Delaware Investments® Municipal Income Funds Announce Dividends

Today, the following three Delaware Investments municipal income funds, all closed-end management investment companies, declare their monthly income dividends: Delaware Investments Colorado Municipal Income Fund, Inc.; Delaware Investments National Municipal Income Fund; and Delaware Investments Minnesota Municipal Income Fund II, Inc. (together, the “Funds”). The investment objective of Delaware Investments Colorado Municipal Income Fund, Inc. and Delaware Investments Minnesota Municipal Income Fund II, Inc. is to provide current income exempt from federal income tax and from the personal income tax of its state, if any, consistent with the preservation of capital. The investment objective of Delaware Investments National Municipal Income Fund is to provide current income exempt from regular federal income tax consistent with the preservation of capital. In addition, each Fund has the ability to use leveraging techniques in an attempt to obtain a higher return for the Fund. Currently, each Fund has outstanding a series of variable rate preferred shares as leverage.

The following dates apply to the above dividend announcement:

    
      
        
        
        
           
        
        
           
        
        
        
      
      
        
          Declaration date:
        
        
        
        
        
        
          06/30/2014
        
      
      
        
          Ex-date:
        
        
        
        
        
        
          07/09/2014
        
      
      
        
          Record date:
        
        
        
        
        
        
          07/11/2014
        
      
      
        
          Payable date:
        
        
        
        
        
        
          07/25/2014
        
      
      
        
        
        
        
        
        
        
           
        
      
    
    

The dividend distributions are as follows:

FUND

Dividend pershare

        
      
      
        
          Delaware Investments Colorado Municipal Income Fund, Inc. (VCF)
        
        
           
        
        
           
        
        
          $0.057500
        
      
      
        
          Delaware Investments National Municipal Income Fund (VFL)
        
        
           
        
        
           
        
        
          $0.065000
        
      
      
        
          Delaware Investments Minnesota Municipal Income Fund II, Inc. (VMM)
        
        
           
        
        
           
        
        
          $0.057500
        
      
      
        
        
        
           
        
        
           
        
        
        
      
    
    

About Delaware Investments

Delaware Investments, a member of Macquarie Group, is a global asset management firm that offers a wide variety of equity and fixed income solutions for individual and institutional investors. Delaware Investments is supported by the resources of Macquarie Group (ASX: MQG; ADR: MQBKY), a global provider of asset management, investment, banking, financial and advisory services. Visit delawareinvestments.com for more information.

Delaware Investments is the marketing name for Delaware Management Holdings, Inc. and its subsidiaries. Advisory services provided by Delaware Management Business Trust, a registered investment advisor. Macquarie Group refers to Macquarie Group Limited and its subsidiaries and affiliates worldwide. For more information about Delaware Investments, visit delawareinvestments.com or call 800 523-1918.

Investments in the Funds are not and will not be deposits with or liabilities of Macquarie Bank Limited ABN 46 008 583 542 and its holding companies, including their subsidiaries or related companies (the "Macquarie Group"), and are subject to investment risk, including possible delays in repayment and loss of income and capital invested. No Macquarie Group company guarantees or will guarantee the performance of the Funds, the repayment of capital from the Funds, or any particular rate of return.

© 2014 Delaware Management Holdings, Inc.

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InvestorsComputershare866 437-0252delawareinvestments.com/closed-endorMedia:Delaware InvestmentsMarlene Petter, 215 255-1427orAmy Ponticello, 215 255-1313