Municipal Income Funds: Percentage of interest income subject to AMT
A percentage of the income paid to Delaware Investments Closed-end Municipal Income Funds shareholders may be subject to the federal alternative minimum tax (AMT) that applies to some investors. Your tax advisor can provide more information on the AMT and determine whether this tax applies to you. You'll find the percentage of income subject to the AMT for our closed-end municipal income funds, for calendar year 2011, listed in the table below.
| Delaware Investments Funds |
Percentage of interest income subject to AMT |
|---|---|
| Delaware Investments Arizona Municipal Income Fund, Inc.* | 5.21% |
| Delaware Investments Colorado Municipal Income Fund, Inc. | — |
| Delaware Investments National Municipal Income Fund | 6.12% |
| Delaware Investments Minnesota Municipal Income Fund II, Inc. | 14.14% |
| Source: Delaware Investments | |
* Delaware Investments Arizona Municipal Income Fund, Inc. merged into Delaware Investments National Municipal Income Fund after the close of business on June 17, 2011. The tax information for Delaware Investments Arizona Municipal Income Fund, Inc. is applicable to any shares held in 2011 prior to the date of the merger. If you were a shareholder of Delaware Investments Arizona Municipal Income Fund, Inc. at the time of the merger, you may need to base your calculations on the base rates for both funds. Please consult your tax advisor about your particular situation.
The information contained in the Tax Center is not intended to be legal or tax advice. If you need assistance preparing your tax return, please consult a tax advisor.
Information may be abridged and therefore incomplete. Any discussion pertaining to taxes in this communication (including attachments) may be part of the promotion or marketing of a product. As provided for in government regulations, advice (if any) related to federal taxes that is contained in this communication (including attachments) is not intended or written to be used, and cannot be used, for the purpose of avoiding penalties under the Internal Revenue Code. Individuals should seek advice based on their own particular circumstances from an independent tax advisor.