Delaware Investments^® closed-end funds

Delaware Investments offers a variety of closed-end funds. Closed-end funds differ from open-end mutual funds in that only a fixed number of shares are made available for investors, unlike open-end mutual funds which continually offer shares to investors. The shares of closed-end funds trade on the open exchange and since they are open to market demand, the market price of those shares may be valued higher or lower than the fund's net asset value (NAV). Closed-end funds provide an investor the opportunity to purchase shares at a premium or discount to the fund's NAV.

Unlike open-end mutual funds, closed-end funds only offer a prospectus to investors at the time of the fund's initial purchase offer (IPO). Subsequent changes to a closed-end fund's investment strategy or managers are made available to the public via press releases issued by the funds.

Closed-end funds

• Delaware Investments Dividend and Income Fund, Inc.
• Delaware Enhanced Global Dividend and Income Fund
• Delaware Investments Global Dividend and Income Fund, Inc.
• Delaware Investments Arizona Municipal Income Fund, Inc.
• Delaware Investments Colorado Municipal Income Fund, Inc.
• Delaware Investments National Municipal Income Fund, Inc.
• Delaware Investments Minnesota Municipal Income Fund II, Inc.

Dividend information
To view monthly and quarterly dividend information for the Delaware Investments closed-end funds listed above, please visit our press releases page.

Yield information
To view monthly yield information for the Delaware Investments closed-end funds listed above, please visit the yield information page.

Information on the Delaware Investments proxy statement

For information on preferred share redemption notices, click on a press release below: Oct. 28, 2008 Oct. 21, 2008 Oct. 16, 2008 Oct. 14, 2008 Archive of previous market updates on preferred share remarketings: July 31, 2008 April 7, 2008 March 5, 2008