Delaware income funds may invest without limits in loan participations

By Susanna Moon

Chicago, Aug. 24 - Delaware Investments Dividend and Income Fund Inc. and Delaware Investments Global Dividend and Income Fund, Inc. may now invest without restriction in loan participations, according to a press release.

The investment authority was approved at a board meeting on Aug. 16.

The Delaware funds may invest in the loan participations that meet the credit standards established by the portfolio managers without restriction, according to the release.

The portfolio managers will perform credit analyses on the borrower and collateral securing the loans, examining the borrower's industry, assets and creditworthiness, the company said.

The funds may also invest in loan participations to enhance total return, to affect diversification or to earn additional income.

Delaware Investments, an affiliate of Lincoln Financial Group, is an asset management firm based in Philadelphia.

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