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Lincoln National Income Fund Declares Quarterly Dividend PHILADELPHIA, July 6 /PRNewswire-FirstCall/ -- The Board of Directors of Lincoln National Income Fund, Inc. (NYSE:LND) has declared a quarterly dividend of 36.3 cents per share on its common stock. The dividend is payable on July 30, 2004 to shareholders of record on July 16, 2004. The dividend consists of 21 cents per share of ordinary income, 12.7 cents per share of short-term capital gains and 2.6 cents per share of long-term capital gains (subject to the 15% federal income tax rate). Lincoln National Income Fund is a closed-end, diversified investment management company managed by Delaware Management Company. Delaware Management Company is a series of Delaware Management Business Trust, a wholly owned subsidiary of Lincoln National Corporation. The Fund's primary objective is to produce increasing dollar amounts of income for distribution to its shareholders over the long term. Net assets under management as of June 30, 2004 were approximately $137.7 million. DATASOURCE: Delaware Investments CONTACT: Thomas C. Gariepy, Delaware Investments, +1-215-255-1495 Web site: http://www.delawareinvestments.com/

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