Dividend Declaration: Delaware Group Dividend and Income Fund, Inc.

Apr 02, 2001, 01:00 ET from Delaware Investments

    PHILADELPHIA, April 2 /PRNewswire/ -- Delaware Group Dividend and Income
 Fund, Inc. (NYSE:   DDF) (the "Fund"), a New York Stock Exchange-listed
 closed-end fund trading under the symbol "DDF," has declared its monthly
 dividend of 12.5 cents per share.  This dividend is payable April 27, 2001 to
 stockholders of record at the close of business on April 13, 2001.  The ex-
 dividend date will be April 11, 2001.
     The Fund is a diversified, closed-end fund whose primary investment
 objective is to seek high current income.  Capital appreciation is a secondary
 objective.  The Fund seeks to achieve its objectives by investing, under
 normal circumstances, at least 55% of its total assets in income generating
 equity securities, including dividend paying common stocks, convertible
 securities, preferred stocks, and other equity related securities.  In
 addition, up to 45% of the Fund's total assets may be invested in
 non-convertible debt securities consisting primarily of high-yield, high-risk
 corporate bonds.  There is no assurance that the Fund will achieve its
 investment objectives.
     In 1995, the Fund implemented a managed distribution policy.  Under the
 policy, the Fund is managed with a goal of generating as much of the dividend
 as possible from ordinary income (net investment income and short-term capital
 gains).  The balance of the dividend then comes from long-term capital gains
 and, if necessary, a return of capital.
 
     Delaware Investments is a diversified asset management organization. As of
 December 31, 2000, Delaware and its affiliate, Lincoln Investment Management,
 had approximately $82 billion in assets under management.  Delaware
 Investments provides investment products and services to individual investors
 through a broad line of mutual funds, retirement plan services and other
 investment products; and to institutional investors, primarily private and
 public pension funds, foundations, endowment funds, banks and insurance
 companies.
 
 

SOURCE Delaware Investments
    PHILADELPHIA, April 2 /PRNewswire/ -- Delaware Group Dividend and Income
 Fund, Inc. (NYSE:   DDF) (the "Fund"), a New York Stock Exchange-listed
 closed-end fund trading under the symbol "DDF," has declared its monthly
 dividend of 12.5 cents per share.  This dividend is payable April 27, 2001 to
 stockholders of record at the close of business on April 13, 2001.  The ex-
 dividend date will be April 11, 2001.
     The Fund is a diversified, closed-end fund whose primary investment
 objective is to seek high current income.  Capital appreciation is a secondary
 objective.  The Fund seeks to achieve its objectives by investing, under
 normal circumstances, at least 55% of its total assets in income generating
 equity securities, including dividend paying common stocks, convertible
 securities, preferred stocks, and other equity related securities.  In
 addition, up to 45% of the Fund's total assets may be invested in
 non-convertible debt securities consisting primarily of high-yield, high-risk
 corporate bonds.  There is no assurance that the Fund will achieve its
 investment objectives.
     In 1995, the Fund implemented a managed distribution policy.  Under the
 policy, the Fund is managed with a goal of generating as much of the dividend
 as possible from ordinary income (net investment income and short-term capital
 gains).  The balance of the dividend then comes from long-term capital gains
 and, if necessary, a return of capital.
 
     Delaware Investments is a diversified asset management organization. As of
 December 31, 2000, Delaware and its affiliate, Lincoln Investment Management,
 had approximately $82 billion in assets under management.  Delaware
 Investments provides investment products and services to individual investors
 through a broad line of mutual funds, retirement plan services and other
 investment products; and to institutional investors, primarily private and
 public pension funds, foundations, endowment funds, banks and insurance
 companies.
 
 SOURCE  Delaware Investments