S. The ex-dividend date will be February 9, 2005. For more
information about the company, visit http://www.

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59 percent based on the
market value of the Fund's shares on January 31, 2005. and its subsidiaries.S.
Delaware Investments is a part of Lincoln Financial Group, the marketing
name for Lincoln National Corporation and its affiliates.

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PowerShares' asset management
philosophy and investment discipline are deeply rooted in the application of
intuitive factor analysis and model implementation to enhance investment
decisions. The offer expired at
11:59 p. and foreign issuers.com.

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"With today's offerings, we now
have one of the most comprehensive groups of ETF portfolios in the industry,
providing investors the powerful combination of intelligent stock selection
with the low cost and tax efficiency of an exchange traded fund.

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PHILADELPHIA, Delaware Investments Global
Dividend and Income Fund, Inc.
The Fund is a diversified, closed-end fund. The primary investment
objective is to seek high current income; capital appreciation is a secondary
objective. issuers and at least 20 percent of
its total assets in securities of foreign issuers.
In 1995, the Fund implemented a managed distribution policy.

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"
Both the telecommunications and hardware ETFs are based on Intellidexes,
which are owned and calculated by the Amex.45, the Fund's net
asset value ("NAV") as of 4:00 p.

Includes 'How to' invest .

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Eligible companies are ranked quarterly, based on
criteria including fundamentals, valuation, timeliness and risk factors, and
30 stocks are selected from each of the targeted industry universes based on
their Intellidex model score.

and foreign issuers.S. Delaware Investments provides investment products and
services through a broad range of mutual funds, managed accounts, retirement
plan services, subadvised funds, and college savings plans.

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"
"The American Stock Exchange has been a great partner in supporting
PowerShares' aggressive product rollout during 2005," said Bruce Bond ,
President of PowerShares Capital Management. The Intellidex Indexes are
modified equal dollar weighted indexes designed to objectively identify and
select stocks from a particular market segment that have greater capital
appreciation potential. (the "Fund") (NYSE: DGF), a New York Stock
Exchange -listed closed-end fund trading under the symbol "DGF," today declares
a monthly dividend of 8 cents per share.

Delaware Investments Global Dividend and Income Fund Inc. Announces Final Results of Tender Offer

7 percent of the Fund's common stock outstanding, were tendered and have
been accepted for cash payment at a price equal to $13.

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The Fund seeks to achieve its objectives by investing, under
normal circumstances, at least 50 percent of its total assets in income-
generating equity securities , including dividend-paying common stocks,
convertible securities, preferred stocks, and other equity -related securities
of U.
Under normal market conditions, the Fund will invest at least 50 percent
of its total assets in securities of U.m. The Fund seeks to achieve its objectives by investing , under
normal circumstances, at least 50 percent of its total assets in income-
generating equity securities, including dividend-paying common stocks,
convertible securities, preferred stocks, and other equity-related securities
of U. These products
and services are provided to individual and institutional investors such as
private and public pension funds, foundations, and endowment funds.

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Options on the new ETFs are also available for
trading.
For each of the Industry Group Intellidex Indexes, Revere Data LLC is the
primary resource for identifying companies included in each customized
industry group universe.

New York City time on July 1, 2005.
Following the purchase of the tendered shares, the Fund will have
approximately 5,463,746 shares of common stock outstanding.

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S. exchange-traded
companies that are engaged in the global water industry. The Palisades Water
Index is a modified equal weighted index comprised of companies whose
businesses stand to benefit substantially from the burgeoning global demand
for safe drinking water, environmentally sustainable use, and
industrial process improvement. The primary investment
objective is to seek high current income; capital appreciation is a secondary
objective.S. Delaware Investments is the marketing name for
Delaware Management Holdings, Inc.

Sites aimed at instructing, teaching, offering extensive reviews and/or critiques of investing.

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There is no assurance that the Fund will achieve its investment
objectives. The balance of the dividend then comes from long-term capital gains
and , if necessary, a return of capital.

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PHILADELPHIA, Delaware Investments Global
Dividend and Income Fund, Inc.

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"The year 2005 has been a banner year for PowerShares, and the Amex is
very enthusiastic about its relationship with this unique company," said Cliff
Weber, Senior Vice President of the ETF Marketplace at the Amex., trading options on broad-based and
sector indexes as well as domestic and foreign stocks.
In 1995, the Fund implemented a managed distribution policy.

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American Stock Exchange Lists Four New ETFs From Powershares

All four ETFs seek investment results
that correspond generally to the price and yield, before fees and expenses, of
the index on which they are based .m.
Under normal market conditions, the Fund will invest at least 50 percent
of its total assets in securities of U.

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, New York City time, on Thursday, June 30, 2005.S.

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PowerShares lists 35th ETF at the Amex, becoming the second largest ETF issuer
in the United States

NEW YORK, The American Stock Exchange(R) (Amex(R))
announced today the launch of four new exchange traded funds from PowerShares
Capital Management LLC.
The Water Resources Portfolio is based on the Palisades Water Index, a
modified equal-dollar weighted index comprised of U.

Dividend Declaration: Delaware Investments Global Dividend and Income Fund Inc.

Up to 50 percent of the Fund's total assets may
be invested in non-convertible debt securities consisting primarily of
government and high-yield, high-risk corporate bonds of U. and foreign
issuers.

Delaware Investments is a diversified asset management organization.delawareinvestments.

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The launch of these new funds increases the total number of PowerShares
ETFs now listed at the Amex to 35, and makes the company the second largest
ETF issuer in the United States.

The Value Line Timeliness Portfolio tracks the Value Line Timeliness
Select Portfolio, representing the 50 highest ranking common stocks for
timeliness and safety based on a methodology that employs three merit
indicators: Timeliness (TM), Safety(TM) and Technical Rankings.

About the American Stock Exchange
The American Stock Exchange(R) (Amex(R)) is the only primary exchange that
offers trading across a full range of equities, options and exchange traded
funds (ETFs), including structured products and HOLDRS(SM ).

About Delaware Investments
Delaware Investments, based in Philadelphia, is a diversified asset
management organization with more than $95 billion in assets under management
as of March 31, 2005.

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The Fund is a diversified, closed-end fund.
Based on a count by Mellon Investor Services, LLC, the depositary for the
tender offer, approximately 521,836 shares of common stock , or approximately
8. The balance of the dividend then comes from long-term capital gains
and , if necessary, a return of capital.

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"PowerShares
continues to create new products at a tireless pace, to the benefit of
investors in search of uniquely targeted financial products. The Amex is also one of
the largest options exchanges in the U. This dividend is payable
February 25, 2005 to stockholders of record at the close of business
February 11, 2005. There is no assurance that the Fund will achieve its investment
objectives. Under the
policy, the Fund is managed with a goal of generating as much of the dividend
as possible from ordinary income (net investment income and short-term capital
gains).

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The index is rebalanced each March, June,
September and December . The Fund's
SEC 30-day yield for the month of January 2005 is 2.S.S. issuers and at least 20 percent of
its total assets in securities of foreign issuers. Up to 50 percent of the Fund's total assets may
be invested in non-convertible debt securities consisting primarily of
government and high -yield, high-risk corporate bonds of U.

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In addition to its
role as a national equities market, the Amex is the pioneer of the ETF,
responsible for bringing the first domestic product to market in 1993.

About PowerShares Capital Management LLC
PowerShares Capital Management LLC is an asset management company
committed to theoretically sound portfolio construction and empirically
verifiable investment management approaches. Under the
policy, the Fund is managed with a goal of generating as much of the dividend
as possible from ordinary income (net investment income and short-term capital
gains).
Providing investment products and services to financial intermediaries and
their clients and to institutional investors such as private and public
pension funds, foundations , endowment funds, banks and insurance companies,
Delaware Investments has approximately $93 billion in assets under management
as of September 30, 2004.

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Leading
the industry in ETF listings, the Amex lists 150 ETFs. In addition, the Fund
utilizes leveraging techniques in an attempt to obtain higher return for the
Fund. and foreign
issuers.

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The new PowerShares funds, and their ticker symbols, are: PowerShares
Value Line Timeliness Select Portfolio (Symbol: PIV); PowerShares Water
Resources Portfolio (Symbol: PHO); PowerShares Dynamic Telecommunications +
Wireless Portfolio (Symbol: PTE); PowerShares Dynamic Hardware + Consumer
Electronics Portfolio (Symbol: PHW). In addition , the Fund
utilizes leveraging techniques in an attempt to obtain higher return for the
Fund.

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(NYSE: DGF) (the "Fund"), a closed-end
management investment company, today announced the final results of its tender
offer for up to 598,558 shares of its common stock representing 10 percent of
its issued and outstanding shares of common stock.