Delaware Enhanced Global Dividend and Income Fund Announces Distributions

Rhea-AI Summary

The Delaware Enhanced Global Dividend and Income Fund (DEX) has announced a monthly distribution of $0.0657 per share, payable on October 29, 2021, to shareholders on record as of October 22, 2021. The Fund aims for current income and capital appreciation through investments in dividend-paying securities across various asset classes, including equities and real estate. It utilizes a managed distribution policy targeting a 7.0% annual distribution rate based on average NAV. Shareholders should note that distributions may include returns of capital, which do not reflect performance.

Positive

• Monthly distribution of $0.0657 per share supports income generation for shareholders.
• Managed distribution policy targets a 7.0% annual distribution rate, providing a consistent income stream.

Negative

• Return of capital may be included in distributions, which does not indicate investment performance.
• There is no assurance the Fund will achieve its investment objectives.

PHILADELPHIA--(BUSINESS WIRE)-- Today, Delaware Enhanced Global Dividend and Income Fund (the “Fund”), a New York Stock Exchange–listed closed-end fund trading under the symbol “DEX,” declared a monthly distribution of $0.0657 per share. The monthly distribution is payable October 29, 2021, to shareholders of record at the close of business on October 22, 2021. The ex-dividend date will be October 21, 2021.

The Fund's primary investment objective is to seek current income, with a secondary objective of capital appreciation. The Fund invests globally in dividend-paying or income-generating securities across multiple asset classes, including but not limited to: equity securities of large, well-established companies; securities issued by real estate companies (including real estate investment trusts and real estate industry operating companies); debt securities (such as government bonds; investment grade and high risk, high yield corporate bonds; and convertible bonds); and emerging market securities. The Fund also uses enhanced income strategies by engaging in dividend capture trading; option overwriting; and realization of gains on the sale of securities, dividend growth, and currency forwards. There is no assurance that the Fund will achieve its investment objectives.

Under normal market conditions, the Fund will invest: (1) at most 60% of its net assets in securities of U.S. issuers; (2) at least 40% of its net assets in securities of non-U.S. issuers, unless market conditions are not deemed favorable by the Manager, in which case, the Fund would invest at least 30% of its net assets in securities of non-U.S. issuers; and 3) up to 25% of its net assets in securities issued by real estate companies (including real estate investment trusts and real estate industry operating companies). In addition, the Fund utilizes leveraging techniques in an attempt to obtain higher return for the Fund.

The Fund has implemented a managed distribution policy. Under the policy, the Fund is managed with a goal of generating as much of the distribution as possible from net investment income and short-term capital gains. The balance of the distribution will then come from long-term capital gains to the extent permitted, and if necessary, a return of capital. A return of capital may occur for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with ‘yield’ or ‘income.’ Even though the Fund may realize current year capital gains, such gains may be offset, in whole or in part, by the Fund’s capital loss carryovers from prior years.

Under the Fund’s managed distribution policy, the Fund makes monthly distributions to common shareholders at a targeted annual distribution rate of 7.0% of the Fund’s average NAV per share. The Fund will calculate the average NAV per share from the previous three full months immediately prior to the distribution based on the number of business days in those three months on which the NAV is calculated. The distribution will be calculated as 7.0% of the prior three month’s average NAV per share, divided by 12. The Fund will generally distribute amounts necessary to satisfy the Fund’s managed distribution policy and the requirements prescribed by excise tax rules and Subchapter M of the Internal Revenue Code. This distribution methodology is intended to provide shareholders with a consistent, but not guaranteed, income stream and a targeted annual distribution rate and is intended to narrow any discount between the market price and the NAV of the Fund’s common shares, but there is no assurance that the policy will be successful in doing so. The methodology for determining monthly distributions under the Fund’s managed distribution policy will be reviewed at least annually by the Fund’s Board of Trustees, and the Fund will continue to evaluate its distribution in light of ongoing market conditions.

You should not draw any conclusions about the Fund's investment performance from the amount of this distribution or from the terms of the Fund's managed distribution policy. The amounts and sources of the Fund’s distributions to be reported will be estimates and will not be provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

About Macquarie Investment Management

Macquarie Investment Management, a member of Macquarie Group, is a global asset manager with offices in the United States, Europe, Asia, and Australia. As active managers, we prioritize autonomy and accountability at the team level in pursuit of opportunities that matter for clients. Macquarie Investment Management is supported by the resources of Macquarie Group (ASX: MQG; ADR: MQBKY), a global provider of asset management, investment, banking, financial and advisory services.

Advisory services are provided by Macquarie Investment Management Business Trust, a registered investment advisor. Macquarie Group refers to Macquarie Group Limited and its subsidiaries and affiliates worldwide. For more information about Delaware Funds by Macquarie^®, visit delawarefunds.com or call 800 523-1918.

Other than Macquarie Bank Limited (MBL), none of the entities referred to in this document are authorized deposit-taking institutions for the purposes of the Banking Act 1959 (Commonwealth of Australia). The obligations of these entities do not represent deposits or other liabilities of MBL, a subsidiary of Macquarie Group Limited and an affiliate of Macquarie Investment Management. MBL does not guarantee or otherwise provide assurance in respect of the obligations of these entities, unless noted otherwise.

© 2021 Macquarie Management Holdings, Inc.

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Investors

Computershare

866 437-0252

delawarefunds.com/closed-end

Media contacts

Daniela Palmieri

215 255-8878

Sarah Stein

212 231-0323

Source: Macquarie Investment Management

FAQ

What is the monthly distribution amount for DEX in October 2021?

The monthly distribution for DEX in October 2021 is $0.0657 per share.

When is the payment date for DEX's October 2021 distribution?

The payment date for DEX's October distribution is October 29, 2021.

What is the purpose of the managed distribution policy for DEX?

The managed distribution policy aims to generate consistent distributions for shareholders, targeting an annual rate of 7.0% based on average NAV.

What does it mean if DEX's distribution includes a return of capital?

A return of capital means that some of the money invested in the Fund is being paid back to shareholders, which does not reflect the Fund's investment performance.

What assets does the Delaware Enhanced Global Dividend and Income Fund invest in?

The Fund invests in dividend-paying securities across multiple asset classes, including equities, real estate, and debt securities.