-----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, Cvsw9hVFlvXA/so2DmsDeFo8Uh0cr7DDkg/4ybJceCe2amdjZUGc/0qi4VhZ4Hwl qhGxp1UlEo7mzMg9xfp0iA== 0001206774-07-001592.txt : 20070620 0001206774-07-001592.hdr.sgml : 20070620 20070620123223 ACCESSION NUMBER: 0001206774-07-001592 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070620 DATE AS OF CHANGE: 20070620 EFFECTIVENESS DATE: 20070620 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VOYAGEUR TAX FREE FUNDS CENTRAL INDEX KEY: 0000733362 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-87910 FILM NUMBER: 07930662 BUSINESS ADDRESS: STREET 1: 90 SOUTH SEVENTH STREET STREET 2: SUITE 4400 CITY: MINNEAPOLIS STATE: MN ZIP: 55402 BUSINESS PHONE: 2152552127 MAIL ADDRESS: STREET 1: 90 SOUTH SEVENTH STREET STREET 2: SUITE 4400 CITY: MINNEAPOLIS STATE: MN ZIP: 55402 FORMER COMPANY: FORMER CONFORMED NAME: VOYAGEUR TAX FREE FUNDS INC DATE OF NAME CHANGE: 19920703 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 INSURED FUNDS CENTRAL INDEX KEY: 0000809064 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-11235 FILM NUMBER: 07930666 BUSINESS ADDRESS: STREET 1: ONE COMMERCE SQUARE STREET 2: 2005 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19103 BUSINESS PHONE: (215) 2155-2127 MAIL ADDRESS: STREET 1: ONE COMMERCE SQUARE STREET 2: 2005 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19103 FORMER COMPANY: FORMER CONFORMED NAME: VOYAGEUR INSURED FUNDS INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: VOYAGEUR MINNESOTA INSURED FUNDS INC DATE OF NAME CHANGE: 19910926 FORMER COMPANY: FORMER CONFORMED NAME: MINNESOTA INSURED FUND INC DATE OF NAME CHANGE: 19900131 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VOYAGEUR MUTUAL FUNDS II CENTRAL INDEX KEY: 0000809872 IRS NUMBER: 841044878 STATE OF INCORPORATION: DE FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-11495 FILM NUMBER: 07930663 BUSINESS ADDRESS: STREET 1: ONE COMMERCE SQUARE STREET 2: 2005 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19103 BUSINESS PHONE: (215) 255-2127 MAIL ADDRESS: STREET 1: ONE COMMERCE SQUARE STREET 2: 2005 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19103 FORMER COMPANY: FORMER CONFORMED NAME: VOYAGEUR MUTUAL FUNDS INC-II DATE OF NAME CHANGE: 19940328 FORMER COMPANY: FORMER CONFORMED NAME: VOYAGEUR COLORADO TAX FREE FUND INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: COLORADO DOUBLE TAX EXEMPT FUND INC DATE OF NAME CHANGE: 19900625 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DELAWARE INVESTMENTS MUNICIPAL TRUST CENTRAL INDEX KEY: 0000879342 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-42827 FILM NUMBER: 07930661 BUSINESS ADDRESS: STREET 1: ONE COMMERCE SQUARE STREET 2: 2005 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19103 BUSINESS PHONE: (215) 255-2127 MAIL ADDRESS: STREET 1: ONE COMMERCE SQUARE STREET 2: 2005 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19103 FORMER COMPANY: FORMER CONFORMED NAME: VOYAGEUR INVESTMENT TRUST DATE OF NAME CHANGE: 19921215 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VOYAGEUR INTERMEDIATE TAX FREE FUNDS CENTRAL INDEX KEY: 0000773675 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-99266 FILM NUMBER: 07930665 BUSINESS ADDRESS: STREET 1: ONE COMMERCE SQUARE STREET 2: 2005 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19103 BUSINESS PHONE: (215) 255-2127 MAIL ADDRESS: STREET 1: ONE COMMERCE SQUARE STREET 2: 2005 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19103 FORMER COMPANY: FORMER CONFORMED NAME: VOYAGEUR INTERMEDIATE TAX FREE FUNDS INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: VOYAGEUR MINNESOTA INTERMEDIATE TAX FREE FUNDS INC DATE OF NAME CHANGE: 19920305 FORMER COMPANY: FORMER CONFORMED NAME: DOUBLE EXEMPT CAPITAL CONSERVATION FUND INC DATE OF NAME CHANGE: 19900131 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VOYAGEUR MUTUAL FUNDS CENTRAL INDEX KEY: 0000906236 IRS NUMBER: 411756458 STATE OF INCORPORATION: DE FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-63238 FILM NUMBER: 07930664 BUSINESS ADDRESS: STREET 1: 90 SOUTH SEVENTH ST STREET 2: STE 4400 CITY: MINNEAPOLIS STATE: MN ZIP: 55402-4115 BUSINESS PHONE: 2152552127 MAIL ADDRESS: STREET 1: 90 SOUTH SEVENTH ST STREET 2: STE 4400 CITY: MINNEAPOLIS STATE: MN ZIP: 55402-4115 FORMER COMPANY: FORMER CONFORMED NAME: VOYAGEUR MUTUAL FUNDS INC DATE OF NAME CHANGE: 19930714 0000733362 S000002418 DELAWARE TAX-FREE MINNESOTA FUND C000006427 DELAWARE TAX-FREE MINNESOTA FUND CLASS A DEFFX C000006428 DELAWARE TAX-FREE MINNESOTA FUND CLASS B DMOBX C000006429 DELAWARE TAX-FREE MINNESOTA FUND CLASS C DMOCX 0000773675 S000002408 DELAWARE TAX-FREE MINNESOTA INTERMEDIATE FUND C000006398 DELAWARE TAX-FREE MINNESOTA INTERMEDIATE FUND CLASS A DXCCX C000006399 DELAWARE TAX-FREE MINNESOTA INTERMEDIATE FUND CLASS B DVSBX C000006400 DELAWARE TAX-FREE MINNESOTA INTERMEDIATE FUND CLASS C DVSCX 0000809064 S000002406 DELAWARE TAX-FREE ARIZONA INSURED FUND C000006392 DELAWARE TAX-FREE ARIZONA INSURED FUND CLASS A VAZIX C000006393 DELAWARE TAX-FREE ARIZONA INSURED FUND CLASS B DVABX C000006394 DELAWARE TAX-FREE ARIZONA INSURED FUND CLASS C DVACX 0000809064 S000002407 DELAWARE TAX-FREE MINNESOTA INSURED FUND C000006395 DELAWARE TAX-FREE MINNESOTA INSURED FUND CLASS A MNINX C000006396 DELAWARE TAX-FREE MINNESOTA INSURED FUND CLASS B DVMBX C000006397 DELAWARE TAX-FREE MINNESOTA INSURED FUND CLASS C DVMCX 0000809872 S000002417 DELAWARE TAX-FREE COLORADO FUND C000006424 DELAWARE TAX-FREE COLORADO FUND CLASS A VCTFX C000006425 DELAWARE TAX-FREE COLORADO FUND CLASS B DVBTX C000006426 DELAWARE TAX-FREE COLORADO FUND CLASS C DVCTX 0000879342 S000002409 DELAWARE TAX-FREE FLORIDA INSURED FUND C000006401 DELAWARE TAX-FREE FLORIDA INSURED FUND CLASS A VFLIX C000006402 DELAWARE TAX-FREE FLORIDA INSURED FUND CLASS B DVDBX C000034367 DELAWARE TAX-FREE FLORIDA INSURED FUND CLASS C 0000906236 S000002412 DELAWARE MINNESOTA HIGH-YIELD MUNICIPAL BOND FUND C000006409 DELAWARE MINNESOTA HIGH-YIELD MUNICIPAL BOND FUND CLASS A DVMHX C000006410 DELAWARE MINNESOTA HIGH-YIELD MUNICIPAL BOND FUND CLASS B DVMYX C000006411 DELAWARE MINNESOTA HIGH-YIELD MUNICIPAL BOND FUND CLASS C DVMMX 0000906236 S000002414 DELAWARE TAX-FREE CALIFORNIA FUND C000006415 DELAWARE TAX-FREE CALIFORNIA FUND CLASS A DVTAX C000006416 DELAWARE TAX-FREE CALIFORNIA FUND CLASS B DVTFX C000006417 DELAWARE TAX-FREE CALIFORNIA FUND CLASS C DVFTX 0000906236 S000002415 DELAWARE TAX-FREE IDAHO FUND C000006418 DELAWARE TAX-FREE IDAHO FUND CLASS A VIDAX C000006419 DELAWARE TAX-FREE IDAHO FUND CLASS B DVTIX C000006420 DELAWARE TAX-FREE IDAHO FUND CLASS C DVICX 0000906236 S000002416 DELAWARE TAX-FREE NEW YORK FUND C000006421 DELAWARE TAX-FREE NEW YORK FUND CLASS A FTNYX C000006422 DELAWARE TAX-FREE NEW YORK FUND CLASS B DVTNX C000006423 DELAWARE TAX-FREE NEW YORK FUND CLASS C DVFNX 497 1 delmultiplesai_497.htm DEFINITIVE MATERIALS scratch.pdf -- Converted by SECPublisher 4.0, created by BCL Technologies Inc., for SEC Filing

DELAWARE INVESTMENTS MUNICIPAL TRUST
(formerly, VOYAGEUR INVESTMENT TRUST)
Delaware Tax-Free Florida Insured Fund

VOYAGEUR INSURED FUNDS
Delaware Tax-Free Arizona Fund
(formerly, Delaware Tax-Free Arizona Insured Fund)
Delaware Tax-Free Minnesota Insured Fund

VOYAGEUR INTERMEDIATE TAX-FREE FUNDS
Delaware Tax-Free Minnesota Intermediate Fund

VOYAGEUR MUTUAL FUNDS
Delaware Minnesota High-Yield Municipal Bond Fund
Delaware Tax-Free California Fund
Delaware Tax-Free Idaho Fund
Delaware Tax-Free New York Fund

VOYAGEUR MUTUAL FUNDS II
Delaware Tax-Free Colorado Fund

VOYAGEUR TAX-FREE FUNDS
Delaware Tax-Free Minnesota Fund

(each, a “Fund” and collectively, the “Funds”)

Supplement to the Funds’ Statement of Additional Information
dated January 3, 2007

The following is added after the paragraph entitled, “Zero Coupon Bonds and Pay-in-Kind Bonds” in the section entitled, “INVESTMENT STRATEGIES AND RISKS” on page 18:

Pending Case Regarding Tax-Exempt Securities
     The U.S. Supreme Court has recently agreed to hear Davis v. Dept. of Revenue during its 2007-2008 term, the outcome of which could have a significant effect on all single-state municipal bond mutual funds (“Single-State Municipal Bond Funds”), including the Funds. In that case, two Kentucky residents who paid Kentucky income tax on the interest they earned on out-of-state municipal bonds brought suit against the state’s Department of Revenue, claiming that the state’s tax law illegally burdened interstate commerce. In early 2006, a Kentucky Appellate Court agreed that the state’s law was unconstitutional. The Kentucky Supreme Court declined to review the decision, but the U.S. Supreme Court granted certiorari.

     The U.S. Supreme Court may reverse the decision of the Kentucky Appeals Court, in which case there should be no impact in the operation of Single-State Municipal Bond Funds. If it affirms the decision of the Kentucky court, however, Kentucky (and possibly all other states) may be required to give equal treatment to all municipal obligations. In that event, state legislatures will be required to reassess their current tax policies that give preferential tax treatment to in-state municipal obligations, and will likely be required to pass new legislation that will either exempt all interest on in-state and out-of-state municipal obligations from taxation or else tax all of the interest earned on these obligations. A change in state laws to tax all municipal obligation interest would cause all of the dividends paid by Single-State Municipal Bond Funds to be taxable at the state level. Similarly, a change in state laws to give equal treatment to all municipal obligations (whether it makes all interest taxable or tax-free) may cause Single-State Municipal Bond Funds’ net asset value to decrease.

     The U.S. Supreme Court may also remand Davis to the Kentucky Supreme Court or Appellate Court for further proceedings consistent with its ruling, in which event the outcome and impact of its decision will not be known until these proceedings are complete. No matter what the U.S. Supreme Court decides in Davis, exempt-interest dividends paid by Single-State Municipal Bond Funds are expected to continue to be exempt from regular federal income tax.

Please keep this Supplement for future reference.

This Supplement is dated June 20, 2007.

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