Current Distribution from:<\/b><\/p>\n<\/td>\n
\n\u00a0\n<\/p>\n<\/td>\n
\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n\u00a0\n<\/p>\n<\/td>\n
Per Share ($)<\/span><\/p>\n<\/td>\n
%<\/span><\/p>\n<\/td>\n<\/tr>\n \nNet Investment Income\n<\/p>\n<\/td>\n \n0.0033\n<\/p>\n<\/td>\n \n6.7%\n<\/p>\n<\/td>\n<\/tr>\n \nNet Realized Short-Term Capital Gain\n<\/p>\n<\/td>\n \n0.0000\n<\/p>\n<\/td>\n \n0.0%\n<\/p>\n<\/td>\n<\/tr>\n \nNet Realized Long-Term Capital Gain\n<\/p>\n<\/td>\n \n0.0000\n<\/p>\n<\/td>\n \n0.0%\n<\/p>\n<\/td>\n<\/tr>\n \nReturn of Capital or other Capital Source\n<\/p>\n<\/td>\n 0.0456<\/span><\/p>\n<\/td>\n 93.3%<\/span><\/p>\n<\/td>\n<\/tr>\n \nTotal (per common share)\n<\/p>\n<\/td>\n \n0.0489\n<\/p>\n<\/td>\n \n100.0%\n<\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n Fiscal Year-to-Date Cumulative<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n Distributions from:<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n Per Share ($)<\/span><\/p>\n<\/td>\n %<\/span><\/p>\n<\/td>\n<\/tr>\n \nNet Investment Income\n<\/p>\n<\/td>\n \n0.0129\n<\/p>\n<\/td>\n \n13.31%\n<\/p>\n<\/td>\n<\/tr>\n \nNet Realized Short-Term Capital Gain\n<\/p>\n<\/td>\n \n0.0015\n<\/p>\n<\/td>\n \n1.55%\n<\/p>\n<\/td>\n<\/tr>\n \nNet Realized Long-Term Capital Gain\n<\/p>\n<\/td>\n \n0.0047\n<\/p>\n<\/td>\n \n4.85%\n<\/p>\n<\/td>\n<\/tr>\n \nReturn of Capital or other Capital Source\n<\/p>\n<\/td>\n 0.0778<\/span><\/p>\n<\/td>\n 80.29%<\/span><\/p>\n<\/td>\n<\/tr>\n \nTotal (per common share)\n<\/p>\n<\/td>\n \n0.0969\n<\/p>\n<\/td>\n \n100.0%\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n Shareholders should not draw any conclusions about the Fund\u2019s investment performance from the amount of this distribution or from the terms of the Fund\u2019s managed distribution policy. The amounts and sources of distributions reported in this 19(a) Notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund\u2019s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.<\/b><\/p>\n Subject to the foregoing, the Fund estimates (as of the date hereof) that it has distributed more than its income and net realized capital gains for the fiscal year ending November 30, 2023; therefore, a portion of your distribution may be 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\u2019s investment performance and should not be confused with \u2018yield\u2019 or \u2018income.\u2019<\/b><\/p>\n \nPresented below are return figures, based on the change in the Fund\u2019s Net Asset Value per share (\u201cNAV\u201d), compared to the annualized distribution rate for this current distribution as a percentage of the NAV on the last business day of the month prior to distribution record date.\n<\/p>\n Fund Performance and Distribution Information<\/b><\/p>\n \nFiscal Year to Date (12\/01\/2022 through 12\/31\/2022)\n<\/p>\n<\/td>\n<\/tr>\n \nAnnualized Distribution Rate as a Percentage of NAV^\n<\/p>\n<\/td>\n \n6.86%\n<\/p>\n<\/td>\n<\/tr>\n \nCumulative Distribution Rate on NAV^^\n<\/p>\n<\/td>\n \n1.13%\n<\/p>\n<\/td>\n<\/tr>\n \nCumulative Total Return on NAV*\n<\/p>\n<\/td>\n \n-2.14%\n<\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nAverage Annual Total Return on NAV for the 5-Year Period Ending 12\/31\/2022**\n<\/p>\n<\/td>\n \n0.55%\n<\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \n^ Based on the Fund\u2019s NAV as of December 31, 2022.\n<\/p>\n \n^^ Cumulative distribution rate is the cumulative amount of distributions paid during the Fund\u2019s fiscal year ending November 30, 2023 based on the Fund\u2019s NAV as of December 31, 2022.\n<\/p>\n \n*Cumulative total return is based on the change in NAV including distributions paid and assuming reinvestment of these distributions for the period December 1, 2022 through December 31, 2022.\n<\/p>\n \n**The 5-year average annual total return is based on change in NAV including distributions paid and assuming reinvestment of these distributions and is through the last business day of the month prior to the month of the current distribution record date.\n<\/p>\n \nWhile the NAV performance may be indicative of the Fund\u2019s investment performance, it does not measure the value of a shareholder\u2019s investment in the Fund. The value of a shareholder\u2019s investment in the Fund is determined by the Fund\u2019s market price, which is based on the supply and demand for the Fund\u2019s shares in the open market.\n<\/p>\n About DEX<\/b><\/p>\n \nThe 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.\n<\/p>\n \nUnder 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.\n<\/p>\n \nThe 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. Even though the Fund may realize current year capital gains, such gains may be offset, in whole or in part, by the Fund\u2019s capital loss carryovers from prior years.\n<\/p>\n \nCurrently under the Fund\u2019s managed distribution policy, the Fund makes monthly distributions to common shareholders at a targeted annual distribution rate of 7.0% of the Fund\u2019s average net asset value (\u201cNAV\u201d) 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 7.0% of the prior three month\u2019s average NAV per share, divided by 12. The Fund will generally distribute amounts necessary to satisfy the Fund\u2019s 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\u2019s 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\u2019s managed distribution policy will be reviewed at least annually by the Fund\u2019s Board of Trustees, and the Fund will continue to evaluate its distribution in light of ongoing market conditions.\n<\/p>\n \nThe payment of dividend distributions in accordance with the managed distribution policy may result in a decrease in the Fund\u2019s net assets. A decrease in the Fund\u2019s net assets may cause an increase in the Fund\u2019s annual operating expenses and a decrease in the Fund\u2019s market price per share to the extent the market price correlates closely to the Fund\u2019s net asset value per share. The managed distribution policy may also negatively affect the Fund\u2019s investment activities to the extent that the Fund is required to hold larger cash positions than it typically would hold or to the extent that the Fund must liquidate securities that it would not have sold, for the purpose of paying the dividend distribution. The managed distribution policy may, under certain circumstances, cause the amounts of taxable distributions to exceed the amount minimally required to be distributed under the tax rules, such excess will be taxable as ordinary income to the extent loss carry forwards reduce the required amount of capital gains distributions in that year. Investors should consult their tax advisor regarding federal, state, and local tax considerations that may be applicable in their particular circumstances.\n<\/p>\n About Macquarie Asset Management<\/b><\/p>\n \nMacquarie Asset Management is a global asset manager that aims to deliver positive impact for everyone. Trusted by institutions, pension funds, governments, and individuals to manage more than $US508 billion in assets globally,1<\/sup> we provide access to specialist investment expertise across a range of capabilities including infrastructure, green investments & renewables, real estate, agriculture & natural assets, asset finance, private credit, equities, fixed income and multi asset solutions.\n<\/p>\n \nAdvisory services are provided by Delaware Management Company, a series of Macquarie Investment Management Business Trust, a registered investment advisor. Macquarie Asset Management is part of Macquarie Group, a diversified financial group providing clients with asset management, finance, banking, advisory and risk and capital solutions across debt, equity, and commodities. Founded in 1969, Macquarie Group employs approximately 19,000 people in 33 markets and is listed on the Australian Securities Exchange. For more information about Delaware Fundsby Macquarie\u00ae<\/sup>, visit delawarefunds.com or call 800 523-1918.\n<\/p>\n Other than Macquarie Bank Limited ABN 46 008 583 542 (\u201cMacquarie Bank\u201d), any Macquarie Group entity noted in this material is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). The obligations of these other Macquarie Group entities do not represent deposits or other liabilities of Macquarie Bank. Macquarie Bank does not guarantee or otherwise provide assurance in respect of the obligations of these other Macquarie Group entities. In addition, if this document relates to an investment, (a) the investor is subject to investment risk including possible delays in repayment and loss of income and principal invested and (b) none of Macquarie Bank or any other Macquarie Group entity guarantees any particular rate of return on or the performance of the investment, nor do they guarantee repayment of capital in respect of the investment.<\/b><\/p>\n 1<\/sup> As of September 30, 2022\n<\/p>\n \n\u00a9 2023 Macquarie Management Holdings, Inc.\n<\/p>\n View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230127005431\/en\/<\/a><\/span><\/p>\n Investors\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
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delawarefunds.com\/closed-end<\/a><\/p>\n