Ivy Funds - Delaware Ivy High Income Opportunities Fund Stock

Delaware Ivy High Income Opportunities Fund (the Fund) is a non-diversified, closed-end management investment company. The Fund's investment objective is to seek to provide total return through a combination of a high level of current income and capital appreciation. The Fund seeks to achieve its investment objective by investing primarily in a portfolio of high yield corporate bonds of varying maturities and other fixed income instruments of predominantly corporate issuers, including secured and unsecured loan assignments, loan participations and other loan instruments. The Fund invests approximately 80% of its managed assets in a portfolio of United States and foreign bonds, loans and other fixed income instruments, as well as other investments, including derivatives with similar economic characteristics. The Fund's investment adviser is Delaware Management Company.