-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, VpE/2EM8mCMRIn48FfxF/f/pqpSb/zLzxZuO7lVPURvoGHrkWExjTTe6sJZaBPFR ehPJXGaZIZPWb6JleCa0pA== 0000950116-99-001402.txt : 19990723 0000950116-99-001402.hdr.sgml : 19990723 ACCESSION NUMBER: 0000950116-99-001402 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990722 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VOYAGEUR INVESTMENT TRUST CENTRAL INDEX KEY: 0000879342 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: SEC FILE NUMBER: 033-42827 FILM NUMBER: 99668801 BUSINESS ADDRESS: STREET 1: 90 SOUTH SEVENTH ST STREET 2: STE 4400 CITY: MINNEAPOLIS STATE: MN ZIP: 44502-4115 BUSINESS PHONE: 6123767118 MAIL ADDRESS: STREET 1: 90 SOUTH SEVENTH ST STREET 2: STE 4400 CITY: MINNEAPOLIS STATE: MN ZIP: 44502-4115 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VOYAGEUR TAX FREE FUNDS INC CENTRAL INDEX KEY: 0000733362 STANDARD INDUSTRIAL CLASSIFICATION: [] FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: SEC FILE NUMBER: 002-87910 FILM NUMBER: 99668802 BUSINESS ADDRESS: STREET 1: 90 SOUTH SEVENTH STREET STREET 2: SUITE 4400 CITY: MINNEAPOLIS STATE: MN ZIP: 55402 BUSINESS PHONE: 6123767000 MAIL ADDRESS: STREET 1: 90 SOUTH SEVENTH STREET STREET 2: SUITE 4400 CITY: MINNEAPOLIS STATE: MN ZIP: 55402 FORMER COMPANY: FORMER CONFORMED NAME: VOYAGEUR MINNESOTA TAX FREE FUNDS INC DATE OF NAME CHANGE: 19910226 FORMER COMPANY: FORMER CONFORMED NAME: DOUBLE EXEMPT FLEX FUND INC DATE OF NAME CHANGE: 19900131 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VOYAGEUR MUTUAL FUNDS INC CENTRAL INDEX KEY: 0000906236 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 411756458 STATE OF INCORPORATION: MN FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 497 SEC ACT: SEC FILE NUMBER: 033-63238 FILM NUMBER: 99668803 BUSINESS ADDRESS: STREET 1: 90 SOUTH SEVENTH ST STREET 2: STE 4400 CITY: MINNEAPOLIS STATE: MN ZIP: 55402-4115 BUSINESS PHONE: 6123767129 MAIL ADDRESS: STREET 1: 90 SOUTH SEVENTH ST STREET 2: STE 4400 CITY: MINNEAPOLIS STATE: MN ZIP: 55402-4115 497 1 497 July 22, 1999 VOYAGEUR INVESTMENT TRUST Delaware-Voyageur Tax-Free Florida Fund Delaware-Voyageur Tax-Free Missouri Insured Fund Delaware-Voyageur Tax-Free Washington Insured Fund VOYAGEUR MUTUAL FUNDS, INC. Delaware-Voyageur Tax-Free Arizona Fund Delaware-Voyageur Tax-Free California Fund Delaware-Voyageur Minnesota High Yield Municipal Bond Fund VOYAGEUR TAX FREE FUNDS, INC. Delaware-Voyageur Tax-Free North Dakota Fund Supplement to the current Prospectus dated December 29, 1998 (as revised December 30, 1998) The following revises the fee table and expense example appearing under Summary of Expenses on pages 4-9 for each Fund listed above:
SUMMARY OF EXPENSES Delaware-Voyageur Annual Fund Operating Expenses Total Fund Management Funds (as a Percentage of Average Net Assets) Operating Fees Without After Fee Waivers and Payment Arrangements Expenses Voluntary Without Waiver and Voluntary Payment Waiver and Payment ---------------------------------------------------------------- Management Fee 12b-1 Fee Other Expenses Total Fund Operating Expenses - ------------------- ---------------- --------------- --------------- --------------- --------------- ---------------- Tax-Free Arizona Class A 0.18%(1) 0.25% 0.32% 0.75%(1) 1.12% 0.55% Class B 0.18(1) 1.00 0.32 1.50(1) 1.86 0.55 Class C 0.18(1) 1.00 0.32 1.50(1) 1.86 0.55 Tax-Free California Class A 0.00%(2) 0.25% 0.25% 0.50%(2) 1.12% 0.55% Class B 0.00(2) 1.00 0.25 1.25(2) 1.87 0.55 Class C 0.00(2) 1.00 0.25 1.25(2) 1.87 0.55 Tax-Free Florida Class A 0.15%(2) 0.25% 0.35% 0.75%(2) 1.15% 0.55% Class B 0.15(2) 1.00 0.35 1.50(2) 1.90 0.55 Class C 0.15(2) 1.00 0.35 1.50(2) 1.90 0.55 Minnesota High Yield Municipal Bond Fund Class A 0.20%(2) 0.25% 0.30% 0.75%(2) 1.10% 0.55% Class B 0.20(2) 1.00 0.30 1.50(2) 1.85 0.55 Class C 0.20(2) 1.00 0.30 1.50(2) 1.85 0.55 Tax-Free Missouri Insured Class A 0.50%(3) 0.25% 0.27% 1.02%(3) N/A N/A Class B 0.50(3) 1.00 0.27 1.77(3) N/A N/A Class C 0.50(3) 1.00 0.27 1.77(3) N/A N/A Tax-Free North Dakota Class A 0.55%(3) 0.25% 0.40% 1.20%(3) N/A N/A Class B 0.55(3) 1.00 0.40 1.95(3) N/A N/A Class C 0.55(3) 1.00 0.40 1.95(3) N/A N/A Tax-Free Washington Insured Class A 0.00%(2) 0.25% 0.35% 0.60%(2) 1.34% 0.50% Class B 0.00(2) 1.00 0.35 1.35(2) 2.09 0.50 Class C 0.00(2) 1.00 0.35 1.35(2) 2.09 0.50
- ------------------- (1) The Manager has contracted to waive that portion, if any, of the annual management fees payable by Tax-Free Arizona Fund and to pay that Fund's expenses to the extent necessary to ensure that the Fund's total operating expenses (exclusive of taxes, interest expense, brokerage fees and commissions) do not exceed, on an annualized basis, the amounts noted above corresponding to the caption "Total Fund Operating Expenses" from July 22, 1999 through June 30, 2000. Prior to July 22, 1999, the Manager's commitments of waiver and payment were different from those currently in effect for the Fund. The Annual Operating Expenses for the Fund have been restated using the current fees and operating expenses that would have been applicable had they been in effect during the last fiscal year. The Manager may waive any or all of its fee and may pay certain expenses of the Fund from time to time. See Expenses under Management of the Funds in the Prospectus for a discussion of the waivers. (2) The Manager has elected voluntarily to waive that portion, if any, of the annual management fees payable by the Fund and to pay the Fund's expenses to the extent necessary to ensure that the Fund's total operating expenses (exclusive of 12b-1 Plan Expenses, taxes, interest, expenses, brokerage fees and commissions) do not exceed, on an annualized basis, the amounts noted above corresponding to the caption "Total Fund Operating Expenses" from July 22, 1999 through December 31, 1999. Prior to July 22, 1999, the Manager's commitments of waiver and payment were different from those currently in effect for the Funds. The Annual Operating Expenses for the Fund have been restated using the current fees and operating expenses that would have been applicable had they been in effect during the last fiscal year. The Manager may waive any or all of its fee and may pay certain expenses of the Fund from time to time. See Expenses under Management of the Funds in the Prospectus for a discussion of the waivers. (3) The Manager had elected voluntarily to waive that portion, if any, of the annual management fees payable by the Fund and to pay the Fund's expenses to the extent necessary to ensure that the Fund's total operating expenses (exclusive of 12b-1 Plan Expenses, taxes, interest, expenses, brokerage fees and commissions) do not exceed, on an annualized basis, 0.75% of the average daily net assets of the Fund from January 1, 1999 through July 22, 1999. The Manager has not elected to extend this voluntary waiver. The Annual Operating Expenses for each Fund have been restated using the current fees and operating expenses that would have been applicable had they been in effect during the last fiscal year. The Manager may waive any or all of its fee and may pay certain expenses of the Fund from time to time. See Expenses under Management of the Funds in the Prospectus for a discussion of the waivers. The following revises information under the example of expenses on pages 8-9 for each Fund listed below:
Assuming Redemption Assuming No Redemption 1 Year 3 Years 5 Years 10 Years 1 Year 3 Years 5 Years 10 Years ------ ------- ------- -------- ------ ------- ------- -------- Tax-Free Arizona Class A $ 45(1) $61 $ 78 $ 127 $45 $61 $78 $127 Class B 55 77 102 159(2) 15 47 82 159(2) Class C 25 47 82 179 15 47 82 179 Tax-Free California Class A 42(1) 53 64 98 42 53 64 98 Class B 53 70 89 130(2) 13 40 69 130(2) Class C 23 40 69 151 13 40 69 151 Tax-Free Florida Class A $ 45(1) $61 $ 78 $ 127 $45 $61 $78 $127 Class B 55 77 102 159(2) 15 47 82 159(2) Class C 25 47 82 179 15 47 82 179 Minnesota High Yield Municipal Bond Class A $ 45(1) $61 $ 78 $ 127 $45 $61 $78 $ 127 Class B 55 77 102 159(2) 15 47 82 159(2) Class C 25 47 82 179 15 47 82 179 Tax-Free Missouri Insured Class A $ 48(1) 69 92 158 48 69 92 158 Class B 58 86 116 189(2) 18 56 96 189(2) Class C 28 56 96 208 18 56 96 208 Tax-Free North Dakota Class A 49(1) 74 101 178 49 74 101 178 Class B 60 91 125 208(2) 20 61 105 208(2) Class C 30 61 105 228 20 61 105 227 Tax-Free Washington Insured Class A 43(1) 56 70 110 43 6 70 100 Class B 54 73 94 142(2) 14 43 94 142(2) Class C 24 43 74 162 14 43 74 162
(1) Generally, no redemption charge is assessed upon redemption of Class A Shares. Under certain circumstances, however, a Limited CDSC or other CDSC, which has not been reflected in this calculation, may be imposed on certain redemptions. See Contingent Deferred Sales Charge for Certain Redemptions of Class A Shares Purchased at Net Asset Value under Redemption and Exchange in the Prospectus. (2) At the end of approximately eight years after purchase, Class B Shares will be automatically converted into Class A Shares of the same Fund. The example above assumes conversion of Class B Shares at the end of the eighth year. However, the conversion may occur as late as three months after the eighth anniversary of purchase, during which time the higher 12b-1 Plan fees payable by Class B Shares will continue to be assessed. The ten-year expense numbers for Class B Shares reflect the expenses of Class B Shares for years one through eight and the expenses of Class A Shares for years nine and ten. See Automatic Conversion of Class B Shares under Classes of Shares in the Prospectus for a description of the automatic conversion feature. -----END PRIVACY-ENHANCED MESSAGE-----