Delaware Enhanced Global Dividend and Income Fund Announces Results of the Special Shareholder Meeting Relating to the Proposed Reorganization With abrdn Global Dynamic Dividend Fund and Self-Tender Offer for up to 30% of Its Shares

Special Shareholder Meeting Results

Today, Delaware Enhanced Global Dividend and Income Fund (the "Fund"), a New York Stock Exchange-listed closed-end fund trading under the symbol "DEX", announced that it held its adjourned Special Meeting of Shareholders (the "Meeting") on December 12, 2022. At the Meeting, shareholders of the Fund voted to approve the reorganization of the Fund into abrdn Global Dynamic Dividend Fund (the "Acquiring Fund"), a New York Stock Exchange-listed closed-end fund trading under the symbol "AGD" (the "Reorganization").

As of the record date, August 11, 2022, the Fund had outstanding 10,620,970.682 common shares. 51.97% of outstanding common shares were voted representing quorum.

Reorganization Proposal:

The shareholders of the Acquiring Fund approved the issuance of shares of the Acquiring Fund in connection with the Reorganization at a special shareholder meeting held on November 9, 2022. It is currently expected that the Reorganization will be completed in the first quarter of 2023 subject to the satisfaction of customary closing conditions. Further details on the Reorganization date will be made available in a future press release.

Self-Tender Announcement

Today, the Fund announced that the previously announced potential self-tender offer for up to 30% of its shares will proceed. The Fund's Board has authorized an issuer tender offer to purchase for cash up to 30% (or 3,186,291) of its issued and outstanding common shares, without par value (the "tender offer"). The tender offer will commence on Thursday, January 12, 2023, and will expire, unless extended, at 5:00pm ET, on Friday, February 10, 2023, and purchases will be made at a price per share equal to 98% of the Fund's net asset value per share as of the close of trading on the first business day after the expiration of the tender offer. If more shares are tendered than the amount the Board has authorized to purchase, the Fund will purchase a number of shares equal to the tender offer amount on a pro-rated basis.

The Fund's common shares have recently traded at a discount to their net asset value per share. The current net asset value per share is available on the Fund's website at delawarefunds.com/closed-end.

Delaware Management Company, a series of Macquarie Investment Management Business Trust, is the investment manager of the Fund. Aberdeen Asset Managers Limited is the investment adviser of the Acquiring Fund.

Shareholders are advised to read the offer to purchase when it is available, as it contains important information. The offer to purchase and other documents filed by the Fund with the SEC, including the Fund's annual report for the fiscal year ended November 30, 2021, are or will be available without cost at the SEC's website (sec.gov) or by calling the Fund's Information Agent.

About the Fund

The Fund is a diversified closed-end fund. The Fund's primary investment objective is to seek current income, with a secondary objective of capital appreciation. Under normal market conditions, the Fund invests globally at least 80% of its assets in a combination of dividend-paying or income-generating securities across multiple asset classes, including but not limited to: equity securities of large, well-established companies; securities issued by real estate companies (including real estate investment trusts and real estate industry operating companies); debt securities (such as government bonds; investment grade and high risk, high yield corporate bonds; and convertible bonds); and emerging market securities. The Fund also uses enhanced income strategies by engaging in dividend capture trading; option overwriting; and realization of gains on the sale of securities, dividend growth, and currency forwards. There is no assurance that the Fund will achieve its investment objectives.

Under normal market conditions, the Fund will invest: (1) at most 60% of its net assets in securities of US issuers; (2) at least 40% of its net assets in securities of non-US issuers, unless market conditions are not deemed favorable by the Manager, in which case, the Fund would invest at least 30% of its net assets in securities of non-US issuers; and (3) up to 25% of its net assets in securities issued by real estate companies (including real estate investment trusts and real estate industry operating companies). In addition, the Fund utilizes leveraging techniques in an attempt to obtain higher return for the Fund.

About Macquarie Asset Management

Macquarie Asset Management is a global asset manager that aims to deliver positive impact for everyone. Trusted by institutions, pension funds, governments, and individuals to manage more than $US508 billion in assets globally,¹ we provide access to specialist investment expertise across a range of capabilities including infrastructure, green investments and renewables, real estate, agriculture and natural assets, asset finance, private credit, equities, fixed income and multi asset solutions.

Advisory services are provided by Delaware Management Company, a series of Macquarie Investment Management Business Trust, a registered investment adviser. Macquarie Asset Management is part of Macquarie Group, a diversified financial group providing clients with asset management, finance, banking, advisory and risk and capital solutions across debt, equity, and commodities. Founded in 1969, Macquarie Group employs more than 19,000 people in 33 markets and is listed on the Australian Securities Exchange. For more information about Delaware Funds by Macquarie^®, visit delawarefunds.com or call 800 523-1918.

Other than Macquarie Bank Limited ABN 46 008 583 542 ("Macquarie Bank"), any Macquarie Group entity noted in this press release is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). The obligations of these other Macquarie Group entities do not represent deposits or other liabilities of Macquarie Bank. Macquarie Bank does not guarantee or otherwise provide assurance in respect of the obligations of these other Macquarie Group entities. In addition, if this press release relates to an investment, (a) the investor is subject to investment risk including possible delays in repayment and loss of income and principal invested and (b) none of Macquarie Bank or any other Macquarie Group entity guarantees any particular rate of return on or the performance of the investment, nor do they guarantee repayment of capital in respect of the investment.

¹ As of September 30, 2022

© 2022 Macquarie Management Holdings, Inc.

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