Delaware
Delaware Investments® National Municipal Income Fund Announces Board Approval of New Investment Management Agreement with abrdn Inc. and Nomination of Four New Trustees
PHILADELPHIA, December 22, 2022–(BUSINESS WIRE)–In the present day, Delaware Investments Nationwide Municipal Revenue Fund (the “Fund”), a New York Inventory Change American-listed closed-end fund buying and selling below the image “VFL”, introduced that its Board of Trustees (the “Board”) authorized a brand new funding administration settlement with abrdn Inc. and the nomination of 4 new trustees who’re presently trustees of present abrdn funds (collectively, the “abrdn fund adoption”), topic to the circumstances mentioned beneath.
The Fund’s funding goal and principal funding insurance policies is not going to change because of the proposed change in funding supervisor to abrdn Inc., an skilled supervisor of US registered closed-end funds and municipal bond funds.
It’s presently anticipated that the abrdn fund adoption can be accomplished within the second quarter of 2023 topic to (i) Fund shareholder approval of the brand new funding administration settlement with abrdn Inc., (ii) Fund shareholder election of 4 trustees for the Fund, constituting a brand new Fund board of trustees, every to take workplace provided that the funding administration settlement proposal is authorized by Fund shareholders and upon the resignation of the present trustees of the Fund, and (iii) the satisfaction of customary closing circumstances.
Delaware Administration Firm, a sequence of Macquarie Funding Administration Enterprise Belief, is presently the funding supervisor of the Fund.
The preliminary proxy assertion describing these shareholder proposals in additional element has been filed with the US Securities and Change Fee (the “SEC”) right now, however is not going to be distributed to shareholders of the Fund except and till the proxy assertion is said efficient by the SEC and a “definitive Proxy Assertion” is filed.
This press launch will not be meant to be, and doesn’t represent, a suggestion to buy or promote shares of the Fund neither is this press launch meant to solicit a proxy from any shareholder of the Fund. The solicitation of proxies to impact the abrdn fund adoption will solely be made by a definitive Proxy Assertion of the Fund.
SHAREHOLDERS OF THE FUND ARE URGED TO READ CAREFULLY THE DEFINITIVE PROXY STATEMENT AND OTHER DOCUMENTS IN THEIR ENTIRETY WHEN THEY ARE FILED WITH THE SEC AND BECOME AVAILABLE BECAUSE THESE DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION ABOUT THE ABRDN FUND ADOPTION.
The proxy assertion is not going to represent a suggestion to purchase or promote securities, in any state the place such provide or sale will not be permitted.
Concerning the Fund
The Fund’s funding goal is to supply present revenue exempt from common federal revenue tax in line with the preservation of capital. As well as, the Fund has the power to make use of leveraging strategies in an try and get hold of a better return for the Fund. At the moment, the Fund has excellent the variable-rate Most well-liked Shares as leverage. There isn’t a assurance that the Fund will obtain its funding goal.
The Fund’s funding return and principal worth might fluctuate in order that an investor’s frequent shares could also be value roughly than the unique price. Widespread shares of closed-end funds might commerce above (a premium) or beneath (a reduction) the online asset worth (NAV) of the fund’s portfolio. Previous efficiency doesn’t assure future outcomes. The above is for informational functions solely and shouldn’t be thought of as a suggestion, or solicitation, to deal in any of the investments talked about herein. The Most well-liked Shares haven’t been registered below the Securities Act of 1933 or any state securities legal guidelines, and, except so registered, will not be supplied or bought in the USA besides pursuant to an exemption from the registration necessities of the Securities Act of 1933 and relevant state securities legal guidelines.
The proxy supplies and different paperwork filed by the Fund with the SEC, together with the Fund’s annual report for the fiscal yr ended March 31, 2022, can be found with out price on the SEC’s web site (sec.gov) or by calling the Fund’s registrar and share switch agent, Computershare, Inc. Listed closed-end funds are traded on the secondary market via one of many inventory exchanges.
About Macquarie Asset Administration
Macquarie Asset Administration is a world asset supervisor that goals to ship optimistic influence for everybody. Trusted by establishments, pension funds, governments, and people to handle greater than $US508 billion in property globally,1 we offer entry to specialist funding experience throughout a variety of capabilities together with infrastructure, inexperienced investments and renewables, actual property, agriculture and pure property, asset finance, personal credit score, equities, fastened revenue and multi asset options.
Advisory companies are supplied by Delaware Administration Firm, a sequence of Macquarie Funding Administration Enterprise Belief, a registered funding adviser. Macquarie Asset Administration is a part of Macquarie Group, a diversified monetary group offering shoppers with asset administration, finance, banking, advisory and danger and capital options throughout debt, fairness, and commodities. Based in 1969, Macquarie Group employs greater than 19,000 individuals in 33 markets and is listed on the Australian Securities Change. For extra details about Delaware Funds by Macquarie®, go to delawarefunds.com or name 800 523-1918.
Aside from Macquarie Financial institution Restricted ABN 46 008 583 542 (“Macquarie Financial institution”), any Macquarie Group entity famous on this press launch will not be an authorised deposit-taking establishment for the needs of the Banking Act 1959 (Commonwealth of Australia). The obligations of those different Macquarie Group entities don’t signify deposits or different liabilities of Macquarie Financial institution. Macquarie Financial institution doesn’t assure or in any other case present assurance in respect of the obligations of those different Macquarie Group entities. As well as, if this press launch pertains to an funding, (a) the investor is topic to funding danger together with potential delays in reimbursement and lack of revenue and principal invested and (b) none of Macquarie Financial institution or every other Macquarie Group entity ensures any explicit price of return on or the efficiency of the funding, nor do they assure reimbursement of capital in respect of the funding.
1 As of September 30, 2022
© 2022 Macquarie Administration Holdings, Inc.
View supply model on businesswire.com: https://www.businesswire.com/information/dwelling/20221222005569/en/
Contacts
Traders
Computershare
866 437-0252
delawarefunds.com/closed-end
Media
Lee Lubarsky
347 302-3000
Lee.Lubarsky@macquarie.com
Delaware
At 50th annual Turkey Bowl in Delaware County, friendly competition comes before turkey
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Delaware
Which county in Delaware is the best to retire in? Plus, how it compares with others
Greenville home designed and built by top architect and engineer
At 1006 Westover Road, Greenville, the 9,125-square-foot Tudor-style mansion includes six bedrooms, five bathrooms and two powder rooms
It’s no secret that Delaware is regarded as a retirement haven.
From quiet suburbs to quaint coastal neighborhoods, there’s plenty to choose from when it comes to how you want to spend your Golden Years. Many Delaware towns have been touted as some of the best places in the nation to retire in, but there’s one county that is better than the rest.
Best Delaware county to retire in
SmartAsset, a financial technology company, gathered data on the three regional factors – tax-friendliness, medical care, and social opportunities –that affect the quality of life for retirees.
This information was used to calculate the amount of sales taxes paid and the amount of disposable income left over. Resources like the number of doctor’s offices, recreation centers and retirement centers per 1,000 residents in each location and the number of seniors in each city were calculated. Each location was then ranked based on these three factors, with the highest ranking being the best place to retire.
The best county for retirement in Delaware is Sussex County, according to the data.
Sussex received an overall score of 76.87. The tax burden is listed as 9.9%, with 1.23 medical centers, 0.53 recreation centers and 0.03 retirement communities per 1,000 people. The percentage of seniors in Sussex County is 27.9%.
Kent County is the second best for retirement in Delaware with an overall score of 68.64. Kent ties with Sussex at 9.9% for tax burden and 0.03 for retirement communities per 1,000 people. Kent has fewer medical centers per 1,000 people than Sussex, at 1.05, and more recreation centers per 1,000 people than Sussex, at 0.76. Kent’s population is 17.1% seniors.
New Castle County ranks the lowest in the state for retirement with a score of 67.32. New Castle has the highest tax burden at 10.1%; the second-highest number of medical centers per 1,000 people at 1.21; the second-highest number of recreation centers per 1,000 people at 0.56; and the highest number of retirement communities per 1,000 people at 0.04. In New Castle County, seniors are 15.6% of the population.
Overall, these findings leave Delaware with a tax burden of 10%; 1.16 medical centers per 1,000 people; 0.54 recreation centers per 1,000 people; 0.03 retirement communities per 1,000 people; and a population including 20.2% seniors.
Got a tip or a story idea? Contact Krys’tal Griffin at kgriffin@delawareonline.com.
Delaware
Northern lights forecast: Auroras may be visible across US. Will you see them in Delaware?
Aurora Borealis appears over northern US
The aurora borealis appeared in parts of the northern U.S on Thursday. Footage shows the colorful northern lights visible from Lewes, Delaware.
After filling up on turkey, stuffing and a couple of slices of pie, Mother Nature will have an aerial fireworks show for you Thursday and Friday night.
A solar storm is forecast to reach Earth and produce colorful northern lights in the Northern Hemisphere.
The phenomenon, also known as the aurora borealis, should be visible on Thanksgiving and Black Friday in parts of the northern United States, according to the National Oceanic and Atmospheric Administration.
The northern lights are courtesy of a coronal mass ejection hurtling toward Earth, which prompted NOAA’s Space Weather Prediction Center to issue a geomagnetic storm watch for Thursday and Friday. The forecast storm won’t quite have the oomph of the G4-level whopper that came along Oct. 10, but it should still unveil the auroras across the Northern Hemisphere.
Here’s what to know about the northern lights and how to see them on Thanksgiving night in the U.S.
Northern lights: Amid solar maximum, auroras should be more visible across the U.S.
Where will the auroras be visible?
The auroras are best seen around the magnetic poles of the Northern and Southern hemispheres in Europe, Asia and North America. In the U.S., Alaska is well known to have the best viewing opportunities for the northern lights.
The auroras may become visible in some northern and upper Midwest states from New York to Idaho, according to the Space Weather Prediction Center’s experimental Aurora view line. The visibility for viewing also will depend on local weather conditions and city lights.
The northern lights may also be visible low on the horizon in several cities, according to the University of Alaska at Fairbanks Geophysical Institute website, which tracks the phenomenon.
Those include:
- Boise, Idaho
- Cheyenne, Wyoming
- Lincoln, Nebraska
- Indianapolis
- Annapolis, Maryland
Will the northern lights be visible in Delaware?
While the auroras will be visible as far south as Annapolis, folks in Delaware may have issues seeing anything Thursday night. The National Weather Service forecast is calling for a 100% chance of rain Thursday, mostly before noon. While the rain will move off, the forecast for Thursday night is calling for partly cloudy skies which could hinder visibility.
The best chance to see the northern lights is Friday. The forecast is calling for mostly clear skies. You will want to bring a jacket as lows are expected to drop into the upper 20s.
When is the best time to see the northern lights?
As a rule of thumb, if the weather is clear, the best aurora is usually visible within an hour or two of midnight, according to NOAA. And if it looks as if the northern lights will flare up near you, you should get away from cities and travel to dark locations free from light pollution so you can best see them.
The agency also maintains an aurora dashboard that should help skygazers track the phenomenon.
What causes the northern lights
The auroras are a natural light display in Earth’s sky. The phenomenon is caused when electrically charged particles from space enter Earth’s atmosphere and collide with molecules and gases like oxygen and nitrogen, causing the atmospheric particles to gain energy. To return to their normal state, the particles release that energy in the form of light, according to the University of Alaska at Fairbanks.
As auroras form, Earth’s magnetic field redirects the particles toward the poles through a process that produces a stunning display of rays, spirals and flickers that have fascinated humans for millennia.
Why northern lights activity is increasing
Now that the sun is at the height of its 11-year cycle, the increase in solar activity has more frequently fueled “space weather” that produces the right conditions for northern lights to flourish.
Regions of intense magnetic activity known as sunspots are proliferating on the solar surface and are capable of releasing intense bursts of radiation resulting in solar flares that can hurtle toward Earth at the speed of light, according to NOAA. Some of the flares can be accompanied by coronal mass ejections, or clouds of plasma and charged particles, that emerge from the sun’s outermost atmosphere, the corona.
These ejections can collide with Earth’s magnetosphere, the barrier protecting humanity from the harshest effects of space weather, to produce geomagnetic storms that unleash spectacular views of the northern lights in parts of the country where auroras are not often visible.
What’s more, because NASA expects the solar maximum to continue into 2025, aurora chasers should have plenty more opportunities to catch the northern lights.
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