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Philadelphia, April 14, 2009 — Delaware Investments has applied to participate in a second extension of the U.S. Treasury's Temporary Guaranty Program for Money Market Funds (the "Program") on behalf of the Delaware Cash Reserve Fund, the VIP Cash Reserve Series and the Tax-Exempt Money Fund (each a "Fund" and together the "Funds").
The extension period begins on May 1, 2009 and ends September 18, 2009. The Program is designed to guarantee the share price of any publicly offered eligible money market mutual fund — whether retail or institutional — that applies for and pays a fee to participate in the Program.
The U.S. Treasury Temporary Guarantee Program provides a guarantee to participating money market mutual fund shareholders based on the number of shares invested in the fund at the close of business on September 19, 2008.
Any increase in the number of shares an investor holds after the close of business on September 19, 2008, will not be guaranteed.
If a customer closes his/her account with a fund or broker-dealer, any future investment in the fund will not be guaranteed.
If the number of shares an investor holds fluctuates over the period, the investor will be covered for either the number of shares held as of the close of business on September 19, 2008, or the current amount, whichever is less.
Delaware Investments is participating in the Program, despite the strength of the Funds, as an additional protective measure given current adverse market conditions. The performance of the Funds during current events in the market has reaffirmed our managerial approach and philosophy regarding this important asset class. We believe in the strength of our portfolios and portfolio management commitment to thorough credit research as well as an intense focus on risk management.
Investors should consider the investment objectives, risks and charges and expenses of a Fund carefully before investing. Each Fund's prospectus contains this and other important information about the Fund. Please request a prospectus by calling 800 523-1918 or by visiting the prospectuses & shareholder reports section of www.delawareinvestments.com. Read it carefully before investing or sending money. Delaware Distributors, L.P. is the distributor for all open-end investment companies within the Delaware Investments Family of Funds.
An investment in a Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund.
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