management 2 Amend Employee Stock Purchase Plan For For Management 3 Ratify Auditors For For Management - -------------------------------------------------------------------------------- KMART HOLDING CORPORATION Ticker: KMRT Security ID: 498780105 Meeting Date: MAY 25, 2004 Meeting Type: Annual Record Date: MAR 26, 2004 # Proposal Mgt Rec Vote Cast Sponsor 1 Ratify Auditors For For Management 2 Approve Bundled Compensation Plans For For Management - -------------------------------------------------------------------------------- PETROLEUM GEO-SERVICES ASA Ticker: PGOGY Security ID: 716599105 Meeting Date: JUN 30, 2004 Meeting Type: Annual Record Date: MAY 26, 2004 # Proposal Mgt Rec Vote Cast Sponsor 1 APPROVAL OF THE ELECTION OF ONE PERSON TO For For Management COUNTERSIGN THE MINUTES. 2 APPROVAL OF THE AUDITORS FEE FOR 2003. For For Management 3 APPROVAL OF THE BOARD MEMBERS FEE FOR For For Management 2003. 4 APPROVAL OF THE PRINCIPLES FOR THE For For Management MEMBERS OF THE BOARD OF DIRECTORS FEE FOR THE PERIOD OCTOBER 16, 2003 TO OCTOBER 16, 2005. 5 APPROVAL OF THE INDEMNIFICATION OF BOARD For For Management MEMBERS. - -------------------------------------------------------------------------------- XM SATELLITE RADIO HOLDINGS INC. Ticker: XMSR Security ID: 983759101 Meeting Date: MAY 27, 2004 Meeting Type: Annual Record Date: APR 9, 2004 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Gary M. Parsons For For Management 1.2 Elect Director Hugh Panero For For Management 1.3 Elect Director Nathaniel A. Davis For For Management 1.4 Elect Director Thomas J. Donohue For For Management 1.5 Elect Director Thomas G. Elliott For Withhold Management 1.6 Elect Director George W. Haywood For For Management 1.7 Elect Director Chester A. Huber, Jr. For For Management 1.8 Elect Director Jarl Mohn For For Management 1.9 Elect Director Pierce J. Roberts, Jr. For For Management 1.10 Elect Director Jack Shaw For For Management ================================================================================ SIGNATURES Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. DELAWARE GROUP INCOME FUNDS By: Jude T. Driscoll ------------------------ Name: Jude T. Driscoll Title: Chairman/President/Chief Executive Officer Date: August 27, 2004