Market Overview

Shareholders Re-Elect Delaware Enhanced Global Dividend and Income Fund's Board of Trustees and Reject Hedge Fund's Proposal at Annual Meeting


Delaware Enhanced Global Dividend and Income Fund (NYSE:DEX) (the
"Fund") today announced that its shareholders voted 1) to re-elect the
Fund's current Board of Trustees, defeating the nominees proposed by
hedge fund Saba Capital Management, L.P. ("Saba"), and 2) against a
shareholder proposal submitted by Saba.

The final tabulation of votes, as certified by the independent inspector
of elections, will be published in the Fund's next report to

The Fund has previously announced a tender offer to purchase for cash up
to 3,165,810 shares of its common stock, representing 20 percent of the
Fund's issued and outstanding shares of common stock, without par value,
that will commence on September 28, 2018. The tender offer will expire
on October 26, 2018, unless extended. 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 number of shares which 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 then current net asset value per share will be
available by telephone at 888 605-8334 or on the Fund's website at

Shareholders are advised to read the offer to purchase when it
becomes available because it will contain important information. The
offer to purchase and other documents to be 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.

As previously announced, the Fund's Board of Trustees has also
authorized the implementation of an annual tender offer measurement
period to provide an annual potential liquidity opportunity to
shareholders. Specifically, commencing in 2019, if the Fund's average
trading price is more than 10% below the corresponding net asset value
per share as of the last trading day in each week during a 12-week
measurement period established each year by the Board and ending in the
second calendar quarter of the year, the Fund will conduct an additional
tender offer for Fund shares.

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 returns 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 its
cash distributions 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, from
a return of capital. Even though the Fund may realize current year
capital gains, such gains may be offset, in whole or in part, by any
capital loss carryovers from prior years. Shareholders should not draw
any conclusions about the Fund's investment performance from the amount
of any distributions or from the terms of the Fund's policy.

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 calculates 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.

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, OTC: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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