Ivy High Income Opportunities Fund Announces Special Shareholder Meeting Results
April 01 2021 - 4:54PM
Business Wire
Ivy High Income Opportunities Fund (NYSE: IVH) (the “Fund”)
today announced the results of its Special Shareholder Meetings
held on April 1, 2021. At those Special Meetings, Fund shareholders
approved the following proposals:
1.
To elect the Trustee nominees named in the
accompanying proxy statement: Joseph Harroz, Jr., Ann D. Borowiec,
Jerome D. Abernathy, Janet L. Yeomans and John A. Fry for Class I;
Sandra A.J. Lawrence, Shawn K. Lytle, Thomas L. Bennett and Thomas
K. Whitford for Class II; and H. Jeffrey Dobbs, Frances A.
Sevilla-Sacasa, Christianna Wood and Joseph W. Chow for Class III,
to hold office until the Fund’s 2023, 2021, and 2022 annual
meeting, respectively, or until their respective successors are
elected and duly qualified.
2.
To approve a new investment advisory
agreement for the Fund.
3.
To approve sub-advisory agreements between
Delaware Management Company, a series of Macquarie Investment
Management Business Trust, and each of Macquarie Investment
Management Austria Kapitalanlage AG, Macquarie Investment
Management Global Limited and Macquarie Investment Management
Europe Limited.
On December 2, 2020, Waddell & Reed Financial, Inc. (“WDR”),
the parent company of Ivy Investment Management Company, the
investment adviser of the Ivy Funds, and Macquarie Management
Holdings, Inc., the U.S. holding company for Macquarie Group
Limited’s U.S. asset management business (“Macquarie”), announced
that they had entered into an agreement whereby Macquarie would
acquire the investment management business of WDR (the
“Transaction”). The Transaction is anticipated to close on or about
April 30, 2021. After closing, the Fund, as part of Delaware Funds
by Macquarie, will be managed by Delaware Management Company.
The Fund’s investment objective is to seek to provide total
return through a combination of a high level of current income and
capital appreciation. The Fund seeks to achieve its investment
objective by investing primarily in a portfolio of high yield
corporate bonds of varying maturities and other fixed income
instruments of predominantly corporate issuers, including first-
and second-lien secured loans. There can be no assurance that the
Fund will achieve its investment objective.
The Fund is a non-diversified, closed-end management investment
company. The price of the Fund’s shares will fluctuate with market
conditions and other factors. Closed-end funds frequently trade at
a discount from their net asset values (NAVs), which may increase
an investor’s risk of loss. At the time of sale, shares may have a
market price that is below NAV, and may be worth less than the
original investment upon their sale. The Fund’s investments in
below investment grade securities (commonly referred to as “high
yield securities” or “junk bonds”) may carry a greater risk of
nonpayment of interest or principal than higher rated bonds. Loans
(including loan assignments, loan participations and other loan
instruments) carry other risks, including the risk of insolvency of
the lending bank or other intermediary. Loans may be unsecured or
not fully collateralized, may be subject to restrictions on resale
and sometimes trade infrequently on the secondary market.
An investment in the Fund is not appropriate for all investors
and is not intended to be a complete investment program. The Fund
is designed as a long-term investment and not as a trading
vehicle.
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version on businesswire.com: https://www.businesswire.com/news/home/20210401005915/en/
Mike Daley Vice President – Chief Accounting Officer &
Investor Relations (913) 236-1795
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