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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Delaware Enhanced Global Dividend and Income Fund | NYSE:DEX | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 7.56 | 0 | 01:00:00 |
SCHEDULE 13D
DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT
8/16/2022
1. NAME OF REPORTING PERSON
Bulldog Investors, LLP
2. CHECK THE BOX IF MEMBER OF A GROUP a[]
b[]
3. SEC USE ONLY
4. SOURCE OF FUNDS WC
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) AND 2(e) []
7. SOLE VOTING POWER 0 8. SHARED VOTING POWER 296,192
10. SHARED DISPOSITIVE POWER 296,192
11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON 296,192(Footnote 1)
12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES
13. PERCENT OF CLASS REPRESENTED BY ROW 11 2.65%
14. TYPE OF REPORTING PERSON
IA
1. NAME OF REPORTING PERSON
Phillip Goldstein
2. CHECK THE BOX IF MEMBER OF A GROUP a[]
b[]
3. SEC USE ONLY
4. SOURCE OF FUNDS WC
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) AND 2(e) []
7. SOLE VOTING POWER 0 8. SHARED VOTING POWER 589,875
10. SHARED DISPOSITIVE POWER 589,875
11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON 589,875 (Footnote 1)
12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES
13. PERCENT OF CLASS REPRESENTED BY ROW 11
5.28%
14. TYPE OF REPORTING PERSON
IN
2. CHECK THE BOX IF MEMBER OF A GROUP a[]
b[]
3. SEC USE ONLY
4. SOURCE OF FUNDS WC
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) AND 2(e) []
7. SOLE VOTING POWER 0 8. SHARED VOTING POWER 589,875
10. SHARED DISPOSITIVE POWER 589,875
11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON 589,875 (Footnote 1)
12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES
13. PERCENT OF CLASS REPRESENTED BY ROW 11
5.28%
14. TYPE OF REPORTING PERSON
IN
Item 1. SECURITY AND ISSUER
This Schedule 13D relates to the shares of Common Stock of Delaware Enhanced Global Dividend and Income Fund ("DEX" or the "Issuer").
The principal executive offices of DEX are located at
610 Market Street
Philadelphia, PA 19106
Item 2. IDENTITY AND BACKGROUND
(a) This statement is filed on behalf of Bulldog Investors,LLP (a Delaware
Limited Liability Partnership), Phillip Goldstein, and Andrew Dakos.
(b) The business address of the reporting persons is Park 80 West-Plaza Two, 250 Pehle Ave., Suite 708, Saddle Brook, NJ 07663.
(c) Bulldog Investors,LLP is a registered investment adviser. Messrs. Goldstein and Dakos are partners of Bulldog Investors,LLP.
(d) n/a
(e) n/a
(f) Each of Messrs. Goldstein and Dakos is a citizen of the United States.
ITEM 3. SOURCE AND AMOUNT OF FUNDS AND OTHER CONSIDERATIONS
Shares of the Issuer have been accumulated on behalf of clients of
Bulldog Investors,LLP and on behalf of a registered closed-end investment
company for which Messrs. Goldstein and Dakos have investment and voting
authority.
ITEM 4. PURPOSE OF TRANSACTION
See exhibit B. Letter to the Board of Trustees.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) As per the N-CSRS filed on 08/05/2022 there were 11,179,969 shares of
common stock outstanding as of 5/31/2022. The percentages set forth
herein were derived using such number. Phillip Goldstein and Andrew Dakos
own Bulldog Investors, LLP, a registered investment advisor.
As of August 19, 2022 Bulldog Investors, LLP is deemed to be the beneficial
owner of 296,192 shares of DEX (representing 2.65% of DEX's outstanding
shares) solely by virtue of Bulldog Investors LLP's power to direct the
vote of,and dispose of, these shares.
As of August 19, 2022, each of Messrs. Goldstein and Dakos is deemed to be the beneficial owner of 589,875 shares of DEX (representing 5.28% of DEX's outstanding shares) by virtue of their power to direct the vote of, and dispose of, these shares.
(b)Bulldog Investors,LLP has sole power to dispose of and vote 0 shares. Bulldog Investors, LLP has shared power to dispose of and vote 296,192 shares. Certain of Bulldog Investors, LLP's clients (none of whom beneficially own more than 5% of DEX's shares) share this power with Bulldog Investors, LLP. Messrs. Goldstein and Dakos are partners of Bulldog Investors, LLP. Messrs. Goldstein and Dakos have shared power to dispose of and vote an additional 293,683 shares.
c) During the past 60 days the following shares of DEX were bought.
Date Shares Price 8/19/2022 1,015 8.07 8/18/2022 8,573 8.229 8/16/2022 3,856 8.2681 8/16/2022 2,546 8.26 8/15/2022 9,000 8.16 8/12/2022 11,632 8.086 |
d) Clients of Bulldog Investors, LLP and a closed-end investment company for which Messrs. Goldstein and Dakos have investment authority are entitled to receive any dividends or sales proceeds.
e) N/A
ITEM 6. CONTRACTS,ARRANGEMENTS,UNDERSTANDINGS OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER.
N/A
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Exhibit A and B
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Dated: 8/22/2022 By: /S/ Phillip Goldstein Name: Phillip Goldstein By: /S/ Andrew Dakos Name: Andrew Dakos Bulldog Investors, LLP By: /s/ Andrew Dakos Andrew Dakos, Partner Footnote 1: The reporting persons disclaim beneficial ownership except to the extent of any pecuniary interest therein. |
Exhibit A:
Agreement to Make Joint Filing
Agreement made as of the 22nd day of August, 2022, by and among Bulldog Investors, LLP, Phillip Goldstein and Andrew Dakos.
WHEREAS, Rule 13d-1(k)(1) under the Securities Exchange Act of 1934 provides that whenever two or more persons are required to file a statement containing the information required by Schedule 13D with respect to the same securities, only one such statement need be filed, so long as, among other things, such filing includes as an exhibit an agreement among such persons that such a statement is filed on behalf of each of them;
WHEREAS, in connection with certain holdings of Delaware Enhanced Global Dividend and Income Fund (DEX), each of the parties to this Agreement is required to file a statement containing the information required by Schedule 13D with respect to the same holdings of DEX;
NOW THEREFORE, the parties hereby agree that one statement containing the information required by Schedule 13D shall be filed on behalf of each party hereto.
IN WITNESS WHEREOF, this Agreement has been duly executed by the parties hereto as of the day and year first written above.
By:/s/ Phillip Goldstein By:/s/ Andrew Dakos Phillip Goldstein Andrew Dakos |
BULLDOG INVESTORS, LLP
By:/s/ Andrew Dakos Andrew Dakos, Partner |
Exhibit B:
Special Opportunities Fund, Inc. 615 East Michigan Street, Milwaukee, WI 53202
August 16, 2022
The Board of Trustees
Delaware Enhanced Global Dividend and Income Fund
100 Independence
610 Market Street
Philadelphia, PA 19106-2354
Dear Trustees:
Special Opportunities Fund has been a beneficial holder of shares of Delaware Enhanced Global Dividend and Income Fund valued in excess of $25,000 continuously for more than a year and plans to hold them through the special meeting of shareholders targeted for November 2022. We hereby submit the following proposal and supporting statement pursuant to rule 14a-8 of the Securities Exchange Act of 1934 for inclusion in management's proxy materials. We are available to discuss this matter at your convenience.
RESOLVED: If shareholders of Delaware Enhanced Global Dividend and Income Fund (the Fund) do not approve the proposed merger of the Fund into Abrdn Global Dynamic Dividend Fund ("AGD") at this meeting, they request that the Board of Trustees take steps to cause the Fund to be liquidated or converted to (or merged with) an exchange traded fund (ETF) or an open-end mutual fund.
SUPPORTING STATEMENT
On August 11, 2022, the Fund announced that its Board of Trustees approved the reorganization of the Fund into AGD. The Fund's shares have traded at a persistent discount from NAV for years. Just before the announcement, the discount stood at about 14%. If shareholders do not approve the merger with AGD, we think the Board should provide a means for all shareholders to realize net asset value for their shares via a liquidation of the Fund or conversion into (or merger with) an ETF or an open-end fund.
Very truly yours,
/s/Phillip Goldstein Phillip Goldstein Chairman |
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