Three Delaware Investments funds to redeem MuniFund term preferreds

By Marisa Wong

Morgantown, W.Va., Jan. 5 – Delaware Investments closed-end funds Delaware Investments National Municipal Income Fund, Delaware Investments Minnesota Municipal Income Fund II, Inc. and Delaware Investments Colorado Municipal Income Fund, Inc. will redeem in full their outstanding variable-rate MuniFund term preferred shares, series 2017, series 2016 and series 2016, respectively.

The redemptions will all take place on Feb. 5, according to notices filed with the Securities and Exchange Commission.

There are 300 of the 2017 preferreds, 750 of the Minnesota 2016 preferreds and 300 of the Colorado 2016 preferreds outstanding.

The redemptions are subject to the completion of the sale of newly issued preferred securities.

Delaware Investments is an asset management firm based in Philadelphia.

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