Delaware Investments Colorado Municipal Income Fund, Inc.
VCF
New York Stock Exchange Arca13.82
USD
+0.13
(+0.91%)
CIK
0000907573
Return %
Stock
S&P500
1Y
-67.77
26.53
3Y
-9.47
76.60
5Y
-3.86
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Shawn K. Lytle
- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 2005 Market St Philadelphia PA United States of America 19103-7094
- IPO Date
- Jul 22, 1993
- CIK
- 0000907573
- Website
- delawareinvestments.com
- Similar Companies
- Business
- Delaware Investments Colorado Municipal Income Fund, Inc. is a closed-end management investment company primarily engaged in investing in investment-grade, tax-exempt municipal bonds issued within the state of Colorado. Its core products include a diversified portfolio of municipal securities such as airport revenue bonds, city general obligation bonds, healthcare revenue bonds, higher education bonds, school district bonds, water and sewer revenue bonds, parking and toll road revenue bonds. The fund aims to provide current income exempt from both regular federal income tax and, where applicable, state income tax, targeting individual investors seeking tax-advantaged income through municipal bond investments. Founded in 1993, the company is headquartered in the United States and managed by Delaware Management Company, a series of Delaware Management Business Trust. In a significant recent development, the Delaware Investments Colorado Municipal Income Fund (NYSE: VCF) was acquired by Delaware Investments National Municipal Income Fund (NYSE: VFL) in a tax-free transaction completed in February 2022. This acquisition included substantially all assets of the Colorado Municipal Income Fund and resulted in the dissolution of VCF as a standalone entity, with the consolidation intended to streamline operations and enhance returns by leveraging a larger asset base. Prior to the acquisition, VCF distributed nearly all of its undistributed tax-exempt interest income and capital gains to shareholders. This reorganization reflects a strategic shift in the management and structure of these affiliated municipal income funds under the broader Delaware Investments brand, which operates as part of Macquarie Investment Management. The company operates within the fixed income mutual fund segment, focusing on municipal bond markets primarily within Colorado but benefiting from the scale and management expertise of Macquarie Investment Management. The fund historically benchmarks against indices such as the Barclays Municipal Bond Index and the Lipper CE Other States Municipal Debt Funds Average. Its investment strategy emphasizes maintaining an average portfolio maturity typically ranging from 20 to 30 years, and the income generated is generally exempt from federal income tax though some may be subject to state, local, and alternative minimum tax depending on investor circumstances. The Delaware Investments Colorado Municipal Income Fund had maintained regular monthly dividend distributions to its shareholders before the acquisition. This business is part of a group of closed-end municipal income funds managed by Delaware Management Company and affiliated with Macquarie Group Limited. Macquarie plays a significant role in overseeing fixed income and municipal bonds strategies in the Americas region, highlighting a focused approach on tax-exempt fixed income investments for retail and institutional clients. The Delaware Investments Colorado Municipal Income Fund's transition into Delaware Investments National Municipal Income Fund represents a major operational change and strategic realignment within this suite of municipal fixed income products, positioning them for enhanced efficiency and consolidated management under emerging market conditions.
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