Ivy Funds Liquidating ... Again
A filing for the Delaware Ivy Funds discussing Fund Liquidations tells us, "On May 18-19, 2022, the Boards of Trustees of the ... Ivy Funds unanimously voted and approved a proposal to liquidate the ... Delaware Ivy Government Money Market Fund. As noted in the supplement dated September 14, 2021, on September 13, 2021, the Board of Trustees of the Ivy Funds unanimously voted and approved a proposal to liquidate Delaware Ivy Cash Management Fund, Delaware Ivy ProShares Russell 2000 Dividend Growers Index Fund, Delaware Ivy ProShares Interest Rate Hedged High Yield Index Fund, Delaware Ivy ProShares S&P 500 Bond Index Fund, and Delaware Ivy ProShares MSCI ACWI Index Fund." On the Delaware Ivy Government Money Market Fund, it says the Liquidation Date is "on or about July 22, 2022, and the fund is "closed to new shareholders on or about June 8, 2022." Regarding the "`Delaware Ivy Cash Management Fund," the Liquidation Date is on or about July 22, 2022 and the fund was closed to new shareholders September 30, 2021. The filing also says, "Shareholders may redeem their Fund shares at any time prior to the Liquidation Date.... Under the Funds' right of reinstatement policy, shareholders, including shareholders impacted by the Delaware Ivy Cash Management Fund and Delaware Ivy Government Money Market Fund liquidations, have up to 90 days to buy back into Class A shares of another Fund at net asset value ('NAV') upon reentry and notification to the liquidating Funds' transfer agent or the shareholder's financial intermediary." Finally, a "Share Class Liquidation," discusses "Class E: Delaware Ivy Government Money Market Fund." It adds, "These Share Classes will close to purchases by new investors on or about June 6, 2022 and all sales efforts will cease. Existing shareholders will be able to continue to make purchases until June 8, 2022. The Share Classes will be liquidated on or about June 10, 2022.... Delaware Management Company is an indirect wholly owned subsidiary of Macquarie Group Limited (MGL)." For more, see our Crane Data News pieces: "Delaware Pauses Cash Liquidation" (11/1/21); "Delaware Ivy Cash Funds Liquidating" (10/4/21); and, "Delaware Liquidates Govt Cash Mgmt" (1/11/21).
