Delaware Ivy High Income Opportunities Fund appoints Adam H. Brown and John P. McCarthy as co-managers

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OVERLAND PARK, Kan .– (COMMERCIAL THREAD) – Today, the Delaware Ivy High Income Opportunities Fund (NYSE: IVH) (the “Fund”), a closed-end fund listed on the New York Stock Exchange and traded under the symbol “IVH”, announced that ‘Effective November 14, 2021, Adam H. Brown and John P. McCarthy will be appointed co-managers of the Fund.

Adam H. Brown, CFA, Managing Director, is Senior Portfolio Manager for the Company’s High Yield Strategies at Macquarie Investment Management Fixed Income (MFI). He manages MFI’s bank loan portfolios and is co-portfolio manager for multi-sector high yield, fixed rate and core plus strategies. Brown joined Macquarie Investment Management in April 2011 as part of the company’s integration into Macquarie Four Corners Capital Management, where he had worked since 2002. At Four Corners, he was co-portfolio manager on secured loan bonds ( CLO) of the company and a senior research analyst supporting non-investment grade portfolios. Prior to that, Brown was with Wells predecessor Fargo Securities, where he worked in the leveraged finance group arranging senior secured bank loans and high yield bond financings for financial sponsors and issuers. companies. He holds an MBA from the AB Freeman School of Business at Tulane University and a BA in Accounting from the University of Florida.

John P. McCarthy, CFA, Managing Director, is Senior Portfolio Manager for Fixed Income Fixed Income (MFI) strategies at Macquarie Investment Management, a role he assumed in July 2016. From December 2012 to June 2016, he was co-responsible for credit research for IMF. McCarthy joined Macquarie Investment Management in March 2007 as a senior research analyst, having worked in the firm’s fixed income area from 1990 to 2000 as a senior high yield analyst and high yield trader. , and from 2001 to 2002 as a municipal bond trader. Prior to joining the company, he was a senior high yield analyst / trader at Chartwell Investment Partners. McCarthy graduated from Babson College with a Bachelor of Business Administration and is a member of the CFA Society of Philadelphia.

The investment objective of the Fund is to seek to provide a total return through a combination of a high level of current income and capital appreciation. The Fund seeks to achieve its investment objective by investing primarily in a portfolio of high yield corporate bonds of variable maturities and other fixed income instruments of primarily corporate issuers, including guaranteed loans. first and second rank. There can be no assurance that the Fund will achieve its investment objective.

The Fund is an undiversified closed-end investment company. The price of the Fund’s shares will fluctuate depending on market conditions and other factors. Closed-end funds frequently trade at a discount to their net asset value (NAV), which can increase an investor’s risk of loss. At the time of sale, shares may have a market price lower than the NAV and may be worth less than the initial investment when they are sold.

The Fund’s investments in lower quality securities (commonly referred to as “high yield securities” or “junk bonds”) may carry a greater risk of default of interest or principal than higher rated bonds. Loans (including loan assignments, participations in loans and other lending instruments) involve other risks, including the risk of insolvency of the lending bank or other intermediary. Loans may be unsecured or not fully secured, may be subject to resale restrictions, and sometimes rarely trade in the secondary market.

An investment in the Fund is not suitable for all investors and is not intended to constitute a complete investment program. The Fund is designed as a long term investment and not as a trading vehicle.

Past performance is no guarantee of future results and future distributions may be different. This distribution or future distributions may also be paid out of net realized gains on portfolio investments, unrealized gains or, in some cases, a return of capital (non-taxable distributions).

About Macquarie Investment Management

Macquarie Investment Management, a member of the Macquarie Group, is a global asset manager with offices in the United States, Europe, Asia and Australia. As active managers, we prioritize autonomy and responsibility at the team level in seeking meaningful opportunities for clients. In the United States, retail investors recognize our Delaware funds® by Macquarie as one of the oldest mutual fund families, with over 90 years of existence. Macquarie Investment Management draws on the resources of Macquarie Group (ASX: MQG; ADR: MQBKY), a global provider of asset management, investment, banking, financial and advisory services.

Advisory services are provided by Macquarie Investment Management Business Trust, a registered investment adviser. Macquarie Group means Macquarie Group Limited and its subsidiaries and affiliates worldwide. Investment policies, management fees, risks other than those mentioned above and other matters of interest to potential investors can be found in the prospectus of the closed fund used in its initial public offering. For more information, contact the Delaware Ivy Funds sales office at 1-877-693-3546.

With the exception of Macquarie Bank Limited (MBL), none of the entities mentioned in this document is an authorized deposit institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). The obligations of these entities do not represent deposits or other liabilities of MBL, a subsidiary of Macquarie Group Limited and an affiliate of Macquarie Investment Management. MBL does not guarantee or provide any assurance regarding the obligations of these entities, unless otherwise stated.

© 2021 Macquarie Management Holdings, Inc.


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