Delaware Investments Launches New Collective Trust Products
PHILADELPHIA, PA, September 10, 2007 -- Delaware Investments announced that it has partnered with AST Capital Trust to launch four collective trust funds ("Collective Trust"). Collective trust funds are pooled investment vehicles offering diversification, professional management, and investment flexibility to investors participating in qualified plans.
AST Capital Trust Company, one of the largest independent trust companies in America, will serve as trustee for the new products. The collective trusts will be available as investment options on AST's and other third party retirement plan provider's platforms.
"We are pleased to partner with a company such as AST to offer these products that are specifically designed to meet client needs in the currently evolving retirement landscape," said Ted Smith, executive vice president of Retail Product Sales and Marketing. "We believe that this is a great opportunity to expand our offerings to the retirement space as part of Lincoln Financial Group's focus on retirement income security."
"These products are important additions to the Delaware Investments product line up," said Christopher McCarthy, vice president of Sub-Advisory Sales and Services. "We believe that Collective Trusts will continue to gain traction in the market and working with AST was important to us because of their strong track record in this area."
The AST Collective Trusts offerings that Delaware Investments will manage include: Delaware High-Yield Fund, Delaware Large Cap Value Fund, Delaware International Equity Fund and Delaware REIT Trust.
An investor should consider the investment objectives, risks, and charges and expenses of the investment carefully before investing. The Collective Trust disclosure statements contain this and other important information about the Collective Trusts.
The Collective Trusts are not registered as investment companies under the Investment Company Act of 1940. Investments in the Collective Trusts are governed by the AST Capital Trust Company Collective Investment Trust. Investments in the Collective Trusts are not insured by any bank, the FDIC or any other government entity.
Investing involves market risk, including the possible loss of principal. There is no assurance that the stated investment objective of a Collective Trust will be achieved.
The decision to invest should be carefully considered. Please read participation materials carefully before investing.
About Delaware Investments
Delaware Investments, an affiliate of Lincoln Financial Group, is a Philadelphia-based diversified asset management firm with more than $164 billion in assets under management as of June 30, 2007. Through a broad range of managed accounts and portfolios, mutual funds, retirement accounts, sub- advised funds, education savings plans 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 http://www.delawareinvestments.com. Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE: LNC) and its affiliates. For more information on Lincoln Financial Group, visit http://www.lfg.com.
About AST Capital Trust Company
AST Capital Trust Company is a Delaware State chartered trust company with operations in Wilmington, DE and Phoenix, AZ. An affiliate of American Stock Transfer & Trust Company, the country's largest independent stock transfer company, AST Capital Trust was originally chartered in 1900. The company provides directed trustee, trust administration and back-office services to retirement plans, individuals, families, companies, foundations, organizations and financial institutions. AST Capital Trust works exclusively with professional advisors to help end-clients achieve financial goals by utilizing trust strategies and the benefits of Delaware law. AST Capital Trust is one of the largest independent trust companies in the U.S. and administers over $21 billion in trust assets. For more information please visit http://www.astcapitaltrust.com.
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