# EDGAR Filing Document

**Accession Number:** 0001396167
**File Stem:** 0001206774-23-000027
**Filing Date:** 2023-1
**Character Count:** 316716
**Document Hash:** 0f46e2bb1772df78f68208df13bacbb3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001206774-23-000027.hdr.sgml**: 20230112

**ACCESSION NUMBER**: 0001206774-23-000027

**CONFORMED SUBMISSION TYPE**: SC TO-I

**PUBLIC DOCUMENT COUNT**: 37

**FILED AS OF DATE**: 20230112

**DATE AS OF CHANGE**: 20230112

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Delaware Enhanced Global Dividend & Income Fund
- **CENTRAL INDEX KEY:** 0001396167
- **IRS NUMBER:** 260161937
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1130

**FILING VALUES:**
- **FORM TYPE:** SC TO-I
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-85259
- **FILM NUMBER:** 23526298

**BUSINESS ADDRESS:**
- **STREET 1:** 100 INDEPENDENCE
- **STREET 2:** 610 MARKET STREET
- **CITY:** PHILADELPHIA
- **STATE:** PA
- **ZIP:** 19106-2354
- **BUSINESS PHONE:** 18005231918

**MAIL ADDRESS:**
- **STREET 1:** 100 INDEPENDENCE
- **STREET 2:** 610 MARKET STREET
- **CITY:** PHILADELPHIA
- **STATE:** PA
- **ZIP:** 19106-2354

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Delaware Investments Enhanced Global Dividend & Income Fund
- **DATE OF NAME CHANGE:** 20070411
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Delaware Enhanced Global Dividend & Income Fund
- **CENTRAL INDEX KEY:** 0001396167
- **IRS NUMBER:** 260161937
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1130

**FILING VALUES:**
- **FORM TYPE:** SC TO-I

**BUSINESS ADDRESS:**
- **STREET 1:** 100 INDEPENDENCE
- **STREET 2:** 610 MARKET STREET
- **CITY:** PHILADELPHIA
- **STATE:** PA
- **ZIP:** 19106-2354
- **BUSINESS PHONE:** 18005231918

**MAIL ADDRESS:**
- **STREET 1:** 100 INDEPENDENCE
- **STREET 2:** 610 MARKET STREET
- **CITY:** PHILADELPHIA
- **STATE:** PA
- **ZIP:** 19106-2354

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Delaware Investments Enhanced Global Dividend & Income Fund
- **DATE OF NAME CHANGE:** 20070411

AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON JANUARY 12, 2023

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

SCHEDULE TO

ISSUER TENDER OFFER STATEMENT

UNDER SECTION 13(e)(1) OF THE

SECURITIES EXCHANGE ACT OF 1934

**DELAWARE ENHANCED GLOBAL DIVIDEND AND INCOME FUND**

(Name of Subject Company)

**DELAWARE ENHANCED GLOBAL DIVIDEND AND INCOME FUND**

(Name of Filing Person (Issuer))

COMMON SHARES, NO PAR VALUE

(Title of Class of Securities)

<u>246060107</u> 

(CUSIP Number of Class of Securities)

David F. Connor, Esq., Secretary

Delaware Enhanced Global Dividend and Income Fund

100 Independence, 610 Market Street

Philadelphia, Pennsylvania 19106-2354

800-523-1918

(Name, Address and Telephone Number of Person Authorized to Receive

Notices and Communications on Behalf of Filing Person)

CALCULATION OF FILING FEE

TRANSACTION VALUATION $27,688,868.79 (a) AMOUNT OF FILING FEE: $3,051.31 (b)

(a) Pursuant to Rule 0-11(b)(1) under the Securities Exchange Act of 1934, as amended, the transaction value was calculated by multiplying 3,186,291 Common Shares of Delaware Enhanced Global Dividend and Income Fund by $8.69, 98% of the Net Asset Value per share of $8.87 as of the close of ordinary trading on the New York Stock Exchange on January 6, 2023.

(b) Calculated as $110.20 per $1,000,000 of the Transaction Valuation.

/ / Check box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing with which the offsetting fee was previously paid. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.

Amount Previously Paid: ______________________________

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Form or Registration No.: ____________________________________________________________

Filing Party: _______________________________________________________________________

Date Filed: _________________________________________________________________________

/ / Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer.

Check the appropriate boxes below to designate any transactions to which the statement relates:

/ / third-party tender offer subject to Rule 14d-1.

/X/ issuer tender offer subject to Rule 13e-4.

/ / going-private transaction subject to Rule 13e-3.

/ / amendment to Schedule 13D under Rule 13d-2.

Check the following box if the filing is a final amendment reporting the results of the tender offer: / /

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**EXPLANATORY NOTE**

Copies of the Offer to Purchase, dated January 12, 2023, and the Letter of Transmittal, among other documents, have been filed by Delaware Enhanced Global Dividend and Income Fund, as Exhibits to this Schedule TO, Tender Offer Statement (the "Schedule"), pursuant to Section 13(e)(1) of the Securities Exchange Act of 1934 (the "Exchange Act"). Unless otherwise indicated, all material incorporated herein by reference in response to items or sub-items of this Schedule is incorporated by reference from the corresponding caption in the Offer to Purchase, including the information provided under those captions.

**ITEM 1. SUMMARY TERM SHEET.**

Reference is hereby made to the Summary Term Sheet of the Offer to Purchase, which is attached as Exhibit (a)(1)(i) and is incorporated herein by reference.

**ITEM 2. SUBJECT COMPANY INFORMATION.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The name of the issuer is Delaware Enhanced Global Dividend and Income Fund, a diversified, closed-end management investment company organized as a Delaware statutory trust (the "Fund"). The principal executive offices of the Fund are located at 100 Independence, 610 Market Street, Philadelphia, Pennsylvania 19106-2354. The telephone number is 800 523-1918.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The title of the subject class of equity securities described in the offer is Common Shares (the "Shares"), with no par value. As of January 6, 2023, there were 10,620,970 Shares issued and outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The principal market in which the Shares are traded is the New York Stock Exchange. For information on the high, low and closing (as of the close of ordinary trading on the New York Stock Exchange on the last day of each of the Fund's fiscal quarters) net asset values and market prices of the Shares in such principal market for each quarter during the Fund's past two fiscal years, see Section 8, "Price Range of Shares" of the Offer to Purchase, which is incorporated herein by reference.

**ITEM 3. IDENTITY AND BACKGROUND OF FILING PERSON.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The name of the filing person is Delaware Enhanced Global Dividend and Income Fund (previously defined as the "Fund"), a diversified, closed-end management investment company registered under the Investment Company Act of 1940 (the "1940 Act") and organized as a Delaware statutory trust. The principal executive offices of the Fund are located at 100 Independence, 610 Market Street, Philadelphia, Pennsylvania 19106-2354. The telephone number is 800 523-1918. The filing person is the subject company. The members of the Board of Trustees of the Fund are as follows: Jerome D. Abernathy, Ann D. Borowiec, Joseph W. Chow, H. Jeffrey Dobbs, John A. Fry, Joseph Harroz, Jr., Sandra A.J. Lawrence, Shawn K. Lytle, Frances A. Sevilla-Sacasa, Thomas K. Whitford (Chair), Christianna Wood, and Janet L. Yeomans.

The executive officers of the Fund are Shawn K. Lytle, President and Chief Executive Officer, Richard Salus, Senior Vice President and Chief Financial Officer, David F. Connor, Senior Vice President, General Counsel, and Secretary, and Daniel V. Geatens, Senior Vice President and Treasurer.

Correspondence to the Trustees and executive officers of the Fund should be mailed to c/o Delaware Enhanced Global Dividend and Income Fund, 100 Independence, 610 Market Street, Philadelphia, Pennsylvania 19106-2354, Attn: Secretary.

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**ITEM 4. TERMS OF THE TRANSACTION.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Fund's Board of Trustees has determined to commence an offer to purchase up to 30%, or 3,186,291 Shares of the Fund's issued and outstanding Common Shares. The offer is for cash at a price equal to 98% of the Fund's net asset value per share ("NAV") as of the close of ordinary trading on the New York Stock Exchange on February 13, 2023, or the next business day after which the offer is extended, upon the terms and subject to the conditions set forth in the enclosed Offer to Purchase and the related Letter of Transmittal (which together constitute the "Offer").

A copy of the Offer to Purchase and the Letter of Transmittal is attached hereto as Exhibit (a)(1)(i) and Exhibit (a)(1)(ii), respectively, each of which is incorporated herein by reference. For more information on the type and amount of consideration offered to shareholders, the scheduled expiration date, extending the Offer and the Fund's intentions in the event of oversubscription, see Section 1, "Price; Number of Shares" and Section 15, "Extension of Tender Period; Termination; Amendments" of the Offer to Purchase. For information on the dates relating to the withdrawal of tendered Shares, the procedures for tendering Shares and withdrawing Shares tendered, and the manner in which Shares will be accepted for payment, see Section 2, "Procedures for Tendering Shares," Section 3, "Withdrawal Rights," and Section 4, "Payment for Shares" of the Offer to Purchase. For information on the federal income tax consequences of the Offer, see Section 2, "Procedures for Tendering Shares," Section 10, "Certain Effects of the Offer," and Section 14, "Certain Federal Income Tax Consequences," of the Offer to Purchase.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Fund has been informed that no Trustees, officers or affiliates (as the term "affiliate" is defined in Rule 12b-2 under the Exchange Act) of the Fund intend to tender Shares pursuant to the Offer to Purchase and, therefore, the Fund does not intend to purchase Shares from any officer, Trustee or affiliate of the Fund pursuant to the Offer to Purchase.

**ITEM 5. PAST CONTACTS, TRANSACTIONS, NEGOTIATIONS AND AGREEMENTS.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Reference is hereby made to Section 7, "Plans or Proposals of the Fund," Section 9, "Interest of Trustees and Executive Officers; Transactions and Arrangements Concerning the Shares," and Section 16, "Fees and Expenses" of the Offer to Purchase, which is incorporated herein by reference. Except as set forth therein, the Fund does not know of any agreement, arrangement or understanding, whether or not legally enforceable, between the Fund (including any of the Fund's executive officers or Trustees, any person controlling the Fund or any officer or director of any corporation or other person ultimately in control of the Fund) and any other person with respect to any securities of the Fund. The foregoing includes, but is not limited to: the transfer or the voting of securities, joint ventures, loan or option arrangements, puts or calls, guarantees of loans, guarantees against loss, or the giving or withholding of proxies, consents or authorizations.

**ITEM 6. PURPOSES OF THE TRANSACTION AND PLANS OR PROPOSALS.**

(a)-(c) Reference is hereby made to Section 6, "Purpose of the Offer," Section 7, "Plans or Proposals of the Fund," Section 10, "Certain Effects of the Offer," and Section 11, "Source and Amount of Funds" of the Offer to Purchase, which is incorporated herein by reference. Except as noted herein and therein, the events listed in Item 1006(c) of Regulation M-A are not applicable to the Fund (including any of the Fund's executive officers or Trustees, any person controlling the Fund or any officer or director of any corporation or other person ultimately in control of the Fund).

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**ITEM 7. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.**

(a)-(b) Reference is hereby made to Section 11, "Source and Amount of Funds" of the Offer to Purchase, which is incorporated herein by reference.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Not applicable.

The information requested by Item 1007(a), (b) and (d) of Regulation M-A is not applicable to the Fund's executive officers and Trustees, any person controlling the Fund or any executive officer or director of a corporation or other person ultimately in control of the Fund.

**ITEM 8. INTEREST IN SECURITIES OF THE SUBJECT COMPANY.**

(a)-(b) Reference is hereby made to Section 9, "Interest of Trustees and Executive Officers; Transactions and Arrangements Concerning the Shares" of the Offer to Purchase, which is incorporated herein by reference. There have not been any transactions in the Shares of the Fund that were effected during the past 60 days by the Fund. In addition, based upon the Fund's records and upon information provided to the Fund by its Trustees, executive officers and affiliates (as such term is used in Rule 12b-2 under the Exchange Act), to the best of the Fund's knowledge, there have not been any transactions involving the Shares of the Fund that were effected during the past 60 days by any executive officer or Trustee of the Fund, any person controlling the Fund, any executive officer or director of any corporation or other person ultimately in control of the Fund or by any associate or subsidiary of any of the foregoing, including any executive officer or director of any such subsidiary.

**ITEM 9. PERSONS/ASSETS RETAINED, EMPLOYED, COMPENSATED OR USED.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) No persons have been employed, retained or are to be compensated by or on behalf of the Fund to make solicitations or recommendations in connection with the Offer.

**ITEM 10. FINANCIAL STATEMENTS.**

Not applicable.

**ITEM 11. ADDITIONAL INFORMATION.**

(a)(1) Reference is hereby made to Section 9, "Interest of Trustees and Executive Officers; Transactions and Arrangements Concerning the Shares" of the Offer to Purchase, which is incorporated herein by reference.

(a)(2)-(5) Not applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Reference is hereby made to the Offer to Purchase, which is incorporated herein by reference.

**ITEM 12. EXHIBITS.**

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| | |
|:---|:---|
| (a)(1)(i) | Letter to Shareholders from the Senior Vice President and Chief Financial Officer of the Fund and Offer to Purchase. |
| (a)(1)(ii) | Letter of Transmittal. |
| (a)(1)(iii) | Letter to Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees. |
| (a)(1)(iv) | Letter to Clients and Client Instruction Form. |

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| | |
|:---|:---|
| (a)(1)(v) | Notice of Guaranteed Delivery. |
| (a)(1)(vi) | Guidelines for Certification of Taxpayer Identification Number on Substitute Form W-9. |
| (a)(2) | Not applicable. |
| (a)(3) | Not applicable. |
| (a)(4) | Not applicable. |
| (a)(5) | Press Releases dated December 1, 2022 and December 12, 2022.<sup>1</sup> |
| (b) | Not applicable. |
| (d)(1) | Depositary and Information Agent Agreement between the Fund and Computershare Trust Company, N.A., Computershare, Inc. and Georgeson LLC. |
| (d)(2) | Investment Management Agreement with Delaware Management Company dated January 4, 2010.<sup>2</sup> |
| (d)(3) | Amended and Restated Exhibit A dated October 24, 2011 to the Investment Management Agreement with Delaware Management Company dated January 4, 2010.<sup>3</sup> |
| (d)(4) | Transfer Agency Agreement with Computershare (successor by operation of law to Mellon Investor Services LLC) dated May 17, 2007. <sup>4</sup> |
| (d)(5) | Amended and Restated Fund Accounting and Financial Administration Services Agreement with The Bank of New York Mellon dated January 1, 2014.<sup>5</sup> |
| (d)(6) | Executed Amendment No. 1 dated July 1, 2017 to the Amended and Restated Fund Accounting and Financial Administration Services Agreement. <sup>6</sup> |
| (d)(7) | Mutual Fund Custody and Services Agreement with Mellon Bank, N.A. dated July 20, 2007.<sup>7</sup> |
| (d)(8) | Amendment dated January 1, 2014 to the Mutual Fund Custody and Services Agreement with Mellon Bank, N.A. dated July 20, 2007.<sup>8</sup> |
| (d)(9) | Amendment No. 2 dated July 1, 2017 to the Mutual Fund Custody and Services Agreement. <sup>9</sup> |
| (d)(10) | Amendment No. 3 dated December 19, 2017 to the Mutual Fund Custody and Services Agreement.<sup>10</sup> |
| (d)(11) | Amendment No. 5 dated December 31, 2021 to the Mutual Fund Custody and Services Agreement. |
| (d)(12) | Amendment No. 6 dated December 31, 2021 to the Mutual Fund Custody and Services Agreement. |
| (d)(13) | Amended and Restated Fund Accounting and Financial Administration Oversight Agreement with Delaware Service Company, Inc. dated January 1, 2014. <sup>11</sup> |
| (d)(14) | Assignment and Assumption Agreement dated November 1, 2014 between Delaware Service Company, Inc. and Delaware Investments Fund Services Company relating to the Amended and Restated Fund Accounting and Financial Administration Oversight Agreement with Delaware Service Company, Inc. dated January 1, 2014.<sup>12</sup> |
| (d)(15) | Amendment No. 1 dated September 1, 2017 to the Amended and Restated Fund Accounting and Financial Administration Oversight Agreement. <sup>13</sup> |
| (d)(16) | Amendment No. 2 dated October 11, 2021 to the Amended and Restated Fund Accounting and Financial Administration Oversight Agreement. |
| (d)(17) | Amendment No. 4 dated July 19, 2019 to the Mutual Fund Custody and Services Agreement.<sup>14</sup> |
| (g) | Not applicable. |
| (h) | Not applicable. |

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______________________

<sup>1</sup> Previously filed on Schedule TO via EDGAR on December 1, 2022 and December 13, 2022.

<sup>2</sup> Incorporated by reference to Exhibit 77Q(1) of the Fund's filing on Form N-SAR, filed with the SEC on July 30, 2010.

------

<sup>3</sup> Incorporated by reference to Exhibit (d)(3) of the Fund's Issuer Tender Offer Statement on Schedule TO, filed with the SEC on September 28, 2018.

<sup>4</sup> Incorporated by reference to Exhibit (d)(4) of the Fund's Issuer Tender Offer Statement on Schedule TO, filed with the SEC on May 31, 2019.

<sup>5</sup> Incorporated by reference to Exhibit (d)(5) of the Fund's Issuer Tender Offer Statement on Schedule TO, filed with the SEC on September 28, 2018.

<sup>6</sup> Incorporated by reference to Exhibit (d)(6) of the Fund's Issuer Tender Offer Statement on Schedule TO, filed with the SEC on September 28, 2018.

<sup>7</sup> Incorporated by reference to Exhibit (d)(7) of the Fund's Issuer Tender Offer Statement on Schedule TO, filed with the SEC on September 28, 2018.

<sup>8</sup> Incorporated by reference to Exhibit (d)(7) of the Delaware Investments Dividend and Income Fund, Inc.'s Issuer Tender Offer Statement on Schedule TO, filed with the SEC on June 1, 2015.

<sup>9</sup> Incorporated by reference to Exhibit (d)(8) of the Fund's Issuer Tender Offer Statement on Schedule TO, filed with the SEC on September 28, 2018.

<sup>10</sup> Incorporated by reference to Exhibit (d)(10) of the Fund's Issuer Tender Offer Statement on Schedule TO, filed with the SEC on May 31, 2019.

<sup>11</sup> Incorporated by reference to Exhibit (d)(9) of the Fund's Issuer Tender Offer Statement on Schedule TO, filed with the SEC on September 28, 2018.

<sup>12</sup> Incorporated by reference to Exhibit (d)(10) of the Fund's Issuer Tender Offer Statement on Schedule TO, filed with the SEC on September 28, 2018.

<sup>13</sup> Incorporated by reference to Exhibit (d)(11) of the Fund's Issuer Tender Offer Statement on Schedule TO, filed with the SEC on September 28, 2018.

<sup>14</sup> Incorporated by reference to Exhibit (d)(17) of the Fund's Issuer Tender Offer Statement on Schedule TO, filed with the SEC on June 2, 2021.

------

**SIGNATURE**

After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

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| |
|:---|
| **DELAWARE ENHANCED GLOBAL DIVIDEND AND INCOME FUND** |
| <u>/s/ Richard Salus</u> <br> Richard Salus<br> Senior Vice President and Chief Financial Officer |

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January 12, 2023

------

**EXHIBIT INDEX**

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| | |
|:---|:---|
| <u>EXHIBIT</u> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>DESCRIPTION</u> |
| [(a)(1)(i)](mimegdif4142931-ex99a1i.htm) | [Letter to Shareholders from the Senior Vice President and Chief Financial Officer of the Fund and Offer to Purchase.](mimegdif4142931-ex99a1i.htm) |
| [(a)(1)(ii)](mimegdif4142931-ex99a1ii.htm) | [Letter of Transmittal.](mimegdif4142931-ex99a1ii.htm) |
| [(a)(1)(iii)](mimegdif4142931-ex99a1iii.htm) | [Letter to Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees.](mimegdif4142931-ex99a1iii.htm) |
| [(a)(1)(iv)](mimegdif4142931-ex99a1iv.htm) | [Letter to Clients and Client Instruction Form.](mimegdif4142931-ex99a1iv.htm) |
| [(a)(1)(v)](mimegdif4142931-ex99a1v.htm) | [Notice of Guaranteed Delivery.](mimegdif4142931-ex99a1v.htm) |
| [(a)(1)(vi)](mimegdif4142931-ex99a1vi.htm) | [Guidelines for Certification of Taxpayer Identification Number on Substitute Form W-9.](mimegdif4142931-ex99a1vi.htm) |
| [(d)(1)](mimegdif4142931-ex99d1.htm) | [Depositary and Information Agent Agreement between the Fund and Computershare Trust Company, N.A., Computershare, Inc. and Georgeson LLC.](mimegdif4142931-ex99d1.htm) |
| [(d)(11)](mimegdif4142931-ex99d11.htm) | [Amendment No. 5 dated December 31, 2021 to the Mutual Fund Custody and Services Agreement.](mimegdif4142931-ex99d11.htm) |
| [(d)(12)](mimegdif4142931-ex99d12.htm) | [Amendment No. 6 dated December 31, 2021 to the Mutual Fund Custody and Services Agreement.](mimegdif4142931-ex99d12.htm) |
| [(d)(16)](mimegdif4142931-ex99d16.htm) | [Amendment No. 2 dated October 11, 2021 to the Amended and Restated Fund Accounting and Financial Administration Oversight Agreement.](mimegdif4142931-ex99d16.htm) |
| [(i)](mimegdif4142931-filingfees.htm) | [Calculation of Filing Table Fees.](mimegdif4142931-filingfees.htm) |

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------

## Ex-99.A1I

[**Table of Contents**](#toc)

**Exhibit (a)(1)(i)**

**Delaware Enhanced Global Dividend and Income Fund**

**100 Independence, 610 Market Street** 

**Philadelphia, Pennsylvania 19106-2354**

Dear Shareholder:

On December 1, 2022, Delaware Enhanced Global Dividend and Income Fund (the "Fund") announced that its Board of Trustees ("Board") authorized a potential offer to repurchase up to 30% of its shares. On December 12, 2022 the Fund announced that it would proceed with a tender offer to purchase up to 30% of the Fund's issued and outstanding common shares ("Common Shares") upon the terms and subject to the conditions set forth in the enclosed Offer to Purchase and the related Letter of Transmittal (which together constitute the "Offer"). If more than 30% of the Fund's Common Shares are tendered and not withdrawn, any purchases will be made on a pro rata basis. The offer is for cash at a price equal to 98% of the Fund's net asset value per share ("NAV") as of the close of ordinary trading on the New York Stock Exchange on the day after the offer expires (as described below). The Offer is designed to provide shareholders of the Fund with the opportunity to redeem some or all of their shares at a price very close to NAV should they wish to do so.

In order to participate, the materials described in the Offer must be delivered to Computershare by 5:00 p.m. New York City time, February 10, 2023, or such later date to which the Offer is extended (the "Expiration Date"). The pricing time and date for the Offer is currently scheduled to be the close of ordinary trading on the New York Stock Exchange on February 13, 2023. Should the Offer be extended beyond February 10, 2023, the pricing date will be the later of February 14, 2023 or the next business day following the newly designated Expiration Date. Shareholders who choose to participate in the Offer can expect payments for shares tendered and accepted to be mailed within approximately ten business days after the Expiration Date.

If, after carefully evaluating all of the information set forth in the Offer to Purchase, you wish to tender shares pursuant to the Offer, please follow the instructions contained in the Offer to Purchase and Letter of Transmittal or, if your shares are held of record in the name of a broker, dealer, commercial bank, trust company or other nominee, contact that firm to effect the tender for you. Shareholders are urged to consult their own investment and tax advisers and make their own decisions whether to tender any shares and, if so, how many shares to tender.

As of the close of ordinary trading on the New York Stock Exchange on January 6, 2023, the Fund's NAV was $8.87 per share and 10,620,970 shares were issued and outstanding. The Fund's NAV during the pendency of this Offer may be obtained by contacting Georgeson LLC, the Fund's Information Agent, toll free at: 888 605-8334.

**NEITHER THE FUND NOR ITS BOARD OF TRUSTEES IS MAKING ANY RECOMMENDATION TO ANY SHAREHOLDER WHETHER TO TENDER OR REFRAIN FROM TENDERING SHARES IN THE OFFER. THE FUND AND BOARD URGE EACH SHAREHOLDER TO READ AND EVALUATE THE OFFER AND RELATED MATERIALS CAREFULLY AND MAKE HIS OR HER OWN DECISION. QUESTIONS, REQUESTS FOR ASSISTANCE AND REQUESTS FOR ADDITIONAL COPIES OF THE OFFER SHOULD BE DIRECTED TO GEORGESON LLC AT 888 605-8334.**

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| |
|:---|
| Sincerely, |
| ![](mimegdif4142931-11kx1x1.jpg) |
| Richard Salus<br> Senior Vice President and Chief Financial Officer<br> January 12, 2023 |

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**Delaware Management Company is an indirect wholly owned subsidiary of Macquarie Group Limited (MGL). None of the entities noted in this document is an authorized deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia) and the obligations of these entities do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 542 (Macquarie Bank). Macquarie Bank does not guarantee or otherwise provide assurance in respect of the obligations of these entities. In addition, if this document relates to an investment (a) each investor is subject to investment risk including possible delays in repayment and loss of income and principal invested and (b) none of Macquarie Bank or any other Macquarie Group company guarantees any particular rate of return on or the performance of the investment, nor do they guarantee repayment of capital in respect of the investment.**

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[**Table of Contents**](#toc)

**OFFER TO PURCHASE**

**DELAWARE ENHANCED GLOBAL DIVIDEND AND INCOME FUND**

**OFFER TO PURCHASE FOR CASH 3,186,291**

**OUTSTANDING COMMON SHARES**

**SUMMARY TERM SHEET**

**THIS SUMMARY HIGHLIGHTS CERTAIN INFORMATION IN THIS OFFER TO PURCHASE. TO UNDERSTAND THE OFFER FULLY AND FOR A MORE COMPLETE DESCRIPTION OF THE TERMS OF THE OFFER, YOU SHOULD CAREFULLY READ THIS ENTIRE OFFER TO PURCHASE AND THE RELATED LETTER OF TRANSMITTAL. WE HAVE INCLUDED SECTION REFERENCES PARENTHETICALLY TO DIRECT YOU TO A MORE COMPLETE DESCRIPTION IN THE OFFER TO PURCHASE OF THE TOPICS IN THIS SUMMARY.**

***What and how many securities is Delaware Enhanced Global Dividend and Income Fund (the "Fund") offering to purchase? (See Section 1, "Price; Number of Shares")***

The Fund is offering to purchase up to 30% or 3,186,291 shares (the "Offer Amount") of its Common Shares ("Shares"). If the number of Shares properly tendered and not withdrawn prior to the date and time the offer expires is less than or equal to the Offer Amount, the Fund will, upon the terms and subject to the conditions of the offer, purchase all Shares tendered. If more Shares than the Offer Amount are properly tendered and not withdrawn prior to the date the offer expires, the Fund will purchase the Offer Amount on a pro rata basis. Shareholders cannot be assured that all of their tendered Shares will be repurchased.

***How much and in what form will the Fund pay me for my Shares? (See Section 1, "Price; Number of Shares" and Section 4, "Payment for Shares")***

The Fund will pay cash for Shares purchased pursuant to the offer. The purchase price will equal 98% of the net asset value per share ("NAV"), as of the close of ordinary trading on the New York Stock Exchange (the "NYSE") on February 13, 2023, unless the offer is extended. As of January 6, 2023, the Fund's NAV was $8.87 per Share. Of course, the NAV can change every business day. You can obtain current NAV quotations from Georgeson LLC, the information agent for the Offer ("Information Agent") at 888 605-8334.

***When does the offer expire? Can the Fund extend the offer, and if so, when will the Fund announce the extension? (See Section 1, "Price; Number of Shares" and Section 15, "Extension of Tender Period; Termination; Amendments")***

● The offer expires on Friday, February 10, 2023, at 5:00 p.m., New York City time, unless the Fund extends the offer.

● The Fund may extend the offer period at any time. If it does, the Fund will determine the purchase price on the later of February 13, 2023 or the first business day after the new expiration date.

● If the offer period is extended, the Fund will make a public announcement of the extension no later than 9:00 a.m. New York City time on the next business day following the previously scheduled expiration date.

***Will I have to pay any fees or commissions on Shares I tender? (See Section 1, "Price; Number of Shares," Section 4, "Payment for Shares" and Section 16, "Fees and Expenses")***

Shares will be purchased at 98% of the Fund's NAV to help defray certain costs of the tender, including the processing of tender forms, effecting payment, postage and handling. Excess costs associated with the tender will be charged against the Fund's capital. Excess fees collected, if any, will be returned to the Fund. No separate service fee will be charged in conjunction with the offer.

(i) ------

[**Table of Contents**](#toc)

***Does the Fund have the financial resources to pay me for my Shares? (See Section 11, "Source and Amount of Funds")***

Yes. If the Fund purchased 3,186,291 Shares at 98% of the January 6, 2023 NAV of $8.87 per Share, the cost of reimbursing the tendering shareholders would be approximately $27,688,869. The Fund intends to first use cash on hand to pay for Shares tendered, and then intends to sell portfolio securities or increase its borrowing under its current credit arrangement to raise any additional cash needed for the purchase of Shares.

***How do I tender my Shares? (See Section 2, "Procedures for Tendering Shares")***

If your Shares are registered in the name of a nominee holder, such as a broker, dealer, commercial bank, trust company or other nominee ("Nominee Holder"), you should contact that firm if you wish to tender your Shares.

All other shareholders wishing to participate in the offer must, prior to the date and time the offer expires, **either**:

● Complete and execute a Letter of Transmittal (or facsimile thereof), together with any required signature guarantees, and any other documents required by the Letter of Transmittal. You must send these materials to Computershare (the "Depositary") at its address set forth on page (vi) of this offer. If you hold certificates for Shares, you must send the certificates to the Depositary at its address set forth on page (vi) of this offer. If your Shares are held in book-entry form, you must comply with the book-entry delivery procedure set forth in Section 2.C of this offer. In all these cases, the Depositary must receive these materials prior to the date and time the offer expires.

 **OR** 

● Comply with the Guaranteed Delivery Procedure set forth in Section 2.D of this offer.

The Fund's transfer agent holds Shares in uncertificated form for certain shareholders pursuant to the Fund's dividend reinvestment plan. When a shareholder tenders share certificates, the Depositary will accept any of the shareholder's uncertificated Shares for tender first, and accept the balance of tendered Shares from the shareholder's certificated Shares.

***Until what time can I withdraw tendered Shares? (See Section 3, "Withdrawal Rights")***

You may withdraw your tendered Shares at any time prior to the date and time the offer expires. In addition, after the offer expires, you may withdraw your tendered Shares if the Fund has not yet accepted tendered Shares for payment by March 13, 2023.

***How do I withdraw tendered Shares? (See Section 3, "Withdrawal Rights")***

 If you desire to withdraw tendered Shares, you should either:

● Give proper written notice to the Depositary; or

● If your Shares are held of record in the name of a Nominee Holder, contact that firm to withdraw your tendered Shares.

***Will there be any tax consequences to tendering my Shares? (See Section 2, "Procedures for Tendering Shares," Section 10, "Certain Effects of the Offer" and Section 14, "Certain Federal Income Tax Consequences")***

Yes. If your tendered Shares are purchased, it will be a taxable transaction either in the form of a "sale or exchange" or, under certain circumstances, a "dividend." See Section 2.F with respect to the application of Federal income tax withholding on payments made to shareholders. Please consult your tax advisor as to the tax consequences of tendering your Shares in this offer.

***What is the purpose of the offer? (See Section 6, "Purpose of the Offer")***

The Board announced the potential tender offer on December 1, 2022, contingent on the shareholder approval of the proposal to reorganize DEX into abrdn Global Dynamic Dividend Fund ("Reorganization Proposal") at the adjourned Special Shareholder Meeting held on December 12, 2022 ("Special Meeting"). The tender offer proceeded after shareholders passed the Reorganization Proposal.

(ii) ------

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The commencement of the tender offer is pursuant to an agreement between the Fund and Bulldog Investors, LLP ("Bulldog") and certain associated parties (the "Standstill Agreement"). Pursuant to the Standstill Agreement, Bulldog agreed to be bound by certain standstill covenants and to vote its shares in connection with the Reorganization Proposal at the Special Meeting. The Fund's common shares have recently traded at a discount to their net asset value per share. There can be no assurance that the offer will result in the Fund's Shares trading at a price that approximates or is equal to their NAV.

Please bear in mind that neither the Fund nor its Board has made any recommendation as to whether or not you should tender your Shares. Shareholders are urged to consult their own investment and tax advisors and make their own decisions whether to tender any Shares and, if so, how many Shares to tender.

***What are the most significant conditions of the offer? (See Section 5, "Certain Conditions of the Offer")***

It is the Board of Trustees' policy that the Fund cannot accept Shares tendered for payment under any one of the following circumstances that, in the view of the Board of Trustees, would make it inadvisable to proceed with the offer, purchase or payment. The following is not a complete list. For a complete list of the conditions of the offer, please see Section 5, "Certain Conditions of the Offer."

● The Fund would be unable to sell portfolio securities in an orderly manner or such sale would have an adverse effect on the NAV of the Fund to the detriment of those shareholders who do not tender their Shares.

● The offer could impair compliance with U.S. Securities and Exchange Commission or Internal Revenue Service requirements.

● Trading generally or prices on the NYSE or National Association of Securities Dealers Automated Quotation System are suspended or limited.

● The purchase of Shares in the offer would result in the delisting of the Shares from the NYSE.

● In the Board of Trustees' judgment, there is a material legal action or proceeding instituted or threatened, challenging the offer or otherwise potentially materially adversely affecting the Fund.

● Certain circumstances exist beyond the Fund's control, including limitations imposed by federal or state authorities on the extension of credit by lenders or where banks have suspended payment.

● In the Board of Trustees' judgment, the Fund or its shareholders might be adversely affected if Shares were purchased in the offer.

● The Board of Trustees determines that the purchase of Shares might be a breach of its fiduciary duty.

***If I decide not to tender, how will the offer affect my Shares? (See Section 10, "Certain Effects of the Offer" and Section 16, "Fees and Expenses")***

If you do not tender your Shares (or if you own Shares following completion of the offer) you will be subject to any increased risks associated with the reduction in the Fund's total assets due to the payment for the tendered Shares. These risks may include greater volatility due to a decreased asset base and proportionately higher expenses. The reduced assets of the Fund as a result of the offer may result in less investment flexibility for the Fund, depending on the number of Shares repurchased, could limit the Fund's ability to use leverage, and may have an adverse effect on the Fund's investment performance.

***Whom do I contact if I have questions about the tender offer?***

For additional information or assistance, you may call the Information Agent toll-free at 888 605-8334.

(iii) ------

[**Table of Contents**](#toc)

**DELAWARE ENHANCED GLOBAL DIVIDEND AND INCOME FUND**<br> **OFFER TO PURCHASE FOR CASH 3,186,291**<br> **OF ITS ISSUED AND OUTSTANDING COMMON**<br> **SHARES AT 98% OF NET ASSET VALUE PER SHARE**

**THE OFFER PERIOD AND WITHDRAWAL RIGHTS**<br> **WILL EXPIRE AT 5:00 P.M. NEW YORK CITY TIME**<br> **ON FEBRUARY 10, 2023 , UNLESS THE OFFER IS EXTENDED.**

To the holders of Common Shares of Delaware Enhanced Global Dividend and Income Fund:

Delaware Enhanced Global Dividend and Income Fund, a diversified, closed-end management investment company organized as a Delaware statutory trust (the "Fund"), is offering to purchase up to 30%, or 3,186,291 shares of its Common Shares ("Offer Amount"), without par value ("Shares"), for cash at a price (the "Purchase Price") equal to 98% of their net asset value per share ("NAV") as of the close of ordinary trading on the New York Stock Exchange (the "NYSE") on February 13, 2023 or, if the offer is extended, on the later of February 13, 2023 or the next business day after the offer expires. The offer period and withdrawal rights will expire at 5:00 p.m. New York City time on February 10, 2023 (the "Initial Expiration Date"), unless extended (the Initial Expiration Date or the latest date to which the Offer is extended, the "Expiration Date"), upon the terms and subject to the conditions set forth in this Offer to Purchase and the related Letter of Transmittal (which together constitute the "Offer"). The Shares are currently traded on the NYSE under the ticker symbol "DEX." The NAV on January 6, 2023 was $8.87 per Share. You can obtain current NAV quotations from Georgeson LLC, the information agent for the Offer ("Information Agent") at 888 605-8334. For information on Share price history, see Section 8, "Price Range of Shares."

The Offer is not conditioned upon the tender of any minimum number of Shares. If the number of Shares properly tendered and not withdrawn prior to the Expiration Date is less than or equal to the Offer Amount, the Fund will, upon the terms and subject to the conditions of the Offer, purchase all Shares tendered. If more Shares than the Offer Amount are properly tendered and not withdrawn prior to the Expiration Date, the Fund will, upon the terms and subject to the conditions of the Offer, purchase the Offer Amount on a pro rata basis. See Section 1, "Price; Number of Shares."

If, after carefully evaluating all of the information set forth in the Offer, you wish to tender Shares pursuant to the Offer, please either follow the instructions contained in the Offer and Letter of Transmittal or, if your Shares are held of record in the name of a Nominee Holder, contact such firm to effect the tender for you. If you do not wish to tender your Shares, you need not take any action.

(iv) ------

[**Table of Contents**](#toc)

**THIS OFFER IS BEING MADE TO ALL SHAREHOLDERS**<br> **OF THE FUND AND IS NOT CONDITIONED UPON ANY**<br> **MINIMUM NUMBER OF SHARES BEING TENDERED.**

**THIS OFFER IS SUBJECT TO CERTAIN CONDITIONS.**<br> **SEE SECTION 5, "CERTAIN CONDITIONS OF THE OFFER."**

**IMPORTANT**

**Neither the Fund nor its Board of Trustees makes any recommendation to any shareholder as to whether to tender any or all of such shareholder's Shares. Shareholders are urged to evaluate carefully all information in the offer, consult their own investment and tax advisors, and make their own decisions whether to tender Shares and, if so, how many Shares to tender.** 

**No person has been authorized to make any recommendation on behalf of the Fund as to whether shareholders should tender Shares pursuant to the Offer. No person has been authorized to give any information or to make any representations in connection with the Offer other than those contained herein or in the Letter of Transmittal. If given or made, such recommendation and such information and representations must not be relied upon as having been authorized by the Fund. The Fund has been advised that no Trustee or executive officer of the Fund intends to tender any Shares pursuant to the Offer.** 

Questions and requests for assistance and requests for additional copies of this Offer to Purchase and Letter of Transmittal should be directed to the Information Agent at the telephone number set forth below.

***The Information Agent for the Offer is:***

Georgeson LLC<br> 1290 Avenue of the Americas, 9th Floor<br> New York, NY 10104

All Holders Call Toll Free: (888) 605-8334

***The Depositary for the Offer is:*** <br> Computershare <br> By E-mail: canoticeofguarantee@computershare.com <br> This email address can ONLY be used for delivery of<br> Notice of Guaranteed Delivery.

---

| | |
|:---|:---|
| <u>By Mail:</u> | By Registered, Certified <br> or Express Mail <br> <u>or Overnight Courier:</u> |
| Computershare Trust <br> Company, N.A.<br> c/o Voluntary Corporate Actions<br> P.O. Box 43011<br> Providence, RI 02940-3011 | Computershare Trust <br> Company, N.A.<br> c/o Voluntary Corporate Actions<br> 150 Royall Street, Suite V<br> Canton, MA 02021 |
| January 12, 2023 |  |

---

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**TABLE OF CONTENTS**

---

| | | |
|:---|:---|:---|
| SECTION | SECTION | PAGE |
|  | [Summary Term Sheet](#mimegdif4142931a001) | [(i)](#mimegdif4142931a001) |
| [1.](#mimegdif4142931a002) | [Price; Number of Shares](#mimegdif4142931a002) | [1](#mimegdif4142931a002) |
| [2.](#mimegdif4142931a003) | [Procedures for Tendering Shares](#mimegdif4142931a003) | [1](#mimegdif4142931a003) |
| [3.](#mimegdif4142931a004) | [Withdrawal Rights](#mimegdif4142931a004) | [5](#mimegdif4142931a004) |
| [4.](#mimegdif4142931a005) | [Payment for Shares](#mimegdif4142931a005) | [5](#mimegdif4142931a005) |
| [5.](#mimegdif4142931a006) | [Certain Conditions of the Offer](#mimegdif4142931a006) | [6](#mimegdif4142931a006) |
| [6.](#mimegdif4142931a007) | [Purpose of the Offer](#mimegdif4142931a007) | [6](#mimegdif4142931a007) |
| [7.](#mimegdif4142931a008) | [Plans or Proposals of the Fund](#mimegdif4142931a008) | [7](#mimegdif4142931a008) |
| [8.](#mimegdif4142931a009) | [Price Range of Shares](#mimegdif4142931a009) | [7](#mimegdif4142931a009) |
| [9.](#mimegdif4142931a010) | [Interest of Trustees and Executive Officers; <br> Transactions and Arrangements Concerning the Shares](#mimegdif4142931a010) | [8](#mimegdif4142931a010) |
| [10.](#mimegdif4142931a011) | [Certain Effects of the Offer](#mimegdif4142931a011) | [9](#mimegdif4142931a011) |
| [11.](#mimegdif4142931a012) | [Source and Amount of Funds](#mimegdif4142931a012) | [10](#mimegdif4142931a012) |
| [12.](#mimegdif4142931a013) | [Certain Information about the Fund](#mimegdif4142931a013) | [10](#mimegdif4142931a013) |
| [13.](#mimegdif4142931a014) | [Additional Information](#mimegdif4142931a014) | [11](#mimegdif4142931a014) |
| [14.](#mimegdif4142931a015) | [Certain Federal Income Tax Consequences](#mimegdif4142931a015) | [11](#mimegdif4142931a015) |
| [15.](#mimegdif4142931a016) | [Extension of Tender Period; Termination; Amendments](#mimegdif4142931a016) | [15](#mimegdif4142931a016) |
| [16.](#mimegdif4142931a017) | [Fees and Expenses](#mimegdif4142931a017) | [15](#mimegdif4142931a017) |
| [17.](#mimegdif4142931a018) | [Miscellaneous](#mimegdif4142931a018) | [15](#mimegdif4142931a018) |

---

------

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**1.** **PRICE; NUMBER OF SHARES.** 

The Fund will, upon the terms and subject to the conditions of the Offer, accept for payment (and thereby purchase) up to the Offer Amount of its issued and outstanding Shares or such lesser number as are properly tendered (and not withdrawn in accordance with Section 3, "Withdrawal Rights"). The Fund reserves the right to extend the Offer to a later Expiration Date. See Section 15, "Extension of Tender Period; Termination; Amendments." The later of the Initial Expiration Date or the latest time and date to which the Offer is extended is hereinafter called the "Expiration Date." The purchase price of the Shares will be 98% of their NAV computed as of the close of ordinary trading on the NYSE on February 13, 2023 or, if the Offer period is extended, the later of February 13, 2023 or the next business day following the newly designated Expiration Date. The NAV on January 6, 2023 was $8.87 per Share. You can obtain current NAV quotations from the Information Agent by calling 888 605-8334. Shareholders tendering Shares shall be entitled to receive all dividends with an "ex date" on or before the Expiration Date provided that they own shares as of the record date.

The Offer is being made to all shareholders of the Fund and is not conditioned upon any minimum number of Shares being tendered. If the number of Shares properly tendered and not withdrawn prior to the Expiration Date is less than or equal to the Offer Amount, the Fund will, upon the terms and subject to the conditions of the Offer, purchase all Shares so tendered. If more Shares than the Offer Amount are properly tendered and not withdrawn prior to the Expiration Date, the Fund will purchase the Offer Amount on a pro rata basis. Shares acquired by the Fund pursuant to the Offer will thereafter constitute authorized but unissued shares.

Shares will be purchased at 98% of the Fund's NAV to help defray certain costs of the tender, including the processing of tender forms, effecting payment, postage and handling. Excess costs associated with the tender will be charged against the Fund's capital. Excess fees collected, if any, will be returned to the Fund. No separate service fee will be assessed in conjunction with the Offer. Tendering shareholders will not be obligated to pay transfer taxes on the purchase of Shares by the Fund, except in the circumstances set forth in Section 4, "Payment for Shares."

On January 6, 2023, there were 10,620,970 Shares issued and outstanding and there were approximately 77 holders of record of Shares. The Fund has been advised that no Trustees or officers of the Fund or their associates (as such term is used in Rule 12b-2 under the Securities Exchange Act of 1934, as amended ("Exchange Act")), intend to tender any Shares pursuant to the Offer.

The Fund reserves the right, in its sole discretion, at any time or from time to time, to extend the period of time during which the Offer is open by giving notice of such extension to the Depositary and making a public announcement thereof. See Section 15, "Extension of Tender Period; Termination; Amendments." The Fund makes no assurance that it will extend the Offer. If the Fund decides, in its sole discretion, to decrease the number of Shares being sought and, at the time that notice of such decrease is first published, sent or given to holders of Shares in the manner specified below, the Expiration Date is less than ten business days away, the Expiration Date will be extended at least ten business days from the date of the notice. During any extension, all Shares previously tendered and not withdrawn will remain subject to the Offer, subject to the right of a tendering shareholder to withdraw his or her Shares.

**2.** **PROCEDURES FOR TENDERING SHARES.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**A. Proper Tender of Shares.**

Holders of Shares that are registered in the name of a nominee holder, such as a broker, dealer, commercial bank, trust company or other nominee ("Nominee Holder") should contact such firm if they desire to tender their Shares.

For Shares to be properly tendered pursuant to the Offer, the following must occur prior to 5:00 p.m. New York City time on the Expiration Date:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) A
 properly completed and duly
 executed Letter of Transmittal
 (or facsimile thereof), together
 with any required signature
 guarantees, (or an Agent's
 Message in the case of a book-entry
 transfer, as described in
 Section 2.C), and any other
 documents required by the
 Letter of Transmittal must
 be received by the Depositary
 at its address set forth on
 page (vi) of this Offer; and

(b) Either
 the certificates for the Shares
 must be received by the Depositary
 at its address set forth on
 page (vi) of this Offer, or
 the tendering shareholder
 must comply with the book-entry
 delivery procedure set forth
 in Section 2.C; or

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&nbsp;&nbsp;&nbsp;&nbsp;(c) Shareholders
 must comply with the Guaranteed
 Delivery Procedure set forth
 in Section 2.D.

If the Letter of Transmittal or any certificates or stock powers are signed by trustees, executors, administrators, guardians, agents, attorneys-in-fact, officers of corporations or others acting in a fiduciary or representative capacity, such persons should so indicate when signing and must submit proper evidence satisfactory to the Fund of their authority to so act.

Letters of Transmittal and certificates representing Shares should be sent to the Depositary; they should not be sent or delivered to the Fund.

The Fund's transfer agent holds Shares in uncertificated form for certain shareholders pursuant to the Fund's dividend reinvestment plan. When a shareholder tenders certificated Shares, the Depositary will accept any of the shareholder's uncertificated Shares for tender first, and accept the balance of tendered Shares from the shareholder's certificated Shares, and, upon request, will issue a new certificate for the remaining Shares.

Section 14(e) of the Exchange Act and Rule 14e-4 promulgated thereunder make it unlawful for any person, acting alone or in concert with others, to tender shares in a partial tender offer for such person's own account unless at the time of tender, and at the time the shares are accepted for payment, the person tendering has a net long position equal to or greater than the amount tendered in (i) shares, and will deliver or cause to be delivered such shares for the purpose of tender to the person making the offer within the period specified in the offer, or (ii) an equivalent security and, upon acceptance of his or her tender, will acquire shares by conversion, exchange, or exercise of such equivalent security to the extent required by the terms of the offer, and will deliver or cause to be delivered the shares so acquired for the purpose of tender to the fund prior to or on the expiration date. Section 14(e) and Rule 14e-4 provide a similar restriction applicable to the tender or guarantee of a tender on behalf of another person.

The acceptance of Shares by the Fund for payment will constitute a binding agreement between the tendering shareholder and the Fund upon the terms and subject to the conditions of the Offer, including the tendering shareholder's representation that (i) such shareholder has a net long position in the Shares being tendered within the meaning of Rule 14e-4 promulgated under the Exchange Act and (ii) the tender of such Shares complies with Rule 14e-4.

By submitting the Letter of Transmittal, a tendering shareholder shall, subject to and effective upon acceptance for payment of the Shares tendered, be deemed in consideration of such acceptance to sell, assign and transfer to, or upon the order of, the Fund all right, title and interest in and to all the Shares that are being tendered (and any and all dividends, distributions, other Shares or other securities or rights declared or issuable in respect of such Shares after the Expiration Date) and irrevocably constitute and appoint the Depositary the true and lawful agent and attorney-in-fact of the tendering shareholder with respect to such Shares (and any such dividends, distributions, other Shares or securities or rights), with full power of substitution (such power of attorney being deemed to be an irrevocable power coupled with an interest) to (a) deliver certificates for such Shares (and any such other dividends, distributions, other Shares or securities or rights) or transfer ownership of such Shares (and any such other dividends, distributions, other Shares or securities or rights), together, in either such case, with all accompanying evidences of transfer and authenticity to or upon the order of the Fund, upon receipt by the Depositary of the purchase price, (b) present such Shares (and any such other dividends, distributions, other Shares or securities or rights) for transfer on the books of the Fund, and (c) receive all benefits and otherwise exercise all rights of beneficial ownership of such Shares (and any such other dividends, distributions, other Shares or securities or rights), all in accordance with the terms of the Offer. Upon such acceptance for payment, all prior powers of attorney given by the tendering shareholder with respect to such Shares (and any such dividends, distributions, other shares or securities or rights) will, without further action, be revoked and no subsequent powers of attorney may be given by the tendering shareholder with respect to the tendered Shares (and, if given, will be null and void).

By submitting a Letter of Transmittal, and in accordance with the terms and conditions of the Offer, a tendering shareholder shall be deemed to represent and warrant that: (a) the tendering shareholder has full power and authority to tender, sell, assign and transfer the tendered Shares (and any and all dividends, distributions, other Shares or other securities or rights declared or issuable in respect of such Shares after the Expiration Date); (b) when and to the extent the Fund accepts the Shares for purchase, the Fund will acquire good, marketable and unencumbered title thereto, free and clear of all liens, restrictions, charges, proxies, encumbrances or other obligations relating to their sale or transfer, and not subject to any adverse claim; (c) on request, the tendering shareholder will execute and deliver any additional documents deemed by the Depositary or the Fund to be necessary or desirable to complete the sale, assignment and transfer of

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the tendered Shares (and any and all dividends, distributions, other Shares or securities or rights declared or issuable in respect of such Shares after the Expiration Date); and (d) the tendering shareholder has read and agreed to all of the terms of the Offer, including this Offer to Purchase and the Letter of Transmittal.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**B. Signature Guarantees and Method of Delivery.**

Signatures on the Letter of Transmittal are required to be guaranteed if the tendered stock certificates are registered in a name other than that of the tendering shareholder or if a check for cash is to be issued in a name other than that of the registered owner of such Shares. In those instances, all signatures on the Letter of Transmittal must be guaranteed by an eligible guarantor acceptable to the Depositary (an "Eligible Guarantor"). An Eligible Guarantor includes a bank, broker, dealer, credit union, savings association or other entity that is a member in good standing of the Securities Transfer Agents Medallion Program ("STAMP"), or a bank, broker, dealer, credit union, savings association or other entity that is an "Eligible Guarantor Institution" as such term is defined in Rule 17Ad-15 under the Exchange Act. Shareholders should contact the Depositary for a determination as to whether a particular institution is such an Eligible Guarantor. If Shares are tendered for the account of an institution that qualifies as an Eligible Guarantor, signatures on the Letter of Transmittal are not required to be guaranteed. If the Letter of Transmittal is signed by a person or persons authorized to sign on behalf of the registered owner(s), then the Letter of Transmittal must be accompanied by documents evidencing such authority to sign to the satisfaction of the Fund.

**THE METHOD OF DELIVERY OF ANY DOCUMENTS, INCLUDING CERTIFICATES FOR SHARES, IS AT THE ELECTION AND RISK OF THE PARTY TENDERING SHARES. IF DOCUMENTS ARE SENT BY MAIL, IT IS RECOMMENDED THAT THEY BE SENT BY REGISTERED MAIL, PROPERLY INSURED, WITH RETURN RECEIPT REQUESTED.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**C. Book-Entry Delivery Procedure.**

The Depositary will establish accounts with respect to the Shares at the Depository Trust Company ("DTC") for purposes of the Offer by January 12, 2023. Any financial institution that is a participant in any of DTC's systems may make delivery of tendered Shares by (i) causing DTC to transfer such Shares into the Depositary's account in accordance with DTC's procedure for such transfer; and (ii) causing a confirmation of receipt of such delivery to be received by the Depositary. DTC may charge the account of such financial institution for tendering Shares on behalf of shareholders. Notwithstanding that delivery of Shares may be properly effected in accordance with this book-entry delivery procedure, the Letter of Transmittal (or manually signed facsimile thereof), with signature guarantee, if required, or, in lieu of the Letter of Transmittal, an Agent's Message (as defined below) in connection with a book-entry transfer, must be transmitted to and received by the Depositary at the appropriate address set forth on page (vi) of this Offer to Purchase before 5:00 p.m. New York City time on the Expiration Date.

The term "Agent's Message" means a message from DTC transmitted to, and received by, the Depositary forming a part of a timely confirmation of a book-entry transfer (a "Book-Entry Confirmation"), which states that DTC has received an express acknowledgment from the DTC participant ("DTC Participant") tendering the Shares that are the subject of the Book-Entry Confirmation that (i) the DTC Participant has received and agrees to be bound by the terms of the Letter of Transmittal; and (ii) the Fund may enforce such agreement against the DTC Participant.

**DELIVERY OF DOCUMENTS TO DTC IN ACCORDANCE WITH DTC'S PROCEDURES DOES NOT CONSTITUTE DELIVERY TO THE DEPOSITARY FOR PURPOSES OF THIS OFFER.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**D. Guaranteed Delivery Procedure.**

If your certificates for Shares are not immediately available or time will not permit the Letter of Transmittal and other required documents to reach the Depositary prior to the Expiration Date, you may properly tender Shares if the following three conditions are met:

&nbsp;&nbsp;&nbsp;&nbsp;(i) You make
 such tenders by or through an Eligible Guarantor;

(ii) The
 Depositary receives, prior to 5:00 p.m. New York City time
 on the Expiration Date, a properly completed and duly executed
 Notice of Guaranteed Delivery substantially in the form provided
 by the Fund (delivered by hand, mail, telegram, telex, facsimile
 or email transmission); and

(iii) The
 certificates for all tendered Shares, or a Book-Entry Confirmation,
 together with a properly completed and duly executed Letter of
 Transmittal (or, in the case of a book-entry transfer, an Agent's
 Message in lieu of the Letter of Transmittal), and any other documents required by the Letter of Transmittal,
are received by the Depositary within two NYSE trading days after the execution date of the Notice of Guaranteed Delivery.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**E. Determination of Validity.**

All questions as to the validity, form, eligibility (including time of receipt) and acceptance of tenders will be determined by the Fund, in its sole discretion, whose determination shall be final and binding. The Fund reserves the absolute right to reject any or all tenders determined by it not to be in appropriate form or good order, or the acceptance of or payment for which may, in the opinion of the Fund's counsel, be unlawful. The Fund also reserves the absolute right to waive any of the conditions of the Offer or any defect in any tender with respect to any particular Shares or any particular shareholder, and the Fund's interpretations of the terms and conditions of the Offer will be final and binding. Unless waived, any defects or irregularities in connection with tenders must be cured within such times as the Fund shall determine. Tendered Shares will not be accepted for payment unless any defects or irregularities have been cured or waived within such time. Neither the Fund, the Depositary nor any other person shall be obligated to give notice of any defects or irregularities in tenders, nor shall any of them incur any liability for failure to give such notice.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**F. Federal Income Tax Withholding.**

*Backup Withholding.* To prevent backup federal income tax withholding equal to 24% of the gross payments made pursuant to the Offer, each shareholder must notify the Depositary of such shareholder's correct taxpayer identification number (or certify that such taxpayer is awaiting a taxpayer identification number) and provide certain other information by completing the Substitute Internal Revenue Service ("IRS") Form W-9 included in the Letter of Transmittal. Non-U.S. Shareholders (as that term is defined in the next paragraph) who have not previously submitted an IRS Form W-8 (W-8BEN, W-8BEN-E, W-8ECI, W-8EXP, or W-8IMY, as applicable, or their substitute forms) to the Depositary must do so in order to avoid backup withholding. Such form (and additional IRS forms) may be obtained from the Information Agent or the IRS at irs.gov. Additionally, if you submitted an IRS Form W-8 without a taxpayer identification number more than three years ago or any information on the IRS Form W-8 that you submitted has changed, you must submit a new IRS Form W-8 to avoid backup withholding.

*U.S. Withholding at the Source.* Since the Fund cannot determine whether a payment made pursuant to the Offer should be characterized as an "exchange" or a "dividend" for tax purposes at the time of the payment, any payment to a tendering shareholder who is a nonresident alien individual, a foreign trust or estate or a foreign corporation, as such terms are defined in the Internal Revenue Code of 1986, as amended (the "Code") (a "Non-U.S. Shareholder"), that does not hold its Shares in connection with a trade or business conducted in the United States, generally will be treated as a dividend for U.S. federal income tax purposes and generally will be subject to U.S. withholding tax at the rate of 30%. This 30% U.S. withholding tax will apply even if a Non-U.S. Shareholder has provided the required certification to avoid backup withholding (unless a reduced rate under an applicable tax treaty or exemption applies). A tendering Non-U.S. Shareholder who realizes a capital gain on a tender of Shares will not be subject to U.S. federal income tax on such gain, unless the Shareholder is an individual who is physically present in the United States for 183 days or more during the tax year and certain other conditions are satisfied. A tendering Non-U.S. Shareholder who realizes a capital gain may be eligible to claim a refund of the withheld tax by filing a U.S. tax return if the shareholder can demonstrate that the proceeds were not dividends. Special rules may also apply in the case of Non-U.S. Shareholders that are: (i) former citizens or residents of the United States; or (ii) subject to special rules such as "controlled foreign corporations." Non-U.S. Shareholders are advised to consult their own tax advisors.

*Foreign Account Tax Compliance Act ("FATCA") Withholding*. Since the Fund cannot determine whether a payment made pursuant to the Offer should be characterized as an "exchange" or a "dividend" for tax purposes at the time of the payment, the Fund will be required to withhold a 30% tax on any payment to a tendering shareholder that is a foreign financial institution ("FFI") or non-financial foreign entity ("NFFE") that fails to comply (or be deemed compliant) with extensive reporting and withholding requirements designed to inform the U.S. Department of the Treasury of U.S.-owned foreign investment accounts. The Fund may disclose the information that it receives from its shareholders to the IRS, non-U.S. taxing authorities or other parties as necessary to comply with FATCA or similar laws. Withholding also may be required if a foreign entity that is a shareholder of a Fund fails to provide the Fund with appropriate certifications or other documentation concerning its status under FATCA.

*Additional Information.* For an additional discussion of federal income tax withholding as well as a discussion of certain other federal income tax consequences to tendering shareholders, see Section 14, "Certain Federal Income Tax Consequences."

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**3.** **WITHDRAWAL RIGHTS.** 

Except as otherwise provided in this Section 3, tenders of Shares made pursuant to the Offer will be irrevocable. If you desire to withdraw Shares tendered on your behalf by a Nominee Holder, you may withdraw by contacting that firm and instructing them to withdraw such Shares. You have the right to withdraw tendered Shares at any time prior to 5:00 p.m. New York City time on the Expiration Date. Upon terms and subject to the conditions of the Offer, the Fund expects to accept for payment properly tendered Shares promptly after the Expiration Date. After 5:00 p.m. New York City time, on March 13, 2023, if the Fund has not yet accepted tendered Shares for payment, you may withdraw your tendered Shares.

To be effective, a written or facsimile transmission notice of withdrawal must be timely received by the Depositary at the address set forth on page (vi) of this Offer. Any notice of withdrawal must specify the name of the person who deposited the Shares to be withdrawn, the number of Shares to be withdrawn, and the names in which the Shares to be withdrawn are registered.

If certificates have been delivered to the Depositary, the name of the registered holder and the serial numbers of the particular certificates evidencing the Shares withdrawn must also be furnished to the Depositary and the signature on the notice of withdrawal must be guaranteed by an Eligible Guarantor. If Shares have been delivered pursuant to the book-entry delivery procedure (set forth in Section 2, "Procedures for Tendering Shares"), any notice of withdrawal must specify the name and number of the account at the book-entry transfer facility to be credited with the withdrawn Shares (which must be the same name, number, and book-entry transfer facility from which the Shares were tendered), and must comply with the procedures of DTC.

All questions as to the form and validity (including time of receipt) of notices of withdrawal will be determined by the Fund in its sole discretion, whose determination shall be final and binding. Neither the Fund, the Depositary nor any other person is or will be obligated to give any notice of any defects or irregularities in any notice of withdrawal, and none of them will incur any liability for failure to give any such notice. Shares properly withdrawn shall not thereafter be deemed to be tendered for purposes of the Offer. However, withdrawn Shares may be retendered by following the procedures described in Section 2, "Procedures for Tendering Shares," prior to 5:00 p.m. New York City time on the Expiration Date.

**4.** **PAYMENT FOR SHARES.** 

For purposes of the Offer, the Fund will be deemed to have accepted for payment (and thereby purchased) Shares that are tendered and not withdrawn when, as and if, it gives oral or written notice to the Depositary of its acceptance of such Shares for payment pursuant to the Offer. Upon the terms and subject to the conditions of the Offer, the Fund will, promptly after the Expiration Date, accept for payment (and thereby purchase) Shares properly tendered prior to 5:00 p.m. New York City time on the Expiration Date.

Payment for Shares accepted for payment pursuant to the Offer will be made by the Depositary out of funds made available to it by the Fund. The Depositary will act as agent for the Fund for the purpose of effecting payment to the tendering shareholders. In all cases, payment for Shares tendered and accepted for payment pursuant to the Offer will be made only after timely receipt by the Depositary of (i) Share certificates evidencing such Shares or a Book-Entry Confirmation of the delivery of such Shares, (ii) a properly completed and duly executed Letter of Transmittal (or a facsimile thereof) or, in the case of a book-entry transfer, an Agent's Message in lieu of the Letter of Transmittal, and (iii) any other documents required by the Letter of Transmittal. Accordingly, payment may not be made to all tendering shareholders at the same time and will depend upon when Share certificates are received by the Depositary or Book-Entry Confirmations of tendered Shares are received in the Depositary's account at DTC.

If any tendered Shares are not accepted for payment or are not paid because of an invalid tender, if certificates are submitted for more Shares than are tendered, or if a shareholder withdraws tendered Shares, (i) new certificates for such unpurchased Shares will be issued and sent, at the Fund's expense, to the tendering shareholder, as soon as practicable following the expiration, termination or withdrawal of the Offer, (ii) Shares delivered pursuant to the book-entry delivery procedures will be credited to the account from which they were delivered, and (iii) uncertificated Shares held by the Fund's transfer agent pursuant to the Fund's dividend reinvestment plan will be returned to the dividend reinvestment plan account maintained by the transfer agent.

The Fund will pay all transfer taxes, if any, payable on the transfer to it of Shares purchased pursuant to the Offer. If, however, payment of the purchase price is to be made to, or if unpurchased Shares were registered in the name of, any person other than the tendering holder, or if any tendered certificates are registered or the Shares tendered are held in the name of any person other than the person signing the

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Letter of Transmittal, the amount of any transfer taxes (whether imposed on the registered holder or such other person) payable on account of such transfer will be deducted from the purchase price unless satisfactory evidence of the payment of such taxes, or exemption therefrom, is submitted. In addition, if certain events occur, the Fund may not be obligated to purchase Shares pursuant to the Offer. See Section 5, "Certain Conditions of the Offer."

Any tendering shareholder or other payee who fails to complete fully and sign the Substitute IRS Form W-9 in the Letter of Transmittal may be subject to backup federal income tax withholding of 24% of the gross proceeds paid to such shareholder or other payee pursuant to the Offer. Non-U.S. shareholders should provide the Depositary with a completed IRS Form W-8BEN (or other IRS Form W-8, where applicable, or their substitute forms) in order to avoid 24% backup withholding. A copy of IRS Form W-8 will be provided upon request from the Information Agent or may be obtained from the IRS at irs.gov. See Section 2, "Procedures for Tendering Shares" and Section 14, "Certain Federal Income Tax Consequences."

**5.** **CERTAIN CONDITIONS OF THE OFFER.** 

Notwithstanding any other provision of the Offer, the Fund will not accept tenders or effect repurchases if: (1) such transactions, if consummated, would (a) result in delisting of the Fund's Shares from the NYSE (the NYSE Listed Company Manual provides that the NYSE would promptly initiate suspension and delisting procedures with respect to closed-end funds if the average global market capitalization of the entity over thirty consecutive trading days is below $50,000,000); (b) impair the Fund's status as a regulated investment company under the Code (which would make the Fund subject to U.S. federal income taxes on all of its income and gains in addition to the taxation of shareholders who receive distributions from the Fund); or (c) result in a failure to comply with the applicable asset coverage requirements in the event any senior securities are issued and outstanding; (2) the amount of Shares tendered would require liquidation of such a substantial portion of the Fund's portfolio securities that the Fund would not be able to liquidate portfolio securities in an orderly manner in light of the existing market conditions and such liquidation would have an adverse effect on the NAV of the Fund to the detriment of non-tendering shareholders; (3) there is any (a) in the Board of Trustees' judgment, material legal action or proceeding instituted or threatened challenging such transactions or otherwise materially adversely affecting the Fund; (b) suspension of or limitation on prices for trading securities generally on the NYSE or other national securities exchange(s), or the National Association of Securities Dealers Automated Quotation System ("NASDAQ") National Market System; (c) declaration of a banking moratorium by Federal or state authorities or any suspension of payment by banks in the United States or New York State; (d) limitation affecting the Fund or the issuers of its portfolio securities imposed by federal or state authorities on the extension of credit by lending institutions; (e) commencement of war, armed hostilities or other international or national calamity directly or indirectly involving the United States; or (f) in the Board of Trustees' judgment, other event or condition which would have a material adverse effect on the Fund or its shareholders if tendered Shares were purchased; or (4) the Board of Trustees determines that effecting any such transaction would constitute a breach of their fiduciary duty owed to the Fund or its shareholders. The Board of Trustees may modify these conditions in light of experience.

The Fund reserves the right, at any time during the pendency of the Offer, to terminate, extend or amend the Offer in any respect. If the Fund determines to terminate or amend the Offer or to postpone the acceptance for payment of or payment for Shares tendered, it will, to the extent necessary, extend the period of time during which the Offer is open as provided in Section 15, "Extension of Tender Period; Termination; Amendments." In the event any of the foregoing conditions are modified or waived in whole or in part at any time, the Fund will promptly make a public announcement of such waiver and may, depending on the materiality of the modification or waiver, extend the Offer period as provided in Section 15, "Extension of Tender Period; Termination; Amendments."

**6.** **PURPOSE OF THE OFFER.** 

The Board announced the potential tender offer on December 1, 2022, contingent on the shareholder approval of the proposal to reorganize DEX into abrdn Global Dynamic Dividend Fund ("Reorganization Proposal") at the adjourned Special Shareholder Meeting held on December 12, 2022 ("Special Meeting"). The tender offer proceeded after shareholders passed the Reorganization Proposal.

The commencement of the tender offer is pursuant to a Standstill Agreement between the Fund and Bulldog and certain associated parties. Pursuant to the Standstill Agreement, Bulldog agreed to be bound by certain standstill covenants and to vote its shares in connection with the Reorganization Proposal at the Special Meeting. The Board has determined to effect this Offer under Rule 13e-4 of the Exchange Act.

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The Fund's common shares have recently traded at a discount to their net asset value per share. There can be no assurance that this Offer will reduce or eliminate any spread ("discount") between the market price and the NAV of the Shares. The market price of the Shares will be determined by, among other things, the relative demand for and supply of Shares in the market, the Fund's investment performance, the Fund's dividends and yields, and investor perception of the Fund's overall attractiveness as an investment as compared with other investment alternatives. Historically, tender offers have resulted in only a temporary reduction in the discount. Nevertheless, the fact that the Offer is being conducted may result in more of a reduction in the discount than might otherwise be the case. Consistent with their fiduciary obligations, in addition to the Offer, the Board of Trustees will continue to consider alternative means to reduce or eliminate the Fund's market value discount from NAV. The Fund makes no assurance that it will make another tender offer in the future.

**NEITHER THE FUND NOR ITS BOARD OF TRUSTEES MAKES ANY RECOMMENDATION TO ANY SHAREHOLDER AS TO WHETHER TO TENDER OR REFRAIN FROM TENDERING ANY OR ALL OF SUCH SHAREHOLDER'S SHARES AND HAS NOT AUTHORIZED ANY PERSON TO MAKE ANY SUCH RECOMMENDATION. SHAREHOLDERS ARE URGED TO EVALUATE CAREFULLY ALL INFORMATION IN THE OFFER, CONSULT THEIR OWN INVESTMENT AND TAX ADVISORS, AND MAKE THEIR OWN DECISIONS WHETHER TO TENDER SHARES AND, IF SO, HOW MANY SHARES TO TENDER.**

**7.** **PLANS OR PROPOSALS OF THE FUND.** 

The commencement of the tender offer is related to the Board of Trustees' announcement on December 1, 2022, of a potential tender offer contingent on fund shareholder approval of the upcoming reorganization of the Fund into the abrdn Global Dynamic Dividend Fund. The tender offer proceeded when fund shareholder approval was obtained at the Special Meeting. It is currently expected that the Reorganization will be completed in the first quarter of 2023 subject to the satisfaction of customary closing conditions. Further details on the reorganization date will be made available in a future press release. The Fund otherwise has no present plans or proposals, and is not engaged in any negotiations, that relate to or would result in: any extraordinary corporate transaction, such as a merger, reorganization or liquidation involving the Fund; any purchase, sale or transfer of a material amount of assets of the Fund (other than in its ordinary course of business); any material changes in the Fund's present capitalization (except as resulting from the Offer or otherwise set forth herein); or any other material changes in the Fund's structure or business.

**8.** **PRICE RANGE OF SHARES.** 

The Shares are traded on the NYSE. During each completed fiscal quarter of the Fund during the past two fiscal years, the highest and lowest NAV and Market Price per Share, and period-end NAV and Market Price per Share (as of the close of ordinary trading on the NYSE on the last day of such periods) were as follows:

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **<u>Fiscal Quarter Ended</u>** | **<u>NAV ($)</u>** | **<u>NAV ($)</u>** | **<u>NAV ($)</u>** | **<u>Market Price ($)</u>** | **<u>Market Price ($)</u>** | **<u>Market Price ($)</u>** |
|  | **High** | **Low** | **Close** | **High** | **Low** | **Close** |
| February 28, 2021 | $10.96 | $10.50 | $10.63 | $9.87 | $9.47 | $9.58 |
| May 31, 2021 | $11.31 | $10.64 | $11.30 | $10.47 | $9.55 | $10.47 |
| August 31, 2021 | $11.45 | $11.12 | $11.31 | $10.99 | $10.27 | $10.48 |
| November 30, 2021 | $11.39 | $10.65 | $10.65 | $10.62 | $9.78 | $9.78 |
| February 28, 2022 | $11.19 | $10.17 | $10.36 | $10.33 | $9.01 | $9.23 |
| May 31, 2022 | $10.42 | $9.15 | $9.58 | $9.21 | $7.58 | $8.25 |
| August 31, 2022 | $9.61 | $8.45 | $8.59 | $8.62 | $7.26 | $7.76 |
| November 30, 2022 | $8.80 | $7.75 | $8.80 | $8.05 | $6.74 | $7.73 |

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The Fund has a managed distribution policy. Currently under the Fund's managed distribution policy, the Fund makes monthly distributions to common shareholders at a targeted annual distribution rate of 7.0% of the Fund's average NAV per share. The Fund calculates the average NAV per share from the previous three full months immediately prior to the distribution based on the number of business days in those three months on which the NAV is calculated. The distribution will be calculated as 7.0% of the prior three month's average NAV per share, divided by 12. Under the policy, the Fund is managed with a goal of generating as much of the distribution as possible from net investment income and short-term capital gains. The balance of the distribution will then come from long-term capital gains to the extent permitted, and if necessary, from a return of capital. Even though the Fund may realize current year capital gains, such gains may be offset, in

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whole or in part, by any capital loss carryovers from prior years. The Fund continues to evaluate its monthly distributions in light of ongoing economic and market conditions and may change the amount of the monthly distribution in the future. However, the Offer could result in additional distributions separate from those declared pursuant to the managed distribution policy due to the sale of portfolio securities in connection with the Offer. See "Recognition of Capital Gains" in Section 10, "Certain Effects of the Offer."

Shareholders tendering Shares shall be entitled to receive all dividends with an "ex date" on or before the Expiration Date, but not yet paid, on Shares tendered pursuant to the Offer. At this time, it is anticipated that a cash dividend will be declared by the Board of Trustees with a record date before the Expiration Date and that, accordingly, holders of Shares purchased pursuant to the Offer will receive such dividend with respect to such Shares. The amount and frequency of dividends in the future will depend on circumstances existing at that time.

**9.** **INTEREST OF TRUSTEES AND EXECUTIVE OFFICERS; TRANSACTIONS AND ARRANGEMENTS CONCERNING THE SHARES.** 

The members of the Board of Trustees of the Fund are: Jerome D. Abernathy, Ann D. Borowiec, Joseph W. Chow, H. Jeffrey Dobbs, John A. Fry, Joseph Harroz, Jr., Sandra A.J. Lawrence, Shawn K. Lytle, Frances A. Sevilla-Sacasa, Thomas K. Whitford (Chair), Christianna Wood, and Janet L. Yeomans.

The executive officers of the Fund are Shawn K. Lytle, President and Chief Executive Officer, Richard Salus, Senior Vice President and Chief Financial Officer, David F. Connor, Senior Vice President, General Counsel, and Secretary, and Daniel V. Geatens, Senior Vice President and Treasurer.

Correspondence to the Trustees and executive officers of the Fund should be mailed to c/o Delaware Enhanced Global Dividend and Income Fund, 100 Independence, 610 Market Street, Philadelphia, Pennsylvania 19106-2354, Attn: Secretary.

Based upon the Fund's records and upon information provided to the Fund by its Trustees, executive officers and affiliates (as such term is used in Rule 12b-2 under the Exchange Act), as of January 6, 2023, the Trustees and executive officers of the Fund and their associates (as that term is defined in Rule 12b-2 under the Exchange Act), as a group beneficially owned no Shares. The Fund has been informed that no Trustee or executive officer of the Fund intends to tender any Shares pursuant to the Offer.

Based upon the Fund's records and upon information provided to the Fund by its Trustees, executive officers and affiliates (as such term is used in Rule 12b-2 under the Exchange Act), neither the Fund nor, to the best of the Fund's knowledge, any of the Trustees or executive officers of the Fund, nor any associates (as such term is used in Rule 12b-2 under the Exchange Act) of any of the foregoing, has effected any transactions in Shares during the sixty business day period prior to the date hereof.

Except as set forth in this Offer to Purchase, neither the Fund nor, to the best of the Fund's knowledge, any of its affiliates, Trustees or executive officers, is a party to any contract, arrangement, understanding or relationship with any other person relating, directly or indirectly, to the Offer with respect to any Shares (including, but not limited to, any contract, arrangement, understanding or relationship concerning the transfer or the voting of any Shares, joint ventures, loan or option arrangements, puts or calls, guaranties of loans, guaranties against loss or the giving or withholding of proxies, consents or authorizations).

Delaware Management Company, a series of Macquarie Investment Management Business Trust, serves as investment advisor (the "Advisor") to the Fund pursuant to an investment management agreement. Under the investment management agreement, the Advisor provides investment advisory services to the Fund for an annual fee calculated daily at the rate of 0.95% of the Fund's adjusted average daily net assets (which includes amounts attributable to leverage).

The Fund also is a party to certain other service agreements. The Fund is a party to an Accounting and Financial Administration Services Agreement with The Bank of New York Mellon ("BNY Mellon") under which BNY Mellon provides fund accounting and financial administration services to the Fund. For these services, the Fund pays BNY Mellon a flat fee as well as an asset-based fee, subject to certain fee minimums, plus certain out-of-pocket expenses and transactional charges. Delaware Investments Fund Services Company ("DIFSC"), an affiliate of the Advisor, provides fund accounting and financial administration oversight services to the Fund. For these services, the Fund pays DIFSC an annual minimum fee, an asset-based fee, plus certain-of-pocket expenses and transactional charges. BNY Mellon also serves as custodian for the Fund's portfolio securities pursuant to the Custodian Agreement entered into with the Fund. Under the Custodian Agreement, the Fund is obligated to pay BNY Mellon an annual minimum fee, an asset-based fee, plus certain out-of-pocket expenses. The Fund is a party to a transfer agency agreement with Computershare.

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Pursuant to this transfer agency agreement, the Fund pays Computershare a monthly fee plus out-of-pocket expenses for the services it provides as transfer agent, dividend disbursing agent and registrar for the Fund. The Fund has entered into a Credit Agreement with BNY Mellon pursuant to which the Fund may borrow money from BNY Mellon. Interest on borrowings is based on a variable short-term rate plus a margin. The Fund also pays a commitment fee, which is calculated as a percentage of the unused balance under the Credit Agreement. The amounts paid by the Fund under these service agreements are disclosed in the Fund's financial statements, which can be found in the Fund's annual and semiannual reports.

**10.** **CERTAIN EFFECTS OF THE OFFER.** 

*Effect on NAV and Consideration Received by Tendering Shareholders.* To pay the aggregate purchase price of Shares accepted for payment pursuant to the Offer, the Fund anticipates that funds will be first derived from any cash on hand and then from the proceeds from the sale of portfolio securities held by the Fund or from the Fund's credit arrangements. If the Fund is required to sell a substantial amount of portfolio securities to raise cash to finance the Offer, the over-supply of portfolio securities for sale could cause market prices of the Fund's portfolio securities, and hence the Fund's NAV, to decline. If such a decline occurs, the Fund cannot predict what its magnitude might be or whether such a decline would be temporary or continue to or beyond the Expiration Date. Because the price per Share to be paid in the Offer will be dependent upon the NAV as determined on the later of February 13, 2023 or the first business day after the Expiration Date, if such a decline continued to the Expiration Date, the consideration received by tendering shareholders would be less than it otherwise might be. In addition, a sale of portfolio securities will cause increased brokerage and related transaction expenses, and the Fund may receive proceeds from the sale of portfolio securities that are less than the valuations of such securities by the Fund. Accordingly, because of the Offer, the Fund's NAV may decline more than it otherwise might, thereby reducing the amount of proceeds received by tendering shareholders, and also reducing the NAV for non-tendering shareholders.

The Fund may sell portfolio securities during the pendency of the Offer to raise cash for the purchase of Shares. Thus, it is likely that during the pendency of the Offer, and possibly for a short time thereafter, the Fund will hold a greater than normal percentage of its net assets in cash and cash equivalents. This larger cash position may interfere with the Fund's ability to meet its investment objective. The Fund is required by law to pay for tendered Shares it accepts for payment promptly after the Expiration Date of this Offer. Because the Fund will not know the number of Shares tendered until the Expiration Date, and will not know the NAV on which the tender price is based until the later of February 13, 2023 or the first business day after the Expiration Date, the Fund will not know until after the Expiration Date the amount of cash required to pay for such Shares. If on or prior to the Expiration Date the Fund does not have, or believes it is unlikely to have, sufficient cash to pay for all Shares tendered, it may extend the Offer to allow additional time to sell portfolio securities or increase its borrowing under its current credit arrangement to raise sufficient cash.

*Recognition of Capital Gains*. As noted, the Fund will likely be required to sell portfolio securities pursuant to the Offer. If the Fund's tax basis for the securities sold is less than the sale proceeds, the Fund will recognize capital gains. The Fund would expect to distribute any such gains to shareholders of record (reduced by net capital losses realized during the fiscal year, if any, and available capital loss carry-forwards) following the end of the Fund's fiscal year. This recognition and distribution of gains, if any, would have two negative consequences: first, shareholders at the time of a declaration of distributions would be required to pay taxes on a greater amount of capital gain distributions than otherwise would be the case; and second, to raise cash to make the distributions, the Fund might need to sell additional portfolio securities, thereby possibly being forced to realize and recognize additional capital gains. It is impossible to predict what the amount of unrealized gains or losses would be in the Fund's portfolio at the time that the Fund is required to liquidate portfolio securities (and hence the amount of capital gains or losses that would be realized and recognized). As of November 30, 2022, there was unrealized depreciation of $13,302,129 and capital loss carry-forwards from prior years of $0.

In addition, some distributed gains may be realized on securities held for one year or less, which would generate income taxable to the shareholders at ordinary income rates. This could adversely affect the Fund's after-tax performance.

*Tax Consequences of Repurchases to Shareholders.* The Fund's purchase of tendered Shares pursuant to the Offer will have tax consequences for tendering shareholders and may have tax consequences for non-tendering shareholders. See Section 14 "Certain Federal Income Tax Consequences."

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*Effect on Remaining Shareholders, Higher Expense Ratio and Less Investment Flexibility.* The purchase of Shares by the Fund pursuant to the Offer will have the effect of increasing the proportionate interest in the Fund of non-tendering shareholders. All shareholders remaining after the Offer will be subject to any increased risks associated with the reduction in the Fund's aggregate assets resulting from payment for the tendered Shares, such as greater volatility due to decreased diversification and proportionately higher expenses. The reduced net assets of the Fund as a result of the Offer may result in less investment flexibility for the Fund, depending on the number of Shares repurchased, and may have an adverse effect on the Fund's investment performance.

*Effect on Percentage of Illiquid Securities in the Fund's Portfolio.* As of January 6, 2023, the Fund held illiquid portfolio securities in an amount equal to 0.007% of the Fund's total net assets. If the Fund does not purchase any additional illiquid securities, no existing portfolio securities become illiquid prior to the Expiration Date, and 30% of the Fund's Shares are purchased pursuant to the Offer, the portion of illiquid securities in the Fund's portfolio would remain approximately 0.01% of the Fund's total net assets following the Offer, assuming no other change in total net assets.

*Possible Proration.* If greater than 30% of the Fund's Shares are tendered pursuant to the Offer, the Fund would, upon the terms and subject to the conditions of the Offer, purchase Shares tendered on a pro rata basis. Accordingly, shareholders cannot be assured that all of their tendered Shares will be repurchased.

**THE OFFER MAY HAVE CERTAIN ADVERSE CONSEQUENCES FOR TENDERING AND NON-TENDERING SHAREHOLDERS.**

**11.** **SOURCE AND AMOUNT OF FUNDS.** 

The actual cost to the Fund cannot be determined at this time because the number of Shares to be purchased will depend on the number tendered, and the price will be 98% of the NAV on the later of February 13, 2023 or the business day after the Expiration Date. If the NAV on that date were the same as the NAV per Share on January 6, 2023, and if 30% of the outstanding Shares were purchased pursuant to the Offer, the estimated cost to the Fund, not including fees and expenses incurred in connection with the Offer, would be approximately $27,688,869.

The money to be used by the Fund to purchase Shares pursuant to the Offer will be first obtained from any cash on hand and then from the proceeds of sales of securities in the Fund's investment portfolio or from the Fund's credit arrangements. The Board of Trustees believes that the Fund has sufficient liquidity to purchase the Shares that may be tendered pursuant to the Offer. However, if, in the judgment of the Board of Trustees, there is not sufficient liquidity of the assets of the Fund to pay for tendered Shares, the Fund may terminate the Offer. See Section 5, "Certain Conditions of the Offer." The Fund will not borrow money or undertake any other alternative arrangements to finance the purchase of tendered Shares.

**12.** **CERTAIN INFORMATION ABOUT THE FUND.** 

The Fund was organized as a Delaware statutory trust on April 12, 2007, and is a diversified, closed-end management investment company registered under the Investment Company Act of 1940, as amended (the "1940 Act"). The Shares were first issued to the public on June 26, 2007. As a closed-end investment company, the Fund differs from an open-end investment company (i.e., a mutual fund) in that it does not redeem its Shares at the election of a shareholder and does not continuously offer its Shares for sale to the public.

The Fund's primary investment objective is to seek current income. Capital appreciation is a secondary objective. The Fund seeks to achieve its objectives by investing globally in dividend-paying or income-generating securities across multiple assets classes, including but not limited to: equity securities of large, well-established companies; securities issued by real estate companies (including real estate investment trusts and real estate industry operating companies); debt securities (such as government bonds; investment grade and high risk, high yield corporate bonds; and convertible bonds); and emerging market securities. The Fund also uses enhanced income strategies by engaging in dividend capture trading; option overwriting; and realization of gains on the sale of securities, dividend growth and currency forwards. There is no assurance that the Fund will achieve its investment objectives.

The principal executive offices of the Fund are located at 100 Independence, 610 Market Street, Philadelphia, Pennsylvania 19106-2354.

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**13.** **ADDITIONAL INFORMATION.** 

The Fund is subject to the information and reporting requirements of the 1940 Act and in accordance therewith is obligated to file reports and other information with the U.S. Securities and Exchange Commission (the "Commission") relating to its business, financial condition and other matters. The Fund has also filed an Issuer Tender Offer Statement on Schedule TO with the Commission. Such reports and other information are available for inspection at the public reference room at the Commission's office, 100 F Street, N.E., Washington, D.C. 20549. Copies may be obtained, by mail, upon payment of the Commission's customary charges, by writing to its principal office at 100 F Street, N.E., Washington, D.C. 20549. Such reports and other information are also available free of charge on the Commission's website (sec.gov).

**14.** **CERTAIN FEDERAL INCOME TAX CONSEQUENCES.** 

The following discussion is a general summary of the U.S. federal income tax consequences of a sale of Shares pursuant to the Offer. Shareholders should consult their own tax advisors regarding the tax consequences of a sale of Shares pursuant to the Offer, as well as the effects of state, local and foreign tax laws. See also "Federal Income Tax Withholding," in Section 2.F.

*<u>Federal Income Tax Consequences to Tendering Shareholders - U.S. Shareholders.</u>*

*In General.* A shareholder's tender of all or a part of its Shares for cash pursuant to the Offer will be a taxable transaction for federal income tax purposes. The tax consequences of the sale will be determined in part under the stock redemption rules of Section 302 of the Code. The amount and characterization of income recognized by a shareholder in connection with a sale pursuant to the Offer will depend on whether the sale is treated as an "exchange" or a "dividend" for tax purposes.

*Treatment as an Exchange.* If the redemption qualifies under any of the provisions of Section 302(b) of the Code, as more fully described below, the cash received pursuant to the Offer will be treated as a distribution from the Fund in exchange for the Shares sold. The treatment accorded to such an exchange results in a shareholder recognizing gain or loss equal to the difference between (a) the cash received by the shareholder pursuant to the Offer and (b) the shareholder's adjusted tax basis in the Shares surrendered. Assuming the Shares are held as capital assets, such recognized gain or loss will be capital gain or loss. If the Shares were held longer than one year, such capital gain or loss will be long-term. The maximum rate on long-term capital gains for individuals applicable to such a sale of Shares is 20%. If the Shares were held for one year or less, such capital gain or loss will be short-term, taxable as ordinary income. The maximum rate on ordinary income for individuals is 37%. Under certain "wash sales" rules, recognition of a loss on Shares sold pursuant to the Offer will ordinarily be disallowed to the extent a shareholder acquires Shares within 30 days before or after the date Shares are purchased pursuant to the Offer and, in that event, the basis and holding period of the Shares acquired will be adjusted to reflect the disallowed loss.

*Treatment as a Dividend.* If none of the provisions under Section 302(b) of the Code outlined below are satisfied, a shareholder will be treated as having received a dividend taxable as ordinary income in an amount equal to the entire amount of cash received by the shareholder for its Shares pursuant to the Offer to the extent the Fund has current and/or accumulated earnings and profits. Any amounts treated as distributions to shareholders in excess of the Fund's current and accumulated earnings and profits will be treated as a return of capital to such shareholders to the extent of their basis in their Shares and then as capital gain (which will be long-term or short-term depending on such shareholder's applicable holding period for the Shares tendered).

Accordingly, the difference between "dividend" and "sale or exchange" treatment is important with respect to the amount (there is no basis offset for dividends) and character of income that tendering shareholders are deemed to receive. While the marginal tax rates for dividends and capital gains remains the same (21%) for corporate shareholders, under the Code the top income tax rate on ordinary income of individuals (37%) exceeds the maximum tax rate on net capital gains (20%) *except to the extent* any such dividends are designated by the Fund as qualified dividend income taxable at the same rate as net capital gains. In general, for individuals the amount of dividends that may be designated by the Fund as qualified dividend income cannot exceed the amount of qualified dividend income earned by the Fund on its investments for the taxable year. For corporate shareholders, the amount of dividends that may be designated by the Fund as qualifying for the 50% corporate dividends-received deduction cannot exceed the amount of the dividends received by the Fund on its investments in domestic corporations for the taxable year.

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Each shareholder's tax advisor should determine whether that shareholder qualifies under one of the provisions of Section 302(b) of the Code. In the event that the transaction is treated as a dividend distribution to a shareholder for federal income tax purposes, such shareholder's remaining tax basis in the Shares actually redeemed will be added to the tax basis of such shareholder's remaining Shares in the Fund. In the event that a shareholder actually owns no Shares in the Fund after the redemption, but the transaction is nevertheless treated as a dividend distribution because such shareholder constructively owns Shares in the Fund (see below), such shareholder's tax basis should be added to Shares in the Fund owned by related persons that were considered constructively owned by such shareholder.

*Constructive Ownership of Stock*. In determining whether the provisions under Section 302(b) of the Code, as described below, are satisfied, a shareholder must take into account not only Shares actually owned by such shareholder, but also Shares that are constructively owned within the meaning of Section 318 of the Code. Under Section 318 of the Code, a shareholder may constructively own Shares actually owned, and in some cases constructively owned, by certain related individuals and certain entities in which the shareholder or a related individual or entity has an interest. The rules of constructive ownership are complex and must be applied to a particular shareholder's situation by a tax advisor.

*The Provisions of Section 302(b) of the Code.* Under Section 302(b) of the Code, a redemption will be taxed as an exchange, and not as a dividend, if it (a) results in a "complete redemption" of all the Shares owned by a shareholder, (b) is "substantially disproportionate" with respect to a shareholder, or (c) is "not essentially equivalent to a dividend" with respect to a shareholder. Each shareholder should be aware that, under certain circumstances, sales, purchases, or transfers of Shares in the market or to or from other parties contemporaneous with sales pursuant to the Offer may be taken into account in determining whether the tests under clause (a), (b), or (c) above are satisfied. Further, the Fund believes that in the event the Offer is oversubscribed, resulting in a proration, it is likely that less than all the Shares tendered by a shareholder will be purchased by the Fund. Proration may affect whether a sale by a shareholder will satisfy the provisions (a), (b), or (c) above.

A brief description of the three major applicable provisions of Section 302(b) of the Code is as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. *A Complete Redemption of Interest.* The receipt of cash by a shareholder will result in a "complete redemption" of all the Shares owned by the shareholder within the meaning of Section 302(b)(3) of the Code if either (i) all the Shares actually and constructively owned by the shareholder are sold pursuant to the Offer or (ii) all the Shares actually owned by the shareholder are sold pursuant to the Offer, the only Shares the shareholder constructively owns are actually owned by such shareholder's family members, and the shareholder is eligible to waive and effectively waives, under procedures described in Section 302(c) of the Code, such constructive ownership.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. *A Substantially Disproportionate Redemption.* The receipt of cash by a shareholder will be "substantially disproportionate" with respect to such shareholder within the meaning of Section 302(b)(2) of the Code if the percentage of the total outstanding Shares actually and constructively owned by the shareholder immediately following the sale of Shares pursuant to the Offer is less than 80 percent of the percentage of the total outstanding Shares actually and constructively owned by such shareholder immediately before such sale and is less than 50% of the voting power of all classes entitled to vote.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. *Not Essentially Equivalent to a Dividend.* Even if a sale by a shareholder fails to meet the "complete redemption" or "substantially disproportionate" tests, a shareholder may nevertheless meet the "not essentially equivalent to a dividend" test. Whether a specific redemption is "not essentially equivalent to a dividend" depends on the individual shareholder's facts and circumstances. In any event, the redemption must result in a "meaningful reduction" of the shareholder's proportionate interest in the Fund. The IRS has indicated in a published ruling that, in the case of a minority shareholder in a publicly held corporation whose relative stock investment in the corporation was minimal and who exercised no control over corporate affairs, a small reduction in the percentage ownership interest of such shareholder in such corporation (from .0001118 percent to .0001081 percent – 3.3% reduction under the facts of this ruling) was sufficient to constitute a "meaningful reduction." Shareholders seeking to rely on this test should consult their own tax advisors as to the application of this particular standard to their own situations.

*Backup Withholding.* The Depositary may be required to withhold 24% of the gross proceeds paid to a shareholder or other payee pursuant to the Offer unless either: (a) the shareholder has completed and submitted to the Depositary the Substitute IRS Form W-9 included with the Letter of Transmittal, providing the shareholder's taxpayer identification number/social security number and certifying under penalties of perjury that: (i) such number is correct, (ii) either (A) the shareholder is exempt from backup withholding, (B) the shareholder has not been notified by the IRS that the shareholder is subject to backup withholding as

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a result of an under-reporting of interest or dividends, or (C) the IRS has notified the shareholder that the shareholder is no longer subject to backup withholding, (iii) the shareholder is a U.S. citizen or other U.S. person (as defined in IRS Form W-9), and (iv) the FATCA code(s) entered on the form (if any) indicating that the shareholder is exempt from FATCA reporting is correct; or (b) an exception applies under applicable law and Treasury regulations.

*Medicare Tax*. A 3.8% Medicare tax is imposed on net investment income earned by certain individuals, estates and trusts. "Net investment income," for these purposes, means investment income, including ordinary dividends and capital gain distributions received from the Fund and net gains from redemptions or other taxable dispositions of Fund shares, reduced by the deductions properly allocable to such income. In the case of an individual, the tax will be imposed on the lesser of (1) the shareholder's net investment income or (2) the amount by which the shareholder's modified adjusted gross income exceeds $250,000 (if the shareholder is married and filing jointly or a surviving spouse), $125,000 (if the shareholder is married and filing separately) or $200,000 (for single or head of household filers). This Medicare tax, if applicable, is reported by you on, and paid with, your federal income tax return.

*<u>Federal Income Tax Consequences to Tendering Shareholders - Non-U.S. Shareholders.</u>*

*U.S. Withholding at the Source*. Since the Fund cannot determine whether a payment made pursuant to the Offer should be characterized as an "exchange" or a "dividend" for tax purposes at the time of the payment, any payments to a tendering shareholder who is a Non-U.S. Shareholder that does not hold its Shares in connection with a trade or business conducted in the United States generally will be treated as a dividend for U.S. federal income tax purposes and generally will be subject to U.S. withholding tax at the rate of 30%. This 30% U.S. withholding tax will apply even if the Non-U.S. Shareholder has provided the required certification to avoid backup withholding (unless a reduced rate under an applicable tax treaty or exemption applies). In order to obtain a reduced rate of withholding under an applicable tax treaty, a Non-U.S. Shareholder must deliver to the Depositary before the payment a properly completed and executed IRS Form W-8BEN (or other IRS Form W-8, where applicable, or their substitute forms). In order to obtain an exemption from withholding on the grounds that the Non-U.S. Shareholder holds its Shares in connection with a trade or business conducted in the United States, the Non-U.S. Shareholder must deliver to the Depositary a properly completed and executed IRS Form W-8ECI. Such forms (and additional IRS forms) may be obtained from the Information Agent or the IRS at irs.gov.

A tendering Non-U.S. Shareholder who realizes a capital gain on a tender of Shares will not be subject to U.S. federal income tax on such gain, unless the Shareholder is an individual who is physically present in the United States for 183 days or more during the tax year and certain other conditions are satisfied. A tendering Non-U.S. Shareholder who realizes a capital gain may be eligible to claim a refund of the withheld tax by filing a U.S. tax return and demonstrating that it satisfies one of the provisions of Section 302 described above or is otherwise able to establish that no withholding or a reduced amount of withholding is due. Special rules may also apply in the case of Non-U.S. Shareholders that are: (i) former citizens or residents of the United States; or (ii) subject to special rules such as "controlled foreign corporations." Non-U.S. Shareholders are advised to consult their own tax advisors.

*Backup Withholding and Certification Rules*. Non-U.S. shareholders have special U.S. tax certification requirements to avoid backup withholding at a rate of 24%, and if applicable, to obtain the benefit of any income tax treaty between the non-U.S. shareholder's country of residence and the United States. To claim these tax benefits, the non-U.S. shareholder must provide the Depositary with a properly completed IRS Form W-8BEN (or other IRS Form W-8, where applicable, or their substitute forms) to establish his or her status as an non-U.S. shareholder, to claim beneficial ownership over Shares, and to claim, if applicable, a reduced rate of or exemption from withholding tax under the applicable treaty. Backup withholding generally will not apply to amounts subject to the 30% U.S. withholding tax at the source or a treaty-reduced rate of withholding.

*FATCA Withholding*. Payments to a shareholder that is either an FFI or an NFFE within the meaning of FATCA may be subject to a 30% withholding tax on income dividends. After December 31, 2018, FATCA withholding also would have applied to certain capital gain distributions, return of capital distributions, and the proceeds arising from the sale of Portfolio shares; however, based on proposed regulations issued by the IRS, which can be relied upon currently, such withholding is no longer required unless final regulations provide otherwise (which is not expected). Since the Fund cannot determine whether a payment made pursuant to the Offer should be characterized as an "exchange" or a "dividend" for tax purposes at the time of the payment, any payment to a tendering shareholder who is a FFI or NFFE may be subject to a 30% withholding tax. The FATCA withholding tax generally can be avoided: (a) by an FFI, if it reports certain direct and indirect ownership of foreign financial accounts held by U.S. persons with the FFI and (b) by an

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NFFE, if it: (i) certifies that it has no substantial U.S. persons as owners or (ii) if it does have such owners, reporting information relating to them. The U.S. Treasury has negotiated intergovernmental agreements ("IGA") with certain countries and is in various stages of negotiations with a number of other foreign countries with respect to one or more alternative approaches to implement FATCA. An entity in one of those countries may be required to comply with the terms of an IGA instead of U.S. Treasury regulations.

An FFI can also avoid FATCA withholding if it is deemed compliant or by becoming a "participating FFI," which requires the FFI to enter into a U.S. tax compliance agreement with the IRS under section 1471(b) of the Code ("FFI agreement") under which it agrees to verify, report and disclose certain of its U.S. accountholders and provided that such entity meets certain other specified requirements. The FFI will either report the specified information about the U.S. accounts to the IRS, or, to the government of the FFI's country of residence (pursuant to the terms and conditions of applicable law and an applicable IGA entered into between the U.S. and the FFI's country of residence), which will, in turn, report the specified information to the IRS. An FFI that is resident in a country that has entered into an IGA with the U.S. to implement FATCA will be exempt from FATCA withholding provided that the FFI shareholder and the applicable foreign government comply with the terms of such agreement.

An NFFE that is the beneficial owner of a payment from the Fund can avoid the FATCA withholding tax generally by certifying that it does not have any substantial U.S. owners or by providing the name, address and taxpayer identification number of each substantial U.S. owner. The NFFE will report the information to the Fund or other applicable withholding agent, which will, in turn, report the information to the IRS.

Such foreign shareholders also may fall into certain exempt, excepted or deemed compliant categories as established by U.S. Treasury regulations, IGAs, and other guidance regarding FATCA. An FFI or NFFE will need to provide the Fund with an IRS Form W-8BEN-E properly certifying the entity's status under FATCA in order to avoid FATCA withholding. If a tendering shareholder is subject to withholding under both FATCA and either backup withholding or U.S. withholding at the source, the Fund will withhold only under FATCA (subject to an ability by the Fund to elect to backup withhold in certain circumstances).

**Non-U.S. Shareholders are urged to consult their own tax advisOrs regarding the application of U.S. federal income tax withholding, including eligibility for a withholding tax reduction or exemption, and the refund procedure.**

*<u>Federal Income Tax Consequences to Non-Tendering Shareholders</u>.*

*Federal Income Tax Consequences to Non-Tendering Shareholders.* If the sale of Shares pursuant to the Offer is treated as a "dividend" to a tendering shareholder, a constructive dividend under Section 305 of the Code may result to non-tendering shareholders whose proportionate interest in the earnings and assets of the Fund has been increased as a result of such tender. Under Section 305 of the Code, a distribution by a corporation of its stock or rights to acquire its stock is treated as a dividend if the distribution (or a series of distributions of which such distribution is one) has the result of (1) the receipt of money or other property by some shareholders, and (2) an increase in the proportionate interests of other shareholders in the assets or earnings and profits of the corporation. An exception to this rule is provided for a distribution of property incident to an isolated redemption of stock (for example, pursuant to a tender offer). Since the Fund's organization in 2007, the Fund has conducted four tender offers.

The Fund does not believe the Offer should cause non-tendering shareholders to realize constructive distributions on their Shares under Section 305 of the Code, but rather, the Offer should be treated as an "isolated redemption" within the meaning of Treasury regulations. This is because, among other things, the Fund is not required by its charter, bylaws, federal or state law, or otherwise to redeem any of its Shares, the Board has a fiduciary duty to the Fund and its shareholders to consider the appropriateness of any share repurchase, and the Fund has no absolute commitment to make any further tender offers subsequent to the present Offer.

**The U.S. federal income tax discussion set forth above is a summary included for general information purposes only. In view of the individual nature of tax consequences, each shareholder is advised to consult its own tax advisOr with respect to the specific tax consequences to it of the Offer, including the effect and applicability of state, local, foreign and other tax laws and the possible effects of changes in federal or other tax laws. The advice above was not written and is not intended to be used and cannot be used by any taxpayer for purposes of (I) avoiding U.S. federal income tax penalties that may be imposed, or (II) promoting, marketing or recommending to another party any transaction or matter addressed herein.**

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**15.** **EXTENSION OF TENDER PERIOD; TERMINATION; AMENDMENTS.** 

The Fund reserves the right, at any time and from time to time, to extend the period of time during which the Offer is pending by making a public announcement thereof. In the event that the Fund so elects to extend the tender period, the NAV for the Shares tendered will be computed as of the close of ordinary trading on the NYSE on the later of February 13, 2023 or the first business day following the Expiration Date, as extended. During any such extension, all Shares previously tendered and not purchased or withdrawn will remain subject to the Offer. The Fund also reserves the right, at any time and from time to time up to and including the Expiration Date, to (a) terminate the Offer and not to purchase or pay for any Shares or, subject to applicable law, postpone payment for Shares upon the occurrence of any of the conditions specified in Section 5, "Certain Conditions of the Offer"; and (b) amend the Offer in any respect by making a public announcement thereof. Such public announcement will be issued no later than 9:00 a.m. New York City time not later than the next business day after the previously scheduled Expiration Date and will disclose the approximate number of Shares tendered as of that date. Without limiting the manner in which the Fund may choose to make a public announcement of extension, termination or amendment, except as provided by applicable law (including Rule 13e-4(d)(2), Rule 13e-4(e)(3), and Rule 14e-1(d) under the Exchange Act), the Fund shall have no obligation to publish, advertise or otherwise communicate any such public announcement.

If the Fund materially changes the terms of the Offer or the information concerning the Offer, or if it waives a material condition of the Offer, the Fund will extend the Offer to the extent required by Rules 13e-4(d)(2) and 13e-4(e)(3) under the Exchange Act. These rules require that the minimum period during which an offer must remain open following material changes in the terms of the offer or information concerning the offer (other than a change in price or a change in percentage of securities sought) will depend on the facts and circumstances, including the relative materiality of such terms or information. If (i) the Fund increases or decreases the price to be paid for Shares, or the Fund increases or decreases the number of Shares being sought and (ii) the Expiration Date is less than ten business days away, then the Expiration Date will be extended at least ten business days from the date of the notice.

**16.** **FEES AND EXPENSES.** 

The Fund will not pay to any broker or dealer, commercial bank, trust company or other person any solicitation fee for any Shares purchased pursuant to the Offer. The Fund will reimburse these firms for customary handling and mailing expenses incurred in forwarding the Offer. No broker, dealer, commercial bank or trust company has been authorized to act as the agent of the Fund or the Depositary for purposes of the Offer.

The Fund has retained Georgeson LLC to act as information agent ("Information Agent") and Computershare to act as depositary ("Depositary"). The Fund will pay the Information Agent and Depositary reasonable and customary compensation for their services and will also reimburse them for certain out-of-pocket expenses and indemnify them against certain liabilities. Shares will be purchased at 98% of the Fund's NAV to offset the fees charged by the Information Agent and Depositary, among other costs.

**17.** **MISCELLANEOUS.** 

The Offer is not being made to, nor will the Fund accept tenders from, owners of Shares in any jurisdiction in which the Offer or its acceptance would not comply with the securities or Blue Sky laws of that jurisdiction. The Fund is not aware of any jurisdiction in which the making of the Offer or the tender of Shares would not be in compliance with the laws of that jurisdiction. However, the Fund reserves the right to exclude holders in any jurisdiction in which it is asserted that the Offer cannot lawfully be made. So long as the Fund makes a good faith effort to comply with any state law deemed applicable to the Offer, the Fund believes that the exclusions of holders residing in that jurisdiction is permitted under Rule 13e-4(f)(9) under the Exchange Act.

Delaware Enhanced Global Dividend and Income Fund

January 12, 2023

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## Ex-99.A1Ii

**Exhibit (a)(1)(ii)**

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|:---|:---|
| ![](mimegdif4142931-ex99a1iia001.jpg) | + |

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**Delaware Enhanced Global Dividend and Income Fund**

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| | |
|:---|:---|
| ![](mimegdif4142931-ex99a1iia002.jpg) | <br> ![](mimegdif4142931-ex99a1iia003.jpg) |
|  | TOTAL SHARES 12345678901234 |

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**LETTER OF TRANSMITTAL TO TENDER SHARES OF DELAWARE ENHANCED GLOBAL DIVIDEND AND INCOME FUND**

Pursuant to the Offer to Purchase dated January 12, 2023, Delaware Enhanced Global Dividend and Income Fund (the "Fund") has offered to purchase up to 30%, or 3,186,291 shares, of its Common Shares. The offer expires at 5:00 p.m., New York City time on February 10, 2023, unless extended. See Instructions on the reverse side.

I/we, the undersigned, hereby surrender to you for tendering the share(s) identified below. I/we hereby agree to the terms and conditions of the Offer to Purchase dated January 12, 2023 ("Offer to Purchase"). I/we hereby certify and warrant that: (i) I/we have received and read the Offer to Purchase; (ii) I/we have complied with all instructions on the reverse side of this Letter of Transmittal and the requirements of the Offer to Purchase; (iii) I/we have full authority to surrender these certificate(s) and give the instructions in this Letter of Transmittal; and (iv) the shares represented by these certificates are free and clear of all liens, restrictions, adverse claims and encumbrances.

Please complete the back if you would like to transfer ownership or request special mailing.

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| | | |
|:---|:---|:---|
| **Breakdown of your holding here at Computershare:** | **Breakdown of your holding here at Computershare:** |  |
| **Total Certificated Shares** | **Total Book-Entry Share** | **Total Shares** |
| 1234567890123 | 1234567890123 | 1234567890123 |

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|:---|:---|
| ![](mimegdif4142931-ex99a1iia004.jpg) | Signature: This form **must** be signed by the registered holder(s) exactly as their name(s) appears on the certificate(s) or by person(s) authorized to sign on behalf of the registered holder(s) by documents transmitted herewith. |

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| | | | |
|:---|:---|:---|:---|
| X | | | |
|  | Signature of Shareholder | Date | Daytime Telephone # |
| X | | | |
|  | Signature of Shareholder | Date | Daytime Telephone # |

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| | | | | |
|:---|:---|:---|:---|:---|
| PLACE AN □ IN ONE BOX ONLY | PLACE AN □ IN ONE BOX ONLY | PLACE AN □ IN ONE BOX ONLY | PLACE AN □ IN ONE BOX ONLY | PLACE AN □ IN ONE BOX ONLY |
| ![](mimegdif4142931-ex99a1iia005.jpg) |  | ![](mimegdif4142931-ex99a1iia006.jpg) | □ Partial Tender | □ Partial Tender |
| □ Tender All | or |  | ● |  |
|  |  |  | WHOLE SHARES | FRACTIONS |

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Please locate your certificate(s) and send them along with the completed Letter of Transmittal.

□ **CHECK HERE IF SHARE CERTIFICATES HAVE BEEN MUTILATED, LOST, STOLEN OR DESTROYED. SEE INSTRUCTION 6.**

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| | | | | |
|:---|:---|:---|:---|:---|
| ![](mimegdif4142931-ex99a1iia007.jpg) | 1 2 3 4 5 6 7 8 9 0 1 2 T E N D | D E X | C 0 1 | + |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;03QMBB |  |  |  |

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;![](mimegdif4142931-ex99a1iia008.jpg) **Special Transfer Instruction** | &nbsp;&nbsp;![](mimegdif4142931-ex99a1iia008.jpg) **Special Transfer Instruction** | &nbsp;&nbsp;![](mimegdif4142931-ex99a1iia009.jpg) **Special Mailing Instruction** |
| &nbsp;&nbsp; If you want your shares certificate (s) for Fund shares and/or check for cash to be issued in **another name**, fill in this section with the information for the <u>new</u> account/payee name.<br> Place and ⌧ in all that apply:<br> □ Register certificate(s) and/or □ issue check(s) to:<br>Name (Please Print First, Middle & Last Name)<br>Address (Number and Street)<br>(City, State & Zip Code)<br>(Tax Identification or Social Security Number)<br>Signatures of Holder(s)<br>Signatures of Holder(s) | &nbsp;&nbsp; Signature Guarantee Medallion<br>(Title of Officer Signing this Guarantee)<br>(Name of Guarantor - Please Print)<br>(Address of Guarantor Firm)<br>| &nbsp;&nbsp; Fill in ONLY if you want your shares certificate(s) for Fund shares and/or check for cash to be **mailed** to someone other than the registered holder or to the registered holder at an address other than that shown on the front of this Letter of Transmittal.<br> Place and ⌧ in all that apply:<br> Mail □ certificate(s) and/or □ check(s) to:<br>Name (Please Print First, Middle & Last Name)<br>Address (Number and Street)<br>(City, State & Zip Code) |

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**INSTRUCTIONS FOR COMPLETING THE LETTER OF TRANSMITTAL**

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|:---|:---|
| 1 | Sign, date and include your daytime telephone number in this Transmittal form in Box 1. After completing all other applicable sections, return this Letter of Transmittal and <u>your share certificates</u> in the enclosed envelope. The method of delivery of any documents, including share certificates, is at the election and risk of the tendering shareholder. If documents are sent by mail, it is recommended that they be sent by registered mail, properly insured, with return receipt requested. |
| 2 | If you are tendering all your shares for cash, please check this box only. |
| 3 | If you are tendering some of your shares for cash, please check the box, indicate the number of shares you wish to tender and receive in cash. |
| 4. | If you want your certificate(s) for Fund shares and/or check for cash to be issued in another name, fill in Box 4. Signature(s) must be medallion guaranteed. |
| 5 | Complete Box 5 only if your certificate(s) for Fund shares and/or check for cash is to be delivered to a person other than the registered holder or to the registered holder at a different address. |
| 6 | ***Mutilated, Lost, Stolen or Destroyed Certificates.*** If any certificate representing shares has been mutilated, lost, stolen or destroyed, the shareholder should promptly call the Depositary at (781) 575-2879 or (877) 373-6374. The shareholder will then be instructed by the Depositary as to the steps that must be taken to replace the certificate. This Letter of Transmittal and related documents cannot be processed until the procedures for replacing lost or destroyed certificates have been followed. |

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**Form W-9:** Under U.S. Federal Income Tax law, a shareholder is required to provide Computershare with such shareholder's correct Taxpayer Identification Number. If your Taxpayer Identification Number is not certified on our records, we have enclosed a Form W-9 for you to complete and return. **Failure to provide the information on the form may subject you to backup withholding on any reportable payment.**

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| | | |
|:---|:---|:---|
| ***The Information Agent for the Offer is:*** | ***The Depositary for the Offer is:*** | ***The Depositary for the Offer is:*** |
| ![](mimegdif4142931-ex99a1iia010.jpg) | ![](mimegdif4142931-ex99a1iia011.jpg) | ![](mimegdif4142931-ex99a1iia011.jpg) |
| **All Holders Call Toll Free: (888) 605-8334** | **By E-mail: canoticeofguarantee@computershare.com** | **By E-mail: canoticeofguarantee@computershare.com** |
|  | **This email address can ONLY be used for delivery of Notice of Guaranteed Delivery** | **This email address can ONLY be used for delivery of Notice of Guaranteed Delivery** |
|  | ***By Registered, Certified or Express Mail*** | ***Overnight Courier:*** |
|  | Computershare Trust Company, N.A. | Computershare Trust Company, N.A. |
|  | c/o Voluntary Corporate Actions | c/o Voluntary Corporate Actions |
|  | P.O. Box 43011 | 150 Royall Street, Suite V |
|  | Providence, RI 02940-3011 | Canton, MA 02021 |

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## Ex-99.A1Iii

**Exhibit (a)(1)(iii)**

**OFFER BY**

**Delaware Enhanced Global Dividend and Income Fund**

**TO PURCHASE FOR CASH UP**

**TO 30% OF ITS SHARES FOR 98%**

**OF NET ASSET VALUE**

**THE OFFER AND WITHDRAWAL RIGHTS WILL EXPIRE AT**

**5:00 P.M., NEW YORK CITY TIME, ON FEBRUARY 10, 2023**

**("EXPIRATION DATE"), UNLESS EXTENDED**

**THIS OFFER IS NOT CONDITIONED ON ANY MINIMUM NUMBER OF SHARES BEING**

**TENDERED, BUT IS SUBJECT TO OTHER CONDITIONS AS OUTLINED IN THE**

**FUND'S OFFER TO PURCHASE AND IN THE LETTER OF TRANSMITTAL.**

January 12, 2023

To Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees:

We are enclosing herewith the material listed below relating to the offer of Delaware Enhanced Global Dividend and Income Fund, a Delaware statutory trust registered under the Investment Company Act of 1940, as amended, as a closed-end, diversified management investment company (the "Fund"), to purchase up to 30% of its outstanding Common Shares (the "Shares") upon the terms and subject to the conditions set forth in its Offer to Purchase dated January 12, 2023 and in the related Letter of Transmittal (which together constitute the "Offer"). The price to be paid for the Shares is an amount per Share, net to the seller in cash, equal to 98% of the net asset value per Share as determined by the Fund as of the close of ordinary trading on the New York Stock Exchange on February 13, 2023, unless the Expiration Date is extended beyond February 10, 2023, the pricing date will be the later of February 14, 2023, or the next business day following the newly designated Expiration Date.

We are asking you to contact your clients for whom you hold Shares registered in your name (or in the name of your nominee) or who hold Shares registered in their own names. Please bring the Offer to their attention as promptly as possible. No fees or commission will be payable to brokers, dealers or other persons for soliciting tenders for Shares pursuant to the Offer. The Fund will, however, upon request, reimburse you for reasonable and customary mailing and handling expenses incurred by you in forwarding any of the enclosed materials to your clients. The Fund will pay all transfer taxes on its purchase of Shares, subject to Section 4, "Payment for Shares" of the Offer to Purchase. **However, backup withholding at a 24% rate or, in the case of non-U.S. shareholders, 30% withholding under the Foreign Account Tax Compliance Act or 30% withholding at the source may be required unless either an exemption (or lower treaty rate) is proved or the required taxpayer identification information and certifications are provided. See Section 2, "Procedures for Tendering Shares," of the Offer to Purchase.**

For your information and for forwarding to your clients, we are enclosing the following documents:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. A
 letter to shareholders from the Senior Vice President and Chief Financial Officer of
 the Fund and the Offer to Purchase dated January 12, 2023;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The
 Letter of Transmittal for your use and to be provided to your clients;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Guidelines
 for Certification of Taxpayer Identification Number on Substitute Form W-9;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. Notice
 of Guaranteed Delivery;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. Form
 of letter to clients, which may be sent to your clients for whose accounts you hold Shares
 registered in your name (or in the name of your nominee); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. Return
 envelope addressed to the Depositary.

The Offer is not being made to, nor will the Fund accept tenders from, holders of Shares in any State or other jurisdiction in which the Offer would not be in compliance with the securities or Blue Sky laws of such jurisdiction.

------

As described in the Fund's Offer to Purchase under Section 2, "Procedures for Tendering Shares," tenders may be made without the concurrent deposit of Share certificates if (1) such tenders are made by or through an Eligible Guarantor (as defined in the Offer to Purchase); (2) a properly completed and duly executed Notice of Guaranteed Delivery in the form provided by the Fund is delivered to the Depositary prior to 5:00 p.m. New York City time on the Expiration Date; and (3) certificates for tendered Shares (or a Book-Entry Confirmation, as defined in the Offer to Purchase) together with a properly completed and duly executed Letter of Transmittal (or, in the case of book-entry transfer, an Agent's Message, as defined in the Offer to Purchase), and any other documents required by the Letter of Transmittal, are received by the Depositary within two New York Stock Exchange trading days after execution of a Notice of Guaranteed Delivery.

As described in the Offer, if more than 30% of the Fund's outstanding Shares are duly tendered prior to the Expiration Date, unless the offer is invalid the Fund will repurchase 30% of the Fund's outstanding Shares on a pro rata basis upon the terms and subject to the conditions of the Offer.

**NEITHER THE FUND NOR ITS BOARD OF TRUSTEES MAKES ANY RECOMMENDATION TO ANY SHAREHOLDER AS TO WHETHER TO TENDER ALL OR ANY SHARES.**

Additional copies of the enclosed material may be obtained from the Information Agent at the appropriate address and telephone number set forth in the Fund's Offer to Purchase. Any questions you have with respect to the Offer should be directed to the Information Agent at its address and telephone numbers set forth in the Offer to Purchase.

Very truly yours,

DELAWARE ENHANCED GLOBAL DIVIDEND and INCOME FUND

![](mimegdif4142931-exa1iiix79x1.jpg)

Richard Salus

Senior Vice President and Chief Financial Officer

**Nothing contained herein or in the enclosed documents shall make you or any other person the agent of Delaware Enhanced Global Dividend and Income Fund or the Depositary/Information Agent or authorize you or any other person to make any statements or use any material on their behalf with respect to the Offer, other than the material enclosed herewith and the statements specifically set forth in such material.**

Neither Delaware Management Company nor its affiliates noted 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 Macquarie Bank Limited (MBL). MBL does not guarantee or otherwise provide assurance in respect of the obligations of these entities, unless noted otherwise. The Fund is governed by US laws and regulations.

------

## Ex-99.A1Iv

**Exhibit (a)(1)(iv)**

**OFFER BY**

**Delaware Enhanced Global Dividend and Income Fund**

**TO PURCHASE FOR CASH UP TO 30% OF ITS SHARES**

**FOR 98%**

**OF NET ASSET VALUE**

**THE OFFER AND WITHDRAWAL RIGHTS WILL EXPIRE AT**

**5:00P.M., NEW YORK CITY TIME, ON FEBRUARY 10, 2023**

**("EXPIRATION DATE"), UNLESS EXTENDED**

**THIS OFFER IS NOT CONDITIONED ON ANY MINIMUM NUMBER OF SHARES BEING**

**TENDERED, BUT IS SUBJECT TO OTHER CONDITIONS AS OUTLINED IN THE OFFER**

**TO PURCHASE AND IN THE LETTER OF TRANSMITTAL.**

January 12, 2023

To Our Clients:

Enclosed for your consideration is the Offer to Purchase, dated January 12, 2023, of Delaware Enhanced Global Dividend and Income Fund (the "Fund"), and a related Letter of Transmittal. Together these documents constitute the "Offer." The Fund is offering to purchase up to 30% of its outstanding Common Shares (the "Shares"), upon the terms and subject to the conditions set forth in the Offer.

**A tender of your Shares can be made only by us as the registered holder and only pursuant to your Instructions.** The Offer to Purchase and the Letter of Transmittal are being sent to you for your information only. They cannot be used by you to tender Shares held by us for your account. We are the registered holder of Shares held for your account.

Your attention is called to the following:

&nbsp;&nbsp;&nbsp;&nbsp;(1) The
 purchase price to be paid for the Shares is an amount per Share, net to the seller in
 cash, equal to 98% of the net asset value per Share ("NAV") in U.S. dollars
 per Share as determined by the Fund as of the close of ordinary trading on the New York
 Stock Exchange on February 13, 2023, unless otherwise extended. The current NAV of the
 Fund will be calculated daily and may be obtained by calling Georgeson LLC, the Information
 Agent, toll free at 1-888 605-8334.

(2) The
 Offer is not conditioned upon any minimum number of Shares being tendered.

(3) Upon
 the terms and subject to the conditions of the Offer, the Fund will purchase all Shares
 validly tendered (and not withdrawn) on or prior to the Expiration Date, provided that
 the total number of Shares tendered does not exceed 30% of the Fund's outstanding
 Shares. In the event that more than 30% of the Fund's outstanding Shares are tendered,
 the Fund will purchase 30% of the Fund's outstanding Shares on a pro rata basis.

(4) Tendering
 shareholders will not be obligated to pay stock transfer taxes on the purchase of Shares
 by the Fund pursuant to the Offer, except in the instances described in Section 4, "Payment
 for Shares," of the Offer to Purchase.

------

&nbsp;&nbsp;&nbsp;&nbsp;(5) Your
 instructions to us should be forwarded in ample time before the Expiration Date to permit
 us to submit a tender on your behalf.

If you wish to have us tender any or all of your Shares, please so instruct us by completing, executing and returning to us the instruction form set forth below. An envelope to return your instructions to us is enclosed. If you authorize the tender of your Shares, all such Shares will be tendered unless otherwise specified below. **Your instructions to us should be forwarded as promptly as possible in order to permit us to submit a tender on your behalf in accordance with the terms and conditions of the Offer.**

The Offer is not being made to, nor will tenders be accepted from or on behalf of, holders of Shares in any jurisdiction in which the making or acceptance of the Offer would not be in compliance with applicable law.

**Neither the Fund nor its Board of Trustees is making any recommendation to any shareholder whether to tender or refrain from tendering Shares in the Offer. Each shareholder is urged to read and evaluate the Offer and accompanying materials carefully.**

INSTRUCTIONS

The undersigned acknowledge(s) receipt of our letter, the enclosed Offer to Purchase dated January 12, 2023, and the Letter of Transmittal, relating to the Fund's purchase of up to 30% of its outstanding Shares at 98% of the NAV.

The undersigned instructs us to tender to the Fund the number of Shares indicated below (which are held by us for the account of the undersigned), upon the terms and subject to the conditions set forth in the Offer to Purchase and in the related Letter of Transmittal that we have furnished to the undersigned.

AGGREGATE NUMBER OF SHARES TO BE TENDERED: ☐ All Shares held for the undersigned; or ☐ Shares (Enter number of Shares to be tendered).

**PLEASE SIGN HERE**

Dated:<u> </u>, 2023

Name(s):

(please print)

Address:

City State Zip Code

Area Code and Telephone Number:  

Employer Identification or Social Security Number:  

Neither Delaware Management Company nor its affiliates noted 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 Macquarie Bank Limited (MBL). MBL does not guarantee or otherwise provide assurance in respect of the obligations of these entities, unless noted otherwise. The Fund is governed by US laws and regulations.

------

## Ex-99.A1V

**Exhibit (a)(1)(v)**

**NOTICE OF GUARANTEED DELIVERY**

**FOR TENDER OF SHARES OF** 

**Delaware Enhanced Global Dividend and Income Fund**

This form, or one substantially equivalent hereto, must be used to accept the Offer (as defined below) if shareholders' certificates for Common Shares (the "Shares") of Delaware Enhanced Global Dividend and Income Fund are not immediately available or time will not permit the Letter of Transmittal and other required documents to be delivered to the Depositary on or before 5:00 p.m., New York City time, February 10, 2023, or such later date to which the Offer is extended (the "Expiration Date").Such form may be delivered by hand or transmitted by email or mailed to the Depositary, and must be received by the Depositary on or before 5:00 p.m. New York City time on the Expiration Date. See Section 2, "Procedures for Tendering Shares," of the Offer to Purchase.

***The Information Agent for the Offer is:***

Georgeson LLC

1290 Avenue of the Americas, 9th Floor

New York, NY 10104

All Holders Call Toll Free: (888) 605-8334

***The Depositary for the Offer is:***

Computershare

By E-mail: <u>canoticeofguarantee@computershare.com</u>

This email address can ONLY be used for delivery of this Notice of Guaranteed Delivery.

---

| | |
|:---|:---|
| &nbsp;&nbsp;*By Mail:*<br> Computershare Trust Company, N.A.<br> c/o Voluntary Corporate Actions<br> P.O. Box 43011<br> Providence, RI 02940-3011 | &nbsp;&nbsp;*By Registered, Certified or Express Mail or Overnight Courier:*<br> Computershare Trust Company, N.A.<br> c/o Voluntary Corporate Actions<br> 150 Royall Street, Suite V<br> Canton, MA 02021 |

---

**DELIVERY OF THIS INSTRUMENT TO AN ADDRESS OTHER THAN AS SET FORTH**

**ABOVE OR TRANSMISSION VIA AN EMAIL ADDRESS OTHER THAN ONE LISTED**

**ABOVE DOES <u>NOT</u> CONSTITUTE A VALID DELIVERY**

Ladies and Gentlemen;

The undersigned hereby tenders to Delaware Enhanced Global Dividend and Income Fund, upon the terms and subject to the conditions set forth in its Offer to Purchase, dated January 12, 2023 and the related Letter of Transmittal (which, together with any amendments or supplements to these documents, collectively constitute the "Offer"), receipt of which is hereby acknowledged, the number of Shares set forth below pursuant to the guaranteed delivery procedures set forth in Section 2, "Procedures for Tendering Shares," of the Offer to Purchase.

Number of Shares Tendered:

Certificate Nos. (if available):

------

If Shares will be tendered by book-entry transfer, check box: ☐ The Depository Trust Company

Account Number:

Name(s) of Record Holder(s):

Address:

Area Code and Telephone Number:

Taxpayer Identification (Social Security) Number:

Dated: , 2023 <br>

Signature(s)

**(Not To Be Used For Signature Guarantee)**

The undersigned, a participant in the Security Transfer Agents Medallion Program, the New York Stock Exchange Medallion Signature Guarantee Program, the Stock Exchange Medallion Program or an "Eligible Guarantor Institution" as such term is defined in Rule 17Ad-15 under the Securities Exchange Act of 1934, as amended, hereby (a) represents that the above named person(s) "own(s)" the Shares tendered hereby within the meaning of Rule 14e-4 under the Securities Exchange Act of 1934, as amended ("Rule 14e-4"), (b) represents that such tender of Shares complies with Rule l4e-4 and (c) guarantees to deliver to the Depositary either certificates representing the Shares tendered hereby, in proper form for transfer, or confirmation of Book-Entry Transfer of such Shares into the Depositary's accounts at The Depository Trust Company, in each case with delivery of a properly completed and duly executed Letter of Transmittal, with any required signature guarantees, or an Agent's Message (as defined in the Offer to Purchase), and any other required documents, within two New York Stock Exchange trading days after the date hereof.

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name of Firm |  |  |
|  | (AUTHORIZED SIGNATURE) | (AUTHORIZED SIGNATURE) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Address: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: |
|  | (PLEASE PRINT) | (PLEASE PRINT) |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Area Code and Tel. No.: | Dated: | , 2023 |

---

**DO NOT SEND SHARE CERTIFICATES WITH THIS FORM.**

**YOUR SHARE CERTIFICATES MUST BE SENT WITH THE LETTER OF TRANSMITTAL.**

------

## Ex-99.A1Vi

**Exhibit (a)(1)(vi)**

![](mimegdif4142931-exa1vix1x11.jpg)

---

| | |
|:---|:---|
| Use a <u>black</u> pen. Print in<br> CAPITAL letters inside the grey<br> areas as shown in this example. | ![](mimegdif4142931-exa1vix1x1.jpg) |

---

**Form W-9 Request for Taxpayer Identification Number and Certification**

**Dear Shareholder:<br> Our records indicate that your U.S. Social Security Number or Employer Identification Number is not certified. If this Form W-9 is not completed and returned, your account may be subject to backup withholding at the applicable tax rate on all dividends and sale proceeds.**

**For joint tenant accounts, the TIN provided must belong to the first owner listed above to avoid backup withholding.**

---

| | |
|:---|:---|
| **A** | **Taxpayer Identification Number (TIN)** |

---

**Enter your TIN for the above registered name and address in the appropriate box. For individuals, this is your Social Security number (SSN).**

**For other entities, it is your Employer Identification Number (EIN). COMPLETE ONLY ONE BOX.**

Social Security Number Employer Identification Number <br> OR

---

| | |
|:---|:---|
| **B** | **Federal Tax Classification** |

---

Check appropriate box (required)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| ![](mimegdif4142931-exa1vix1x4.jpg) | &nbsp;&nbsp;&nbsp;Individual/<br> Sole Proprietor | ![](mimegdif4142931-exa1vix1x4.jpg) | &nbsp;&nbsp;&nbsp;C Corporation | ![](mimegdif4142931-exa1vix1x4.jpg) | &nbsp;&nbsp;&nbsp;S Corporation | ![](mimegdif4142931-exa1vix1x4.jpg) | &nbsp;&nbsp;&nbsp;Partnership | ![](mimegdif4142931-exa1vix1x4.jpg) | &nbsp;&nbsp;&nbsp;Trust/<br> Estate |

---

**C** **Exempt Payee Code (if any)**

**Limited Liability Company**<br> **or**<br> **Other Classification**

If you are an LLC or Other Classification, do not complete this form. You must complete an IRS Form W-9. This form can be found on the IRS website at **<u>www.irs.gov</u>**. See "Limited Liability Company or Other Classification" on the back of this form for more information.

---

| | |
|:---|:---|
| ![](mimegdif4142931-exa1vix1x5.jpg) | If you are exempt from backup withholding, enter in the Exemptions box, any code that may apply to you. <br> See Exempt payee codes on the back of this form. |

---

**D** **Certification**

Under penalties of perjury, I certify that:

1. The number shown on this form is my correct Taxpayer Identification Number, and

2. I am not subject to backup withholding because: (a) I am exempt from backup withholding, or (b) I have not been notified by the Internal Revenue Service (IRS) that I am subject to backup withholding as a result of a failure to report all interest or dividends, or (c) the IRS has notified me that I am no longer subject to backup withholding, and

3. I am a U.S. citizen or other U.S. person (defined on reverse).

4. I am exempt from FATCA reporting (defined on reverse).

**Certification Instructions.** You must cross out item 2 above if you have been notified by the IRS that you are currently subject to backup withholding because you have failed to report all interest and dividends on your tax return.

**This form must be signed and dated for us to accept as proper certification.**

---

| | | | |
|:---|:---|:---|:---|
| **Sign Here** | Signature of U.S. Person - Please keep signature within the box | &nbsp;&nbsp;Date (mm/dd/yyyy) | Daytime Telephone Number |
| &nbsp;&nbsp;&nbsp;![](mimegdif4142931-exa1vix1x6.jpg) | ![](mimegdif4142931-exa1vix1x7.jpg) | &nbsp;&nbsp;![](mimegdif4142931-exa1vix1x8.jpg) | ![](mimegdif4142931-exa1vix1x9.jpg) |

---

**Send form to Computershare. Do not send to the IRS.**

---

| | | |
|:---|:---|:---|
| ![](mimegdif4142931-exa1vix1x10.jpg) | 2 0 U W 9 | ![](mimegdif4142931-exa1vix1x11.jpg) |

---

01QDGA

------

**How to complete this form**

**Backup Withholding**

The Internal Revenue Service (IRS) requires us to withhold taxes for the applicable rate of backup withholding for U.S. persons without a W-9 tax certification who are not otherwise exempt. Parties acting as disbursement agents, such as Computershare, must withhold and pay to the IRS the applicable tax rate of such payments under certain conditions. This is called "backup withholding." Payments that may be subject to backup withholding include interest, dividends, broker and barter exchange transactions, and royalties. Supplying us with your correct Taxpayer Identification Number (TIN), and signing this form will generally allow you to receive your payments without being subject to backup withholding. Failure to supply your TIN, or supplying us with an incorrect TIN, could result in a $50.00 penalty being assessed by the IRS.

Receipt of a completed Form W-9 will discontinue backup withholding unless otherwise required.

**What Name and Number To Give the Requester**

---

| | | |
|:---|:---|:---|
| **For this type of account:** | **For this type of account:** | **Give name and SSN of:** |
| 1. | Individual | &nbsp;&nbsp;The individual |
| 2. | Two or more individuals (joint account) | &nbsp;&nbsp;The actual owner of the account or, if combined funds, the first individual on the account |
| 3. | Custodian account of a minor (Uniform Gift to Minors Act) | &nbsp;&nbsp;The minor |
| 4. | a. The usual revocable savings trust (grantor is also trustee) | &nbsp;&nbsp;The grantor-trustee |
|  | b. So-called trust account that is not a legal or valid trust under state law | The actual owner |
| 5. | Sole proprietorship or disregarded entity owned by an individual | &nbsp;&nbsp;The owner |
| 6. | Grantor trust filing under Optional Form 1099 Filing Method 1 (see Regulation section 1.671-4(b)(2)(i)(A)) | &nbsp;&nbsp;The grantor |
| **For this type of account:** | **For this type of account:** | &nbsp;&nbsp;**Give name and EIN of:** |
| 7. | Disregarded entity not owned by an individual | &nbsp;&nbsp;The owner |
| 8. | A valid trust, estate, or pension trust | &nbsp;&nbsp;Legal entity |
| 9. | Corporation or LLC electing corporate status on Form 8832 or Form 2553 | &nbsp;&nbsp;The corporation |
| 10. | Association, club, religious, charitable, educational, or other tax-exempt organization | &nbsp;&nbsp;The organization |
| 11. | Partnership or multi-member LLC | &nbsp;&nbsp;The partnership |
| 12. | A broker or registered nominee | &nbsp;&nbsp;The broker or nominee |
| 13. | Account with the Department of Agriculture in the name of a public entity (such as a state or local government, school district, or prison) that receives agricultural program payments | &nbsp;&nbsp;The public entity |
| 14. | Grantor trust filing under the Form 1041 Filing Method or the Optional Form 1099 Filing Method 2 (see Regulation section 1.671-4(b)(2)(i)(B)) | &nbsp;&nbsp;The trust |

---

**Exempt payee code.** Generally, individuals (including sole proprietors) are not exempt from backup withholding. Corporations are exempt from backup withholding for certain payments, such as interest and dividends. Corporations are not exempt from backup withholding for payments made in settlement of payment card or third party network transactions.

**Note.** If you are exempt from backup withholding, you should still complete this form to avoid possible erroneous backup withholding.

The following codes identify payees that are exempt from backup withholding:

---

| | |
|:---|:---|
| 1 | An organization exempt from tax under section 501(a), any IRA, or a custodial account under section 403(b)(7) if the account satisfies the requirements of section 401(f)(2) |
| 2 | The United States or any of its agencies or instrumentalities |
| 3 | A state, the District of Columbia, a possession of the United States, or any of their political subdivisions or instrumentalities |
| 4 | A foreign government or any of its political subdivisions, agencies, or instrumentalities |
| 5 | A corporation |
| 6 | A dealer in securities or commodities required to register in the United States, the District of Columbia, or a possession of the United States |
| 7 | A futures commission merchant registered with the Commodity Futures Trading Commission |
| 8 | A real estate investment trust |
| 9 | An entity registered at all times during the tax year under the Investment Company Act of 1940 |
| 10 | A common trust fund operated by a bank under section 584(a) |
| 11 | A financial institution |
| 12 | A middleman known in the investment community as a nominee or custodian |
| 13 | A trust exempt from tax under section 664 or described in section 4947 |

---

**Limited Liability Company or Other Classification**

If you are a Limited Liability Company or Other entity, complete an IRS Form W-9 found on the IRS website <u>www.irs.gov</u>. Be sure to include the information required in the IRS instructions for a *Limited Liability Company (LLC)* or for *Other entities* on page 2. Return the completed form to the address below.

**Definition of a U.S. Person.** For federal tax purposes, you are considered a U.S. person if you are:

● An individual who is a U.S. citizen or U.S. resident alien,

● A partnership, corporation, company, or association created or organized in the United States or under the laws of the United States,

● An estate (other than a foreign estate), or

● A domestic trust (as defined in Regulations Section 301.7701-7).

**Exemption from FATCA reporting:** If you are submitting this form for an account that is maintained in the United States, you are exempt from FATCA reporting.

**DID YOU KNOW?**

You can certify your account online by visiting us at the website on the reverse side of this form.

While online, join the thousands of shareholders that have signed up for electronic delivery!

21UW9 01QDHA

------

## Ex-99.D1

#### Exhibit (d)(1)
**Depositary and Information Agent Agreement**

**Between**

**Delaware Enhanced Global Dividend and Income Fund**

**and**

**Computershare Trust Company, N.A., Computershare Inc.**

**and**

**Georgeson LLC**

Depositary and IA Agreement 2023 Page 1

------

**THIS DEPOSITARY AND INFORMATION AGENT AGREEMENT** dated as of January 12, 2023 (the "**Effective Date**"), is by and between Delaware Enhanced Global Dividend and Income Fund, a Delaware statutory trust (the "**Purchaser**" or "Company"), having its principal office and place of business at 100 Independence, 610 Market Street, Philadelphia, PA 19106-23545, and Computershare Inc., a Delaware corporation ("**Computershare**"), and its wholly owned subsidiary Computershare Trust Company, N.A., a federally chartered trust company ("**Trust Company**", and together with Computershare, "**Agent**"), each having a principal office and place of business at 250 Royall Street, Canton, Massachusetts 02021, and, for purposes of the services provided under Article II hereof, Georgeson LLC, a Delaware limited liability company ("**Georgeson**").

**ARTICLE I – DEPOSITARY SERVICES**

**1. <u>APPOINTMENT</u>**

1.1 The Purchaser is offering to purchase up to 30% or 3,186,291 common shares of the Purchaser ("Shares") at the net asset value per share as described below net to the seller in cash, upon the terms and conditions set forth in its Offer to Purchase dated January 12, 2023 (the "**Offer to Purchase**") and in the letter of transmittal in a form acceptable to Agent and Purchaser (the "**Letter of Transmittal**"), which together, as they may be amended from time to time, constitute the "**Offer**". Purchaser hereby appoints Agent to act as depositary and information agent in connection with the Offer and Agent hereby accepts such appointment in accordance with and subject to the terms and conditions set forth in this Agreement.

1.2 The "**Expiration Date**" for the Offer shall be 5:00 p.m. New York time, on February 10, 20232, unless and until the Purchaser shall have extended the period of time for which the Offer is open, in which event the term "Expiration Date" shall mean the latest time and date at which the Offer, as so extended by the Purchaser from time to time, shall expire. Capitalized terms used but not defined herein shall have the same meanings as in the Offer.

1.3 Promptly after the date hereof, the Purchaser will furnish, or the Purchaser will cause the Company to furnish, Agent as depository, with a certified list, in a format acceptable to Agent, of holders of the Shares of record at the date noted above on which the Offer to Purchase becomes effective (the "**Effective Time**"), including each such holder's name, address, taxpayer identification number ("**TIN**"), Share amount with applicable tax lot detail, any certificate detail or indication of accounts holding the shares through the Direct Registration System ("**Book Entry Shares**") and information regarding any applicable account stops or blocks (the "**Record Shareholders List**").

1.4 No later than the earlier of (i) forty-five (45) days after the Expiration Date or (ii) January 15 of the year following the year in which the Expiration Date occurs, the Company shall deliver, or the Purchaser will cause the Company to deliver, to Agent as depository written direction on the adjustment of cost basis for covered securities that arise from or are affected by this Offer in accordance with current Internal Revenue Service regulations and as set forth in the Tax Instruction/Cost Basis Information Letter attached hereto as Exhibit A.

**2. <u>TENDER OF SHARES</u>**

Agent, in its capacity as depositary, will receive tenders of the Shares. Subject to the terms and conditions of this Agreement, Agent is authorized to accept such tenders of the Shares in accordance with the Offer, and to act in accordance with the following instructions:

2.1 The Shares shall be considered validly tendered to Agent only if:

Depositary and IA Agreement 2023 Page 2

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Agent
 receives prior to the Expiration Date, (i) certificates for such Shares (or a Confirmation
 (as defined in paragraph 2.2(a) below) relating to such Shares), if applicable, (ii) a properly
 completed and duly executed Letter of Transmittal or an Agent's Message (as defined
 in paragraph 2.2(b) below) relating thereto, and (iii) if applicable, a final determination
 by Purchaser of the adequacy of the items received, in accordance with Article I, Section
 8 hereof; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Agent receives (i)
a Notice of Guaranteed Delivery (as defined in Article I, Section 2.2(b) below) relating to such Shares prior to the Expiration Date,
(ii) certificates for such Shares (or a Confirmation relating to such Shares), if applicable, and either a properly completed and duly
executed Letter of Transmittal or an Agent's Message relating thereto, prior to the end of the second trading day on the New York
Stock Exchange after the Expiration Date, and (iii) if applicable, a final determination by Purchaser of the adequacy of the items received,
in accordance with Article I, Section 8 hereof.

2.2 For the purpose of this Agreement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) a "**Confirmation** "
shall be a confirmation of book-entry transfer of the Shares into an Agent account at The Depository Trust Company (the "**Book-Entry Transfer Facility**") to be established and maintained by Agent in accordance with Article I, Section 3 hereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) a "**Notice of Guaranteed Delivery**" shall be a notice of guaranteed delivery in the form agreed upon by the parties hereto or, if sent
by a Book-Entry Transfer Facility, a message transmitted through electronic means in accordance with the usual procedures of such Book-Entry
Transfer Facility and Agent; provided, however, that if such notice is sent by a Book-Entry Transfer Facility through electronic means,
it must state that such Book-Entry Transfer Facility has received an express acknowledgment from the participant on whose behalf such
notice is given that such participant has received and agrees to be bound by the form of such notice; and an "**Agent's Message** "
shall be a message transmitted through electronic means by a Book-Entry Transfer Facility, in accordance with the normal procedures of
such Book-Entry Transfer Facility and Agent, to and received by Agent and forming part of a Confirmation, which states that such Book-Entry
Transfer Facility has received an express acknowledgment from the participant in such Book-Entry Transfer Facility tendering the Shares
which are the subject of such Confirmation that such participant has received and agrees to be bound by the terms of the Letter of Transmittal,
and that the Purchaser may enforce such agreement against such participant. The term Agent's Message shall also include any hard copy
printout evidencing such message generated by a computer terminal maintained at Agent's office.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Purchaser
 acknowledges that in connection with the Offer Agent may enter into agreements or arrangements
 with a Book-Entry Transfer Facility which, among other things, provide that (i) delivery
 of an Agent's Message will satisfy the terms of the Offer with respect to the Letter of Transmittal,
 (ii) such agreements or arrangements are enforceable against the Purchaser by such Book-Entry
 Transfer Facility or participants therein and (iii) Agent, as depositary, is authorized to
 enter into such agreements or arrangements on behalf of the Purchaser. Without limiting any
 other provision of this Agreement, Agent is expressly authorized to enter into any such agreements
 or arrangements on behalf of the Purchaser and to make any necessary representations or warranties
 in connection thereunder, and any such agreement or arrangement shall be enforceable against
 the Purchaser.

(d) If any holder of the Shares as of the Effective Time reports to Agent that his or her failure to surrender a certificate representing any Shares registered in his or her name at the Effective Time according to the Record Noteholders List is due to the theft, loss or destruction of such certificate, upon Agent's receipt from such shareholder of (a) an affidavit of such theft, loss or destruction, (b) an open penalty surety bond in form and substance satisfactory to Agent, and (c) payment of all applicable fees,

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Agent will make and payment due in connection with the Offer to the former shareholder as though the certificate for the Shares had been surrendered. Agent may charge holders an administrative fee for processing payment with respect to the Shares represented by lost certificates, which shall be charged only once in instances where a single surety bond obtained covers multiple certificates in a single account. Agent may receive compensation, including in the form of commissions for services provided in connection with surety programs offered to shareholders. Shareholders may also secure their own surety bond acceptable to Computershare.

**3. <u>BOOK-ENTRY ACCOUNT</u>**

Agent shall take steps to establish and, subject to such establishment, maintain an account at each Book-Entry Transfer Facility for book-entry transfers of the Shares, as set forth in the Letter of Transmittal and Offer to Purchase. Agent shall maintain the Book Entry account until all shares tendered pursuant to the Offer shall have been subject to payment or returned.

**4. <u>PROCEDURE FOR DISCREPANCIES</u>**

Agent shall follow its regular procedures to attempt to reconcile any discrepancies between the number of Shares that any Letter of Transmittal may indicate are owned by a tendering shareholder and the number that the Record Shareholders List indicates such shareholder owned. In any instance where Agent cannot reconcile such discrepancies by following such procedures, Agent will consult with the Purchaser for instructions as to the number of Shares, if any; Agent is authorized to accept as validly tendered. In the absence of such instructions, Agent is authorized not to accept any such Shares and will return to the tendering shareholder (at Agent's option by either first class mail under a blanket surety bond or insurance protecting Agent, the Purchaser from losses or liabilities arising out of the non-receipt or non-delivery of such Shares or by registered mail insured separately for the value of such Shares) to such shareholder's address as set forth in the Letter of Transmittal any such Shares, the related Letters of Transmittal and any other documents received with such Shares.

**5. <u>PROCEDURE FOR DEFICIENT ITEMS</u>**

5.1 Agent shall examine any certificate representing the Shares, Letter of Transmittal, Notice of Guaranteed Delivery, Agent's Message and any other document required by the Letter of Transmittal that is received by Agent as depositary to determine whether any tender may be defective. In the event Agent concludes that any Letter of Transmittal, Notice of Guaranteed Delivery, Agent's Message or other document has been improperly completed, executed or transmitted, any certificate representing the Shares is not in proper form for transfer or some other irregularity in connection with the tender of the Shares exists, Agent is authorized, subject to 5.2 below, to advise the tendering shareholder or transmitting Book-Entry Transfer Facility, as the case may be, of the existence of the irregularity. Agent is not authorized to accept any tender that is not made in accordance with the terms and conditions set forth in the Offer, or any other tender which Agent deems to be defective, unless Agent shall have received from the Purchaser the applicable Letter of Transmittal (or if the tender was made by means of a Confirmation containing an Agent's Message, a written notice), duly dated and signed by an authorized officer of the Purchaser, indicating that any defect or irregularity in such tender has been cured or waived and that such tender has been accepted by the Purchaser.

5.2 Promptly upon concluding that any tender is defective, Agent shall use reasonable efforts in accordance with Agent's regular procedures to notify the person tendering such Shares, or Book-Entry Transfer Facility transmitting the Agent's Message, as the case may be, of such determination and, when necessary, return the subject Shares to such person in the manner described in Article I, Section 8 hereof. The Purchaser shall have full discretion to determine whether any tender is complete and proper and shall have the absolute right to reject any or all tenders of any Shares determined by it not to be in proper form and to determine whether the acceptance of or payment for such tenders may, in the opinion of counsel for the Purchaser, be unlawful; it being specifically agreed that Agent shall have neither discretion nor responsibility with respect to these determinations. To the extent permitted by

Depositary and IA Agreement 2023 Page 4

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applicable law, the Purchaser also reserves the absolute right to waive any of the conditions of the Offer or any defect or irregularity in the tender of any Shares. The interpretation by the Purchaser of the terms and conditions of the Offer to Purchase, the Letter of Transmittal and the instructions thereto, a Notice of Guaranteed Delivery or an Agent's Message (including without limitation the determination of whether any tender is complete and proper) shall be final and binding.

5.3 If less than all of the Shares validly tendered pursuant to the Offer are to be accepted because the Offer is oversubscribed by the Expiration Date, the Purchaser shall provide Agent with instructions regarding proration as soon as practicable. Agent shall maintain accurate records as to all the Shares tendered prior to or on the Expiration Date.

5.4 If any such deficiency with respect to any certificated Shares is neither corrected nor waived prior to the offer expiration date, Agent shall: (a) convert the shared represented by such certificate to a Book Entry position and (b) send to such holder a defect letter describing the applicable defects and asking that the deficiencies be corrected.

**6. <u>REPORT OF TENDER ACTIVITY</u>**

6.1. Agent shall forward reports of tender activity, by email, beginning 3 weeks prior to the initial expiration date, to each of the parties named below as to the following information, based upon a preliminary review as of the close of business on the preceding business day: (i) the number of the Shares tendered; (ii) the number of the Shares tended represented by certificates physically held by Agent; (iii) the number of the Shares represented by Notices of Guaranteed Delivery; (iv) the number of the Shares withdrawn; and (v) the cumulative totals of the Shares in categories (i) through (iv) above. At the expiration of the offer Agent shall provide a master lists of the Shares elected, including a complete list of the electing shareholders.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Michael
 Dresnin, Esq., Macquarie Asset Management – Legal Department, <u>Michael.dresnin@macquarie.com</u>,
 215-255-1511

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Richard
 Salus, Macquarie Asset Management – CFO, <u>richard.salus@macquarie.com</u>,
 215-255-1010

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Dennis
 Gallagher, Macquarie Asset Management – T/A Systems Control, <u>dennis.gallagher@macquarie.com</u>,
 215-255-2980

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Adam
 Deitz, Macquarie Asset Management – T/A Systems Control, <u>adam.deitz@macquarie.com</u>,
 215-255-8860

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Dan
 Geatens, Treasurer, <u>Daniel.geatens@macquarie.com</u>,
 215-255-1664

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Carleen
 Michalski, Macquarie Asset Management – Product Development, <u>carleen.michalski@macquarie.com</u>,
 215-255-1263

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Taylor
 Brody, Stradley Ronon Stevens & Young, LLP; <u>ebrody@stradley.com</u>;
 215-564-8071

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Matthew
 Keener, Macquarie Asset Management – Product Development, <u>matthew.keener@macquarie.com</u> 

6.2. Agent may furnish to the Purchaser, upon reasonable request, ad hoc reports. Fees for such reports will be as set forth on the Schedule of Fees attached hereto as Exhibit B. At the expiration of the Offer

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Agent shall provide a master list of the Shares tendered, including a complete list of the tendering shareholders.

**7. <u>NOTICE OF WITHDRAWAL</u>**

Agent will return to any person tendering the Shares, in the manner described in Article I, Section 8 hereof, any Shares tendered by such person but duly withdrawn pursuant to the Offer to Purchase. To be effective, Agent must receive a written notice of withdrawal at its address as set forth on the back page of the Offer to Purchase, within the time period specified for withdrawal in the Offer to Purchase or other method mutually agreed to by the Purchaser and Agent. Any notice of withdrawal must specify the name of the registered holder of the Shares to be withdrawn, the number of the Shares to be withdrawn and, if such Shares are represented by a physical certificate, the number of such certificate. Agent is authorized and directed to examine any notice of withdrawal to determine whether it believes any such notice may be defective. In the event Agent concludes that any such notice is defective it shall, after consultation with and on the instructions of the Purchaser, use reasonable efforts in accordance with its regular procedures to notify the person delivering such notice of such determination. All questions as to the form and validity (including time of receipt) of notices of withdrawal will be determined by the Purchaser in its sole discretion, whose determination shall be final and binding. Any Shares withdrawn in accordance with the procedures set forth in this section shall no longer be considered to be properly tendered unless such Shares are re-tendered prior to the Expiration Date in accordance with Article I, Section 2 hereof.

**8. <u>RETURN OF SHARES</u>**

If, pursuant to the terms and conditions of the Offer, the Purchaser has notified Agent that it does not accept certain of the Shares tendered or purported to be tendered or a shareholder has withdrawn any tendered Shares, the Purchaser instructs the Agent to promptly return tendered certificated shares, by canceling all such certificated Shares and issuing an equal number of book-entry shares in Direct Registration System to each tendering holder and mail a transaction advice reflecting such to each holder, together with any other documents received, to the person who deposited the same. Any transaction advice for such Shares and other documents shall be delivered by Agent, at its option, by:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) first class mail
under a blanket surety bond or insurance protecting Agent and the Purchaser from losses or liabilities arising out of the non-receipt
or non-delivery of such Shares; or

b) registered mail
insured separately for the value of such Shares. If any such Shares were tendered or purported to be tendered by means of a Confirmation
containing an Agent's Message, Agent shall notify the Book-Entry Transfer Facility that transmitted such Confirmation of the Purchaser's
decision not to accept the Shares.

**9. <u>AMENDMENT/EXTENSION OF OFFER</u>**

Any amendment to or extension of the Offer, as the Purchaser shall from time to time determine, shall be effective upon notice to Agent from the Purchaser given prior to the time the Offer would otherwise have expired, and shall be promptly confirmed by the Purchaser in writing; provided that Agent may rely on and shall be authorized and protected in acting or failing to act upon any such notice even if such notice is not confirmed in writing or such confirmation conflicts with such notice. If at any time the Offer shall be terminated as permitted by the terms thereof, the Purchaser shall promptly notify Agent of such termination. For purpose of this agreement, an extension or subsequent offer period (an "**Extension**") shall last up to 10 business days. Any Extension period exceeding 10 business days will incur additional fees commensurate with that extension or extensions.

**10. <u>DISTRIBUTION OF ENTITLEMENTS</u>**

10.1 If, under the terms and conditions set forth in the Offer to Purchase, the Purchaser becomes obligated to accept and pay for the Shares validly tendered, the Purchaser shall:

Depositary and IA Agreement 2023 Page 6

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Provide
 Agent with a Notice of Acceptance in a form mutually agreed to by Agent and the Purchaser

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Provide
 Agent with instructions to coordinate the transfer of the Shares purchased in a form mutually
 agreed to by Agent and the Purchaser (the "**Transfer of Shares** ")

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) Deposit
 with Agent sufficient federal or other immediately available funds to pay, subject to the
 terms and conditions of the Offer, all shareholders for whom payment for the Shares are to
 be drawn, less any adjustments required by the terms of the Offer and all applicable tax
 withholdings ()"**Tender Consideration** "),

10.2 Upon the Transfer of the Shares and deposit of immediately available funds, Agent shall deliver or cause to be delivered to shareholders who have validly tendered their Shares (or such holders' designated payees), consistent with this Agreement and the Letter of Transmittal, official bank checks, or other method as mutually agreed between Agent and the Purchaser, in the amount of the applicable purchase price specified in the Offer (less any applicable tax withholding) for the Shares theretofore properly tendered and purchased under the terms and conditions of the Offer (the "**Payment Event**"). Tender Consideration must be received by Agent prior to 9:00 a.m. New York City time for Payment Event to commence on the same day that Tender Consideration is received by Agent. Agent will not be obligated to calculate or pay interest to any holder or any other party claiming through a holder or otherwise.

**ARTICLE II – Information Agent Services**

**<u>Information Agent Services</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. **Services.** Georgeson shall perform the information agent services described in the attached Exhibit
 B (such services, collectively, the "**IA Services** ").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. **Fees.** In consideration of Georgeson's performance of the IA Services, the Purchaser shall
 pay Georgeson the amounts, and pursuant to the terms, set forth on the attached Exhibit B,
 together with the Expenses (as defined below). The Purchaser acknowledges and agrees that
 the Schedule of Fees shall be subject to adjustment if the Purchaser requests Georgeson to
 provide services with respect to additional matters or a revised scope of work.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. **Expenses.** In addition to the fees and charges described in paragraphs (2) and 3(d) hereof, Georgeson
 shall charge the Purchaser, and the Purchaser shall be solely responsible, for the following
 costs and expenses (collectively, the "**Expenses** "):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Costs
 and expenses incidental to the Offer, including without limitation the mailing or delivery
 of Offer materials;

b. Costs
 and expenses relating to Georgeson's work with its agents or other parties involved
 in the Offer, including without limitation charges for bank threshold lists, data processing,
 telephone directory assistance, facsimile transmissions or other forms of electronic communication;

c. Costs
 and expenses incurred by Georgeson at the Purchaser's request or for the Purchaser's
 convenience, including without limitation for copying, printing of additional and/or supplemental
 material and travel by Georgeson's personnel; and

d. Any
 other costs and expenses authorized by the Purchaser during the course of the Offer, including
 without limitation those relating to advertising (including production and posting), media
 relations and analytical services.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. The
 Purchaser shall pay all applicable taxes incurred in connection with the delivery of the
 IA Services or Expenses.

**4.** **Custodial Charges.**

Georgeson agrees to check, itemize and pay on the Purchaser's behalf the charges of brokers and banks, with the exception of Broadridge Financial Solutions, Inc. (which will bill the Purchaser directly), for forwarding the Purchaser's offering material to beneficial owners. The Purchaser shall reimburse Georgeson for such broker and bank charges in the manner described in the Fees & Services Schedule.

**ARTICLE III – GENERAL PROVISIONS**

**1. <u>ELIGIBILITY OF SHARES FOR PAYMENT</u>**

Other than as set forth in this Agreement otherwise, all Shares are eligible for payment regardless of any restrictive legend affixed thereupon or applicable thereto, any dissenter's rights and any other restrictions on payment, Purchaser agrees to provide the information on the list of affiliates, ineligible shares and certain plans as required by Exhibit C, as requested.

2. <u>DEPOSIT OF FUNDS</u>

***2.1 All funds received by Computershare pursuant to this Agreement that are to be distributed or applied by Computershare in accordance with the terms of this Agreement (the "****Funds**") shall be delivered to Computershare by 9:00 a.m. Eastern Time ("**ET**") and in no event later than 12:00 p.m. ET on the Effective Time. Funding after 9:00 a.m. but before 12:00 p.m. on the Effective Time may cause delays in payments to be made on the Effective Time. Delivery of the Funds on any day after 2:00 p.m. ET will be subject to the terms of Article III, Section 2.4, below. Once received by Computershare, the Funds shall be held by Computershare as agent for the Purchaser. Until paid or distributed in accordance with this Agreement, the Funds shall be deposited in one or more bank accounts to be maintained by Computershare in its name as agent for the Purchaser. Until paid pursuant to this Agreement, Computershare shall hold the Funds through such accounts.***

2.2 Computershare will only draw upon the Funds in such account(s) as required from time to time in order to make the payments for the Shares and any applicable tax withholding payments. Computershare shall have no responsibility or liability for any diminution of the Funds that may result from any deposit or investment made by Computershare in accordance with this Article III, Section 2, including any losses resulting from a default by any bank, financial institution or other third party. Computershare may from time to time receive interest, dividends or other earnings in connection with such deposits. Computershare shall not be obligated to pay such interest, dividends or earnings to the Purchaser, any holder or any other party.

2.3 Computershare is acting as Agent hereunder and is not a debtor of the Purchaser in respect of the Funds.

2.4 In the case of late-day funding, which means delivery of the Funds to Computershare after 2:00 p.m. ET on *any day*, regardless of whether such funding occurs prior to, or after, the Effective Time as set forth in Article III, Section 2.1 above ("**Late-Day Funding**"), Federal Deposit Insurance or other bank liquidity charges may apply in connection with the overnight deposit of the Funds with commercial banks. The parties hereto agree that any such charges assessed as a result of Late-Day Funding will be charged to the Purchaser and the Purchaser hereby agrees to pay such charges.

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2.5 The Purchaser agrees to deliver the Funds by wire to the account(s) listed on the attached Exhibit D, which may be amended in writing from time to time.

**3. <u>International Currency Exchange</u>**

Computershare at its option may offer its International Currency Exchange ("**ICE**") Service (the "**Service**") to certain shareholders whereby any such shareholder can elect to receive their payment in a currency other than U.S. Dollars, via a convenient and secure currency conversion service. The Service is voluntary and will only be utilized at the direction of the eligible shareholder electing such Service and agreeing to the terms and condition of the Service as described in the ICE Registration Form included with a Letter of Transmittal and sent to eligible shareholders. Agent shall charge a fee to participants for processing. The Purchaser will not incur fees resulting from the Service.

**4. <u>DATE/TIME STAMP</u>**

Each document received by Agent relating to its duties hereunder shall be dated and time stamped when received.

**5. <u>RESERVED</u>**

**6. <u>TAX REPORTING</u>**

6.1 Agent shall prepare and file with the appropriate governmental agency and mail to each shareholder, as applicable, all appropriate tax information forms, including but not limited to Forms 1099-B, covering payments or any other distributions made by Agent pursuant to this Agreement during each calendar year, or any portion thereof, during which Agent performs services hereunder, as described in the Tax Instruction /Cost Basis Information Letter attached hereto as Exhibit A. Any cost basis or tax adjustments required after the Effective Time will incur additional fees.

6.2 With respect to any surrendering shareholder whose TIN has not been certified as correct, Agent shall deduct and withhold the appropriate backup withholding tax from any payment made to such shareholder pursuant to the Internal Revenue Code. Agent shall forward such withholding taxes to the IRS with the appropriate required documentation customarily required to discharge the Purchaser's applicable withholding obligation with respect to such transactions.

6.3 Should any issue arise regarding federal income tax reporting or withholding, Agent shall take such reasonable action as the Purchaser may reasonably request in writing. Such action may be subject to additional fees.

**<u>7. UNCLAIMED PROPERTY</u>** The Agent shall report unclaimed property to each state in compliance with state laws. The Agent will charge the Purchaser its standard fees plus expenses (including the cost of due diligence mailings) for such services. The Purchaser acknowledges and agrees that in the case of reports made and property delivered pursuant to an initial or voluntary compliance program administered by private auditing agents retained by state unclaimed property administrators, the Agent will be compensated for its efforts in facilitating the Purchaser's involvement in such a program including the provision of the necessary records and remittance of property in the manner required by the program by means of an expense reimbursement payment based on a percentage of the property remitted to the states through participation in the program. The Purchaser will not be charged for any services performed by the Agent in conjunction with the program to the extent that the Agent receives an expense reimbursement and agrees to reimburse Agent for any expenses incurred in the performance of such services.

**8. <u>AUTHORIZATIONS AND PROTECTIONS</u>**

As agent for the Purchaser hereunder, Agent and Georgeson, respectively:

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8.1 Shall have no duties or obligations other than those specifically set forth herein or as may subsequently be agreed to in writing by Agent or Georgeson, as applicable, and the Purchaser;

8.2 Shall have no obligation to make any payment for the Shares unless the Purchaser shall have provided the necessary federal or other immediately available funds to pay in full amounts due and payable with respect thereto;

8.3 Shall be regarded as making no representations and having no responsibilities as to the validity, sufficiency, value, or genuineness of any certificates or the Shares represented thereby surrendered hereunder and will not be required to or be responsible for and will make no representations as to, the validity, sufficiency, value or genuineness of the Certificates;

8.4 Shall not be obligated to take any legal action hereunder; if, however, Agent or Georgeson, as applicable, determines to take any legal action hereunder, and where the taking of such action might, in such party's judgment, subject or expose it to any expense or liability, Agent or Georgeson, as applicable, shall not be required to act unless it shall have been furnished with an indemnity satisfactory to it;

8.5 May rely on and shall be fully authorized and protected in acting or failing to act upon any certificate, instrument, opinion, notice, letter, telegram, telex, facsimile transmission or other document or security delivered to Agent and reasonably believed by Agent or by Georgeson, as applicable, to be genuine and to have been signed by the proper party or parties;

8.6 Shall not be liable or responsible for any recital or statement contained in the Offer to Purchase or any other documents relating thereto;

8.7 Other than in its capacities under this Agreement, shall not be liable or responsible for any failure of the Purchaser or any other party to comply with any of its covenants and obligations relating to the Offer to Purchase, including without limitation obligations under applicable securities laws;

8.8 Shall not be liable to any holder of the Shares for any property that has been delivered to a public official pursuant to applicable abandoned property law;

8.9 May, from time to time, rely on instructions provided by the Purchaser concerning the services provided hereunder. Further, Agent or Georgeson, as applicable, may apply to any officer or other authorized person of Purchaser for instruction, and may consult with legal counsel for Agent or Georgeson, as applicable, or the Purchaser with respect to any matter arising in connection with the services provided hereunder. Agent and its agents and subcontractors shall not be liable and shall be indemnified by Purchaser under Article III, Section 10.2 of this Agreement for any action taken or omitted by Agent or Georgeson, as applicable, in reliance upon any Purchaser instructions or upon the advice or opinion of such counsel. Neither Agent nor Georgeson shall be held to have notice of any change of authority of any person, until receipt of written notice thereof from the Purchaser;

8.10 May rely on and be fully authorized and protected in acting or failing to act upon (a) any guaranty of signature by an "eligible guarantor institution" that is a member or participant in the Securities Transfer Agents Medallion Program or other comparable "signature guarantee program" or insurance program in addition to, or in substitution for, the foregoing; or (b) any law, act, regulation or any reasonable interpretation of the same even though such law, act, or regulation may thereafter have been altered, changed, amended or repealed;

8.11 Either in connection with, or independent of the instruction term in Article III, Section 8.9 above, Agent or Georgeson, as applicable, may consult counsel satisfactory to such party (including internal counsel), and the advice of such counsel shall be full and complete authorization and protection in respect of any action taken, suffered or omitted by Agent or Georgeson, as applicable, hereunder in good faith and in reliance upon the advice of such counsel;

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8.12 May perform any of its duties hereunder either directly or by or through agents or attorneys and neither Agent nor Georgeson shall be liable or responsible for any misconduct or negligence on the part of any agent or attorney appointed with reasonable care hereunder; and

8.13 Is not authorized, and shall have no obligation, to pay any brokers, dealers, or soliciting fees to any person.

**9.** **<u>REPRESENTATIONS AND WARRANTIES</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.1 **Agent.** Agent represents and warrants to Purchaser that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Governance.</u> Trust Company is a federally chartered trust company duly organized, validly existing,
 and in good standing under the laws of the United States and Computershare is a corporation
 duly organized, validly existing, and in good standing under the laws of the State of Delaware
 and each has full power, authority and legal right to execute, deliver and perform this Agreement;
 and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Compliance with Laws.</u> The execution, delivery and performance of this Agreement by Agent has been
 duly authorized by all necessary action, constitutes the legal, valid and binding obligation
 of Agent enforceable against Agent in accordance with its terms, will not require the consent
 of any third party that has not been given, and will not violate, conflict with or result
 in the breach of any material term, condition or provision of (i) any existing law, ordinance,
 or governmental rule or regulation to which Agent is subject, (ii) any judgment, order, writ,
 injunction, decree or award of any court, arbitrator or governmental or regulatory official,
 body or authority applicable to Agent, (iii) Agent's incorporation documents or by-laws,
 or (iv) any material agreement to which Agent is a party.

9.2 **Purchaser .** Purchaser represents and warrants to Agent that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Governance.</u> It is a business trust duly organized, validly existing and in good standing under the
 laws of the State of Delaware, and it has full power, authority and legal right to enter
 into and perform this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Compliance with Laws</u>. The execution, delivery and performance of this Agreement by Purchaser has
 been duly authorized by all necessary action, constitutes the legal, valid and binding obligation
 of Purchaser enforceable against Purchaser in accordance with its terms, will not require
 the consent of any third party that has not been given, and will not violate, conflict with
 or result in the breach of any material term, condition or provision of (i) any existing
 law, ordinance, or governmental rule or regulation to which Purchaser is subject, (ii) any
 judgment, order, writ, injunction, decree or award of any court, arbitrator or governmental
 or regulatory official, body or authority applicable to Purchaser, (iii) Purchaser's
 incorporation documents or by-laws, (iv) any material agreement to which Purchaser is a party,
 or (v) any applicable stock exchange rules; and

9.3 **Georgeson.** Georgeson represents and warrants to Purchaser that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Governance.</u> Information Agent is a limited liability company duly organized, validly existing, and
 in good standing under the laws of the State of Delaware and has full power, authority and
 legal right to execute, deliver and perform this Agreement; and

(b) <u>Compliance with Laws.</u> The execution, delivery and performance of this Agreement by Georgeson has been duly authorized by all necessary action, constitutes
the legal, valid and binding obligation of Georgeson enforceable against Georgeson in accordance with its terms, will not require the
consent of any third party that has not been given, and will not violate,

Depositary and IA Agreement 2023 Page 11

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conflict with or result in the breach of any material term, condition or provision of (i) any existing law, ordinance, or governmental rule or regulation to which Georgeson is subject, (ii) any judgment, order, writ, injunction, decree or award of any court, arbitrator or governmental or regulatory official, body or authority applicable to Georgeson, (iii) Georgeson's incorporation documents or by-laws, or (iv) any material agreement to which Georgeson is a party.

**10.** **<u>INDEMNIFICATION AND LIMITATION OF LIABILITY</u>**

10.1 <u>Liability.</u> Agent and Georgeson shall only be liable, severally and not jointly, for any loss or damage determined by a court of competent jurisdiction to be a result of Agent's or Georgeson's respective gross negligence or willful misconduct; provided that any respective liability of Agent and Georgeson will be limited in the aggregate of two (2) times the amounts paid hereunder by Purchaser to Agent or Georgeson, respectively, as fees and charges, but not including reimbursable expenses.

10.2 <u>Indemnity.</u> Purchaser shall indemnify and hold Agent and Georgeson harmless from and against, and neither Agent nor Georgeson shall be responsible for, any and all losses, claims, damages, costs, charges, counsel fees and expenses, payments, expenses and liability (collectively, "Losses") arising out of or attributable to Agent's or Georgeson's respective duties under this Agreement or this appointment, including the reasonable costs and expenses of defending itself against any Loss or enforcing this Agreement, except for any liability of Agent or Georgeson as set forth in Article III, Section 10.1 above.

Georgeson shall indemnify and hold harmless the Company, its affiliates and their respective officers, directors, employees and agents from and against any and all Losses arising out of or relating to the performance of the Services, including the reasonable costs and expenses of defending against any Loss or enforcing this Agreement, to the extent such Losses shall have been determined by a court of competent jurisdiction to be a result of Georgeseon's gross negligence or willful misconduct.

Agent shall indemnify and hold harmless the Company, its affiliates and their respective officers, directors, employees and agents from and against any and all Losses arising out of or relating to the performance of the Services, including the reasonable costs and expenses of defending against any Loss or enforcing this Agreement, to the extent such Losses shall have been determined by a court of competent jurisdiction to be a result of Agent's gross negligence or willful misconduct.

**11.** **<u>DAMAGES</u>**

Notwithstanding anything in this Agreement to the contrary, no party shall be liable to any other for any incidental, indirect, special or consequential damages of any nature whatsoever, including, but not limited to, loss of anticipated profits, occasioned by a breach of any provision of this Agreement even if apprised of the possibility of such damages.

**12. <u>CONFIDENTIALITY</u>**

12.1 <u>Definition</u>. "Confidential Information" shall mean any and all technical or business information relating to a party, including, without limitation, financial, portfolio holdings, marketing and product development information, shareholder data (including any non-public information of such shareholder), proprietary information, and the terms and conditions (but not the existence) of this Agreement, that is disclosed or otherwise becomes known to the other party or its affiliates, agents or representatives before or during the term of this Agreement. Confidential Information constitutes trade secrets and is of great value to the owner (or its affiliates). Confidential Information shall not include any information that is: (a) already known to the other party or its affiliates at the time of the disclosure; (b) publicly known at the time of the disclosure or becomes publicly known through no wrongful act or failure of the other party; (c) subsequently disclosed to the other party or its affiliates on a non-confidential basis by a third party not having a confidential relationship with the owner and which rightfully acquired such

Depositary and IA Agreement 2023 Page 12

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information; or (d) independently developed by one party without access to the Confidential Information of the other.

12.2 <u>Use and Disclosure.</u> All Confidential Information of a party will be held in confidence by the other party with at least the same degree of care as such party protects its own confidential or proprietary information of like kind and import, but not less than a reasonable degree of care. Neither party will disclose in any manner Confidential Information of the other party in any form to any person or entity without the other party's prior consent. However, each party may disclose relevant aspects of the other party's Confidential Information to its officers, affiliates, agents, subcontractors and employees to the extent reasonably necessary to perform its duties and obligations under this Agreement and such disclosure is not prohibited by applicable law. Without limiting the foregoing, each party will implement such physical and other security measures and controls which are designed to protect (a) the security and confidentiality of Confidential Information; (b) against any threats or hazards to the security and integrity of Confidential Information; and (c) against any unauthorized access to or use of Confidential Information. To the extent that a party delegates any duties and responsibilities under this Agreement to an agent or other subcontractor, the party ensures that such agent and subcontractor are contractually bound to confidentiality terms consistent with the terms of this Article III, Section 12.

14.3 <u>Required or Permitted Disclosure</u>. In the event that any requests or demands are made for the d2sclosure of Confidential Information, other than requests to Agent or Georgeson, as applicable, for shareholder records pursuant to standard subpoenas from state or federal government authorities (e.g., divorce and criminal actions), the party receiving such request will promptly notify the other party to secure instructions from an authorized officer of such party as to such request and to enable the other party the opportunity to obtain a protective order or other confidential treatment, unless such notification is otherwise prohibited by law or court order. Each party expressly reserves the right, however, to disclose Confidential Information to any person whenever it is advised by counsel that it may be held liable for the failure to disclose such Confidential Information or if required by law or court order.

12.4 <u>Unauthorized Disclosure.</u> As may be required by law and without limiting any party's rights in respect of a breach of this Article III, Section 14, each party will promptly:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Notify
 the other party in writing of any unauthorized possession, use or disclosure of the other
 party's Confidential Information by any person or entity that may become known to such party;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Furnish
 to the other party full details of the unauthorized possession, use or disclosure; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Use
 commercially reasonable efforts to prevent a recurrence of any such unauthorized possession,
 use or disclosure of Confidential Information.

12.5 <u>Costs.</u> Each party will bear the costs it incurs as a result of compliance with this Article III, Section 12.

14.6 <u>Damages.</u> The parties agree that money damages may not be a sufficient remedy for any breach of this Section (i) by Agent (or its Representatives). Upon any actual or threatened violation of this Section (i) by Agent (or its Representatives), the Fund shall be entitled to seek preliminary and other injunctive relief against such violation, in addition to any other rights or remedies which the Fund may have at law or in equity.

**13.** **<u>TERMINATION</u>**

13.1 <u>Depositary</u>. The Agent or the Purchaser may, with respect to the depositary services, terminate this Agreement upon 30 days prior written notice to the other party. Unless so terminated, this Agreement shall continue in effect until all Shares have been received and paid for, or until the final delivery of all consideration(s) to the appropriate states as unclaimed property. In the event of such termination, the

Depositary and IA Agreement 2023 Page 13

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Purchaser will appoint a successor agent and inform Agent of the name and address of any successor agent so appointed, provided that no failure by the Purchaser to appoint such a successor agent shall affect the termination of this Agreement or the discharge of Agent as agent hereunder. Upon any such termination, Agent shall be relieved and discharged of any further responsibilities with respect to its duties hereunder. Upon payment of all outstanding fees and expenses hereunder, Agent shall promptly forward to the Purchaser or its designee any unpaid Tender Consideration deposited with Agent pursuant to Article III, Section 2 hereof.

13.2 <u>Information Agent.</u> Either Georgeson or the Purchaser may, with respect to the IA Services, terminate this Agreement upon 30 days prior written notice to the other party. Unless so terminated, this Agreement shall, with respect to IA Services continue in effect for the term of the Offer and any extension thereof, and shall terminate upon the final expiration of the Offer.

13.3 Notices of termination delivered pursuant to Article III, Section 13.1, above, will not be deemed to terminate IA Services. Likewise, termination pursuant to Article III, Section 13.2, above, will not be deemed to terminate depositary services.

**14. <u>COMPENSATION AND EXPENSES</u>**

14.1 The Purchaser shall pay to Agent and to Georgeson, respectively, compensation in accordance with the attached Exhibit B, together with reimbursement for reasonable fees and disbursements of counsel, regardless of whether any Shares are surrendered to Agent, for Agent's services as agent hereunder, and for Georgeson's services as information agent hereunder.

14.2 The Purchaser shall be charged for certain expenses advanced or incurred by Agent and Georgeson in connection with the performance of their respective duties hereunder. Such charges include, but are not limited to, stationery and supplies, such as checks, envelopes and paper stock, as well as any disbursements for telephone and document creation and delivery. While both Agent and Georgeson endeavor to maintain such charges (both internal and external) at competitive rates, these charges may not reflect actual out-of-pocket costs, and may include handling charges to cover internal processing and use of Agent's and Georgeson's billing systems.

14.3 If any out-of-proof condition caused by the Purchaser or the Company or any of its prior agents arises during any terms of this agreement, the Purchaser will, promptly upon Agent's request, provide Agent with funds or shares sufficient to resolve the out-of-proof condition.

14.4 All amounts owed to Agent and Georgeson hereunder are due within thirty (30) days of the invoice date. Delinquent payments are subject to a late payment charge of one and one half percent (1.5%) per month commencing forty-five (45) days from the invoice date. The Purchaser agrees to reimburse Agent and Georgeson for any attorney's fees and any other costs associated with collecting delinquent payments.

14.5 The parties hereto agree that in the event that Agent and Georgeson commence performance under this Agreement, which performance may include, *inter alia*, initial event set-up activity, balancing and reconciliation, loading files, preparing letters of transmittal or other documents, as applicable, but the transaction contemplated hereunder is not initiated for any reason, the Purchaser agrees to pay, in any event, the Event Management fee and the IA Services base fee, set forth in Exhibit B, attached hereto. In addition, the Purchaser agrees to pay any expenses incurred by the Agent in connection with the services hereunder, up to and including the date on which Agent receives written notice of termination pursuant to Article III, Section 13 hereof.

14.6 Following initiation and notice of termination of this Agreement for any reason, the Purchaser hereby agrees to pay on or before the effective date of such termination (a) all fees earned and expenses set forth on the attached Exhibit B incurred by Agent through and including the date of such termination, including, in any event, the Event Management Fee, and (b) all costs and expenses associated with the

Depositary and IA Agreement 2023 Page 14

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movement of records, materials, and services to Purchaser or the successor agent, including all reasonable expense.

14.7 Purchaser is responsible for all taxes, levies, duties, and assessments levied on services purchased under this Agreement (collectively, "**Transaction Taxes**"). Computershare is responsible for collecting and remitting Transaction Taxes in all jurisdictions in which Computershare is obligated to collect such Transaction Taxes. Computershare shall invoice Purchaser for such Transaction Taxes that Computershare is obligated to collect upon the furnishing of services provided hereunder. Purchaser shall pay such Transaction Taxes according to the terms in Article III, Section 14.1, above. Computershare shall timely remit to the appropriate governmental authorities all such Transaction Taxes. To the extent that Purchaser provides Computershare with valid exemption certificates, direct pay permits, or other documentation that exempts Computershare from collecting Transaction Taxes from Purchaser, invoices issued for services hereunder provided after Computershare's receipt of such certificates, permits, or other documentation will not reflect exempted Transaction Taxes. Computershare is solely responsible, as applicable, for the payment of all personal property taxes, franchise taxes, corporate excise or privilege taxes, property or license taxes, taxes relating to Computershare's personnel, and taxes based on Agent's and Georgeson's net income or gross revenues relating to services provided hereunder.

**15.** **<u>ASSIGNMENT</u>**

Neither this Agreement nor any rights or obligations hereunder may be assigned by Purchaser or Agent without the written consent of the other parties; provided, however, that Agent may, with written notice but without further consent of Purchaser, assign any of its rights and obligations hereunder to any affiliated agent registered under Rule 17Ac2-1 promulgated under the 1934 Act.

**16. <u>SUBCONTRACTORS AND UNAFFILIATED THIRD PARTIES</u>**

16.1 <u>Subcontractors.</u> Agent may, without further consent of Purchaser, subcontract with (a) any affiliates, or (b) unaffiliated subcontractors for such services as may be required from time to time (e.g. lost shareholder searches, escheatment, telephone and mailing services); provided, however, that Agent shall be as fully responsible to Purchaser for the acts and omissions of any subcontractor as it is for its own acts and omissions.

16.2 <u>Unaffiliated Third Parties</u>. Nothing herein shall impose any duty upon Agent in connection with or make Agent liable for the actions or omissions to act of unaffiliated third parties (other than subcontractors referenced in Article III, Section 16.1 of this Agreement) such as, by way of example and not limitation, airborne services, delivery services, the U.S. mails, and telecommunication companies, provided, if Agent selected such company, Agent exercised due care in selecting the same.

**17. <u>MISCELLANEOUS</u>**

17.1 Notices. All notices, demands and other communications given pursuant to the terms and provisions hereof shall be in writing, shall be deemed effective on the date of receipt, and may be sent by overnight delivery services, or by certified or registered mail, return receipt requested to:

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| | |
|:---|:---|
| If to the Purchaser: | with an additional copy to: |
| Delaware Enhanced Global Dividend | Daniel V. Geatens |
| and Income Fund | Senior Vice President |
| 610 Market Street |  |
| Philadelphia, PA 19106-2354 |  |
|  | 100 Independence |
|  | 610 Market Street |
|  | Philadelphia, PA 19106-2354 |

---

Depositary and IA Agreement 2023 Page 15

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| | |
|:---|:---|
| Michael E. Dresnin | Tel: 215-255-1664 |
| Tel: 215-255-1511 |  |
|  | <u>daniel.geatens@macquarie.com</u> |
| <u>Michael.dresnin@macquarie.com</u> |  |

---

Invoice for Fees and Services (if different than above):

Delaware Enhanced Global Dividend and Income Fund

100 Independence

610 Market Street

Philadelphia, PA 19106-2354

daniel.geatens@macquarie.com

Daniel V. Geatens, Vice President

If to Agent (as applicable): with an additional copy to: <br>Computershare Inc. 480 Washington Blvd, 29<sup>th</sup> Floor Jersey City, NJ 07310 Attn: Corp Actions Relationship Manager Computershare Inc. 2150 Royall Street Canton, MA 02021 Attn: Legal Department

Or

Computershare Inc.

150 Royall Street

Canton, MA 02021

Attn: Corp Actions Relationship Manager

If to Georgeson: Georgeson LLC 1290 Avenue of the Americas, 9th Floor, New York, NY 10104 Attn: Relationship Manager with an additional copy to: Georgeson LLC 480 Washington Blvd, 29<sup>th</sup> Floor Jersey City, NJ 07310 Attn: Legal Department <br>

17.2 <u>No Expenditure of Funds.</u> No provision of this Agreement shall require Agent or Georgeson, as applicable, to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder or in the exercise of its rights if it shall believe in good faith that repayment of such funds or adequate indemnification against such risk or liability is not reasonably assured to it.

17.3 <u>Publicity.</u> No party shall issue a news release, public announcement, advertisement, or other form of publicity concerning the existence of this Agreement or the Services to be provided hereunder without obtaining the prior written approval of the other party, which may be withheld in the other party's sole discretion; provided that Agent may use Purchaser's name as required by law or regulation and Purchaser can use Agent's and Georgeson's name and telephone number in regulatory required press releases.

17.4 <u>Successors.</u> All the covenants and provisions of this Agreement by or for the benefit of Purchaser or Agent and Georgeson, as applicable, shall bind and inure to the benefit of their respective successors and assigns hereunder.

Depositary and IA Agreement 2023 Page 16

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17.5 <u>Amendments.</u> This Agreement may be amended or modified by a written amendment executed by the parties hereto and, to the extent required, authorized by a resolution of the Board of Trustees of Purchaser.

17.6 <u>Severability.</u> If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction or other authority to be invalid, void or unenforceable, the remainder of the terms, provision, covenants and restrictions of this Agreement shall remain in full force and effect and shall in no way be affected, impaired or invalidated.

17.7 <u>Governing Law; Jurisdiction</u>. This Agreement shall be governed by the laws of the State of New York, without regard to principles of conflicts of law. The parties irrevocably, (a) submit to the non-exclusive jurisdiction of any New York State court sitting in New York City or the United States District Court for the Southern District of New York in any action or proceeding arising out of or relating to this Agreement, (b) waive, to the fullest extent they may effectively do so, any defense based on inconvenient forum, improper venue or lack of jurisdiction to the maintenance of any such action or proceeding, and (c) waive all right to trial by jury in any action, proceeding or counterclaim arising out of this Agreement or the transactions contemplated hereby. Neither Agent nor Georgeson shall be required hereunder to comply with the laws or regulations of any country other than the United States of America or any political subdivision thereof. Agent and Georgeson may each consult with foreign counsel, at Purchaser's expense, to resolve any foreign law issues that may arise as a result of Purchaser or any other party being subject to the laws or regulations of any foreign jurisdiction.

17.8 <u>Force Majeure.</u> Notwithstanding anything to the contrary contained herein, neither Agent nor Georgeson shall be liable for any delays or failures in performance resulting from acts beyond its reasonable control including, without limitation, pandemics, acts of God, terrorist acts, shortage of supply, breakdowns or malfunctions, interruptions or malfunction of computer facilities, or loss of data due to power failures or mechanical difficulties with information storage or retrieval systems, labor difficulties, war, or civil unrest.

17.9 <u>Third Party Beneficiaries.</u> The provisions of this Agreement are intended to benefit only Agent, Georgeson, Purchaser and their respective permitted successors and assigns. No rights shall be granted to any other person by virtue of this Agreement, and there are no third party beneficiaries hereof.

17.10 <u>Survival.</u> All provisions regarding indemnification, warranty, liability and limits thereon, compensation and expenses and confidentiality and protection of proprietary rights and trade secrets shall survive the termination or expiration of this Agreement.<br>17.11 <u>Priorities.</u> In the event of any conflict, discrepancy, or ambiguity between the terms and conditions contained in (a) this Agreement, (b) any schedules or attachments hereto, and (c) the Offer to Purchase, the terms and conditions of the Offer shall control, except with respect to Agent's duties, liabilities, and rights, including without limitation compensation and indemnification, which shall be controlled by the terms contained in this Agreement.

17.12 <u>Merger of Agreement.</u> This Agreement constitutes the entire agreement between the parties hereto and supersedes any prior agreement with respect to the subject matter hereof, whether oral or written.

17.13 <u>No Strict Construction.</u> The parties hereto have participated jointly in the negotiation and drafting of this Agreement. In the event any ambiguity or question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by all parties hereto, and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any provision of this Agreement.

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17.14 <u>Descriptive Headings</u>. Descriptive headings contained in this Agreement are inserted for convenience only and shall not control or affect the meaning or construction of any of the provisions hereof.

17.15 <u>Counterparts.</u> This Agreement may be executed in any number of counterparts and each of such counterparts shall for all purposes be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument. A signature to this Agreement transmitted electronically shall have the same authority, effect, and enforceability as an original signature.

*[The remainder of this page has been intentionally left blank. Signature page follows.]*

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**IN WITNESS WHEREOF,** the parties hereto have executed this Agreement by their duly authorized officers as of Effective Date hereof.

**DELAWARE ENHANCED GLOBAL DIVIDEND AND INCOME FUND** 

---

| | |
|:---|:---|
| By: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ Daniel V Geatens |
| Name: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Daniel V Geatens |
| Title: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Senior Vice President |

---

**COMPUTERSHARE TRUST COMPANY, N.A., and<br> COMPUTERSHARE INC.,** 

***On behalf of both entities***

---

| | |
|:---|:---|
| By: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ Thomas Borbely |
| Name: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Thomas Borbely |
| Title: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Senior Manager, Corporate Actions |

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**GEORGESON LLC**

---

| | |
|:---|:---|
| By: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ Christopher M. Hayden |
| Name: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Christopher M. Hayden |
| Title: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Operating Officer>US |

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Depositary and IA Agreement 2023 Page 19

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| | |
|:---|:---|
| Exhibit A | Tax Instruction and Cost Basis Information Letter |
| Exhibit B | Schedule of Fees |
| Exhibit C | List of affiliates, Ineligible Shares, and Plans |
| Exhibit D | Wire Instructions |

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Depositary and IA Agreement 2023 Page 20

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#### EXHIBIT A
**[To be provided separately]**

Depositary and IA Agreement 2023 Page 21

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**Exhibit B** 

**SCHEDULE OF FEES**

**Computershare To Serve As Depositary**

**And Georgeson as Information Agent**

**In Connection With**

**Delaware Enhanced Global Dividend & Income Fund's** 

**Self Tender Offer**

**FEES FOR SERVICES\***

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Depositary Fees** | **Fees** | &nbsp;&nbsp;&nbsp;**Discount** | &nbsp;&nbsp;&nbsp;**Discounted Fees** |
| &nbsp;&nbsp;&nbsp;Event Management | &nbsp;&nbsp;&nbsp;$32800 | &nbsp;&nbsp;&nbsp;30% | &nbsp;&nbsp;&nbsp;$22960 |
| &nbsp;&nbsp;&nbsp;Tax Administration | &nbsp;&nbsp;&nbsp;$1500 |  | &nbsp;&nbsp;&nbsp;$1500 |
| &nbsp;&nbsp;&nbsp;Per Registered Account | &nbsp;&nbsp;&nbsp;$6 |  | &nbsp;&nbsp;&nbsp;$6 |
| &nbsp;&nbsp;&nbsp;Per Tender Processed | &nbsp;&nbsp;&nbsp;$18 |  | &nbsp;&nbsp;&nbsp;$18 |
| &nbsp;&nbsp;&nbsp;Per Payment | &nbsp;&nbsp;&nbsp;$5.50 |  | &nbsp;&nbsp;&nbsp;$5.50 |
| Per 1099 | &nbsp;&nbsp;&nbsp;$3.50 |  | &nbsp;&nbsp;&nbsp;$3.50 |
| &nbsp;&nbsp;&nbsp;**Information Agent Fees** |  |  | &nbsp;&nbsp;&nbsp;**Fees** |

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Depositary and IA Agreement 2023 Page 22

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| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;Event Management | &nbsp;&nbsp;&nbsp;$6500 |
| &nbsp;&nbsp;&nbsp;Toll-Free phone number set-up fee | &nbsp;&nbsp;&nbsp;Included |
| &nbsp;&nbsp;&nbsp;Live operator inbound calls | &nbsp;&nbsp;&nbsp;$2.95 per minute |
| &nbsp;&nbsp;&nbsp;Live operator outbound calls | &nbsp;&nbsp;&nbsp;$6.50 per call |
| &nbsp;&nbsp;&nbsp;Per extension or subsequent offering period | &nbsp;&nbsp;&nbsp;$1000 |
| &nbsp;&nbsp;&nbsp;Tombstone in NY paper | &nbsp;&nbsp;&nbsp;Market Rates |

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\*The above fees exclude expenses and assume the use of Agent's standard agency agreement and Letter of Transmittal. We agree that in the event that the transaction and/or your services are begun but not completed for any reason, the above Project Management fee will be charged, plus the expenses associated with work performed up to the point Agent is notified. It is required that this Agreement be executed on or before the Effective Time. Mailing and processing will not begin until this Agreement has been executed by the Purchaser and Agent. This Schedule of Fees is based upon information provided to date and may be subject to change. All quoted pricing is valid for 90 days from issuance of quote.

CRM# A-5P4HC7

Depositary and IA Agreement 2023 Page 23

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**SERVICES COVERED**

**<u>DEPOSITARY - Tender Offer</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Designating
 an operational team to carry out depositary duties

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Reviewing
 this Agreement and other legal documents

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Reviewing
 the communication package (i.e. Offer to Purchase, Letter of Transmittal (LT), enclosure
 letter(s) and other documentation)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Enclosing
 and mailing Letters of Transmittal, notice to Shareholders, IRS Forms W-9s/W-8s, if applicable,
 and return envelopes, as applicable

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Send
 Event Announcement E-mails to eligible holders providing access instructions and codes to
 enter the Website, as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Providing
 the Offer Web Site for eligible Shareholders to submit their tender instructions and the
 ability to amend or withdrawal previously submitted instructions according to the Offer terms
 for thirty (30) calendar days commencing from the launch of the Offer Website. Any extension(s)
 of the above referenced time period may require additional fees.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Interfacing
 with Georgeson, as necessary

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Converting
 Purchaser's shareholder records to Computershare's corporate actions system,
 if necessary

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Establish
 post office boxes for receipt of Offer materials

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Coordinate
 mailing of Offer materials to shareholders with Georgeson

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Coordinating
 the Offer with the Depositary Trust and Clearing Corporation

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Receiving
 and opening Shares physically tendered

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Tabulation
 and inclusion into the Offer, of Electronic Instructions received via the Offer Web Site

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Upfront
 review of Shares tendered to ensure presentment of certificates and legal documents, when
 applicable

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Curing
 defective LTs, including telephoning and writing shareholders in connection with unsigned
 or improperly executed LTs

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Responding
 to shareholder telephone and correspondence inquiries

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ mailing
 of proper documentation to shareholders whose certificates are alleged to have been lost,
 stolen, or destroyed, in order to effect the exchange without certificate surrender

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Canceling
 surrendered certificates

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Tracking
 and reporting the number of Shares submitted and the submitting shareholders, as follows:
 Agent shall forward up to 10 reports of tender activity by email beginning the last
 2 weeks before the expiration to each of the parties named below as to the following information,
 based upon a preliminary review as of the close of business on the preceding business day: (i)
 the number of Shares tendered; (ii) the number of Shares tendered represented by certificates
 physically held by Agent; (iii) the number of Shares represented by Notices of Guaranteed
 Delivery; (iv) the number of Shares withdrawn; and (v) the cumulative totals of Shares in
 categories (i) through (iv) above. At the expiration of the Offer Agent shall provide a master
 list of Shares elected, including a complete list of the electing shareholders. Agent can
 furnish to the Purchaser, upon reasonable request, additional daily or inter-day ad hoc reports,
 for an additional fee of $100.00 per report.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Prorating
 tendered Shares, if applicable

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Calculating
 and issuing checks upon expiration of the tender period, assuming receipt of properly executed
 Letters of Transmittal and surrender of certificates

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Coordinating
 the cancellation of tendered Shares and the reissuance of Shares not accepted in the Offer

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Issuing
 tax forms and filing tax information with the IRS, as required

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Enclosing
 and mailing Forms 1099-B, and letters or notices to shareholders

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Replacing
 checks alleged to have been lost or destroyed

Depositary and IA Agreement 2023 Page 24

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**<u>Information Agent – Tender Offer</u>**

**<u>BASE SERVICES</u>**

---

| | | |
|:---|:---|:---|
|  | ■ | Advance review of Offer documents |
|  | ■ | Strategic advice relating to the Offer |
|  | ■ | Dissemination of Offer documents to bank and broker community |
|  | ■ | Communication with bank and broker community during Offer period |
|  | ■ | Outreach to professional investors |
|  | ■ | Communication with Agent to monitor progress of the Offer |
|  | ■ | Provide progress updates to the advisory team |
| &nbsp;&nbsp;**<u>ADDITIONAL/SUPPLEMENTAL SERVICES</u>** | &nbsp;&nbsp;**<u>ADDITIONAL/SUPPLEMENTAL SERVICES</u>** | &nbsp;&nbsp;**<u>ADDITIONAL/SUPPLEMENTAL SERVICES</u>** |
|  | ■ | Dedicated toll-free number, call center staffing and training |
|  | ■ | Outbound communications to registered/retail holders |
|  | ■ | Inbound communications to call center |

---

NOTE: The foregoing fees are <u>exclusive</u> of Expenses and custodial charges as described in Article II, Sections 3 and 4 of this Agreement.

**ITEMS NOT COVERED**

---

| | |
|:---|:---|
| ■ | All expenses such as ad hoc reports, printing, checks, postage, stationery, wire transfers, etc. (these will be billed as incurred) |
| ■ | Surcharge(s) for services, including, without limitation, Project Management services, rendered outside of normal business hours (i.e. 6:00 p.m. - 8:00 a.m. Monday through Friday, weekends, and U.S. holidays observed by the New York Stock Exchange). Additional fees will be provided on an appraisal basis. |
| **ASSUMPTIONS** | **ASSUMPTIONS** |
| ■ | Schedule of Fees based upon information known at this time about the transaction |
| ■ | Significant changes made in the terms or requirements of this transaction could require modifications to this Schedule of Fees |
| ■ | The Offer Web Site will be in operation to receive instructions from eligible holders for thirty (30) calendar days commencing from the launch of the Offer Website. Any extension(s) of the above referenced time period may require additional fees. |
| ■ | Project management fee include pre-launch and ongoing services related to the event, for up to 30 business days. Any application of an additional extension fee will apply for each subsequent two-week extension period or any part thereof, of the Offer, commencing immediately following the original Offer period. |
| ■ | Schedule of Fees assumes the use of Agent's standard legal agreement and Letter of Transmittal |

---

**Incidental Fees**

Relevant incidental fees from the chart below may apply to your program; charges would only be billed if incurred.

Depositary and IA Agreement 2023 Page 25

------

---

| | |
|:---|:---|
| &nbsp;&nbsp;***Description*** | ***Amount*** |
| &nbsp;&nbsp;File Upload, Per File (if Computershare standard form)<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● If file is not Computershare standard form<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● File is received less than 3 days prior to effective date | $1,000<br> Additional $500<br> Additional $500 |
| &nbsp;&nbsp;Per Underlying Exchange | $1250 |
| &nbsp;&nbsp;Per Additional Class | $1000 |
| &nbsp;&nbsp;Legal Fees for Changes to Standard T&Cs | $1500 |
| &nbsp;&nbsp;Midnight Expiration | $0 |
| &nbsp;&nbsp;Per extension or subsequent offering period, if applicable | By appraisal |
| &nbsp;&nbsp;Special Reporting | By appraisal |
| &nbsp;&nbsp;Custom Web Enhancements | By appraisal |
| &nbsp;&nbsp;DTC Fee per New CUSIP (pass through expense) | $1000 |
| &nbsp;&nbsp;QuickCert Set-up Fee | $350 |
| &nbsp;&nbsp;Dedicated 1-800 Telephone Line Service | $500 |
| &nbsp;&nbsp;Set-up Automated Telephone Service | By appraisal |
| &nbsp;&nbsp;Annual Facility Fee (billed annually)<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● 0 – 100 holders (at start of job)<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● 101 – 2,500 holders (at start of job)<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● 2,500 – 5,000 holders (at start of job)<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Over 5,000 holders (at start of job) | <br> $500<br> $1000<br> $1500<br> $2000 |
| &nbsp;&nbsp;Subsequent Distribution<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● < 100 accounts<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● < 250 accounts<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● < 500 accounts<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● < 501 +_accounts | <br> $1,500<br> $2,500<br> $5,000<br> By appraisal |
| &nbsp;&nbsp;Per Item – Special Handling (restricted, etc.) | By appraisal |
| &nbsp;&nbsp;Per INIGO (Item Not in Good Order) for Voluntary Offers | $50 |
| &nbsp;&nbsp;Per Withdrawal | $50 |
| &nbsp;&nbsp;Per Guarantee Delivery | $50 |
| &nbsp;&nbsp;Per Sale of Rights | $50 |
| &nbsp;&nbsp;Per Certificate Issued (handling) | $12 |
| &nbsp;&nbsp;Per QuickCert Issued (handling) | $8 |
| &nbsp;&nbsp;Additional Mailings – Set-up Fee (plus per item if new population) | By appraisal |
| &nbsp;&nbsp;Per File Download/Export | $1000 |
| &nbsp;&nbsp;Per Wire USD | $100 |
| &nbsp;&nbsp;Per Wire Non-USD | $200 |
| &nbsp;&nbsp;Per Wire Reject | $150 |
| &nbsp;&nbsp;Refund Checks | $5.50 |
| &nbsp;&nbsp;Sale of Fractional Shares in Open Market | $2500 |
| &nbsp;&nbsp;Onsite Support | $1,000/day + expenses |
| &nbsp;&nbsp;Requesting of Weekend/Holiday Processing | $200/hour |
| &nbsp;&nbsp;Expedited Program Support/Closing | $450/hour |

---

Depositary and IA Agreement 2023 Page 26

------

---

| | |
|:---|:---|
| &nbsp;&nbsp;***Description*** | ***Amount*** |
| &nbsp;&nbsp;DWAC, each | $110 |
| &nbsp;&nbsp;Wire Transfers (inbound & outbound), each | $100 |
| &nbsp;&nbsp;Per Item Rush Fee<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Same day<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Next day | <br> $200<br> $100 |
| &nbsp;&nbsp;Expediated Review and Set-up<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Less than 5 days<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Less than 3 days<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Less than 2 days<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Same day | <br> $2500<br> $5000<br> $6500<br> $8500 |

---

**PAYMENT FOR SERVICES**

It is agreed that an invoice for the Project Management fee will be rendered and payable on the effective date of the transaction. An invoice for any expense and per item fees realized will be rendered and payable on a monthly basis.

Depositary and IA Agreement 2023 Page 27

------

**Exhibit C**

<u>LIST OF AFFILIATES</u>

---

| | | |
|:---|:---|:---|
| Shareholder | Certificate Numbers of Old Shares | Disposition |

---

<u>SHARES INELIGIBLE FOR EXCHANGE</u>

---

| | | |
|:---|:---|:---|
| Shareholder | Certificate Numbers of Old Shares | Disposition |

---

Depositary and IA Agreement 2023 Page 28

------

<u>PLANS AFFECTED BY THIS EXCHANGE</u>

---

| | | |
|:---|:---|:---|
| Plan Name | Plan Administrator | Disposition |

---

Depositary and IA Agreement 2023 Page 29

------

**Exhibit D**

**Wire Instructions**

<u>Please wire all funds RELATED to this Transaction using the following instructions:</u> 

---

| | |
|:---|:---|
| Bank Name: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JP Morgan |
| Account Name: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Computershare Inc, Corporate FundingAccount |
| Number: | 657579038 |
| ABA Routing Number: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;021000021 |

---

Ref: Delaware Enhanced Global

<u>If you have any questions, or need additional information please call me.</u> 

<u>Michael Battista</u>

<u>Corporate Actions</u>

<u>T (201) 680-3285</u>

Michael.battista@ computershare.net

Depositary and IA Agreement 2023 Page 30

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## Ex-99.D11

**Exhibit (d)(11)**

***Execution Version***

**AMENDMENT NO. 5 TO MUTUAL FUND CUSTODY AND SERVICES AGREEMENT**

This Amendment ("Amendment") is made as of December 31, 2021 ("Effective Date"), by and between each investment company listed on Appendix D attached hereto (referred to herein, each separately, as the "Fund") and The Bank of New York Mellon (referred to herein as the "Custodian").

**BACKGROUND:**

&nbsp;&nbsp;&nbsp;&nbsp;A. The
 Fund and the Custodian are parties to a Mutual Fund Custody and Services Agreement dated
 as of July 20, 2007 (the "Agreement"), relating to the Custodian's
 provision of custody services described in the Agreement to the Fund. This Amendment
 is an amendment to the Agreement.

B. The
 parties desire to amend the Agreement as set forth herein.

**TERMS:**

The parties hereby agree that:

---

| | |
|:---|:---|
| 1. | A new Article I Section 6.h of the Agreement is hereby added as follows: |
|  | h. <u>Third Party Data</u>. In performing its services under this Agreement, the Custodian is entitled to rely without inquiry on (1) data provided by the Fund, (2) data provided by market utilities and (3) data provided by other providers of data where such data is required by the Custodian in order for the Custodian to perform its services under this Agreement. The Custodian is not responsible for losses incurred by the Fund in relation to any such data being inaccurate or incomplete. For clarity, if data is provided to the Custodian by an affiliate of the Custodian pursuant to an agreement relating to the Fund to which such affiliate is a party, the foregoing sentence is not intended to affect any liability such affiliate may have pursuant to such agreement. |
| 2. | Article IV Section 5.b of the Agreement is hereby deleted in its entirety and replaced with the following: b. The Custodian shall indemnify and hold the Fund harmless from all liabilities and costs and expenses, including reasonable counsel fees and expenses, resulting from the negligence or willful misconduct of the Custodian, any agent or subcustodian appointed by the Custodian or any of its or their directors, officers, agents, nominees or employees, in the performance of any functions hereunder, or any other failure to comply with the standard of care required by this Agreement. This provision shall survive the termination of this Agreement. |
| 3. | The first sentence of Article IV Section 7.a of the Agreement is hereby deleted in its entirety and replaced with the following: The term of this Agreement shall continue until December 31, 2025 (the "Initial Term"). |

---

------

---

| | |
|:---|:---|
| 4. | The following is added to Article IV Section 7.h of the Agreement: For the avoidance of doubt, the Custodian shall be permitted to retain all or any portion of the records and data and retain any digital backup copies created through automated system processes, in accordance with the confidentiality obligations specified in this Agreement for as long as the information is retained, to the extent required by any applicable law, regulation, supervisory or regulatory body or the Custodian's internal compliance requirements. |
| 5. | Article IV Section 9.e of the Agreement is hereby deleted in its entirety and replaced with the following: e. This Agreement shall extend to and shall be binding upon the parties hereto, and their respective successors and assigns; provided, however, that this Agreement shall not be assignable by the Fund without the written consent of the Custodian, or by the Custodian without the written consent of the Fund, authorized or approved by a vote of the Board, provided, however, that a Fund merger or reorganization where the fund surviving from such merger or reorganization assumes the duties and obligations of such Fund under this Agreement shall not require the Custodian's consent; provided further, however, that the Custodian may not assign or subcontract the rights or delegate the duties or outsource or offshore any services pursuant to this Agreement ("Services"), without the written consent of the Fund, and any other attempted assignment without written consent shall be null and void. Notwithstanding the foregoing, (1) no consent shall be required for the Custodian to assign this Agreement or to assign or subcontract the rights or delegate the duties or outsource or offshore the Services contemplated hereunder to an affiliate of the Custodian, provided the Custodian provides thirty (30) days advance written notice to the other parties hereto, (2) no consent shall be required for the Custodian to assign this Agreement to any successor to the business of the Custodian to which this Agreement relates, provided the Custodian provides thirty (30) days advance written notice (or such shorter notice reasonably necessitated by the circumstances) to the other parties hereto and provided further that such assignee satisfies the requirements for serving as a custodian for an investment company registered under the Investment Company Act of 1940, as amended, and (3) no consent shall be required for the Custodian to utilize a subcustodian in connection with the provision of the Services. |
| 6. | A new final sentence of Article IV Section 9.i of the Agreement is hereby added as follows: Each of the parties to this Agreement expressly and irrevocably waives, to the fullest extent permitted by applicable law, any right to a jury trial with respect to all suits and proceedings arising out of or relating to this Agreement. |
| 7. | A new Article IV Section 9.m of the Agreement is hereby added as follows: |
|  | m. In connection with this Agreement, the Fund may enter into foreign exchange transactions (including foreign exchange hedging transactions) with the Custodian or an affiliate of the Custodian acting as a principal or otherwise through customary channels. With respect to such foreign |

---

------

exchange transactions, the Custodian or such affiliate of the Custodian is acting as a principal counterparty on its own behalf and is not acting as a fiduciary or agent for, or on behalf of, the Fund, a Series, any investment manager or any account.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. A
 new Article IV Section 9.n of the Agreement is hereby added as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;n. For clarity, the Custodian may (1) use information regarding the Fund in connection with certain functions performed on a centralized basis by the Custodian, its affiliates and joint ventures and their service providers (including audit, accounting, risk, legal, compliance, sales, administration, product communication, relationship management, compilation and analysis of customer-related data and storage); (2) disclose such information to its affiliates and joint ventures and to its and their service providers who are subject to reasonable confidentiality obligations in accordance with applicable laws and regulations; (3) securely store in a manner consistent with applicable laws and regulations the names and business contact information of the Fund's employees and representatives relating to this Agreement on the systems or in the records of the Custodian's affiliates and joint ventures and its and their service providers; and (4) aggregate information regarding the Fund on an anonymized basis with other similar client data for the Custodian's and its affiliates' reporting, research, product development and distribution, and marketing purposes (for clarity, the Fund will not be charged by the Custodian for such aggregation or use by the Custodian or the Custodian's affiliates, unless agreed to in writing by the Fund). For clarity, the foregoing provisions of this Section 9(n) do not relate to nonpublic personal information or authorize the Custodian to utilize nonpublic personal information in a way that would violate any applicable federal and state privacy laws and regulations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. A
 new Article IV Section 9.o of the Agreement is hereby added as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o. At the Fund's request and subject to the Custodian's approval, as an accommodation to the Fund, the Custodian will provide consolidated recordkeeping services reflecting on statements provided to the Fund assets not held by the Custodian ("Non-Custody Assets"). Non-Custody Assets will be designated on the Custodian's books as "assets not held in custody" or by other similar designation and are not considered assets maintained by the Custodian under this Agreement. The Fund acknowledges and agrees that, notwithstanding anything contained elsewhere in this Agreement, (1) the Fund will have no security entitlement against the Custodian with respect to Non-Custody Assets; (2) the Custodian will rely without inquiry on information provided by the Fund or its designee regarding Non-Custody Assets (including positions) and (3) the Custodian will have no responsibility with respect to Non-Custody Assets or the accuracy of any information maintained on the Custodian's books or set forth on account statements concerning Non-Custody Assets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. Section
 4 of Amendment No. 2 to the Agreement (dated July 1, 2017) is hereby deleted in its entirety
 and replaced with the following: BNYM shall

------

perform penetration testing activities on its systems related to the Services provided hereunder, at least annually, as part of its information security policies and procedures. The Fund agrees and understands that BNYM does not guarantee that the penetration testing activities will detect all security weaknesses, potential security problems or potential breaches. BNYM will provide the Fund with a certification confirming the completion of the testing promptly after it is complete. The Custodian will at its own cost remediate identified security vulnerabilities in accordance with its information security program.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. Section
 7 of Amendment No. 2 to the Agreement (dated July 1, 2017) is hereby deleted in its entirety
 and replaced with the following: Annually, upon the Fund's request, BNYM will confirm
 in writing completion of its ISO 27001 certification, and will provide a SOC 1 Type II
 Report covering BNYM's internal control over financial reporting applicable to
 the processing of Fund information.

12. Section
 9 of Amendment No. 2 to the Agreement (dated July 1, 2017) is hereby deleted in its entirety
 and replaced with the following: In performing the Services, BNYM shall comply with all
 laws, rules and regulations in connection with this Agreement to which BNYM is subject
 and with such standards as may be imposed on BNYM by law and by the requirements of all
 regulatory authorities.

13. For
 clarity, as of the Effective Date of this Amendment the Agreement shall be deemed to
 be in its "Initial Term" (as defined in Section 3 above).

14. Appendix
 D of the Agreement is hereby deleted in its entirety and replaced with Appendix D attached
 hereto.

15. Appendix
 E of the Agreement is hereby deleted in its entirety. The first sentence of Article IV
 Section 1.a of the Agreement is hereby deleted in its entirety and replaced with the
 following: The Fund will compensate the Custodian for its services rendered under this
 Agreement in accordance with the fees set forth in a fee schedule agreed in writing between
 the Fund and the Custodian (the "Fees").

16. <u>Miscellaneous</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) As
 hereby amended and supplemented, the Agreement, as well as capitalized terms not defined
 in this Amendment, shall remain in full force and effect. In the event of a conflict
 between the terms of this Amendment and the terms of the Agreement, the terms of this
 Amendment shall control.

(b) The
 Agreement, as amended hereby, constitutes the complete understanding and agreement of
 the parties with respect to the subject matter thereof and supersedes all prior communications
 with respect thereto.

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) To
 the extent required by applicable law, the terms of this Amendment and the fees and expenses
 associated with this Amendment have been disclosed to and approved by the governing body
 of the Fund.

(d) This
 Amendment shall be governed by the laws of the Commonwealth of Pennsylvania, without
 regard to its principles of conflicts of laws.

(e) The
 parties expressly agree that this Amendment may be executed in one or more counterparts
 and expressly agree that such execution may occur by manual signature on a physically
 delivered copy of this Amendment, by a manual signature on a copy of this Amendment transmitted
 by facsimile transmission, by a manual signature on a copy of this Amendment transmitted
 as an imaged document attached to an email, or by "Electronic Signature", which
 is hereby defined to mean inserting an image, representation or symbol of a signature
 into an electronic copy of this Amendment by electronic, digital or other technological
 methods. Each counterpart executed in accordance with the foregoing shall be deemed an
 original, with all such counterparts together constituting one and the same instrument.
 The exchange of executed counterparts of this Amendment or of executed signature pages
 to counterparts of this Amendment, in either case by facsimile transmission or as an
 imaged document attached to an email transmission, shall constitute effective execution
 and delivery of this Amendment and may be used for all purposes in lieu of a manually
 executed and physically delivered copy of this Amendment.

------

**IN WITNESS WHEREOF**, each of the parties hereto has caused this Amendment to be executed as of the Effective Date by its duly authorized representative indicated below. An authorized representative, if executing this Amendment by Electronic Signature, affirms authorization to execute this Amendment by Electronic Signature and that the Electronic Signature represents an intent to enter into this Amendment and an agreement with its terms.

---

| | |
|:---|:---|
| **The Bank of New York Mellon** | **The Bank of New York Mellon** |
| By: | /s/ Chris Healy |
| Name: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Christopher Healy |
| Title: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Managing Director |

---

---

| |
|:---|
| DELAWARE GROUP |
| ADVISER FUNDS, on behalf of<br> its Portfolios identified on<br> Appendix D |
| DELAWARE GROUP CASH<br> RESERVE, on behalf of its<br> Portfolios identified on Appendix D |
| DELAWARE GROUP EQUITY<br> FUNDS I, on behalf of its<br> Portfolios identified on Appendix D |
| DELAWARE GROUP EQUITY<br> FUNDS II, on behalf of its<br> Portfolios identified on Appendix D |
| DELAWARE GROUP EQUITY<br> FUNDS IV, on behalf of its<br> Portfolios identified on Appendix D |
| DELAWARE GROUP EQUITY<br> FUNDS V, on behalf of its<br> Portfolios identified on Appendix D |

---

------

---

| |
|:---|
| DELAWARE GROUP |
| FOUNDATION FUNDS, on<br> behalf of its Portfolios identified<br> on Appendix D |
| DELAWARE GROUP INCOME<br> FUNDS, on behalf of its<br> Portfolios identified on Appendix D |
| DELAWARE GROUP STATE<br> TAX-FREE INCOME TRUST,<br> on behalf of its Portfolios<br> identified on Appendix D |
| DELAWARE GROUP TAX-<br> FREE FUND, on behalf of its<br> Portfolios identified on Appendix D |
| DELAWARE GROUP <br> GLOBAL & INTERNATIONAL<br> FUNDS, on behalf of its<br> Portfolios identified on Appendix D |
| VOYAGEUR INSURED<br> FUNDS, on behalf of its<br> Portfolios identified on Appendix D |
| VOYAGEUR INTERMEDIATE<br> TAX FREE FUNDS, on behalf<br> of its Portfolios identified on<br> Appendix D |
| VOYAGEUR MUTUAL<br> FUNDS, on behalf of its<br> Portfolios identified on Appendix D |
| VOYAGEUR MUTUAL<br> FUNDS II, on behalf of its<br> Portfolios identified on Appendix D |

---

------

---

| |
|:---|
| DELAWARE GROUP<br> GOVERNMENT FUND, on<br> behalf of its Portfolios identified<br> on Appendix D |
| DELAWARE GROUP <br> LIMITED-TERM<br> GOVERNMENT FUNDS, on<br> behalf of its Portfolios identified<br> on Appendix D |
| DELAWARE POOLED TRUST,<br> on behalf of its Portfolios<br> identified on Appendix D |
| VOYAGEUR MUTUAL<br> FUNDS III, on behalf of its<br> Portfolios identified on Appendix D |
| VOYAGEUR TAX FREE<br> FUNDS, on behalf of its<br> Portfolios identified on appendix D |
| DELAWARE VIP TRUST, on<br> behalf of its Portfolios identified<br> on Appendix D |
| IVY FUNDS, on behalf of its<br> Portfolios identified on Appendix D |
| IVY VARIABLE INSURANCE<br> PORTFOLIOS, on behalf of its<br> Portfolios identified on Appendix D |
| INVESTED PORTFOLIOS, on<br> behalf of its Portfolios identified<br> on Appendix D |

---

------

---

| | |
|:---|:---|
| DELAWARE INVESTMENTS<br> COLORADO MUNICIPAL<br> INCOME FUND, INC. | DELAWARE INVESTMENTS<br> COLORADO MUNICIPAL<br> INCOME FUND, INC. |
| DELAWARE INVESTMENTS<br> NATIONAL MUNICIPAL<br> INCOME FUND | DELAWARE INVESTMENTS<br> NATIONAL MUNICIPAL<br> INCOME FUND |
| DELAWARE INVESTMENTS<br> MINNESOTA MUNICIPAL<br> INCOME FUND II, INC. | DELAWARE INVESTMENTS<br> MINNESOTA MUNICIPAL<br> INCOME FUND II, INC. |
| DELAWARE INVESTMENTS<br> DIVIDEND AND INCOME<br> FUND, INC. | DELAWARE INVESTMENTS<br> DIVIDEND AND INCOME<br> FUND, INC. |
| DELAWARE IVY HIGH<br> INCOME OPPORTUNITIES<br> FUND | DELAWARE IVY HIGH<br> INCOME OPPORTUNITIES<br> FUND |
| DELAWARE ENHANCED<br> GLOBAL DIVIDEND AND<br> INCOME FUND | DELAWARE ENHANCED<br> GLOBAL DIVIDEND AND<br> INCOME FUND |
| By: | By: |
| By: | <u><u>/s/ Daniel V. Geatens</u></u> |
| Name: | Daniel V Geatens |
| Title: | Senior Vice President |

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------

**<u>Appendix D</u>**

The following Registrants and Series are covered by, and made parties to, the Agreement as of the date first written above.

---

| |
|:---|
| &nbsp;&nbsp;&nbsp;**Registrants and Series** |
| &nbsp;&nbsp;&nbsp;**Delaware Group<sup>®</sup> Adviser Funds** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Diversified Income Fund |
| &nbsp;&nbsp;&nbsp;**Delaware Group<sup>®</sup> Cash Reserve** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Investments Ultrashort Fund |
| &nbsp;&nbsp;&nbsp;**Delaware Group<sup>®</sup> Equity Funds I** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Mid Cap Value Fund |
| &nbsp;&nbsp;&nbsp;**Delaware Group<sup>®</sup> Equity Funds II** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Value**<sup>®</sup>** Fund |
| &nbsp;&nbsp;&nbsp;**Delaware Group<sup>®</sup> Equity Funds IV** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Healthcare Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Small Cap Growth Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Smid Cap Growth Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Covered Call Strategy Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Equity Income Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Global Equity Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Growth and Income Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Growth Equity Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Hedged U.S. Equity Opportunities Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Opportunity Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Premium Income Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Total Return Fund |
| &nbsp;&nbsp;&nbsp;**Delaware Group<sup>®</sup> Equity Funds V** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Small Cap Core Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Small Cap Value Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Wealth Builder Fund |
| &nbsp;&nbsp;&nbsp;**Delaware Group<sup>®</sup> Foundation Funds** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Strategic Allocation Fund |
| &nbsp;&nbsp;&nbsp;**Delaware Group<sup>®</sup> Global & International Funds** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Emerging Markets Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware International Small Cap Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware International Value Equity Fund |
| &nbsp;&nbsp;&nbsp;**Delaware Group<sup>®</sup> Government Fund** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Emerging Markets Debt Corporate Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Strategic Income Fund |

---

------

---

| |
|:---|
| &nbsp;&nbsp;&nbsp;**Registrants and Series** |
| &nbsp;&nbsp;&nbsp;**Delaware Group<sup>®</sup> Income Funds** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Corporate Bond Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Extended Duration Bond Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Floating Rate Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware High-Yield Opportunities Fund |
| &nbsp;&nbsp;&nbsp;**Delaware Group<sup>®</sup> Limited-Term Government Funds** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Limited-Term Diversified Income Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Tax-Free New Jersey Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Tax-Free Oregon Fund |
| &nbsp;&nbsp;&nbsp;**Delaware Group<sup>®</sup> State Tax-Free Income Trust** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Tax-Free Pennsylvania Fund |
| &nbsp;&nbsp;&nbsp;**Delaware Group<sup>®</sup> Tax-Free Fund** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Tax-Free USA Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Tax-Free USA Intermediate Fund |
| &nbsp;&nbsp;&nbsp;**Delaware Pooled<sup>®</sup> Trust** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Macquarie Emerging Markets Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Macquarie Emerging Markets Portfolio II |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Macquarie Labor Select International Equity Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Global Listed Real Assets Fund *(formerly, Delaware REIT Fund)* |
| &nbsp;&nbsp;&nbsp;**Delaware VIP<sup>®</sup> Trust** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware VIP**<sup>®</sup>** Emerging Markets Series |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware VIP**<sup>®</sup>** Small Cap Value Series |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware VIP**<sup>®</sup>** Equity Income Series |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware VIP**<sup>®</sup>** Fund for Income Series |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware VIP**<sup>®</sup>** Growth and Income Series |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware VIP**<sup>®</sup>** Growth Equity Series |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware VIP**<sup>®</sup>** International Series |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware VIP**<sup>®</sup>** Investment Grade Series |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware VIP**<sup>®</sup>** Limited Duration Bond Series |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware VIP**<sup>®</sup>** Opportunity Series |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware VIP**<sup>®</sup>** Special Situations Series |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware VIP**<sup>®</sup>** Total Return Series |
| &nbsp;&nbsp;&nbsp;**InvestEd Portfolios** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;InvestEd 90 Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;InvestEd 80 Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;InvestEd 70 Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;InvestEd 60 Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;InvestEd 50 Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;InvestEd 40 Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;InvestEd 30 Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;InvestEd 20 Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;InvestEd 10 Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;InvestEd 0 Portfolio |

---

------

---

| |
|:---|
| &nbsp;&nbsp;&nbsp;**Registrants and Series** |
| &nbsp;&nbsp;&nbsp;**Ivy Funds** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy Accumulative Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy Multi-Asset Income Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy Strategic Income Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy Asset Strategy Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy Balanced Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy California Municipal High Income Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy Cash Management Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy Core Equity Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy Corporate Bond Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy Crossover Credit Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy Systematic Emerging Markets Equity Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy Energy Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy Global Bond Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy Global Equity Income Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy Global Growth Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy Government Money Market Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy Government Securities Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy High Income Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy International Core Equity Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy International Small Cap Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy Large Cap Growth Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy LaSalle Global Real Estate Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy Limited-Term Bond Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy Managed International Opportunities Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy Mid Cap Growth Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy Mid Cap Income Opportunities Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy Municipal Bond Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy Municipal High Income Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy Natural Resources Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy Emerging Markets Local Currency Debt Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy Total Return Bond Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy High Yield Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy ProShares Interest Rate Hedged High Yield Index Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy ProShares MSCI ACWI Index Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy ProShares Russell 2000 Dividend Growers Index Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy ProShares S&P 500 Bond Index Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy S&P 500 Dividend Aristocrats Index Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy International Value Fund |

---

------

---

| |
|:---|
| &nbsp;&nbsp;&nbsp;**Registrants and Series** |
| &nbsp;&nbsp;&nbsp;**Ivy Funds** *(continued)* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy Science and Technology Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy Securian Core Bond Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy Securian Real Estate Securities Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy Smid Cap Core Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy Small Cap Growth Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy Value Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy Wilshire Global Allocation Fund |
| &nbsp;&nbsp;&nbsp;**Ivy Variable Insurance Portfolios** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy VIP Asset Strategy |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy VIP Balanced |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy VIP Core Equity |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy VIP Corporate Bond |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy VIP Energy |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy VIP Global Bond |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy VIP Global Equity Income |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy VIP Global Growth |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy VIP Government Money Market |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy VIP Growth |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy VIP High Income |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy VIP International Core Equity |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy VIP Limited-Term Bond |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy VIP Mid Cap Growth |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy VIP Natural Resources |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy VIP Pathfinder Aggressive |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy VIP Pathfinder Conservative |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy VIP Pathfinder Moderate |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy VIP Pathfinder Moderate - Managed Volatility |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy VIP Pathfinder Moderately Aggressive |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy VIP Pathfinder Moderately Aggressive - Managed Volatility |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy VIP Pathfinder Moderately Conservative |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy VIP Pathfinder Moderately Conservative - Managed Volatility |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy VIP Science and Technology |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy VIP Securian Real Estate Securities |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy VIP Smid Cap Core |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy VIP Small Cap Growth |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Ivy VIP Value |
| &nbsp;&nbsp;&nbsp;**Voyageur Insured Funds** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Tax-Free Arizona Fund |
| &nbsp;&nbsp;&nbsp;**Voyageur Intermediate Tax Free Funds** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Tax-Free Minnesota Intermediate Fund |

---

------

---

| |
|:---|
| &nbsp;&nbsp;&nbsp;**Voyageur Mutual Funds** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Minnesota High-Yield Municipal Bond Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware National High-Yield Municipal Bond Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Tax-Free California Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Tax-Free Idaho Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Tax-Free New York Fund |
| &nbsp;&nbsp;&nbsp;**Voyageur Mutual Funds II** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Tax-Free Colorado Fund |
| &nbsp;&nbsp;&nbsp;**Voyageur Mutual Funds III** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Select Growth Fund |
| &nbsp;&nbsp;&nbsp;**Voyageur Tax Free Funds** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware Tax-Free Minnesota Fund |
| &nbsp;&nbsp;&nbsp;**Delaware Enhanced Global Dividend and Income Fund** |
| &nbsp;&nbsp;&nbsp;**Delaware Investments Dividend and Income Fund, Inc.** |
| &nbsp;&nbsp;&nbsp;**Delaware Investments Colorado Municipal Income Fund, Inc.** |
| &nbsp;&nbsp;&nbsp;**Delaware Investments Minnesota Municipal Income Fund II, Inc.** |
| &nbsp;&nbsp;&nbsp;**Delaware Investments National Municipal Income Fund** |
| &nbsp;&nbsp;&nbsp;**Delaware Ivy High Income Opportunities Fund** |

---

------

## Ex-99.D12

**Exhibit (d)(12)**

**AMENDMENT NO. 6** <br> **TO**<br> **MUTUAL** **FUND CUSTODY AND SERVICES AGREEMENT**

THIS AMENDMENT ("**Amendment**") is made as of December 31, 2021 (the "**Effective Date**") to that certain Mutual Fund Custody and Services Agreement dated as of July 20, 2007 (as amended, restated, supplemented or otherwise modified, the "**Agreement**") by and between each investment company set forth on Appendix D thereto (each an "**Existing Fund**" and collectively, the "**Existing Funds**"), on behalf of its respective Series, and The Bank of New York Mellon (formerly Mellon Bank, N.A.) (the "**Custodian**").

**BACKGROUND:**

&nbsp;&nbsp;&nbsp;&nbsp;A. Custodian serves as custodian and performs certain services for the Existing
 Funds pursuant to the Agreement.

B. Each New Fund (defined below, and collectively with the Existing Funds, the "**Funds**") is not a registered
 investment company and desires to retain the Custodian to act as custodian of its assets and to perform the services described
 in the Agreement as amended hereby.

C. The parties desire to amend the Agreement as set forth herein.

D. This Background section is incorporated by reference into and made part of this Amendment

#### TERMS:
In consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by each party, and intending to be legally bound, the parties agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;1. The Agreement is hereby amended as of the Effective Date by adding each of the following Funds (each a "**New Fund**") to Appendix D of the Agreement:

---

| |
|:---|
| Ivy ASF II, Ltd. |
| Ivy VIP ASF II, Ltd. |
| Ivy ASF III, LLC |
| Ivy VIP ASF III (SBP), LLC Ivy WGA III (SBP), LLC |
| Ivy EME, Ltd. |

---

&nbsp;&nbsp;&nbsp;&nbsp;2. The Agreement is hereby amended as of the Effective Date by inserting the following at the end of Article IV of the Agreement:

------

"**10. <u>Adding Additional Funds to the Agreement</u>**. One or more additional investment funds or vehicles which are advised by a Fund's investment adviser but which are organized as separate legal entities from the Funds may be added as a party to the Agreement from time to time ("<u>Additional Funds</u>") through the execution of an amendment to the Agreement including, without limitation, an instrument of accession among each Fund party to the Agreement, such Additional Fund and Custodian whereby each such Additional Fund(s) and Custodian will agree to be bound by the terms of this Agreement. The addition of Additional Fund(s) to the Agreement will not affect the rights or obligations of the Funds under the terms of the Agreement. The obligations of the Funds and any Additional Fund(s) to Custodian under the Agreement shall be several and not joint or joint and several.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**11. <u>Applicability of Agreement to Non-Registered Investment</u> <u>Companies</u>**. Except as noted in the next sentence, the terms and provisions of this Agreement shall be construed to apply to any investment fund or investment vehicle which is not organized as a registered investment company ("<u>non-RIC</u>") and which is added as a party to the Agreement as an Additional Fund or Series and its Shares. If a term or provision is inapplicable to a non-RIC or its Shares because it (i) applies to a regulatory provision not applicable to non-RICs (e.g., the 1940 Act), (ii) applies to a structural feature either not present in a non-RIC or not applicable to a non- RIC's shares or (iii) is unambiguously not applicable to a non-RIC based on its context, then such term or provision shall not apply to such non-RIC or its Shares. Subject to this Section 11, the term "Fund" as used throughout this Agreement shall be construed to include any non-RIC that is an Additional Fund, as applicable."

&nbsp;&nbsp;&nbsp;&nbsp;3. <u>Miscellaneous.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Capitalized terms used in this Amendment not otherwise defined herein shall have the meanings set forth in the Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) As hereby amended and supplemented, the Agreement shall remain in full force and effect. In the event of a conflict between the terms of this Amendment and the terms of the Agreement, the terms of this Amendment shall control with respect to the matters described herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The parties expressly agree that this Amendment may be executed in one or more counterparts and expressly agree that such execution may occur by manual signature on a physically delivered copy of this Amendment, by a manual signature on a copy of this Amendment transmitted by facsimile transmission, by a manual signature on a copy of this Amendment transmitted as an imaged document attached to an email, or by "Electronic Signature", which is hereby defined to mean inserting an image, representation or symbol of a signature into an electronic copy of this Amendment by electronic, digital or other technological methods. Each counterpart executed in accordance with the foregoing shall be deemed an original, with all such

------

counterparts together constituting one and the same instrument. The exchange of executed counterparts of this Amendment or of executed signature pages to counterparts of this Amendment, in either case by facsimile transmission or as an imaged document attached to an email transmission, shall constitute effective execution and delivery of this Amendment and may be used for all purposes in lieu of a manually executed and physically delivered copy of this Amendment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) If any provision or provisions of this Amendment shall be held to be invalid, unlawful or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired.

*[Remainder of page intentionally left blank]*<br> *[Signature pages follow]*

------

**IN WITNESS WHEREOF**, the parties hereto have caused this Amendment to be executed by their duly authorized officers designated below on the date and year first above written. An authorized representative, if executing this Amendment by Electronic Signature, affirms authorization to execute this Amendment by Electronic Signature and that the Electronic Signature represents an intent to enter into this Amendment and an agreement with its terms.

**THE BANK OF NEW YORK MELLON**

---

| | |
|:---|:---|
| By: | &nbsp;&nbsp;&nbsp;&nbsp;/s/ Chris Healy |
| Name: | &nbsp;&nbsp;&nbsp;&nbsp;Christopher Healy |
| Title: | &nbsp;&nbsp;&nbsp;&nbsp;Managing Director |

---

**IVY ASF II, LTD.**<br> **By: Macquarie Alternative Strategies, a series of Macquarie Investment Management Business Trust, solely in its capacity of investment adviser**<br> By signing below Macquarie Alternative Strategies in its individual capacity covenants to the Custodian that Ivy ASF II, Ltd. has the power to authorize and direct, and has duly authorized and directed, Macquarie Alternative Strategies to bind it to the terms of this Amendment<br>

---

| | |
|:---|:---|
| **By**: | &nbsp;&nbsp;&nbsp;&nbsp;/s/ Daniel V. Geatens |
| **Name:** | &nbsp;&nbsp;&nbsp;&nbsp;Daniel V Geatens |
| **Title:** | &nbsp;&nbsp;&nbsp;&nbsp;Senior Vice President |

---

**IVY VIP ASF II, LTD.**<br> **By: Macquarie Alternative Strategies, a series of Macquarie Investment Management Business Trust, solely in its capacity of investment adviser**<br> By signing below Macquarie Alternative Strategies in its individual capacity covenants to the Custodian that Ivy VIP ASF II, Ltd. has the power to authorize and direct, and has duly authorized and directed, Macquarie<br>

------

Alternative Strategies to bind it to the terms of this Amendment

---

| | |
|:---|:---|
| **By**: | &nbsp;&nbsp;&nbsp;&nbsp;/s/ Daniel V. Geatens |
| **Name:** | &nbsp;&nbsp;&nbsp;&nbsp;Daniel V Geatens |
| **Title:** | &nbsp;&nbsp;&nbsp;&nbsp;Senior Vice President |

---

**IVY ASF III, LLC**<br> **By: Macquarie Alternative Strategies, a series of Macquarie Investment Management Business Trust, solely in its capacity of investment adviser**<br> By signing below Macquarie Alternative Strategies in its individual capacity covenants to the Custodian that Ivy ASF III, LLC has the power to authorize and direct, and has duly authorized and directed, Macquarie Alternative Strategies to bind it to the terms of this Amendment<br>

---

| | |
|:---|:---|
| **By**: | &nbsp;&nbsp;&nbsp;&nbsp;/s/ Daniel V. Geatens |
| **Name:** | &nbsp;&nbsp;&nbsp;&nbsp;Daniel V Geatens |
| **Title:** | &nbsp;&nbsp;&nbsp;&nbsp;Senior Vice President |

---

**IVY VIP ASF III (SBP), LLC**<br> **By: Macquarie Alternative Strategies, a series of Macquarie Investment Management Business Trust, solely in its capacity of investment adviser**<br> By signing below Macquarie Alternative Strategies in its individual capacity covenants to the Custodian that Ivy VIP ASF III (SBP), LLC has the power to authorize and direct, and has duly authorized and directed, Macquarie Alternative Strategies to bind it to<br> the terms of this Amendment<br>

------

---

| | |
|:---|:---|
| **By**: | &nbsp;&nbsp;&nbsp;&nbsp;/s/ Daniel V. Geatens |
| **Name:** | &nbsp;&nbsp;&nbsp;&nbsp;Daniel V Geatens |
| **Title:** | &nbsp;&nbsp;&nbsp;&nbsp;Senior Vice President |

---

**IVY WGA III (SBP), LLC**<br> **By: Macquarie Alternative Strategies, a series of Macquarie Investment Management Business Trust, solely in its capacity of investment adviser**<br> By signing below Macquarie Alternative Strategies in its individual capacity covenants to the Custodian that Ivy WGA III (SBP), LLC has the power to authorize and direct, and has duly authorized and directed, Macquarie Alternative Strategies to bind it to the terms of this Amendment<br>

---

| | |
|:---|:---|
| **By**: | &nbsp;&nbsp;&nbsp;&nbsp;/s/ Daniel V. Geatens |
| **Name:** | &nbsp;&nbsp;&nbsp;&nbsp;Daniel V Geatens |
| **Title:** | &nbsp;&nbsp;&nbsp;&nbsp;Senior Vice President |

---

**IVY EME, LTD.**<br> **By: Macquarie Alternative Strategies, a series of Macquarie Investment Management Business Trust, solely in its capacity of investment adviser**<br> By signing below Macquarie Alternative Strategies in its individual capacity covenants to the Custodian that Ivy EME, Ltd. has the power to authorize and direct, and has duly authorized and directed, Macquarie Alternative Strategies to bind it to the terms of this Amendment<br>

---

| | |
|:---|:---|
| **By**: | &nbsp;&nbsp;&nbsp;&nbsp;/s/ Daniel V. Geatens |
| **Name:** | &nbsp;&nbsp;&nbsp;&nbsp;Daniel V Geatens |
| **Title:** | &nbsp;&nbsp;&nbsp;&nbsp;Senior Vice President |

---

------

**DELAWARE GROUP ADVISER FUNDS,** on behalf of its Series identified on Schedule A to Amendment No. 5 to the Agreement<br> **DELAWARE GROUP CASH RESERVE,** on behalf of its Series identified on Schedule A to Amendment No. 5 to the Agreement<br> **DELAWARE GROUP EQUITY FUNDS I**, on behalf of its Series identified on Schedule A to Amendment No. 5 to the Agreement<br> **DELAWARE GROUP EQUITY FUNDS II,** on behalf of its Series identified Schedule A to Amendment No. 5 to the Agreement<br> **DELAWARE GROUP EQUITY FUNDS IV,** on behalf of its Series identified on Schedule A to Amendment No. 5 to the Agreement<br> **DELAWARE GROUP EQUITY FUNDS** V, on behalf of its Series identified on Schedule A to Amendment No. 5 to the Agreement<br> **DELAWARE GROUP FOUNDATION FUNDS,** on behalf of its Series identified on Schedule A to Amendment No. 5 to the Agreement<br> **DELAWARE GROUP INCOME FUNDS,** on behalf of its Series identified on Schedule A to Amendment No. 5 to the Agreement<br> **DELAWARE GROUP STATE TAX- FREE INCOME TRUST,** on behalf of its Series identified on Schedule A to Amendment No. 5 to the Agreement<br>

------

**DELAWARE GROUP TAX-FREE FUND, on behalf of its Series identified on Schedule A to Amendment No. 5 to the Agreement**<br> **DELAWARE GROUP TAX-FREE MONEY FUND, on behalf of its Series identified on Schedule A to Amendment No. 5 to the Agreement**<br> **DELAWARE GROUP GLOBAL & INTERNATIONAL FUNDS, on behalf of its Series identified on Schedule A to Amendment No. 5 to the Agreement**<br> **VOYAGEUR INSURED FUNDS,** on behalf of its Series identified on Schedule A to Amendment No. 5 to the Agreement<br> **VOYAGEUR INTERMEDIATE TAX- FREE FUNDS,** on behalf of its Series identified on Schedule A to Amendment No. 5 to the Agreement<br> **VOYAGEUR MUTUAL FUNDS,** on behalf of its Series identified on Schedule A to Amendment No. 5 to the Agreement<br> **VOYAGEUR MUTUAL FUNDS II, on behalf of its Series identified on Schedule A to Amendment No. 5 to the Agreement**<br> **DELAWARE GROUP GOVERNMENT FUND, on behalf of its Series identified on Schedule A to Amendment No. 5 to the Agreement**<br> **DELAWARE GROUP LIMITED-TERM GOVERNMENT FUNDS, on behalf of its Series identified on Schedule A to Amendment No. 5 to the Agreement**<br> **DELAWARE POOLED TRUST,** on behalf of its Series identified on Schedule A to Amendment No. 5 to the Agreement<br>

------

**VOYAGEUR MUTUAL FUNDS III,** on behalf of its Series identified on Schedule A to Amendment No. 5 to the Agreement<br> **VOYAGEUR TAX FREE FUNDS,** on behalf of its Series identified on Schedule A to Amendment No. 5 to the Agreement<br> **DELAWARE VIP TRUST,** on behalf of its Series identified on Schedule A to Amendment No. 5 to the Agreement<br> **IVY FUNDS**, on behalf of its Series identified on Schedule A to Amendment No. 5 to the Agreement<br> **IVY VARIABLE INSURANCE PORTFOLIOS,** on behalf of its Series identified on Schedule A to Amendment No. 5 to the Agreement<br> **INVESTED**, on behalf of its Series identified on Schedule A to Amendment No. 5 to the Agreement<br> **DELAWARE INVESTMENTS COLORADO INSURED MUNICIPAL FUND, INC.**<br> **DELAWARE INVESTMENTS NATIONAL INSURED MUNICIPAL INCOME FUND**<br> **DELAWARE INVESTMENTS MINNESOTA MUNICIPAL INCOME FUND II, INC.**<br> **DELAWARE INVESTMENTS DIVIDEND AND INCOME FUND, INC.**<br> **DELAWARE ENHANCED GLOBAL DIVIDEND AND INCOME FUND**<br> **DELAWARE IVY HIGH INCOME OPPORTUNITIES FUND**<br>

------

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| | |
|:---|:---|
| By: | &nbsp;&nbsp;&nbsp;&nbsp; /s/ Daniel V. Geatens |
| Name: | &nbsp;&nbsp;&nbsp;&nbsp;Daniel V Geatens |
| Title: | &nbsp;&nbsp;&nbsp;&nbsp;Senior Vice President |

---

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## Ex-99.D16

**Exhibit (d)(16)**

**AMENDMENT NO. 2 TO AMENDED AND RESTATED FUND ACCOUNTING AND FINANCIAL ADMINISTRATION OVERSIGHT AGREEMENT**

This Amendment ("Amendment") is made as of the 11th day of October, 2021, by and between each fund in Delaware Funds<sup>®</sup> by Macquarie (formerly Delaware Investments Family of Funds) listed on Schedule A (each, a "Fund" and collectively, the "Funds") having their principal place of business at 100 Independence, 610 Market Street, Philadelphia, PA 19106-2354 and Delaware Investments Fund Services Company ("DIFSC"), a Delaware statutory trust having its principal place of business at 100 Independence, 610 Market Street, Philadelphia, PA 19106-2354.

**BACKGROUND:**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. The
 Funds and Delaware Service Company, Inc. ("DSC") are parties to an Amended
 and Restated Fund Accounting and Financial Administration Oversight Agreement dated as
 of January 1, 2014 (the "Agreement") relating to DSC's provision to
 the Funds of certain fund accounting, financial administration and related services,
 and oversight services described in the Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. DIFSC
 and DSC entered into an Assignment and Assumption Agreement as of November 1, 2014 whereby
 DSC contributed and assigned to DIFSC all of DSC's rights, title, and interest
 in the Agreement, and DIFSC assumed all of DSC's obligations under the Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. DIFSC
 and the Funds entered into Amendment No. 1 to Amended and Restated Fund Accounting and
 Financial Administration Oversight Agreement as of September 1, 2017.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D. DIFSC
 is a majority-owned affiliate of Macquarie Group Limited.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E. This Amendment is an amendment to the Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;F. The parties desire to amend the Agreement as set forth herein.

**TERMS:**

The parties hereby agree that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Section
 3A of the Agreement is hereby deleted in its entirety and replaced with the following
 Section 3A:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. For
 each Fund other than Delaware Ivy Pictet Targeted Return Bond Fund and Delaware Ivy Pictet
 Emerging Markets Local Currency Debt Fund (together, the "2021 Funds"), the
 revised term of this Agreement shall commence on January 1, 2022 and continue for a term
 expiring on December 31, 2025 ("Term"). The term of this Agreement for the
 2021

------

Funds shall begin on October 11, 2021 and continue for a term expiring on December 31, 2025. For the avoidance of doubt, the 2021 Funds will receive the Services (as defined in the Agreement) at no cost for the period from October 11, 2021 through December 31, 2021.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The
 Funds hereby represent and warrant to DIFSC that, as of January 1, 2022 (and as of October
 11, 2021 for the 2021 Funds), each of the statements about the Funds contained in Section
 6 of the Agreement is true and correct.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. DIFSC
 hereby represents and warrants to the Funds that, as of January 1, 2022 (and as of October
 11, 2021 for the 2021 Funds), each of the statements about DIFSC contained in Section
 7 of the Agreement is true and correct.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. Section
 12 of the Agreement is hereby deleted in its entirety and replaced with the following
 Section 12:

**Section 12 - Notices**

Any communication, notice, or demand made or given pursuant to this Agreement shall be properly addressed, in writing and delivered by personal service (including express or courier service), registered or certified mail, or by facsimile with proof of proper transmission and a means for confirmation of delivery to recipient, as follows:

**If to DIFSC:**

**Delaware Investments Fund Services Company**<br> 100 Independence, 610 Market Street<br> Philadelphia, PA 19106-2354

Attention: General Counsel

Telephone: (215) 255-8864<br> Facsimile: (215) 255-1640

------

**If to the Funds:**

**Delaware Funds® by Macquarie)**<br> 100 Independence, 610 Market Street<br> Philadelphia, PA 19106-2354

Attention: Chairman of the Board

Telephone: (610) 940-5320<br> Facsimile: (610) 941-5009

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. Schedule
 A of the Agreement is hereby deleted in its entirety and replaced with Schedule A attached
 hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. Section
 C.3 of Schedule B hereby replaced in its entirety and replaced with the following:

Review reports on regulatory forms (including, but not limited to, Form N-CSR, Form N-MFP, Form N-PORT and Form N-CEN) for accuracy, completeness, and proper financial disclosures in conjunction with BNY Mellon. Participate in review by, and resolution of comments from, external auditors when necessary or appropriate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. Section
 C.5 in Schedule B is hereby replaced in its entirety and replaced with the following:

Support regulatory reporting for filings (including, but not limited to, Form N-PORT and Form N-CEN) by completing and reviewing responses to financial questions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. <u>Miscellaneous</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) As
 hereby amended and supplemented, the Agreement shall remain in full force and effect.
 In the event of a conflict between the terms of this Amendment and the terms of the Agreement,
 the terms of this Amendment shall control.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The
 Agreement, as amended hereby, constitutes the complete understanding and agreement of
 the parties with respect to the subject matter hereof and supersedes all prior communications
 with respect thereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) This
 Amendment may be executed in two or more counterparts, each of which shall be deemed
 to be an original, but all of which together shall constitute one and the same instrument.
 The facsimile or electronic signature of any party to this Amendment

------

shall constitute the valid and binding execution hereof by such party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) To
 the extent required by applicable law, the terms of this Amendment and the fees and expenses
 associated with this Amendment have been disclosed to and approved by the Board of Trustees/Directors
 of the Funds.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) This
 Amendment shall be governed by the laws of The Commonwealth of Pennsylvania, without
 regard to its principles of conflicts of laws.

**IN WITNESS WHEREOF**, the parties hereto have caused this Amendment to be executed by their duly authorized officers designated below as of the date and year first above written.

**DELAWARE FUNDS® BY MACQUARIE, as listed on Schedule A**

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| | |
|:---|:---|
| By: | /s/ Shawn K. Lytle |

---

Name: <u>Shawn K. Lytle</u> <br>

Title: <u>President</u>

**DELAWARE INVESTMENTS FUND SERVICES COMPANY**

---

| | |
|:---|:---|
| By: | /s/ Richard Salus |

---

Name: <u>Richard Salus</u> <br>

Title: <u>Senior Vice President</u> <br>

------

**SCHEDULE A TO AMENDMENT NO. 2**<br> **TO THE AMENDED AND RESTATED FUND ACCOUNTING AND**<br> **FINANCIAL ADMINISTRATION OVERSIGHT AGREEMENT BETWEEN<br> DELAWARE SERVICE COMPANY, INC. AND**<br> **DELAWARE FUNDS**<sup>®</sup> **BY MACQUARIE**<br> **DATED JANUARY 1ST, 2014**<br> **AS ASSIGNED TO DELAWARE INVESTMENTS FUND SERVICES COMPANY ON<br> NOVEMBER 1ST, 2014**

As of January 1, 2022

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| |
|:---|
| &nbsp;&nbsp;**Series, Portfolio and Share Class** |
| &nbsp;&nbsp;&nbsp;&nbsp;**Delaware Group<sup>®</sup> Adviser Funds**<br> Delaware Diversified Income Fund – Class A, Class C, Class R, Class R6, and Institutional Class Shares |
| &nbsp;&nbsp;&nbsp;&nbsp;**Delaware Group<sup>®</sup> Cash Reserve**<br> Delaware Investments Ultrashort Fund – Class A, Class C, Class L, and Institutional Class Shares |
| &nbsp;&nbsp;&nbsp;&nbsp;**Delaware Group<sup>®</sup> Equity Funds I**<br> Delaware Mid Cap Value Fund – Class A, Class C, Class R, and Institutional Class Shares |
| &nbsp;&nbsp;&nbsp;&nbsp;**Delaware Group<sup>®</sup> Equity Funds II**<br> Delaware Value<sup>®</sup> Fund – Class A, Class C, Class R, Class R6, Class T, and Institutional Class Shares |
| &nbsp;&nbsp;&nbsp;&nbsp;**Delaware Group<sup>®</sup> Equity Funds IV**<br> Delaware Healthcare Fund – Class A, Class C, Class R, and Institutional Class Shares<br> Delaware Small Cap Growth Fund – Class A, Class C, Class R, and Institutional Class Shares<br> Delaware Smid Cap Growth Fund – Class A, Class C, Class R, Class R6, and Institutional Class Shares<br> Delaware Covered Call Strategy Fund – Class A, Class R6, and Institutional Class Shares<br> Delaware Equity Income Fund – Class A, Class R6, and Institutional Class Shares<br> Delaware Global Equity Fund – Class A, Class R6, and Institutional Class Shares<br> Delaware Growth and Income Fund – Class A, Class R6, and Institutional Class Shares<br> Delaware Growth Equity Fund – Class A, Class R6, and Institutional Class Shares<br> Delaware Hedged U.S. Equity Opportunities Fund – Class A, Class R6, and Institutional Class Shares<br> Delaware Opportunity Fund – Class A, Class R6, and Institutional Class Shares<br> Delaware Premium Income Fund – Class A, Class R6, and Institutional Class Shares<br> Delaware Total Return Fund – Class A, Class R6, and Institutional Class Shares |
| &nbsp;&nbsp;&nbsp;&nbsp;**Delaware Group<sup>®</sup> Equity Funds V**<br> Delaware Small Cap Core Fund – Class A, Class C, Class R, Class R6, and Institutional Class Shares<br> Delaware Small Cap Value Fund – Class A, Class C, Class R, Class R6, and Institutional Class Shares<br> Delaware Wealth Builder Fund – Class A, Class C, Class R, and Institutional Class Shares |
| &nbsp;&nbsp;&nbsp;&nbsp;**Delaware Group<sup>®</sup> Foundation Funds**<br> Delaware Strategic Allocation Fund – Class A, Class C, Class R, and Institutional Class Shares |
| &nbsp;&nbsp;&nbsp;&nbsp;**Delaware Group<sup>®</sup> Global & International Funds**<br> Delaware Emerging Markets Fund – Class A, Class C, Class R, Class R6, and Institutional Class Shares<br> Delaware International Small Cap Fund – Class A, Class C, Class R, Class R6, and Institutional Class Shares<br> Delaware International Value Equity Fund – Class A, Class C, Class R, and Institutional Class Shares |
| &nbsp;&nbsp;&nbsp;&nbsp;**Delaware Group<sup>®</sup> Government Fund**<br> Delaware Emerging Markets Debt Corporate Fund – Class A, Class C, Class R, and Institutional Class Shares<br> Delaware Strategic Income Fund – Class A, Class C, Class R, and Institutional Class Shares |
| &nbsp;&nbsp;&nbsp;&nbsp;**Delaware Group<sup>®</sup> Income Funds**<br> Delaware Corporate Bond Fund – Class A, Class C, Class R, and Institutional Class Shares<br> Delaware Extended Duration Bond Fund – Class A, Class C, Class R, Class R6, and Institutional Class Shares<br> Delaware Floating Rate Fund – Class A, Class C, Class R, Class R6, and Institutional Class Shares<br> Delaware High-Yield Opportunities Fund – Class A, Class C, Class R, Class R6, and Institutional Class Shares |

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| |
|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Delaware Group<sup>®</sup> Limited-Term Government Funds**<br> Delaware Limited-Term Diversified Income Fund – Class A, Class C, Class R, Class R6, and Institutional Class Shares<br> Delaware Tax-Free New Jersey Fund – Class A and Institutional Class<br> Delaware Tax-Free Oregon Fund – Class A and Institutional Class |
| &nbsp;&nbsp;&nbsp;&nbsp;**Delaware Group<sup>®</sup> State Tax-Free Income Trust**<br> Delaware Tax-Free Pennsylvania Fund – Class A, Class C, and Institutional Class Shares |
| &nbsp;&nbsp;&nbsp;&nbsp;**Delaware Group<sup>®</sup> Tax-Free Fund**<br> Delaware Tax-Free USA Fund – Class A, Class C, and Institutional Class Shares<br> Delaware Tax-Free USA Intermediate Fund – Class A, Class C, and Institutional Class Shares |
| &nbsp;&nbsp;&nbsp;&nbsp;**Delaware Pooled<sup>®</sup> Trust**<br> Macquarie Emerging Markets Portfolio – DPT Class<br> Macquarie Emerging Markets Portfolio II – DPT Class<br> Macquarie Labor Select International Equity Portfolio – DPT Class<br> Delaware Global Listed Real Assets Fund – Class A, Class C, Class R, Class R6, and Institutional Class Shares<br> *(formerly, Delaware REIT Fund)* |
| &nbsp;&nbsp;&nbsp;&nbsp;**Delaware VIP<sup>®</sup> Trust**<br> Delaware VIP<sup>®</sup> Emerging Markets Series – Standard Class Shares and Service Class Shares<br> Delaware VIP<sup>®</sup> Small Cap Value Series – Standard Class Shares and Service Class Shares<br> Delaware VIP**<sup>®</sup>** Equity Income Series – Standard Class Shares<br> Delaware VIP**<sup>®</sup>** Fund for Income Series – Standard Class Shares<br> Delaware VIP**<sup>®</sup>** Growth and Income Series – Standard Class Shares<br> Delaware VIP**<sup>®</sup>** Growth Equity Series – Standard Class Shares<br> Delaware VIP**<sup>®</sup>** International Series – Standard Class Shares and Service Class Shares<br> Delaware VIP**<sup>®</sup>** Investment Grade Series – Standard Class Shares and Service Class Shares<br> Delaware VIP**<sup>®</sup>** Limited Duration Bond Series – Standard Class Shares<br> Delaware VIP**<sup>®</sup>** Opportunity Series – Standard Class Shares<br> Delaware VIP**<sup>®</sup>** Special Situations Series – Standard Class Shares<br> Delaware VIP**<sup>®</sup>** Total Return Series – Standard Class Shares and Service Class Shares |

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&nbsp;&nbsp;&nbsp;&nbsp;**Ivy Funds** <br> Delaware Ivy Accumulative Fund – Class A, Class B, Class C, Institutional Class, Class R6<br> Delaware Ivy Multi-Asset Income Fund – Class A, Class C, Institutional Class, Class R6, and Class Y<br> Delaware Ivy Strategic Income Fund – Class A, Class C, Institutional Class, Class R6, and Class Y<br> Delaware Ivy Asset Strategy Fund – Class A, Class B, Class C, Class E, Institutional Class, Class R6,<br> Class R, and Class Y<br> Delaware Ivy Balanced Fund – Class A, Class B, Class C, Institutional Class, Class R6, Class R, and Class Y<br> Delaware Ivy California Municipal High Income Fund – Class A, Class C, Institutional Class, Class R6, and Class Y<br> Delaware Ivy Core Equity Fund – Class A, Class B, Class C, Class E, Institutional Class, Class R6,<br> Class R, and Class Y<br> Delaware Ivy Corporate Bond Fund – Class A, Class B, Class C, Institutional Class, Class R6, and Class Y<br> Delaware Ivy Crossover Credit Fund – Class A, Institutional Class, Class R6, and Class Y<br> Delaware Ivy Systematic Emerging Markets Equity Fund – Class A, Class B, Class C, Institutional Class, Class R6,<br> Class R, and Class Y<br> Delaware Ivy Energy Fund – Class A, Class B, Class C, Institutional Class, Class R6, Class R, and Class Y<br> Delaware Ivy Global Bond Fund – Class A, Class B, Class C, Institutional Class, Class R6, Class R, and Class Y<br> Delaware Ivy Global Equity Income Fund – Class A, Class B, Class C, Class E, Institutional Class, Class R6,<br> Class R, and Class Y<br> Delaware Ivy Global Growth Fund – Class A, Class B, Class C, Institutional Class, Class R6, Class R, and Class Y<br> Delaware Ivy Government Securities Fund – Class A, Class B, Class C, Institutional Class, and Class R6<br> Delaware Ivy High Income Fund – Class A, Class B, Class C, Class E, Institutional Class, Class R6, Class R, and Class Y<br> Delaware Ivy International Core Equity Fund – Class A, Class B, Class C, Class E, Institutional Class, Class R6, Class R, and Class Y<br> Delaware Ivy International Small Cap Fund – Class A, Class C, Institutional Class, Class R6, and Class Y<br> Delaware Ivy Large Cap Growth Fund – Class A, Class B, Class C, Class E, Institutional Class, Class R6,<br> Class R, and Class Y<br> Delaware Ivy LaSalle Global Real Estate Fund – Class A, Class B, Class C, Institutional Class, Class R6, Class R, and Class Y<br> Delaware Ivy Limited-Term Bond Fund – Class A, Class B, Class C, Class E, Institutional Class, Class R6, Class R, and Class Y<br> Delaware Ivy Managed International Opportunities Fund – Class A, Class B, Class C, Institutional Class, Class R6, Class R, and Class Y<br> Delaware Ivy Mid Cap Growth Fund – Class A, Class B, Class C, Class E, Institutional Class, Class R6, Class R, and Class Y<br> Delaware Ivy Mid Cap Income Opportunities Fund – Class A, Class C, Institutional Class, Class R6, Class R, and Class Y<br> Delaware Ivy Municipal Bond Fund – Class A, Class B, Class C, Institutional Class, Class R6, and Class Y<br> Delaware Ivy Municipal High Income Fund – Class A, Class B, Class C, Institutional Class, Class R6, and Class Y<br> Delaware Ivy Natural Resources Fund – Class A, Class B, Class C, Class E, Institutional Class, Class R6, Class R, and Class Y<br>

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| |
|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Ivy Funds *(continued)***<br> Delaware Ivy Emerging Markets Local Currency Debt Fund – Class A, Class C, Institutional Class, Class R6, and Class Y<br> Delaware Ivy Total Return Bond Fund – Class A, Class C, Institutional Class, Class R6, and Class Y<br> Delaware Ivy High Yield Fund – Class A, Institutional Class, and Class R6<br> Delaware Ivy ProShares Interest Rate Hedged High Yield Index Fund – Class A, Class E, Institutional Class, and Class R<br> Delaware Ivy ProShares MSCI ACWI Index Fund – Class A, Class E, and Institutional Class<br> Delaware Ivy ProShares Russell 2000 Dividend Growers Index Fund – Class A, Class E, Institutional Class, and Class R6<br> Delaware Ivy ProShares S&P 500 Bond Index Fund – Class A, Class E, Institutional Class, and Class R<br> Delaware Ivy S&P 500 Dividend Aristocrats Index Fund – Class A, Class E, Institutional Class, Class R6, and Class R<br> Delaware Ivy International Value Fund – Class A, Class B, Class C, Institutional Class, Class R6, Class R, and Class Y<br> Delaware Ivy Science and Technology Fund – Class A, Class B, Class C, Class E, Institutional Class, Class R6, Class R, and Class Y<br> Delaware Ivy Securian Core Bond Fund – Class A, Class B, Class C, Class E, Institutional Class, Class R6, Class R, and Class Y<br> Delaware Ivy Smid Cap Core Fund – Class A, Class B, Class C, Institutional Class, Class R6, Class R, and Class Y<br> Delaware Ivy Small Cap Growth Fund – Class A, Class B, Class C, Class E, Institutional Class, Class R6,<br> Class R, and Class Y<br> Delaware Ivy Value Fund – Class A, Class B, Class C, Institutional Class, Class R6, Class R, and Class Y<br> Delaware Ivy Wilshire Global Allocation Fund – Class A, Class B, Class C, Institutional Class, Class R6<br> Delaware Ivy Cash Management Fund – Class A, Class B, and Class C<br> Delaware Ivy Government Money Market Fund – Class A, Class B, Class C, Class E, and Class R6 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Ivy Variable Insurance Portfolios**<br> Delaware Ivy VIP Asset Strategy – Class I and Class II Shares<br> Delaware Ivy VIP Balanced – Class II Shares<br> Delaware Ivy VIP Core Equity – Class II Shares<br> Delaware Ivy VIP Corporate Bond – Class II Shares<br> Delaware Ivy VIP Energy – Class I and Class II Shares<br> Delaware Ivy VIP Global Bond – Class II Shares<br> Delaware Ivy VIP Global Equity Income – Class II Shares<br> Delaware Ivy VIP Global Growth – Class II Shares<br> Delaware Ivy VIP Growth – Class II Shares<br> Delaware Ivy VIP High Income – Class I and Class II Shares<br> Delaware Ivy VIP International Core Equity – Class II Shares<br> Delaware Ivy VIP Limited-Term Bond – Class II Shares<br> Delaware Ivy VIP Mid Cap Growth – Class I and Class II Shares<br> Delaware Ivy VIP Natural Resources – Class II Shares<br> Delaware Ivy VIP Pathfinder Aggressive – Class II Shares<br> Delaware Ivy VIP Pathfinder Conservative – Class II Shares<br> Delaware Ivy VIP Pathfinder Moderately Aggressive – Managed Volatility – Class II Shares<br> Delaware Ivy VIP Pathfinder Moderately Conservative – Managed Volatility – Class II Shares<br> Delaware Ivy VIP Pathfinder Moderate – Class II Shares<br> Delaware Ivy VIP Pathfinder Moderate – Managed Volatility – Class II Shares<br> Delaware Ivy VIP Pathfinder Moderately Aggressive – Class II Shares<br> Delaware Ivy VIP Pathfinder Moderately Conservative – Class II Shares<br> Delaware Ivy VIP Science and Technology – Class I and Class II Shares<br> Delaware Ivy VIP Securian Real Estate Securities – Class II Shares<br> Delaware Ivy VIP Smid Cap Core – Class II Shares<br> Delaware Ivy VIP Small Cap Growth – Class I and Class II Shares<br> Delaware Ivy VIP Value – Class II Shares<br> Delaware Ivy VIP Government Money Market – Class II Shares |

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| |
|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**InvestEd Portfolios**<br> InvestEd 90 Portfolio<br> InvestEd 80 Portfolio<br> InvestEd 70 Portfolio<br> InvestEd 60 Portfolio<br> InvestEd 50 Portfolio<br> InvestEd 40 Portfolio<br> InvestEd 30 Portfolio<br> InvestEd 20 Portfolio<br> InvestEd 10 Portfolio<br> InvestEd 0 Portfolio |
| &nbsp;&nbsp;&nbsp;&nbsp;**Voyageur Insured Funds**<br> Delaware Tax-Free Arizona Fund – Class A, Class C, and Institutional Class Shares |
| &nbsp;&nbsp;&nbsp;&nbsp;**Voyageur Intermediate Tax Free Funds**<br> Delaware Tax-Free Minnesota Intermediate Fund – Class A, Class C, and Institutional Class Shares |
| &nbsp;&nbsp;&nbsp;&nbsp;**Voyageur Mutual Funds**<br> Delaware Minnesota High-Yield Municipal Bond Fund – Class A, Class C, and Institutional Class Shares<br> Delaware National High-Yield Municipal Bond Fund – Class A, Class C, and Institutional Class Shares<br> Delaware Tax-Free California Fund – Class A, Class C, and Institutional Class Shares<br> Delaware Tax-Free Idaho Fund – Class A, Class C, and Institutional Class Shares<br> Delaware Tax-Free New York Fund – Class A, Class C, and Institutional Class Shares |
| &nbsp;&nbsp;&nbsp;&nbsp;**Voyageur Mutual Funds II**<br> Delaware Tax-Free Colorado Fund – Class A, Class C, and Institutional Class Shares |
| &nbsp;&nbsp;&nbsp;&nbsp;**Voyageur Mutual Funds III**<br> Delaware Select Growth Fund – Class A, Class C, Class R, and Institutional Class Shares |
| &nbsp;&nbsp;&nbsp;&nbsp;**Voyageur Tax Free Funds**<br> Delaware Tax-Free Minnesota Fund – Class A, Class C, and Institutional Class Shares |
| &nbsp;&nbsp;**Delaware Enhanced Global Dividend and Income Fund** – Common Shares |
| &nbsp;&nbsp;**Delaware Investments Dividend and Income Fund, Inc.** – Common Shares |
| &nbsp;&nbsp;**Delaware Investments Colorado Municipal Income Fund, Inc.** – Common Shares and Preferred Shares |
| &nbsp;&nbsp;**Delaware Investments Minnesota Municipal Income Fund II, Inc.** – Common Shares and Preferred Shares |
| &nbsp;&nbsp;**Delaware Investments National Municipal Income Fund** – Common Shares and Preferred Shares |
| &nbsp;&nbsp;**Delaware Ivy High Income Opportunities Fund** – Common Shares and Preferred Shares |

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------

**Schedule C**

**Annual Fee**

Each Fund will be charged an annual fee equal to the sum of (a) a base fee of $4,000 ("Flat Fee") plus (b) a Pro Rata AUM Fee calculated as follows:

**First,** a total annual fee will be calculated by multiplying the average daily net assets of all Funds during the year by the applicable fee rates in the following table to calculate the "Total Fee."

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| | |
|:---|:---|
| &nbsp;&nbsp;**<u>Average Daily Net Assets</u>** | &nbsp;&nbsp;**<u>Annual Fees</u>** |
| &nbsp;&nbsp;First $35 billion of average daily net assets | &nbsp;&nbsp;.00475% |
| &nbsp;&nbsp;Next $10 billion of average daily net assets | &nbsp;&nbsp;.00400% |
| &nbsp;&nbsp;Next $45 billion of average daily net assets | &nbsp;&nbsp;.00250% |
| &nbsp;&nbsp;Over $90 billion of average daily net assets | &nbsp;&nbsp;.0015% |

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**Second,** the Flat Fee will be multiplied by the number of Funds in the complex to calculate the "Aggregate Flat Fee."

**Third,** the Aggregate Flat Fee will be subtracted from the Total Fee to calculate the "Total AUM Allocation Fee."

**Fourth**, the Pro Rata AUM Fee for each Fund will be equal to the product of the Total AUM Allocation Fee multiplied by a fraction, the numerator of which is such Fund's average daily net assets in the year of calculation and the denominator of which is the average daily net assets of all Funds during such year.

**<u>Example:</u>**

Assume that the complex has 60 Funds and $35,000,000,000 in AUM. The annual fee would be calculated as follows:

The Funds, as a complex, would be charged $1,662,500 ($35,000,000,000 \* .00475% = $1,662,500)

Each of the 60 Funds would be allocated a flat fee of $4,000 (60 \* $4,000 = $240,000)

Each of the 60 Funds would be charged an asset based fee on the remaining $1,422,500 ($1,662,500 - $240,000 = $1,422,500)

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The asset based fee on the $1,422,500 would be allocated pro rata to each of the 60 Funds based on AUM per Fund

Assume that the complex launches a new Fund and has 61 Funds, but assets remain at $35,000,000,000 in AUM. The annual fee would be calculated as follows:

The Funds, as a complex, would still be charged $1,662,500 ($35,000,000,000 \* .00475% = $1,662,500)

Each of the 61 Funds would be allocated a flat fee of $4,000 (61 \* $4,000 = $244,000)

Each of the 61 Funds would be charged an asset based fee on the remaining $1,418,500 ($1,662,500 - $244,000 = $1,418,500)

The asset based fee on the **$1,418,500** would be allocated pro rata to each of the 61 Funds based on AUM per Fund

The complex would be charged the same total amount. The difference would be that the pro rata calculation would be based on a smaller amount because there are more funds in the complex.

------

## Ex-Filing

**Exhibit (i)**

**Calculation of Filing Fee Tables**

**Schedule TO**<br> (Form Type)

**Delaware Enhanced Global Dividend and Income Fund**<br> (Exact Name of Registrant as Specified in its Charter)

<u>Table 1: Transaction Valuation</u>

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| | | | |
|:---|:---|:---|:---|
|  | Transaction Valuation | Fee rate | Amount of Filing Fee |
| Fees to Be Paid | $27,688,868.79 (a) | 0.00011020% | $3,051.31 (b) |
| Fees Previously Paid | $0.00 |  | $0.00 |
| **Total Transaction Valuation** | $27688868.79 |  |  |
| **Total Fees Due for Filing** |  |  | $3051.31 |
| **Total Fees Previously Paid** |  |  | $0.00 |
| **Total Fee Offsets** |  |  | $0.00 |
| **Net Fee Due** |  |  | $3051.31 |

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(a) Pursuant to Rule 0-11(b)(1) under the Securities Exchange Act of 1934, as amended, the transaction value was calculated by multiplying 30% of the 10,620,970 Common Shares of Delaware Enhanced Global Dividend and Income Fund by $8.69, 98% of the Net Asset Value per share of $8.87 as of the close of ordinary trading on the New York Stock Exchange on January 6, 2023.

(b) Calculated as $110.20 per $1,000,000 of the Transaction Valuation.

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