0001450791-12-000016.txt : 20120209 0001450791-12-000016.hdr.sgml : 20120209 20120209110142 ACCESSION NUMBER: 0001450791-12-000016 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20120209 DATE AS OF CHANGE: 20120209 EFFECTIVENESS DATE: 20120209 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DELAWARE GROUP EQUITY FUNDS II CENTRAL INDEX KEY: 0000027574 IRS NUMBER: 232448660 FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-13017 FILM NUMBER: 12585106 BUSINESS ADDRESS: STREET 1: ONE COMMERCE SQUARE STREET 2: 2005 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19103 BUSINESS PHONE: 18005231918 MAIL ADDRESS: STREET 1: ONE COMMERCE SQUARE STREET 2: 2005 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19103 FORMER COMPANY: FORMER CONFORMED NAME: DELAWARE GROUP EQUITY FUNDS II INC DATE OF NAME CHANGE: 19970730 FORMER COMPANY: FORMER CONFORMED NAME: DELAWARE GROUP DECATUR FUND INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: DECATUR FUND INC DATE OF NAME CHANGE: 19880808 0000027574 S000002392 DELAWARE LARGE CAP VALUE FUND C000006337 DELAWARE LARGE CAP VALUE FUND CLASS A DELDX C000006338 DELAWARE LARGE CAP VALUE FUND CLASS B DEIBX C000006339 DELAWARE LARGE CAP VALUE FUND CLASS C DECCX C000006340 DELAWARE LARGE CAP VALUE FUND CLASS R DECRX C000006341 DELAWARE LARGE CAP VALUE FUND INSTITUTIONAL CLASS DEDIX 497 1 supplement.htm supplement.htm
DELAWARE GROUP® EQUITY FUNDS II
Delaware Large Cap Value Fund

(the “Fund”)

Supplement to the Delaware Large Cap Value Fund’s Prospectuses
dated March 30, 2011

On February 8, 2012, the Board of Trustees approved a proposal to reorganize Delaware Large Cap Value Fund (the "Reorganizing Fund") with and into Delaware Value® Fund (the "Acquiring Fund"), another series of Delaware Group Equity Funds II.

The Reorganizing Fund’s investment objective and policies are similar to those of the Acquiring Fund. Both the Reorganizing Fund and the Acquiring Fund seek long-term capital appreciation by investing primarily in equity securities of large capitalization companies (companies with market capitalizations of $5 billion or greater) that the investment manager believes are undervalued in relation to their intrinsic value, as indicated by multiple factors, including the earnings and cash flow potential or the asset value of the respective issuers.

The Board of Trustees believes that the reorganization will benefit shareholders of the Reorganizing Fund.

Effective as of the close of business on March 9, 2012, the Reorganizing Fund will be closed to new investors. It is anticipated that by the beginning of the second quarter of 2012, Reorganizing Fund shareholders will receive an information statement/prospectus providing them with information about the reorganization and the Acquiring Fund. The reorganization is expected to take place on or about May 11, 2012. Additionally, the Reorganizing Fund will continue to accept purchases from existing shareholders (including reinvested dividends and capital gains) until the last business day before the reorganization.


Investments in the Fund are not and will not be deposits with or liabilities of Macquarie Bank Limited ABN 46 008 583 542 and its holding companies, including their subsidiaries or related companies (the "Macquarie Group"), and are subject to investment risk, including possible delays in repayment and loss of income and capital invested. No Macquarie Group company guarantees or will guarantee the performance of the Fund, the repayment of capital from the Fund, or any particular rate of return.


Please keep this Supplement for future reference.


This Supplement is dated February 9, 2012.