FOR IMMEDIATE RELEASE
Contact: Tom Gariepy
DELAWARE GROUP DIVIDEND AND INCOME FUND, INC.
ANNOUNCES RESULTS OF SELF-TENDER OFFER FOR 10% OF ITS SHARES
PHILADELPHIA, July 11, 2000 - Delaware Group Dividend and Income Fund, Inc. (NYSE: DDF) announced
today the final results of its previously announced tender offer to purchase for cash up to 1,430,700 shares of its
common stock, par value $0.01 per share, representing 10% of its issued and outstanding shares of common
stock. The tender offer commenced on Thursday, June 1, 2000 and expired at 5:00 p.m., New York City time,
on Thursday, June 29, 2000.
Based on a count by ChaseMellon Shareholders Services, L.L.C., the depositary for the tender offer,
approximately 2,143,949 shares of common stock were tendered and 1,430,700 shares have been accepted for
purchase at a price equal to $12.17, the Fund s net asset value per share as of 4:00 p.m., New York City time,
on June 30, 2000. Since the tender offer was oversubscribed, all tenders of shares are subject to proration (at a
ratio of approximately 0.667%) in accordance with the terms of the tender offer.
Following the purchase of shares tendered, Delaware Group Dividend and Income Fund, Inc. will have
approximately 12,876,300 shares of common stock outstanding.
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Delaware Group Dividend and Income Fund, Inc., which commenced operations in March 1993, is a closed-end
fund with a portfolio that typically consists of two-thirds income- generating equities, including common stocks
and convertible securities, and one-third high-yield, high risk corporate bonds. The Fund is a total return vehicle
whose primary objective is to seek high current income. Capital appreciation is a secondary objective. Designed
to pay monthly dividends, the Fund will normally maintain at least 65% of its assets in income-generating equities,
with a maximum of 35% of assets invested in non-convertible corporate bonds.
Delaware Group Dividend and Income Fund, Inc. is advised by Delaware Manage