SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934
[X] Filed by the Registrant
[ ] Filed by a Party other than the Registrant
Check the appropriate box:
[ ] Preliminary Proxy Statement
[ ] Confidential, for Use of the Commission Only (as permitted
by Rule 14a-6(e)(2))
[ ] Definitive Proxy Statement
[ ] Definitive Additional Materials
[X] Soliciting Material Pursuant to Sec. 240.14a-12
Lincoln National Convertible Securities Fund, Inc.
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(Name of Registrant as Specified In Its Charter)
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(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check the appropriate box):
[X] No fee required.
[ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11.
1. Title of each class of securities to which transaction applies:
2. Aggregate number of securities to which transaction applies:
3. Per unit price or other underlying value of transaction computed
pursuant to Exchange Act Rule 0-11 (set forth the amount on which the
filing fee is calculated and state how it was determined):
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5. Total fee paid:
[ ] Fee paid previously with preliminary proxy materials.
[ ] Check box if any part of the fee is offset as provided by Exchange Act
Rule 0-11(a)(2) and identify the filing for which the offsetting fee was
paid previously. Identify the previous filing by registration statement
number, or the Form or Schedule and the date of its filing.
1) Amount Previously Paid:
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2) Form, Schedule or Registration Statement No.:
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FOR IMMEDIATE RELEASE
Contact: Tom Gariepy, Delaware Investments
(215) 255-1495
LINCOLN NATIONAL CONVERTIBLE SECURITIES
FUND, INC. TO RECONVENE ANNUAL MEETING FOR THE FINAL TIME ON JULY 24
PHILADELPHIA, PA, July 20, 2001 --- Lincoln National Convertible
Securities Fund, Inc. (NYSE:LNV) today announced that it would reconvene its
2001 Annual Meeting of Shareholders for the final time on Tuesday, July 24, 2001
at 4:00 p.m., local time. The reconvened meeting of shareholders will be held at
the offices of Stradley, Ronon, Stevens & Young, LLP, One Commerce Square, 2005
Market Street, 26th Floor Board Room, Philadelphia, PA.
As a Maryland corporation, the Fund is subject to a provision of the
Maryland General Corporation Law that limits the ability of a corporation to
adjourn shareholder meetings. Under Maryland law, a corporation may not adjourn
a shareholder meeting to a date more than 120 days after the record date for the
meeting. In accordance with this provision of Maryland law, which is also
reflected in the Fund's bylaws, July 24, 2001 is the last date on which the
Fund's 2001 Annual Meeting may be reconvened.
The Fund's Annual Meeting was initially convened on June 22, 2001, but
the Fund was forced to adjourn it several times since that date because the Fund
was unable to achieve a quorum. The Fund believes that its inability to achieve
a quorum is primarily attributable to the actions of professional dissident
Phillip Goldstein, who is soliciting proxies in opposition to the Fund's Board
of Directors. To date, Mr. Goldstein has deliberately failed to attend the
Annual Meeting and submit these proxies to the Independent Inspector of
Election, thereby disenfranchising shareholders who expected their votes to be
counted.
Shareholders are urged to support the Fund's dedicated and qualified
Directors by promptly returning their white proxy cards. Shareholders needing
assistance in voting should call D.F. King & Co., Inc. at 1-800-628-8536.
Lincoln National Convertible Securities Fund, Inc. is a closed-end,
diversified investment management company managed by Delaware Management
Company, a series of Delaware Management Business Trust. Delaware Management
Business Trust is a wholly-owned subsidiary of Lincoln National Corporation. The
Fund's primary objective is to provide a high level of total return through a
combination of capital appreciation and current income.
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