Maarten Pieters
Long only, deep value, insider ownership, small-cap

Delaware's Dividend And Income Fund: Tender Offer Offers Over 70% Annualized Return With Limited Downside

The Fund

Delaware Investments, Dividend And Income Fund, Inc (NYSE:DDF) 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-generating equity securities, including dividend-paying common stocks, convertible securities, preferred stocks, and other equity-related securities. Up to 35% of the Fund's total assets may be invested in nonconvertible debt securities consisting primarily of high yield, high risk corporate bonds.

DDF Board of Directors has authorized an issuer tender offer for 5% of shares outstanding

May 22, DDF's Board Of Directors authorized an issuer tender offer to purchase...

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