Delaware Investments(R) Global Dividend and Income Fund, Inc. Announces Expiration...

Delaware Investments(R) Global Dividend and Income Fund, Inc. Announces
Expiration of Tender Offer

PHILADELPHIA, June 29 /PRNewswire-FirstCall/ -- Delaware Investments Global
Dividend and Income Fund, Inc. (NYSE: DGF) (the "Fund"), a closed-end
management investment company, today announced the preliminary results of its
tender offer for up to 259,528 shares of its common stock representing up to
five percent of its issued and outstanding shares of common stock. The offer
expired at 11:59 p.m., New York City time, on Friday, June 26, 2009. Based on
current information, approximately 448,690.0000 shares of common stock, or
approximately 8.6443% percent of the Fund's common stock outstanding, were
tendered through the expiration date. This total includes shares tendered
pursuant to notices of guaranteed delivery. Because the number of shares
tendered exceeded 259,528 shares, the number of shares that will be purchased
by the Fund will be pro-rated based on the number of shares properly tendered
by each shareholder. No more than a total of 259,528 properly tendered shares
will be accepted for cash payment at a price equal to the Fund's net asset
value ("NAV") as of the close of regular trading on the New York Stock
Exchange on June 29, 2009. The final number of shares validly tendered and
accepted pursuant to the tender offer will be announced at a later date.
Payment for shares tendered and accepted is expected to be sent to tendering
shareholders within approximately ten business days after the expiration date.

The Fund is a diversified, closed-end fund. The primary investment objective
is to seek high current income; capital appreciation is a secondary objective.
The Fund seeks to achieve its objectives by investing, under normal
circumstances, at least 50% of its total assets in income-generating equity
securities, including dividend-paying common stocks, convertible securities,
preferred stocks, and other equity-related securities of U.S. and foreign
issuers. Up to 50% of the Fund's total assets may be invested in
nonconvertible debt securities consisting primarily of government and
high-yield, high-risk corporate bonds of U.S. and foreign issuers.

Under normal market conditions, the Fund will invest: (1) at least 50% of its
total assets in securities of U.S. issuers; and (2) at least 40% of its assets
(including leveraged assets) in securities of non-U.S. issuers, unless market
conditions are not deemed favorable by the manager, in which case the Fund
would invest at least 30% of its assets (including leveraged assets) in
securities of non-U.S. issuers. The Fund may not, however, invest more than
50% of its total assets in the securities of any developed or emerging markets
foreign country.

The Fund utilizes leveraging techniques in an attempt to obtain higher return
for the Fund. There is no assurance that the Fund will achieve its investment
objectives.

In 1995, the Fund implemented a managed distribution policy. 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 then comes from long-term capital gains
to the extent permitted and, if necessary, a return of capital.

About Delaware Investments
Delaware Investments, an affiliate of Lincoln Financial Group, is a
Philadelphia-based diversified asset management firm with more than $110
billion in assets under management as of March 31, 2009. Through a broad
range of managed accounts and portfolios, mutual funds, retirement accounts,
sub-advised funds, and other investment products, Delaware Investments
provides investment services to individual investors and to institutional
investors such as private and public pension funds, foundations, and endowment
funds. Delaware Investments is the marketing name for Delaware Management
Holdings, Inc. and its subsidiaries. For more information on Delaware
Investments, visit the company at www.delawareinvestments.com or for
shareholder related questions, call 800 523-1918. Lincoln Financial Group is
the marketing name for Lincoln National Corporation (NYSE: LNC) and its
affiliates. For more information on Lincoln Financial Group, visit
www.lincolnfinancial.com.

SOURCE Delaware Investments

Ayele Ajavon, +1-215-255-1632, AAjavon@delinvest.com, or Laurel O'Brien,
+1-484-583-1735, Laurel.OBrien@lfg.com, both of Delaware Investments Media
Relations