Market Overview

Delaware Enhanced Global Dividend and Income Fund Announces Dates for Self-Tender Offer and Leading Proxy Advisory Firm Recommendations


Today, Delaware Enhanced Global Dividend and Income Fund (NYSE:DEX)
(the "Fund") established the dates for the tender offer announced in
late May 2018. The Fund's Board of Trustees had previously announced
that the Fund's tender offer for up to 20% of outstanding shares would
start in the third quarter. The tender offer will commence on September
28, 2018 and expire on October 26, 2018, unless extended. The Fund's
Board believes this tender offer will balance the needs of all investors
by providing additional liquidity without diminishing the Fund for those
investors who wish to remain invested.

The Fund also announced today that Institutional Shareholder Services,
Inc. and Glass Lewis, the nation's leading proxy advisory firms, have
each recently issued a report recommending that Fund shareholders vote
on the Fund's white proxy card for the Fund's Annual Meeting of
Shareholders to be held on August 22, 2018 as follows: (1) for
each of the Fund's Board nominees listed under Proposal 1; and (2) against
the shareholder proposal included as Proposal 2. For more information
about the Fund's Annual Meeting of Shareholders, please visit
or call 800 207-2872.

In March 2018, the Fund announced a change in its distribution
methodology and an increase in its distribution rate to 10% of its
average net asset value per share. The Fund also previously announced in
May 2018 that it would establish an annual, 12-week measurement period
to review the Fund's average discount level during that time period.
Beginning in 2019, if the Fund's average discount level during the
measurement period exceeds 10%, then the Fund will conduct a limited
tender offer to address the Fund's then prevailing discount.

About the Tender Offer

The Fund's issuer tender offer will purchase for cash up to 3,165,810 of
its shares, representing 20 percent of its issued and outstanding shares
of beneficial interest, without par value, will commence on Friday,
September 28, 2018, and will expire, unless extended, at 11:59 p.m., New
York City time, on Friday, October 26, 2018. Subject to various terms
and conditions described in offering materials to be distributed to
shareholders: (1) purchases will be made at a price per share equal to
98% of the Fund's net asset value per share as of the close of trading
on the first business day after the expiration of the offer; and (2) if
more shares are tendered than the amount the Board has authorized to
purchase, the Fund will purchase a number of shares equal to the offer
amount on a prorated basis. During the pendency of the tender offer, the
current net asset value per share will be available by telephone at 888
605-8334 or on the Fund's website at

About DEX

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; and (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) the Fund may invest 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.

Currently under the Fund's managed distribution policy, the Fund makes
monthly distributions to common shareholders at a targeted annual
distribution rate of 10% of the Fund's average net asset value ("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 10% 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 the 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.

Shareholders are advised to read the offer to purchase when it is
available as it contains important information. The offer to purchase
and other documents filed by the Fund with the Securities and Exchange
Commission, including the Fund's annual report for the fiscal year ended
November 30, 2017, will be available without cost at the Commission's
web site (
or by calling the Fund's Information Agent at 866 437-0252.

About Macquarie Investment Management

Macquarie Investment Management, a member of Macquarie Group, includes
the former Delaware Investments and is a global asset manager with
offices throughout 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, OOTC: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 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.

© 2018 Macquarie Management Holdings, Inc.

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