FOR IMMEDIATE RELEASE
Contact: Tom Gariepy
215-255-1495
DELAWARE GROUP GLOBAL DIVIDEND AND INCOME FUND, INC.
ANNOUNCES RESULTS OF SELF-TENDER OFFER FOR 10% OF ITS SHARES
PHILADELPHIA, July 11, 2000 - Delaware Group Global
Dividend and Income Fund, Inc. (NYSE: DGF) announced today
the final results of its previously announced tender offer to
purchase for cash up to 665,065 shares of its common stock,
par value $0.01 per share, representing 10% of its issued and
outstanding shares of common stock. The tender offer
commenced on Thursday, June 1, 2000 and expired at 5:00 p.m.,
New York City time, on Thursday, June 29, 2000.
Based on a count by ChaseMellon Shareholders Services,
L.L.C., the depositary for the tender offer, approximately
1,319,295 shares of common stock were tendered and 665,065
shares have been accepted for purchase at a price equal to
$12.93, the Fund s net asset value per share as of 4:00 p.m.,
New York City time, on June 30, 2000. Since the tender offer
was oversubscribed, all tenders of shares are subject to
proration (at a ratio of approximately 0.504%) in accordance
with the terms of the tender offer.
Following the purchase of shares tendered, Delaware
Group Global Dividend and Income Fund, Inc. will have
approximately 5,985,581 shares of common stock outstanding.
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Delaware Group Global Dividend and Income Fund, Inc.,
which commenced operations in March 1994, is a closed-end
fund that invests at least 50% of its total assets in income-
generating equities, including common stocks and convertible
securities, of U.S. and foreign issuers. The balance of the
portfolio is typically invested in non-convertible debt
securities, consisting primarily of corporate and government
bonds of U.S. and foreign issuers. The Fund is a total
return vehicle whose primary objective is to seek high
current income. Capital appreciation is a secondary
objective.
Delaware Group Global Dividend and Income Fund, Inc. is
advised by Delaware Management Company, a series of Delaware
Management Business Trust, and is sub-advised by Delaware
International Advisers Ltd. As of June 30, 2000, Delaware
Management Business Trust and Delaware International Advisers
Ltd. managed approximately $28 billion and $15 billion,
respectively, in mutual funds and institutional accounts.
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