Post by xray on Aug 15, 2022 17:48:21 GMT
Business Wire
Delaware Ivy High Income Opportunities Fund announces Board approval of reorganization with abrdn Income Credit Strategies Fund
Thu, August 11, 2022, 5:15 PM
Attn: richardsok
PHILADELPHIA, August 11, 2022--(BUSINESS WIRE)--Today, Delaware Ivy High Income Opportunities Fund (the "Acquired Fund"), a New York Stock Exchange-listed closed-end fund trading under the symbol "IVH", announced that its Board of Trustees (the "Board") approved the reorganization of the Acquired Fund into abrdn Income Credit Strategies Fund (the "Acquiring Fund"), a New York Stock Exchange-listed closed-end fund trading under the symbol "ACP" (the "Reorganization").
It is currently expected that the Reorganization will be completed in the first quarter of 2023 subject to (i) approval of the Reorganization by the Acquired Fund shareholders, (ii) approval by Acquiring Fund shareholders of the issuance of shares of the Acquiring Fund, and (iii) the satisfaction of customary closing conditions.
Delaware Management Company, a series of Macquarie Investment Management Business Trust, is the investment manager of the Acquired Fund. Aberdeen Asset Managers Limited is the investment adviser of the Acquiring Fund and abrdn Inc. is the investment sub-adviser of the Acquiring Fund.
This press release is not intended to, and does not constitute an offer to purchase or sell shares of the Acquired Fund or Acquiring Fund nor is this press release intended to solicit a proxy from any shareholder of any of the Acquired Fund or Acquiring Fund. The solicitation of the purchase or sale of securities or of proxies to effect the Reorganization will only be made by a definitive Proxy Statement/Prospectus of the Acquired Fund and Acquiring Fund and a definitive Proxy Statement of the Acquiring Fund.
The Proxy Statement/Prospectus and the Proxy Statement have yet to be filed with the US Securities and Exchange Commission (the "SEC"). After the Proxy Statement/Prospectus and Proxy Statement are filed with the SEC, each may be amended or withdrawn. The Proxy Statement/Prospectus will not be distributed to shareholders of the Acquired Fund unless and until a Registration Statement comprising of the Proxy Statement/Prospectus is declared effective by the SEC.
SHAREHOLDERS OF THE ACQUIRED FUND ARE URGED TO READ CAREFULLY THE PROXY STATEMENT/PROSPECTUS AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THESE DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION ABOUT THE REORGANIZATION. SHAREHOLDERS SHOULD CONSIDER THE INVESTMENT OBJECTIVES, RISKS, CHARGES, AND EXPENSES OF THE ACQUIRED FUND AND ACQURING FUND. THE PROXY STATEMENT/PROSPECTUS WILL CONTAIN INFORMATION WITH RESPECT TO THE INVESTMENT OBJECTIVES, RISKS, CHARGES, AND EXPENSES OF THE ACQUIRED FUND AND ACQUIRING FUND.
The Proxy Statement/Prospectus will not constitute an offer to buy or sell securities, in any state where such offer or sale is not permitted.
Acquired Fund Shareholders may obtain free copies (when they become available) of the Proxy Statement/Prospectus and other documents filed with the SEC at the SEC’s web site at www.sec.gov. In addition, free copies (when they become available) of the Proxy Statement/Prospectus and other documents filed with the SEC may also be obtained by directing a request to the Acquired Fund at (866) 437-0252 or visiting its website at delawarefunds.com/closed-end.
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Live Long and Prosper....
Delaware Ivy High Income Opportunities Fund announces Board approval of reorganization with abrdn Income Credit Strategies Fund
Thu, August 11, 2022, 5:15 PM
Attn: richardsok
PHILADELPHIA, August 11, 2022--(BUSINESS WIRE)--Today, Delaware Ivy High Income Opportunities Fund (the "Acquired Fund"), a New York Stock Exchange-listed closed-end fund trading under the symbol "IVH", announced that its Board of Trustees (the "Board") approved the reorganization of the Acquired Fund into abrdn Income Credit Strategies Fund (the "Acquiring Fund"), a New York Stock Exchange-listed closed-end fund trading under the symbol "ACP" (the "Reorganization").
It is currently expected that the Reorganization will be completed in the first quarter of 2023 subject to (i) approval of the Reorganization by the Acquired Fund shareholders, (ii) approval by Acquiring Fund shareholders of the issuance of shares of the Acquiring Fund, and (iii) the satisfaction of customary closing conditions.
Delaware Management Company, a series of Macquarie Investment Management Business Trust, is the investment manager of the Acquired Fund. Aberdeen Asset Managers Limited is the investment adviser of the Acquiring Fund and abrdn Inc. is the investment sub-adviser of the Acquiring Fund.
This press release is not intended to, and does not constitute an offer to purchase or sell shares of the Acquired Fund or Acquiring Fund nor is this press release intended to solicit a proxy from any shareholder of any of the Acquired Fund or Acquiring Fund. The solicitation of the purchase or sale of securities or of proxies to effect the Reorganization will only be made by a definitive Proxy Statement/Prospectus of the Acquired Fund and Acquiring Fund and a definitive Proxy Statement of the Acquiring Fund.
The Proxy Statement/Prospectus and the Proxy Statement have yet to be filed with the US Securities and Exchange Commission (the "SEC"). After the Proxy Statement/Prospectus and Proxy Statement are filed with the SEC, each may be amended or withdrawn. The Proxy Statement/Prospectus will not be distributed to shareholders of the Acquired Fund unless and until a Registration Statement comprising of the Proxy Statement/Prospectus is declared effective by the SEC.
SHAREHOLDERS OF THE ACQUIRED FUND ARE URGED TO READ CAREFULLY THE PROXY STATEMENT/PROSPECTUS AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THESE DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION ABOUT THE REORGANIZATION. SHAREHOLDERS SHOULD CONSIDER THE INVESTMENT OBJECTIVES, RISKS, CHARGES, AND EXPENSES OF THE ACQUIRED FUND AND ACQURING FUND. THE PROXY STATEMENT/PROSPECTUS WILL CONTAIN INFORMATION WITH RESPECT TO THE INVESTMENT OBJECTIVES, RISKS, CHARGES, AND EXPENSES OF THE ACQUIRED FUND AND ACQUIRING FUND.
The Proxy Statement/Prospectus will not constitute an offer to buy or sell securities, in any state where such offer or sale is not permitted.
Acquired Fund Shareholders may obtain free copies (when they become available) of the Proxy Statement/Prospectus and other documents filed with the SEC at the SEC’s web site at www.sec.gov. In addition, free copies (when they become available) of the Proxy Statement/Prospectus and other documents filed with the SEC may also be obtained by directing a request to the Acquired Fund at (866) 437-0252 or visiting its website at delawarefunds.com/closed-end.
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Live Long and Prosper....