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Friday, October 03, 2003

Delaware Makes Something Old Something New

by: Sean Hanna, Editor in Chief

Delaware Investments has pulled a fund out of its back drawer to offer to investors seeking dividend income. On October 1, the Lincoln National unit opened its Dividend Income Fund to retail investors. The fund was formerly known as the Delaware Retirement Income Fund and opened in December 1996. However, it has been in limited distribution since that time.

The seven-year history of the fund makes it one of the few new dividend-focused funds with an established track record available to investors. A number of fund firms have rolled out dividends funds in response to recent changes to the federal tax code.

"It's a fund that many investors who are seeking income may find useful," Kevin J. Lucey, executive vice president for Sales, Marketing and Client Services, "and unlike newly launched income funds, it has a track record dating back to 1996."  

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