Ivy High Income Opportunities Fund Announces Results of Special Meeting of Shareholders


Enter Wall Street with StreetInsider Premium. Claim your 1-week free trial here.


OVERLAND PARK, Kan. – (BUSINESS WIRE) – Ivy High Income Opportunities Fund (NYSE: IVH) (the “Fund”) today announced the results of its extraordinary meetings of shareholders held on April 1, 2021. At these extraordinary meetings, the shareholders of the Fund approved the following proposals:

1.

To elect the Trustees named in the attached proxy statement: Joseph Harroz, Jr., Ann D. Borowiec, Jerome D. Abernathy, Janet L. Yeomans and John A. Fry for Class I; Sandra AJ Lawrence, Shawn K. Lytle, Thomas L. Bennett and Thomas K. Whitford for Class II; and H. Jeffrey Dobbs, Frances A. Sevilla-Sacasa, Christianna Wood and Joseph W. Chow for Category III, until the annual meeting of the Fund in 2023, 2021 and 2022, respectively, or until their respective successors are elected and duly qualified.

2.

Approve a new investment advisory agreement for the Fund.

3.

Approve sub-advisory agreements between Delaware Management Company, a series of Macquarie Investment Management Business Trust, and each of Macquarie Investment Management Austria Kapitalanlage AG, Macquarie Investment Management Global Limited and Macquarie Investment Management Europe Limited.

On December 2, 2020, Waddell & Reed Financial, Inc. (“WDR”), the parent company of Ivy Investment Management Company, the investment advisor to the Ivy Funds, and Macquarie Management Holdings, Inc., the US holding company of Macquarie The US asset management business of Group Limited (“Macquarie”) has announced that it has entered into an agreement whereby Macquarie will acquire the investment management business of WDR (the “Transaction”). The transaction is expected to close on or around April 30, 2021. After closing, the Fund, within the framework of Delaware Funds by Macquarie, will be managed by Delaware Management Company.

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, be subject to resale restrictions, and sometimes trade infrequently 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.

Mike Daley

Vice-President – Head of Accounting and Investor Relations

(913) 236-1795

Source: Ivy High Income Opportunities Fund

About Michael Bill

Check Also

Consumer Financial Protection Bureau plans to suspend foreclosures until 2021

The Consumer Financial Protection Bureau said on Monday it was considering new rules to avoid …

Leave a Reply

Your email address will not be published.