<SEC-DOCUMENT>0001137439-23-000072.txt : 20230119
<SEC-HEADER>0001137439-23-000072.hdr.sgml : 20230119
<ACCEPTANCE-DATETIME>20230119143426
ACCESSION NUMBER:		0001137439-23-000072
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		7
FILED AS OF DATE:		20230119
DATE AS OF CHANGE:		20230119

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Delaware Investments National Municipal Income Fund
		CENTRAL INDEX KEY:			0000895574
		IRS NUMBER:				411737161
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			0330

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-07410
		FILM NUMBER:		23537064

	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 INVESTMENTS FLORIDA INSURED MUNICIPAL INCOME FUND
		DATE OF NAME CHANGE:	20020327

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VOYAGEUR FLORIDA INSURED MUNICIPAL INCOME FUND
		DATE OF NAME CHANGE:	19930519

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VOYAGEUR FLORIDA INSURD MUNICIPAL INCOME FUND
		DATE OF NAME CHANGE:	19930122
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<FILENAME>vfldefa14a01192023.htm
<TEXT>
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    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-weight: bold;"> UNITED STATES<br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Washington, D.C. 20549</div>
    <div><br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-weight: bold;">SCHEDULE 14A</div>
    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Proxy Statement Pursuant to Section 14(a)</div>
    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Of the Securities Exchange Act of 1934</div>
    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-weight: bold;">(Amendment No. __)</div>
    <div><br>
    </div>
    <div style="font-family: 'Times New Roman', Times, serif;">Filed by the Registrant&#160; [X]</div>
    <div><br>
    </div>
    <div style="font-family: 'Times New Roman', Times, serif;">Filed by a Party other than the Registrant&#160; [_]</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="font-family: 'Times New Roman', Times, serif;">Check the appropriate box:</div>
    <div><br>
    </div>
    <div><font style="font-family: 'Times New Roman', Times, serif;">[_]</font><font class="BRFWTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-family: 'Times New Roman', Times, serif;">Preliminary


















        Proxy Statement</font></div>
    <div><br>
    </div>
    <div><font style="font-family: 'Times New Roman', Times, serif;">[_]</font><font class="BRFWTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-family: 'Times New Roman', Times, serif;">Confidential,


















        for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))</font></div>
    <div><br>
    </div>
    <div><font style="font-family: 'Times New Roman', Times, serif;">[_]</font><font class="BRFWTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-family: 'Times New Roman', Times, serif;">Definitive
        Proxy Statement</font></div>
    <div><br>
    </div>
    <div><font style="font-family: 'Times New Roman', Times, serif;">[X]</font><font class="BRFWTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-family: 'Times New Roman', Times, serif;">Definitive
        Additional Material</font></div>
    <div><br>
    </div>
    <div><font style="font-family: 'Times New Roman', Times, serif;">[_]</font><font class="BRFWTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-family: 'Times New Roman', Times, serif;">Soliciting
        Material Pursuant to Sec. 240.14a-12</font></div>
    <div><br>
    </div>
    <br>
    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Delaware Investments National Municipal Income Fund<br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman', Times, serif;">(Name of Registrant as Specified In Its Charter)</div>
    <div><br>
    </div>
    <div>
      <div style="text-align: center;"><font style="font-family: 'Times New Roman',Times,serif;">_______________________________________________________________________</font></div>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman', Times, serif;">(Name of Person(s) Filing Proxy Statement, if other than the Registrant)</div>
    <div><br>
    </div>
    <div style="font-family: 'Times New Roman', Times, serif;">Payment of Filing Fee (Check the appropriate box)</div>
    <div><br>
    </div>
    <div><font style="font-family: 'Times New Roman', Times, serif;">[X]</font><font class="BRFWTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-family: 'Times New Roman', Times, serif;">No fee
        required.</font></div>
    <div><br>
    </div>
    <div><font style="font-family: 'Times New Roman', Times, serif;">[_]</font><font class="BRFWTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-family: 'Times New Roman', Times, serif;">Fee
        computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.</font></div>
    <div><br>
    </div>
    <div><font style="font-family: 'Times New Roman', Times, serif;">1)</font><font class="BRFWTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-family: 'Times New Roman', Times, serif;">Title of
        each class of securities to which transaction applies:</font></div>
    <div><br>
    </div>
    <div style="margin-left: 36pt; font-family: 'Times New Roman', Times, serif;">________________________________________________________________________</div>
    <div style="font-family: 'Times New Roman',Times,serif;"><br>
    </div>
    <div style="font-family: 'Times New Roman',Times,serif;">2)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Aggregate number of securities to which transaction applies:</div>
    <div style="font-family: 'Times New Roman',Times,serif;"><br>
    </div>
    <div style="font-family: Arial,Helvetica,sans-serif;"><font style="font-family: 'Times New Roman',Times,serif;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; _______________________________________________________________________</font>
      <div><br>
        <div><font style="font-family: 'Times New Roman',Times,serif;">3) &#160; &#160; &#160; &#160;&#160; Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (Set forth the amount </font></div>
        <div><font style="font-family: 'Times New Roman',Times,serif;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; on which the filing fee is calculated and state how it was determined):</font> </div>
        <div style="margin-left: 36pt; font-family: 'Times New Roman',Times,serif;">________________________________________________________________________</div>
        <div><br>
        </div>
        <div><font style="font-family: 'Times New Roman', Times, serif;">4)</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-family: 'Times New Roman', Times, serif;">Proposed maximum
            aggregate value of transaction:</font></div>
        <div><br>
        </div>
        <div style="margin-left: 36pt; font-family: 'Times New Roman', Times, serif;">________________________________________________________________________</div>
        <div><br>
        </div>
        <div><br>
        </div>
        <div><font style="font-family: 'Times New Roman', Times, serif;">5)</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-family: 'Times New Roman', Times, serif;">Total fee paid:</font></div>
        <div><br>
        </div>
        <div style="margin-left: 36pt; font-family: 'Times New Roman', Times, serif;">________________________________________________________________________</div>
        <div><br>
        </div>
        <font style="font-family: 'Times New Roman',Times,serif;"> </font>
        <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div class="BRPFPageBreak" style="page-break-after: always;">
            <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
        </div>
        <font style="font-family: 'Times New Roman',Times,serif;"> </font>
        <div><br>
          <div><font style="font-family: 'Times New Roman',Times,serif;">[_]</font><font class="BRFWTab" style="display: inline-block; text-indent: 0px; width: 36pt; font-family: 'Times New Roman',Times,serif;">&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">Fee paid previously with preliminary materials.</font></div>
          <div style="font-family: 'Times New Roman',Times,serif; font-size: 1px;"> <font style="font-size: 12pt;"><br>
            </font></div>
          <div style="font-family: 'Times New Roman',Times,serif;"><br>
            [_]<font style="display: inline-block; text-indent: 0px; width: 36pt;"> </font>Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee<br>
          </div>
          <div style="font-family: 'Times New Roman',Times,serif;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; was paid previously.&#160; Identifying the previous filing by registration statement number, or the Form or Schedule and the date of its filing.<br>
          </div>
          <div style="font-family: 'Times New Roman',Times,serif;"><br>
          </div>
          <div style="font-family: 'Times New Roman',Times,serif;"><br>
          </div>
          <div><font style="font-family: 'Times New Roman',Times,serif;">1)</font><font class="BRFWTab" style="display: inline-block; text-indent: 0px; width: 36pt; font-family: 'Times New Roman',Times,serif;">&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">Amount Previously Paid:</font></div>
          <div><br>
          </div>
          <div style="margin-left: 36pt; font-family: 'Times New Roman', Times, serif;">________________________________________________________________________</div>
          <div><br>
          </div>
          <div><font style="font-family: 'Times New Roman', Times, serif;">2)</font><font class="BRFWTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-family: 'Times New Roman', Times, serif;">Form,
              Schedule or Registration Statement No.:</font></div>
          <div><br>
          </div>
          <div style="margin-left: 36pt; font-family: 'Times New Roman', Times, serif;">________________________________________________________________________</div>
          <div><br>
          </div>
          <div><font style="font-family: 'Times New Roman', Times, serif;">3)</font><font class="BRFWTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-family: 'Times New Roman', Times, serif;">Filing


















              Party:</font></div>
          <div><br>
          </div>
          <div style="margin-left: 36pt; font-family: 'Times New Roman', Times, serif;">________________________________________________________________________</div>
          <div><br>
          </div>
          <div><font style="font-family: 'Times New Roman', Times, serif;">4)</font><font class="BRFWTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-family: 'Times New Roman', Times, serif;">Date
              Filed:</font></div>
          <div><br>
          </div>
          <div style="margin-left: 36pt; font-family: 'Times New Roman', Times, serif;">________________________________________________________________________</div>
          <div><br>
          </div>
        </div>
        <br>
      </div>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div><br>
      </div>
      <div>
        <div><br>
        </div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z8c5cf4429ccf477e9e445ebad48c9680">

            <tr>
              <td style="width: 50%; vertical-align: top;">&#160;<img src="image00002.jpg"> </td>
              <td style="width: 50%; vertical-align: top; text-align: right;">&#160;<img src="image00001.jpg"></td>
            </tr>

        </table>
        <div>
          <div><br>
          </div>
        </div>
        <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z26eb8f050f424de0add3cc9cc0fecbda">

            <tr>
              <td style="width: 5%; vertical-align: top;">
                <div>RE:</div>
              </td>
              <td style="width: 95%; vertical-align: top;">
                <div>Delaware Investments<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> National Municipal Income Fund (&#8220;Fund&#8221;)<br>
                </div>
              </td>
            </tr>

        </table>
        <div>
          <div><br>
          </div>
        </div>
        <div style="margin-bottom: 10pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Dear Valued Shareholder:</div>
        <div style="margin-bottom: 10pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">
          <div style="margin-bottom: 10pt;">We recently sent you information regarding the upcoming Special Meeting for the Fund scheduled for March 8, 2023. According to our records, you have not yet voted.</div>
          <div style="text-align: center; margin-bottom: 10pt; font-weight: bold;">The Board believes each proposal is in the best interests of the Fund and its shareholders and recommends that you vote &#8220;FOR&#8221; each proposal.</div>
          <div style="margin-bottom: 10pt;">We urge you to read the Proxy Statement(s) because it contains important information. You may review the proxy statement(s) online at: <u>delawarefunds.com/cef-proxy.</u></div>
          <div style="margin-bottom: 10pt;">We are working with AST Fund Solutions (&#8220;AST&#8221;) to manage the voting process. AST will begin calling shareholders to ensure the Fund receives enough votes on the proposals. To avoid receiving calls on this matter,
            please vote TODAY so that your vote may be recorded prior to the Special Meeting on March 8, 2023.</div>
        </div>
        <div style="margin-bottom: 10pt; font-family: 'Times New Roman', Times, serif; font-size: 14pt;">Voting is fast and easy using one of the options below:</div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z852f6f2b031b40dd8de9ec11a89d183e">

            <tr>
              <td style="width: 11.5%; vertical-align: top;">
                <div>
                  <div>
                    <div>&#160;<img src="image00003.jpg">
                      <div><br>
                      </div>
                    </div>
                  </div>
                </div>
              </td>
              <td style="width: 88.5%; vertical-align: top;">
                <div>Visit the website on the enclosed proxy card and enter your control number.<br>
                </div>
              </td>
            </tr>
            <tr>
              <td style="width: 11.5%; vertical-align: top;">
                <div>
                  <div>
                    <div>&#160;<img src="image00004.jpg">
                      <div><br>
                      </div>
                    </div>
                  </div>
                </div>
              </td>
              <td style="width: 88.5%; vertical-align: top;">
                <div>Call <font style="font-weight: bold;">(877) 297-1744</font> to speak with a representative.&#160; Representatives are available Monday through Friday 9am to 10pm ET.<br>
                </div>
              </td>
            </tr>
            <tr>
              <td style="width: 11.5%; vertical-align: top;">&#160;<img src="image00005.jpg"></td>
              <td style="width: 88.5%; vertical-align: top;">
                <div>Sign, date and return the enclosed proxy card in the postage-paid envelope provided.<br>
                </div>
              </td>
            </tr>

        </table>
        <div style="margin-bottom: 10pt;"><br>
        </div>
        <div style="margin-bottom: 10pt;">
          <div style="margin-bottom: 10pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">If you vote now, you will ensure your shares are represented and we will not contact you further on this issue. Detailed information about the
            Special Meeting and the proposal can be found in the Proxy Statement(s). If you have any questions about the proposal, contact your financial advisor, client service representative or AST at <font style="font-weight: bold;">(877) 297-1744.</font></div>
          <div style="margin-bottom: 10pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Thank you in advance for your attention.</div>
        </div>
        <br>
        <div style="margin-bottom: 10pt; font-family: 'Times New Roman',Times,serif; font-size: 10pt; text-align: right;">
          <div style="margin-bottom: 10pt;">NOBO S57102</div>
        </div>
      </div>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

            <tr>
              <td style="width: 50%; vertical-align: top;"><img src="image00002.jpg"> </td>
              <td style="width: 50%; vertical-align: top; text-align: right;">&#160;<img src="image00001.jpg"></td>
            </tr>

        </table>
        <div>
          <div><br>
          </div>
        </div>
        <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

            <tr>
              <td style="width: 5%; vertical-align: top;">
                <div>RE:</div>
              </td>
              <td style="width: 95%; vertical-align: top;">
                <div>Delaware Investments<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> National Municipal Income Fund (&#8220;Fund&#8221;)</div>
              </td>
            </tr>

        </table>
        <div>
          <div><br>
          </div>
        </div>
        <div style="margin-bottom: 10pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Dear Valued Shareholder:</div>
        <div style="margin-bottom: 10pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">
          <div style="margin-bottom: 10pt;">We recently sent you information regarding the upcoming Special Meeting for the Fund scheduled for March 8, 2023. According to our records, you have not yet voted.</div>
          <div style="text-align: center; margin-bottom: 10pt; font-weight: bold;">The Board believes each proposal is in the best interests of the Fund and its shareholders and recommends that you vote &#8220;FOR&#8221; each proposal.</div>
          <div style="margin-bottom: 10pt;">We urge you to read the Proxy Statement(s) because it contains important information. You may review the proxy statement(s) online at: <u>delawarefunds.com/cef-proxy.</u></div>
          <div style="margin-bottom: 10pt;">We are working with AST Fund Solutions (&#8220;AST&#8221;) to manage the voting process. AST will begin calling shareholders to ensure the Fund receives enough votes on the proposals. To avoid receiving calls on this matter,
            please vote TODAY so that your vote may be recorded prior to the Special Meeting on March 8, 2023.</div>
        </div>
        <div style="margin-bottom: 10pt; font-family: 'Times New Roman', Times, serif; font-size: 14pt;">Voting is fast and easy using one of the options below:</div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

            <tr>
              <td style="width: 11.5%; vertical-align: top;">
                <div>
                  <div>
                    <div>&#160;<img src="image00003.jpg">
                      <div><br>
                      </div>
                    </div>
                  </div>
                </div>
              </td>
              <td style="width: 88.5%; vertical-align: top;">
                <div>Visit the website on the enclosed proxy card and enter your control number.<br>
                </div>
              </td>
            </tr>
            <tr>
              <td style="width: 11.5%; vertical-align: top;">
                <div>
                  <div>
                    <div>&#160;<img src="image00004.jpg">
                      <div><br>
                      </div>
                    </div>
                  </div>
                </div>
              </td>
              <td style="width: 88.5%; vertical-align: top;">
                <div>Call <font style="font-weight: bold;">(877) 297-1744</font> extension <font style="font-weight: bold;">18571</font> to speak with a representative.&#160; Representatives are available Monday through Friday 9am to 10pm ET.<br>
                </div>
              </td>
            </tr>
            <tr>
              <td style="width: 11.5%; vertical-align: top;">&#160;<img src="image00005.jpg"></td>
              <td style="width: 88.5%; vertical-align: top;">
                <div>Sign, date and return the enclosed proxy card in the postage-paid envelope provided.<br>
                </div>
              </td>
            </tr>

        </table>
        <div style="margin-bottom: 10pt;"><br>
        </div>
        <div style="margin-bottom: 10pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">
          <div style="margin-bottom: 10pt;">If you vote now, you will ensure your shares are represented and we will not contact you further on this issue. Detailed information about the Special Meeting and the proposal can be found in the Proxy
            Statement(s). If you have any questions about the proposal, contact your financial advisor, client service representative or AST at <font style="font-weight: bold;">(877) 297-1744 </font>extension <font style="font-weight: bold;">18571.</font></div>
          <div style="margin-bottom: 10pt;">Thank you in advance for your attention.</div>
        </div>
        <div style="margin-bottom: 10pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> <br>
        </div>
        <div style="margin-bottom: 10pt; font-family: 'Times New Roman',Times,serif; font-size: 10pt; text-align: right;">
          <div style="margin-bottom: 10pt;">OBO S57102</div>
        </div>
      </div>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <br>
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                      <tr>
                        <td style="width: 50.39%; vertical-align: top;">&#160;<img src="image00002.jpg"></td>
                        <td style="width: 49.61%; vertical-align: top; text-align: right;">&#160;<img src="image00001.jpg"></td>
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                      <tr>
                        <td style="width: 50.39%; vertical-align: top;">&#160;</td>
                        <td style="width: 49.61%; vertical-align: top;">&#160;</td>
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                        <td style="width: 50.39%; vertical-align: top;">
                          <div style="font-size: 12pt;">Shareholder Name</div>
                          <font style="font-size: 12pt;"> </font>
                          <div style="font-size: 12pt;">Address 1</div>
                          <font style="font-size: 12pt;"> </font>
                          <div style="font-size: 12pt;">Address 2</div>
                          <font style="font-size: 12pt;"> </font>
                          <div style="font-size: 12pt;">Address 3</div>
                          <div>&#160;</div>
                        </td>
                        <td style="width: 49.61%; vertical-align: top;">&#160;</td>
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                      <tr>
                        <td style="width: 50.39%; vertical-align: top;">&#160;</td>
                        <td style="width: 49.61%; vertical-align: top;">&#160;</td>
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                      <tr>
                        <td colspan="2" style="width: 100%; vertical-align: top;">
                          <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 12pt;">IMPORTANT NOTICE</div>
                        </td>
                      </tr>

                  </table>
                  <div><br>
                  </div>
                  <div>
                    <div style="text-align: right; font-size: 12pt;">XX, 2023</div>
                    <font style="font-size: 12pt;"> </font>
                    <div><font style="font-size: 12pt;"><br>
                      </font> </div>
                    <font style="font-size: 12pt;"> </font>
                    <div style="text-align: justify; font-size: 12pt;">
                      <div>
                        <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

                            <tr>
                              <td style="width: 5%; vertical-align: top;">
                                <div style="font-size: 12pt;">RE:</div>
                              </td>
                              <td style="width: 95%; vertical-align: top;">
                                <div style="font-size: 12pt;">Delaware Investments<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> National Municipal Income Fund (&#8220;Fund&#8221;)</div>
                              </td>
                            </tr>

                        </table>
                      </div>
                      <div> <br>
                      </div>
                    </div>
                    <font style="font-size: 12pt;"> </font>
                    <div style="font-family: 'Times New Roman',Times,serif; font-size: 12pt;">Dear Shareholder:</div>
                    <div style="font-family: 'Times New Roman',Times,serif; font-size: 10pt;">
                      <div style="font-size: 12pt;"><br>
                      </div>
                      <div style="font-size: 12pt;">We have tried unsuccessfully to contact you, whether by mail or phone, regarding a very important matter concerning your investment with the Fund. This matter pertains to a time-sensitive initiative for
                        the Fund and its shareholders for which we need your response.</div>
                      <div style="font-size: 12pt;"><br>
                      </div>
                      <div><font style="font-weight: bold; font-size: 12pt;">It is very important that we speak with you.</font><font style="font-size: 12pt;"> Please call toll-free at <font style="font-weight: bold;">877-297-1744</font> between 9:00am
                          and 10:00pm ET, Monday through Friday. At the time of the call, please reference the Investor ID listed below.</font></div>
                    </div>
                    <br>
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                        <tr>
                          <td colspan="4" style="width: 100%; vertical-align: top;">
                            <div style="text-align: justify; margin-right: 27pt; font-size: 12pt; font-weight: bold;">INVESTOR PROFILE:</div>
                          </td>
                        </tr>
                        <tr>
                          <td style="width: 25%; vertical-align: top;">
                            <div style="text-align: justify; margin-right: 27pt; font-size: 12pt;"><font style="font-weight: bold;">Investor ID</font>:</div>
                          </td>
                          <td style="width: 25%; vertical-align: top;">
                            <div style="text-align: justify; margin-right: 27pt; font-size: 12pt; font-weight: bold;">XXXXXXXX</div>
                          </td>
                          <td style="width: 25%; vertical-align: top;">
                            <div style="text-align: justify; margin-right: 27pt; font-size: 12pt;">Security ID:</div>
                          </td>
                          <td style="width: 25%; vertical-align: top;">
                            <div style="text-align: justify; margin-right: 27pt; font-size: 12pt;">XXXXXXXX</div>
                          </td>
                        </tr>
                        <tr>
                          <td style="width: 25%; vertical-align: top;">
                            <div style="text-align: justify; margin-right: 27pt; font-size: 12pt;">Shares owned:</div>
                          </td>
                          <td style="width: 25%; vertical-align: top;">
                            <div style="text-align: justify; margin-right: 27pt; font-size: 12pt;">XXXXXXXXX</div>
                          </td>
                          <td style="width: 25%; vertical-align: top;">
                            <div style="text-align: justify; margin-right: 27pt; font-size: 12pt;">Household ID:</div>
                          </td>
                          <td style="width: 25%; vertical-align: top;">
                            <div style="text-align: justify; margin-right: 27pt; font-size: 12pt;">XXXXXXXX</div>
                          </td>
                        </tr>

                    </table>
                    <div><br>
                    </div>
                    <div style="text-align: justify; margin-right: 27pt; font-size: 12pt;">
                      <div style="text-align: left; font-family: 'Times New Roman',Times,serif;">There is no confidential information required, and the call will only take a few moments of your time.&#160; Please contact us as soon as possible. Thank you for
                        your time and consideration.</div>
                    </div>
                    <div style="text-align: justify; margin-right: 27pt; font-size: 12pt;"><br>
                    </div>
                    <div style="text-align: justify; margin-right: 27pt; font-size: 12pt;">Sincerely,</div>
                    <div style="text-align: justify; margin-right: 27pt; font-size: 12pt;"> <br>
                    </div>
                    <div style="text-align: justify; margin-right: 27pt; font-size: 12pt;"> <img src="image00006.jpg">
                      <div><br>
                      </div>
                      <div>
                        <div style="text-align: left; font-size: 10pt;">Shawn K. Lytle</div>
                        <div style="text-align: left; font-size: 10pt;">President and Chief Executive Officer</div>
                        <div><br>
                        </div>
                        <div><br>
                        </div>
                        <div style="text-align: left; font-size: 10pt; font-style: italic;"><br>
                        </div>
                      </div>
                    </div>
                  </div>
                  <div><br>
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                  <div><br>
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<FILENAME>image00005.jpg
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
