0001137439-24-000766.txt : 20240325 0001137439-24-000766.hdr.sgml : 20240325 20240325140021 ACCESSION NUMBER: 0001137439-24-000766 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240325 DATE AS OF CHANGE: 20240325 EFFECTIVENESS DATE: 20240325 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DELAWARE VIP TRUST CENTRAL INDEX KEY: 0000814230 ORGANIZATION NAME: IRS NUMBER: 232470518 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-14363 FILM NUMBER: 24778434 BUSINESS ADDRESS: STREET 1: 100 INDEPENDENCE STREET 2: 610 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19106-2354 BUSINESS PHONE: 18005231918 MAIL ADDRESS: STREET 1: 100 INDEPENDENCE STREET 2: 610 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19106-2354 FORMER COMPANY: FORMER CONFORMED NAME: DELAWARE GROUP PREMIUM FUND DATE OF NAME CHANGE: 20000428 FORMER COMPANY: FORMER CONFORMED NAME: DELAWARE PREMIUM FUND DATE OF NAME CHANGE: 20000224 FORMER COMPANY: FORMER CONFORMED NAME: DELAWARE GROUP PREMIUM FUND INC DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Ivy Variable Insurance Portfolios CENTRAL INDEX KEY: 0000810016 ORGANIZATION NAME: IRS NUMBER: 481146010 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-11466 FILM NUMBER: 24778435 BUSINESS ADDRESS: STREET 1: 6300 LAMAR AVENUE CITY: OVERLAND PARK STATE: KS ZIP: 66202 BUSINESS PHONE: 9132362000 MAIL ADDRESS: STREET 1: P O BOX 29217 CITY: SHAWNEE MISSION STATE: KS ZIP: 66201-9217 FORMER COMPANY: FORMER CONFORMED NAME: Ivy Funds Variable Insurance Portfolios DATE OF NAME CHANGE: 20100301 FORMER COMPANY: FORMER CONFORMED NAME: Ivy Funds Variable Insurance Portfolios, Inc. DATE OF NAME CHANGE: 20080819 FORMER COMPANY: FORMER CONFORMED NAME: W&R TARGET FUNDS INC DATE OF NAME CHANGE: 20001026 0000810016 S000006239 Delaware VIP Global Equity C000017173 Class II 0000814230 S000065946 Delaware VIP International Series C000213001 Standard C000221905 Service 497 1 vipintglobal03252024497.htm
DELAWARE VIP® TRUST
Delaware VIP International Series

IVY VARIABLE INSURANCE PORTFOLIOS
Delaware VIP Global Equity (formerly, Delaware VIP Global Value Equity)

(each a “Series”)

Supplement to the Series’ Summary and Statutory Prospectuses and
Statements of Additional Information each dated May 1, 2023, as amended

At the Special Shareholder Meeting held on March 25, 2024, Series shareholders approved an Agreement and Plan of Reorganization (the “Agreement”) between each Series (listed as an “Acquired Series” in the table below) and the corresponding Delaware Fund shown in the table below (an “Acquiring Series”) that provides for the reorganization of each Acquired Series with and into its corresponding Acquiring Series as shown in the table below (each, a “Reorganization” and together, the “Reorganizations”):

Acquired Series/Classes
Acquiring Series/Classes
Delaware VIP Global Equity, a series of Ivy Variable Insurance Portfolios
Delaware Ivy VIP Global Growth, a series of Ivy Variable Insurance Portfolios
Class II
Class II
   
Delaware VIP International Series, a series of Delaware VIP Trust
Delaware Ivy VIP International Core Equity, a series of Ivy Variable Insurance Portfolios
Standard Class
Class I
Service Class
Class II

The Agreement provides for: (a) the acquisition of all of the assets and assumption of all of the liabilities of each Acquired Series by the corresponding Acquiring Series in exchange for shares of the Acquiring Series; (b) the distribution of such shares to the shareholders of the Acquired Series; and (c) the liquidation and termination of the Acquired Series.

The Reorganizations will take place at the close of business on or about April 26, 2024 (Reorganization Date). The Reorganization Date may also be delayed or occur sooner if unforeseen or unusual circumstances arise or if otherwise determined by an officer of the applicable Acquired Series and Acquiring Series to be necessary or appropriate.

Effective one day before the Reorganization Date, the Acquired Series will close to new investors and existing shareholders.

Prior to the closing of each Reorganization, each Acquired Series will distribute to its shareholders, in one or more distributions, all of its income and gains (net of available capital loss carryovers) not previously distributed for taxable years ending on or prior to the Reorganization Date. However, since shares of an Acquired Series must be purchased through separate accounts used to fund variable contracts, it is anticipated that any income dividends or capital gains distributed by the Acquired Series will be exempt from current taxation by shareholders if left to accumulate within such separate account.

Because everyone’s tax situation is unique, you should consult your tax professional about federal, state, local, or foreign tax consequences before making an investment in a Series or acting on a distribution check.

Delaware Management Company is an indirect wholly owned subsidiary of Macquarie Group Limited (MGL). None of the entities noted in this document is an authorized deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia) and the

obligations of these entities do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 542 (Macquarie Bank). Macquarie Bank does not guarantee or otherwise provide assurance in respect of the obligations of these entities. In addition, if this document relates to an investment (a) each investor is subject to investment risk including possible delays in repayment and loss of income and principal invested and (b) none of Macquarie Bank or any other Macquarie Group company guarantees any particular rate of return on or the performance of the investment, nor do they guarantee repayment of capital in respect of the investment.

Please keep this Supplement for future reference.

This Supplement is dated March 25, 2024.




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