Dividend Declaration: Delaware Investments(R) Municipal Income Funds Announce Dividends

Dividend Declaration: Delaware Investments(R) Municipal Income Funds Announce
Dividends

PHILADELPHIA, Oct. 5 /PRNewswire-FirstCall/ -- Today, the following four
Delaware Investments municipal income funds, all closed-end management
investment companies, declare their monthly income dividends: Delaware
Investments Arizona Municipal Income Fund, Inc., Delaware Investments Colorado
Municipal Income Fund, Inc., Delaware Investments National Municipal Income
Fund, and Delaware Investments Minnesota Municipal Income Fund II, Inc.
(together, the "Funds"). The investment objective of each Fund, other than
Delaware Investments National Municipal Income Fund, is to provide current
income exempt from federal income tax and from the personal income tax of its
state, if any, consistent with the preservation of capital. The investment
objective of Delaware Investments National Municipal Income Fund is to provide
current income exempt from regular federal income tax consistent with the
preservation of capital. In addition, each Fund has the ability to utilize
leveraging techniques in an attempt to obtain a higher return for the Fund. At
present, the Funds do not have any outstanding leverage.

The following dates apply to today's dividend announcement:

Declaration date: 10/2/2009
Ex-date: 10/14/2009
Record date: 10/16/2009
Payable date: 10/30/2009

The dividend distributions(1) are as follows:

FUND Dividend per
Share
-------------------------- --------------
Delaware Investments
Arizona Municipal Income
Fund, Inc. (VAZ)(2) $0.040000
Delaware Investments
Colorado Municipal Income
Fund, Inc. (VCF)(3) $0.047500
Delaware Investments National
Municipal Income Fund (VFL) $0.042500
Delaware Investments
Minnesota Municipal Income
Fund II, Inc. (VMM)(4) $0.047500

(1) The dividends are exempt from federal income tax.
(2) The dividend is exempt from Arizona state personal income tax.
(3) The dividend is exempt from Colorado state personal income tax.
(4) The dividend is exempt from Minnesota state personal income tax.

About Delaware Investments:
Delaware Investments, an affiliate of Lincoln Financial Group, is a
Philadelphia-based diversified asset management firm with more than $120
billion in assets under management as of June 30, 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 Media Relations of Delaware
Investments