OFFER BY
DELAWARE GROUP GLOBAL DIVIDEND AND INCOME FUND, INC.
TO PURCHASE FOR CASH
UP TO 10% OF ITS SHARES OF
COMMON STOCK
THE OFFER PERIOD AND WITHDRAWAL RIGHTS WILL EXPIRE AT
5:00 P.M., NEW YORK CITY TIME, ON JUNE 29, 2000 OR SUCH
LATER DATE TO WHICH THE OFFER IS EXTENDED ("EXPIRATION DATE")
THIS OFFER IS NOT CONDITIONED ON ANY MINIMUM NUMBER OF SHARES BEING
TENDERED, BUT IS SUBJECT TO OTHER CONDITIONS AS OUTLINED IN THE FUND'S OFFER
TO PURCHASE AND IN THE LETTER OF TRANSMITTAL
June 1, 2000
To Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees:
We are enclosing herewith the material listed below relating to the offer
of Delaware Group Global Dividend and Income Fund, Inc., a Maryland corporation
registered under the Investment Company Act of 1940, as amended, as a
closed-end, diversified management investment company (the "Fund"), to purchase
up to 10% of its outstanding shares of Common Stock, par value $0.01 (the
"Shares") upon the terms and subject to the conditions set forth in its Offer
to Purchase dated June 1, 2000 and in the related Letter of Transmittal (which
together constitute the "Offer"). The price to be paid for the Shares is an
amount per Share, net to the seller in cash, equal to 100% of the net asset
value per Share as determined by the Fund as of 4:00 p.m., New York City time,
on June 30, 2000, unless the Offer Period is extended beyond June 29, 2000.
WHEN TENDERING SHARES ON BEHALF OF YOUR CLIENTS, YOU WILL BE REQUIRED TO PAY,
ON BEHALF OF THOSE CLIENTS, A SERVICE FEE IN AN AMOUNT EQUAL TO $25.00 PER
CLIENT ACCOUNT. THE SERVICE FEE FOR A PARTICULAR CLIENT ACCOUNT WILL BE
RETURNED ONLY IN A CASE WHERE NONE OF THE SHARES TENDERED FOR THAT CLIENT
ACCOUNT HAVE BEEN ACCEPTED.
We are asking you to contact your clients for whom you hold Shares
registered in your name (or in the name of your nominee) or who hold Shares
registered in their own names. Please bring the Offer to their attention as
promptly as possible. No fees or commission will be payable to brokers, dealers
or other persons for soliciting tenders for Shares pursuant to the Offer. The
Fund will, however, upon request, reimburse you for reasonable and customary
mailing and handling expenses incurred by you in forwarding any of the enclosed
materials to your clients. The Fund will pay all transfer taxes on its purchase
of Shares, subject to Instruction 6, "Stock Transfer Taxes," of the Letter of
Transmittal. However, backup withholding at a 31% rate may be required unless
either an exemption is proved or the required taxpayer identification
information and certifications are provided. See Section 14, "Certain U.S.
Federal Income Tax Consequences," of the Offer to Purchase and Instruction 10,
"Backup Withholding," of the Letter of Transmittal.
For your information and for forwarding to your clients, we are enclosing
the following documents:
1. The Offer to Purchase dated June 1, 2000, which includes a letter to
shareholders from the President of the Fund;
2. The Letter of Transmittal for your use and to be provided to your clients;
3. Guidelines for Certification of Taxpayer Identification Number on Substitute
Form W-9;
4. Notice of Guaranteed Delivery;
5. Form of letter to clients which may be sent to your clients for whose
accounts you hold Shares registered in your name (or in the name of your
nominee); and
6. Return envelope addressed to the Depositary.
The Offer is not being made to, nor will the Fund accept tenders from,
holders of Shares in any State or other jurisdiction in which the Offer would
not be in compliance with the securities or Blue Sky laws of such jurisdiction.
As described in the Fund's Offer to Purchase under Section 2, "Procedure
for Tendering Shares," tenders may be made without the concurrent deposit of
Share certificates if (1) such tenders are made by or through a broker or
dealer that is a member firm of a registered national securities exchange or a
member of the National Association of Securities Dealers, Inc. or a commercial
bank or trust company having an office, branch, or agency in the United States;
(2) a Notice of Guaranteed Delivery is executed and delivered to the Depositary
prior to 5:00 p.m. on the Expiration Date; and (3) certificates for Shares (or
a confirmation of a book-entry transfer of such Shares into the Depositary's
account at a Book-Entry Transfer Facility (as defined in the Letter of
Transmittal)), together with a properly completed and duly executed Letter of
Transmittal (or, in the case of book-entry transfer, an Agent's Message, as
defined in Instruction 2 of the Letter of Transmittal), the $25.00 service fee
payable in respect of the Shares tendered and any other documents required by
the Letter of Transmittal, are received by the Depositary within three business
days after execution of a Notice of Guaranteed Delivery.
As described in the Offer, if more than 10% of the Fund's outstanding
Shares are duly tendered and not withdrawn prior to the Expiration Date, the
Fund will repurchase 10% of the Fund's outstanding Shares on a pro rata basis
upon the terms and subject to the conditions of the Offer.
NEITHER THE FUND NOR ITS BOARD OF DIRECTORS MAKES ANY RECOMMENDATION TO
ANY SHAREHOLDER AS TO WHETHER TO TENDER ALL OR ANY SHARES.
Additional copies of the enclosed material may be obtained from the
Depositary at the appropriate address and telephone number set forth in the
Fund's Offer to Purchase. Any questions you have with respect to the Offer
should be directed to the Depositary as its address and telephone numbers set
forth in the Offer to Purchase.
Very truly yours,
DELAWARE GROUP GLOBAL DIVIDEND AND INCOME FUND, INC.
[GRAPHIC OMITTED]
DAVID K. DOWNES
Director, Chief Executive Officer and President
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Nothing contained herein or in the enclosed documents shall constitute you or
any other person the agent of Delaware Group Global Dividend and Income Fund,
Inc. or the Depositary/Information Agent or authorize you or any other person
to make any statements or use any material on their behalf with respect to the
Offer, other than the material enclosed herewith and the statements
specifically set forth in such material.
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