Delaware investments® Dividend and Income Fund, Inc. (the “Fund”), a closed-end fund listed on the New York Stock Exchange and trading under the symbol “DDF”, today announced that effective August 1, 2023, portfolio management team members consisting of Kristen E. Bartholdson, Adam H. Brown, Chris Gowlland, Erin Ksenak, Nikhil G. Lalvani, Benjamin Leung, Stefan Löwenthal, John P. McCarthy, Scot Thompson, Michael G. Wildstein and Jürgen Wurzer.

The Fund is a diversified closed-end fund. The 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 65% of its total assets in income-producing equity securities, including dividend-paying common stocks, convertible securities, preferred stocks and shares. other equity-related securities, which may include up to 25% in real estate investment trusts (REITs) and real estate operating companies. Up to 35% of the Fund’s total assets may be invested in non-convertible debt securities consisting primarily of high yield, high risk corporate bonds. In addition, the Fund uses leverage techniques with the aim of obtaining a higher return for the Fund. There can be no assurance that the Fund will achieve its investment objectives.

About Macquarie Asset Management

Macquarie Asset Management is a global asset manager that aims to deliver positive impact to everyone. Recognized by institutions, pension funds, governments and individuals for managing over $534 billion in assets worldwide,1 we provide access to specialist investment expertise across a range of capabilities, including infrastructure, green investments and renewable energy, real estate, agriculture and natural assets, asset finance, private credit, equities, fixed income and multi-asset solutions.

Advisory services are provided by Delaware Management Company, a series of Macquarie Investment Management Business Trust, a registered investment adviser. Macquarie Asset Management is part of Macquarie Group, a diversified financial group providing clients with asset management, financing, banking, advisory and risk and capital solutions for debt, equities and commodities. Founded in 1969, Macquarie Group employs approximately 18,000 people in 33 markets and is listed on the Australian Securities Exchange. For more information on Delaware Fundsby Macquarie®visit or call 800 523-1918.

With the exception of Macquarie Bank Limited ABN 46 008 583 542 (“Macquarie Bank”), any Macquarie group entity listed herein is not an authorized depository institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). The obligations of these other Macquarie group entities do not represent deposits or other liabilities of Macquarie Bank. Macquarie Bank does not guarantee or provide any other assurance with respect to the obligations of such other Macquarie group entities. In addition, if this document relates to an investment, (a) the investor is subject to investment risk, including delays in repayment and loss of income and invested capital and (b) none of Macquarie Bank or any other entity within the Macquarie group does not guarantee any rate of return or return on the investment, nor guarantee the return of capital on the investment.

1 As of June 30, 2022

© 2022 Macquarie Management Holdings, Inc.

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