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The Delaware Ivy High Income Opportunities Fund (IVH) announced the completion of its asset acquisition by the abrdn Income Credit Strategies Fund (ACP) on March 10, 2023. The Reorganization was approved by shareholders at a meeting held on November 9, 2022. As of the Reorganization, the Net Asset Value (NAV) per share for IVH was $11.6110, with a conversion ratio of 1.615135. The Reorganization is a tax-free transaction, and shareholders will receive a Form 1099-DIV for 2023 tax reporting. IVH will be de-listed from the NYSE and dissolved. Shareholders may contact 800 522-5465 for inquiries regarding the exchange of shares.
The Delaware Ivy High Income Opportunities Fund (IVH) held a Special Meeting of Shareholders on November 9, 2022, where shareholders approved its reorganization into the abrdn Income Credit Strategies Fund (ACP). This proposal garnered 7,807,734 votes in favor (61.07% quorum), while 1,981,200 were against, and 330,168 abstained. The reorganization is expected to complete in Q1 2023, subject to customary conditions. The Acquired Fund primarily invests in high-yield corporate bonds and employs leverage to enhance returns.
The Delaware Ivy High Income Opportunities Fund (IVH) announced the approval of its reorganization into the abrdn Income Credit Strategies Fund (ACP). This transition is anticipated to finalize in Q1 2023, contingent upon shareholder approvals and customary closing conditions. Delaware Management Company manages IVH while Aberdeen Asset Managers Limited advises ACP. Shareholders are encouraged to review upcoming Proxy Statement/Prospectus documents for key information regarding the reorganization.
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