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Article: Lincoln National Income Fund Announces Proposed Reorganization Into Delaware Corporate Bond Fund.
- Article from:
- PR Newswire
- Article date:
- February 15, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PHILADELPHIA, Feb. 15 /PRNewswire-FirstCall/ -- The Board of Directors of Lincoln National Income Fund, Inc. (the "Fund") today announced its decision to approve a proposal providing for the reorganization of the Fund into the Delaware Corporate Bond Fund (the "Corporate Bond Fund"), an open-end series of Delaware Group Income Funds. Under the terms of the proposed reorganization, the Corporate Bond Fund would acquire substantially all of the assets of the Fund in exchange for Class A shares of the Corporate Bond Fund; those Class A shares of the Corporate Bond Fund would then be distributed pro rata to the shareholders of the Fund's common stock; and the Fund would ...