Updates regarding the sale of Delaware Investments

Lincoln National Corp. (Lincoln) has entered into an agreement to sell Delaware Management Holdings, Inc. and its subsidiaries (Delaware Investments) to Macquarie Group (Macquarie). Delaware Investments will form a key part of Macquarie Funds Group (MFG), the asset management arm of Macquarie. Lincoln and Delaware Investments will continue to have a strong long-term relationship. As part of the transaction, Delaware Investments will continue managing Lincoln general account insurance assets under a long-term contract on terms similar to current arrangements as well as provide additional sub-advisory services.

Macquarie Group, headquartered in Sydney, Australia, is a global provider of banking, financial, advisory, investment and funds management services. Macquarie was founded in 1969 and operates more than 70 locations in 26 countries. Macquarie employs more than 12,500 people (as of June 30, 2009) and has more than $US190 billion ($A229 billion) in assets under management as of July 31, 2009.

Macquarie Funds Group, the asset management arm of Macquarie, is a full-service fund manager with over 25 years of experience. It offers a diverse range of products for both retail and institutional investors across a variety of asset classes including fixed income, cash, currencies, equities, commodities, emerging markets, listed infrastructure, and listed real estate as well as private equity and hedge fund of funds.

Click here to view Macquarie Group's fact sheet.