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
[X] Definitive Additional Materials
[ ] Soliciting Material Pursuant to Sec. 240.14a-12
Delaware Investments Global Dividend and Income Fund, Inc.
- --------------------------------------------------------------------------------
(Name of Registrant as Specified In Its Charter)
- --------------------------------------------------------------------------------
(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):
4. Proposed maximum aggregate value of transaction:
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:
------------------------------------------------------------------------
2) Form, Schedule or Registration Statement No.:
------------------------------------------------------------------------
3) Filing Party:
------------------------------------------------------------------------
4) Date Filed:
------------------------------------------------------------------------
DELAWARE
INVESTMENTS(R)
- ------------------------------------
A MEMBER OF LINCOLN FINANCIAL GROUP
2005 Market Street
Philadelphia, PA 19103-7094
FOR IMMEDIATE RELEASE
Contact: Ayele Ajavon Laurel O'Brien
Corporate Communications Corporate Communications
Delaware Investments Delaware Investments
215-255-1632 215-255-1520
aajavon@delinvest.com lobrien@delinvest.com
DELAWARE INVESTMENTS GLOBAL DIVIDEND AND INCOME FUND, INC.
ANNOUNCES ELECTION OF PATRICK P. COYNE AS PRESIDENT
AND CHIEF EXECUTIVE OFFICER OF THE FUND AND ADDITIONAL
INFORMATION RELATED TO ITS UPCOMING ANNUAL MEETING
PHILADELPHIA, AUGUST 1, 2006 - Delaware Investments Global Dividend and Income
Fund, Inc. (the "Fund"), a New York Stock Exchange listed closed-end fund
trading under the symbol "DGF," today announced that the Fund's Board of
Directors (the "Board") has elected Patrick P. Coyne as president and chief
executive officer of the Fund, effective August 1, 2006. Mr. Coyne has been with
Delaware Investments, the parent company of the Fund's investment manager, for
more than 17 years and is currently the firm's president. Mr. Coyne is also
president and chief executive officer of all funds in the Delaware
Investments(R) Family of Funds. The team responsible for managing the Fund's
assets remains in its role at Delaware Investments.
The Fund also announced additional information related to its upcoming Annual
Meeting of Shareholders (the "Meeting"). A Combined Proxy Statement dated July
10, 2006 (the "Proxy Statement") related to the Meeting was mailed to the Fund's
shareholders on or about July 12, 2006. The sole proposal to be presented to
shareholders at the Meeting is the election of the Board. Subsequent to the
mailing of the proxy materials, Jude T. Driscoll, a Director and one of the
nominees for election to the Board, resigned from the Board, effective August 1,
2006. As a result, Mr. Driscoll has withdrawn from the election described in the
Proxy Statement, and any votes received with respect to Mr. Driscoll will
therefore not be counted.
At a regularly scheduled meeting on August 16, 2006, the Board's Nominating
Committee is expected to recommend substituting Patrick P. Coyne for Mr.
Driscoll as a nominee for election to the Board and, if Mr. Coyne is recommended
by the Nominating Committee, the Board is expected to recommend Mr. Coyne as a
substitute nominee for election to the Board. As previously disclosed in the
Proxy Statement, in the case of the withdrawal of a nominee for election, the
power given by shareholders in the Proxy Card may be used by the persons named
as proxies to vote for a substitute nominee or nominees as recommended by the
existing Board. Accordingly, if Mr. Coyne is recommended by the Board as a
substitute nominee, the named proxies are expected to exercise their discretion
to vote for Mr. Coyne at the Meeting.
The Fund is a diversified, closed-end fund. The primary investment objective is
to seek high current income; capital appreciation is a secondary objective. The
Fund seeks to achieve its objectives by investing, under normal circumstances,
at least 50 percent of its total assets in income-generating equity securities,
including dividend-paying common stocks, convertible securities, preferred
stocks, and other equity-related securities of U.S. and foreign issuers. Up to
50 percent of the Fund's total assets may be invested in non-convertible debt
securities consisting primarily of government and high-yield, high-risk
corporate bonds of U.S. and foreign issuers.
Under normal market conditions, the Fund will invest at least 50 percent of its
total assets in securities of U.S. issuers and at least 20 percent of its total
assets in securities of foreign issuers. In addition, the Fund utilizes
leveraging techniques in an attempt to obtain higher return for the Fund. There
is no assurance that the Fund will achieve its investment objectives.
In 1995, the Fund implemented a managed distribution policy. Under the policy,
the Fund is managed with a goal of generating as much of the dividend as
possible from ordinary income (net investment income and short-term capital
gains). The balance of the dividend then comes from long-term capital gains and,
if necessary, a return of capital.
ABOUT DELAWARE INVESTMENTS:
Delaware Investments, an affiliate of Lincoln Financial Group, is a
Philadelphia-based diversified asset management firm with more than $120 billion
in assets under management as of March 31, 2006. Through a broad range of
managed accounts and portfolios, mutual funds, retirement accounts, sub-advised
funds, education savings plans and other investment products, Delaware
Investments provides investment services to individual investors and to
institutional investors such as private and public pension funds, foundations,
and endowment funds. Delaware Investments is the marketing name for Delaware
Management Holdings, Inc. and its subsidiaries. For more information on Delaware
Investments, visit the company at www.delawareinvestments.com. Lincoln Financial
Group is the marketing name for Lincoln National Corporation (NYSE: LNC) and its
affiliates. For more information on Lincoln Financial Group, visit www.lfg.com.
-- ## --