Delaware Funds® by Macquarie Municipal Income Funds Announce Dividends and Appoint Jake van Roden as Co-Manager

PHILADELPHIA–(BUSINESS WIRE)–Today, the following three municipal income funds, all closed-end
management investment companies, declare their monthly income dividends:
Delaware Investments Colorado Municipal Income Fund, Inc.; Delaware
Investments National Municipal Income Fund; and Delaware Investments
Minnesota Municipal Income Fund II, Inc. (together, the “Funds”).

The following dates apply to the above dividend announcement:

       
Declaration date: 02/05/2019
Ex-date: 02/14/2019
Record date: 02/15/2019
Payable date: 02/22/2019
 

The dividend distributions are as follows:

         
FUND      

Dividend per share

Delaware Investments Colorado
Municipal Income Fund, Inc.
(VCF)

      $0.05000

Delaware Investments National
Municipal Income Fund (VFL)

      $0.05000

Delaware Investments Minnesota
Municipal Income Fund II, Inc.
(VMM)

      $0.03750
     

In addition, Macquarie Investment Management announced today that Jake
van Roden has been appointed as a co-manager for the Funds. Mr. van
Roden joins Joseph R. Baxter, Stephen J. Czepiel, Denise A. Franchetti,
and Gregory A. Gizzi in making day-to-day investment decisions for the
Funds.

Jake van Roden, Senior Vice President, Head of Municipal Trading,
Portfolio Manager, is head of the firm’s municipal trading. He is also a
portfolio manager for the firm’s nine open-end state-specific municipal
bond funds, as well as for several municipal bond client accounts, a
role he assumed in December 2017. In February 2019, his portfolio
management role expanded to include the closed-end municipal bond funds.
He joined the municipal department in July 2004 as a generalist and
became head of municipal trading in December 2012. Before that, van
Roden interned at Macquarie Investment Management in the client services
department. He received a bachelor’s degree in American studies with a
minor in government from Franklin & Marshall College.

The investment objective of Delaware Investments Colorado Municipal
Income Fund, Inc. and Delaware Investments Minnesota Municipal Income
Fund II, Inc. is to provide current income exempt from federal income
tax and from the personal income tax of its state, if any, consistent
with the preservation of capital. The investment objective of Delaware
Investments National Municipal Income Fund is to provide current income
exempt from regular federal income tax consistent with the preservation
of capital. In addition, each Fund has the ability to use leveraging
techniques in an attempt to obtain a higher return for the Fund.
Currently, each Fund has outstanding a series of variable-rate preferred
shares as leverage.

About Macquarie Investment Management

Macquarie Investment Management, a member of Macquarie Group, includes
the former Delaware Investments and is a global asset manager with
offices throughout the United States, Europe, Asia, and Australia. As
active managers, we prioritize autonomy and accountability at the team
level in pursuit of opportunities that matter for clients. Macquarie
Investment Management is supported by the resources of Macquarie Group
(ASX: MQG; ADR: MQBKY), a global provider of asset management,
investment, banking, financial and advisory services.

Advisory services are provided by Macquarie Investment 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 Funds® by
Macquarie, visit delawarefunds.com or call 800 523-1918.

Other than Macquarie Bank Limited (MBL), none of the entities referred
to in this document are authorized deposit-taking institutions for the
purposes of the Banking Act 1959 (Commonwealth of Australia). The
obligations of these entities do not represent deposits or other
liabilities of MBL, a subsidiary of Macquarie Group Limited and an
affiliate of Macquarie Investment Management. MBL does not guarantee or
otherwise provide assurance in respect of the obligations of these
entities, unless noted otherwise.

© 2019 Macquarie Management Holdings, Inc.

Contacts

Investors
Computershare
866 437-0252
delawarefunds.com/closed-end

Media contacts
Daniela Palmieri
215 255-8878

Jessica Fitzgerald
215 255-1336

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