Delaware Enhanced Global Dividend and Income Fund Announces Completion of Plan of Reorganization

Delaware Enhanced Global Dividend and Income Fund (NYSE: DEX) (“DEX”) today announced that its acquisition of substantially all of the assets and certain of the liabilities of Delaware Investments Global Dividend and Income Fund, Inc. (NYSE: DGF) (“DGF”) was completed after the close of business on Friday, October 21, 2011. The acquisition of substantially all of the assets and certain of the liabilities of DGF in exchange for newly issued common shares of DEX (the “Transaction”) was approved by shareholders of each Fund at a Joint Special Meeting of Shareholders held on September 21, 2011, and was structured as a tax-free transaction. Relevant details as of the closing of the Transaction are as follows:

    
      
        
          Fund
        
        
           
        
        
           
        
        
          NAV/share ($)
        
        
           
        
        
           
        
        
          Conversion ratio
        
      
      
        
          Delaware Enhanced Global Dividend and Income Fund
        
        
           
        
        
           
        
        
          

$11.51

N/A

        
      
      
        
          Delaware Investments Global Dividend and Income Fund, Inc.
        
        
           
        
        
           
        
        
          

$6.55

0.5691

DEX will continue to trade and be listed on the NYSE under the ticker symbol DEX. From this point forward, however, DGF will no longer trade or be listed on the NYSE, and DGF will be dissolved. In early 2012, former shareholders of DGF will receive Forms 1099 for the calendar year 2011 that will tell them how to report any Fund distributions for federal income tax purposes. Questions regarding the exchange of common shares in connection with the Transaction should be directed to DEX’s transfer agent, BNY Mellon Shareowner Services, by calling them at 800 851-9677, or you may write to them at 480 Washington Blvd., Jersey City, NJ 07310.

DEX is a closed-end fund managed by Delaware Management Company, a series of Delaware Management Business Trust. The primary investment objective of DEX is to seek current income, with a secondary objective of capital appreciation. DEX has the ability to utilize leveraging techniques in an attempt to obtain a higher return for the Fund. At present, DEX utilizes a line of credit issued by The Bank of New York Mellon, which DEX is expected to continue utilizing following the Transaction. Upon the completion of the Transaction described above, the total assets of DEX were approximately $181.89 million.

About Delaware Investments

Delaware Investments, a member of Macquarie Group, is a U.S.-based diversified asset management firm with more than $160 billion in assets under management (as of Sept. 30, 2011). Through a team of talented investment professionals, the firm manages assets across all major asset classes for a wide range of institutional and individual 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 with approximately US $321 billion in assets under management as of March 31, 2011.

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 www.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, 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.

© 2011 Delaware Management Holdings, Inc.

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