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Delaware Investments® Dividend and Income Fund, Inc. Announces Self-Tender Offer for up to Five Percent of Its Shares

DELAWARE INVEST DIVIDEND & INCOME COMMON (DDF)  More Company Research Source: Business Wire
PDF PHILADELPHIA--(BUSINESS WIRE)-- Delaware Investments Dividend and Income Fund, Inc. (NYSE: DDF) (the “Fund”) announced today that its Board of Directors has authorized an issuer tender offer to purchase for cash up to 404,640 shares of its common stock, representing 5 percent of its issued and outstanding shares of common stock, each of which has a par value of $0.01 per share. The tender offer will commence on Thursday, June 1, 2017, and will expire, unless extended, at 11:59 p.m., New York City time, on Thursday, June 29, 2017. 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 [Read more]

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