Notice of Plan Administrator Address Change

Notice of Plan Administrator Address Change All written correspondence in connection with your investment plan should be mailed to Computershare Trust Company, NA (the Plan Administrator ) at: Regular mail: Computershare PO Box 505000 Louisville, KY 40233-5000 For overnight delivery service: Computershare 462 South 4th Street Suite 1600 Louisville, KY 40202 All written correspondence should contain your account number and the name of the security that appears on your stock certificate or account statement Please note that if the Plan Administrator listed in the enclosed plan document differs from the above, then Computershare Trust Company, NA is now the Plan Administrator for this plan Computershare, Inc acts as service agent to Computershare Trust Company, NA under the plan The terms and conditions of this plan remain in force To contact us or view online information about this plan, please visit wwwcomputersharecom/investor To call us, please use the phone number included on the enclosed form CERTAINTY INGENUITY ADVANTAGE 02JV3B 003SSN0D02 3/17

AUTOMATIC DIVIDEND REINVESTMENT PLAN DELAWARE INVESTMENTS DIVIDEND AND INCOME FUND, INC ( DDF ) DELAWARE INVESTMENTS COLORADO MUNICIPAL INCOME FUND, INC ( VCF ) DELAWARE INVESTMENTS NATIONAL MUNICIPAL INCOME FUND ( VFL ) DELAWARE INVESTMENTS MINNESOTA MUNICIPAL INCOME FUND II, INC ( VMM ) (each a Fund and, collectively, the Funds ) 2005 MARKET STREET PHILADELPHIA, PA 19103 As a Fund shareholder, you are eligible to participate in the Automatic Dividend Reinvestment Plan (the Plan ) This Plan gives you the opportunity to invest cash dividends, capital gains and other distributions (such dividends and distributions are referred to as Distributions ) in additional shares of the Fund in which you invest Shareholders of DDF, VFL and VMM are in most cases automatically enrolled in the Plan Shareholders of VCF must enroll in the Plan An important benefit of the Plan is that it enables you to increase your investment by buying additional shares of a Fund in which you invest on a regular and ongoing basis If your shares of DDF, VFL and VMM are registered in your own name, you may withdraw from the Plan and receive all Distributions in cash by providing written notice to Computershare Shareowner Services (the Plan Agent ) at least 10 days prior to any Distribution record date If your shares of DDF, VFL and VMM are registered in someone else s name (for example, the name of a bank or broker), you should contact that person to determine whether and how you may participate, and how to withdraw from the Plan if you choose not to participate If your shares of VCF are registered in your own name, you may enroll in the Plan at any time by providing the Plan Agent with written instructions to that effect at least 10 days prior to any Distribution record date If your shares of VCF are registered in someone else s name (for example, in the name of a bank or broker), you should contact that person to determine whether and how you may participate, and how to withdraw from the Plan if you choose not to participate Some shareholders who hold shares in street name may not be able to participate in the Plan without reregistering shares in their own name If your shares are held in street name, please contact your bank, broker or other nominee with any questions you may have Otherwise you may contact the Plan Agent at 866 437-0252 Please read this brochure which describes the Plan and retain it for your future information Sincerely, Shawn K Lytle President, Chief Executive Officer, and Trustee March 2016 002CSN69A5 02BPMA

AUTOMATIC DIVIDEND REINVESTMENT PLAN DELAWARE INVESTMENTS DIVIDEND AND INCOME FUND, INC ( DDF ) DELAWARE INVESTMENTS COLORADO MUNICIPAL INCOME FUND, INC ( VCF ) DELAWARE INVESTMENTS NATIONAL MUNICIPAL INCOME FUND ( VFL ) DELAWARE INVESTMENTS MINNESOTA MUNICIPAL INCOME FUND II, INC ( VMM ) PLAN HIGHLIGHTS (each a Fund and, collectively, the Funds ) 2005 MARKET STREET PHILADELPHIA, PA 19103 The Automatic Dividend Reinvestment Plan described in this brochure is designed for all shareholders of the Funds regardless of the size of their holdings This Plan offers you an easy, economical way to reinvest cash dividends, capital gains and other distributions (such dividend and distributions are referred to as Distributions ) of a Fund in additional shares of the Fund ( Common Stock ) The Plan provides that all distributions which become payable to participating shareholders will be reinvested by Computershare Shareowner Services (the Plan Agent ) Acting as agent for each participant in the Plan, the Plan Agent will combine the purchases of all participating shareholders with respect to a Fund Shareholders who elect not to participate in the Plan will receive all Distributions in cash BENEFITS OF PARTICIPATING The Plan offers several attractive benefits: Your investment in a Fund will be increased on a regular, ongoing basis Your account will be credited with fractional interests in shares This means that the funds you have invested are being fully utilized You will earn Distributions on full and fractional shares that are held for you under the Plan as well as on shares outside the Plan Investments will be made automatically, and the Plan Agent s fee for administration of the Plan will be paid by the Funds The Plan Agent will charge participants their proportional share of brokerage commissions on market purchases Because the Plan Agent buys shares in substantial amounts, the cost of purchasing stock through this service generally will be less than the usual brokerage commission on small transactions Therefore, you can benefit from the savings in commissions Detailed records of your account will be maintained on your behalf and you will receive a statement after each investment Participation in the Plan is entirely voluntary You may withdraw from the Plan or rejoin whenever you wish as detailed in this brochure This page left intentionally blank PARTICIPATION REQUIREMENTS Shareholders of DDF, VFL and VMM who have shares registered in their own names are automatically considered participants in the Plan, unless they elect to withdraw from the Plan in the manner described in the section, Terminating Participation in the Plan Shareholders of VCF who have shares registered in their own names are eligible to elect to participate in the Plan Shareholders who hold their shares through a bank, broker or other nominee should request the bank, broker or nominee to participate in the Plan on their behalf This can be done as long as the bank, broker or nominee provides a dividend reinvestment service for the Funds If the bank, broker or nominee does not provide this service, such shareholders must have their shares taken out of street or nominee name and re-registered in their own name in order to participate in the Plan Most

8 Distributions paid on the accumulated shares shall be included in the Form 1099 DIV information return to the Internal Revenue Service and only one Form 1099 DIV will be sent to each participant 9 Any stock dividends or split shares distributed by a Fund on shares of Common Stock held by the Plan Agent for the participant shall be credited to the participant s account In the event that a Fund makes available to its shareholders rights to purchase additional shares, debentures, or other securities, the shares held for a participant under the Plan shall be added to other shares held by the participant in calculating the number of rights to be issued to such participant 10 The Plan Agent shall provide its services under this Plan in accordance with the standard of care set forth in the Transfer Agent Agreement between the Plan Agent and the Fund Provided it has done so, the Plan Agent shall not be liable under the Plan for any action taken or omitted by it in the performance of its duties under the Plan including, without limitation, any claims for liability (1) arising out of failure to terminate a participant s participation in the Plan upon the participant s death prior to receipt of notice in writing of such death, accompanied by appropriate instructions and such evidence of authority to act and documentation thereof and of death as the Plan Agent may require in its discretion, and (2) with respect to the choice of broker to effectuate share purchases, the prices at which shares are purchased for accounts of participants and the time such purchases are made 11 Each Fund reserves the right to amend or terminate the Plan as applied to Distributions paid subsequent to written notice of the change sent to all participants in the Plan at least 20 days before the record date for such matter or Distribution The Plan may also be amended or terminated by the Plan Agent by at least 90 days written notice to all participants in the Plan 12 The terms and conditions of the Plan and its operation shall be governed by the laws of the State of New York All inquiries regarding this Automatic Dividend Reinvestment Plan should include a reference to the relevant Fund and be directed to the following address: Computershare Shareowner Services PO Box 30170 College Station, TX 77842, United States If you participate in the Plan through your bank, broker or other nominee, information regarding your Plan account as well as assistance relating to your participation in the Plan will be provided to you by your bank, broker or nominee shareholders of DDF, VFL and VMM holding shares in nominee name will receive their Distributions in cash, if they either fail to notify their bank, broker or nominee of their wish to participate, or if they fail to have their shares taken out of street name when their nominee does not provide a dividend reinvestment service for the Fund Shareholders of VCF will receive their Distributions in cash unless they notify the Plan Agent and their bank, broker or nominee of their desire to enroll in the Plan THE DIVIDEND REINVESTMENT PLAN AT WORK Automatic Reinvestment The Plan Agent will receive the total amount of your Distribution on the shares of Common Stock of a Fund then held by you as well as on any additional full or fractional shares acquired through the Plan The Plan Agent will then buy shares of Common Stock of the Fund for you in the open market Your Distributions, regardless of size, will be fully invested The Plan Agent will credit you with fractional shares computed to three decimal places for any amount less than the cost of one full share Account Statements After each Distribution payment, each participant in the Plan will receive a statement detailing information about the Distribution received, the shares purchased and the total shares held in the participant s Plan account Custody of Shares The Plan Agent will hold the shares purchased for you until participation in the Plan is terminated or until you otherwise request to receive a certificate for all or part of your shares This provides convenient added protection against loss, theft or inadvertent destruction of stock certificates In addition to providing protection for the shares purchased through the Plan, you may also deposit the certificates you hold into your Plan account This will allow the same safekeeping feature to extend to all of your Fund shares We suggest that you use some form of insured mails when mailing your certificates to the Plan Agent for deposit The deposit transaction will be reflected on your next statement For more information see Terms and Conditions Tax Responsibility Distributions reinvested for you are subject to income taxes just as if they had been paid directly to you in cash For convenient record keeping and to assist you in preparing your taxes, you will receive a year-end statement showing distributions reinvested, and any brokerage commissions paid on your behalf You should retain this statement for your tax records We recommend that you consult your personal tax adviser concerning the proper tax treatment of these amounts as interpretations may differ, and laws, regulations and rulings may change over time TERMINATING PARTICIPATION IN THE PLAN Shareholders holding shares of the Funds in their own names who wish to terminate their participation in the Plan may do so by sending written instructions to the Plan Agent (see the address at the end of this document) so that the Plan Agent receives such instructions at least 10 days prior to the Distribution record date Shareholders with shares held in an account by a bank, broker or other nominee should contact such bank, broker or other nominee to determine the procedure for withdrawal from the Plan Shareholders owning shares of more than one Fund must specify the Fund or Funds to which their termination request pertains If written instructions are not received by the Plan Agent at least 10 days prior to the record date for a particular Distribution, that Distribution may be reinvested at the sole discretion of the Plan Agent After a shareholder s instructions to terminate participation in the Plan become effective, Distributions will be paid to the shareholder in cash Upon termination, a shareholder may elect to receive either stock or cash for all the full shares in the account If cash is elected, the Plan Agent will sell such shares at the then current market value and then send the net proceeds to the shareholder, after deducting brokerage commissions and related expenses, if any Any fractional shares at the time of termination will be paid in cash at the current market

price, less brokerage commissions and related expenses, if any Shareholders may at any time request a full or partial withdrawal of shares from the Plan, without terminating participation in the Plan, by contacting the Plan Agent or their bank or broker as appropriate Shareholders may elect to receive such withdrawals in stock or in cash as described above For more information see Terms and Conditions below When shares outside of the Plan are liquidated, Distributions on shares held under the Plan will continue to be reinvested unless the Plan Agent is notified of the participant s withdrawal from the Plan TERMS AND CONDITIONS OF AUTHORIZATION FOR THE AUTOMATIC DIVIDEND REINVESTMENT PLAN 1 The Plan Agent, acting as agent for each participant in this Plan, will apply all (but not less than all) Distributions which become payable to such participants on shares (including both shares held by the participant and full and fractional shares accumulated under the Plan) of the Common Stock of each Fund to the purchase of outstanding shares of the Common Stock of such Fund for such participant These purchases may be made on any securities exchange where such shares are traded or in the overthe-counter market, and may be subject to such terms of price, delivery and related matters to which the Plan Agent may agree The Funds will not issue new shares in connection with the Plan Common stockholders DDF, VFL and VMM that hold shares directly in their name are automatically enrolled in the Plan Shareholders of VCF that hold shares in their own names may participate in the Plan by providing the Plan Agent with written instructions to that effect Shareholders owning shares of more than one Fund must specify the Fund or Funds to which their enrollment request relates Reinvestment of Distributions will begin with the next Distribution paid as long as the Plan Agent is notified at least 10 days before the record date for such Distribution Beneficial owners whose Common Stock of a Fund is held in the name of a bank, broker or nominee must contact their bank, broker or nominee to determine whether or how they may participate in the Plan In addition, if such beneficial owners change banks, brokers, or nominees, they should contact both their old bank, broker or nominee and their new bank, broker or nominee to determine whether or how they may continue to participate in the Plan In the case of common stockholders, such as banks, brokers or nominees (each a Record Stockholder ), that hold shares of Common Stock of a Fund for others who are beneficial owners, the Plan Agent will administer the Plan on the basis of the number of shares certified from time to time by each such Record Stockholder as representing the total amount registered in the Record Stockholder s name and held for the account of beneficial owners who are participants in the Plan In such cases, the Plan Agent will recognize the Record Stockholder as the participant in the Plan and the Record Stockholder will, in turn, be responsible for maintaining records of participation in the Plan for each beneficial owner for whom it serves as Record Stockholder and will receive communications from the Plan on behalf of such beneficial owners All certifications given by Record Stockholders pursuant to this paragraph must be received by the Plan Agent at least five (5) business days prior to the payment date for a Distribution Neither the Funds nor the Plan Agent shall be responsible for any acts, errors, or omissions of any Record Stockholder 2 The Funds shall pay all fees of the Plan Agent in connection with the administration of the Plan, except brokerage commissions incurred with respect to the Plan Agent s market purchases in connection with the reinvestment of Distributions, which will be paid by each Plan participant on a pro-rata basis 3 In making purchases for a participant s account, the Plan Agent may commingle the participant s funds with those of other holders of a Fund s Common Stock participating in the Plan The price at which the Plan Agent shall be deemed to have acquired shares for the participant s account shall be the average price, including the participant s pro-rata portion of the brokerage commissions attributable to such purchase, of all shares purchased by the Plan Agent, as agent for participants in the Plan, with the funds available from the current Distribution of the Fund Except where the deferral of such investment may be necessary or advisable under applicable federal securities laws, the Plan Agent shall make every effort to invest Distributions promptly after each scheduled Distribution date and in no event later than 30 days after each scheduled date Shares in the account of each participant will be held by the Plan Agent in non-certificated form in the name of the participant The Plan Agent shall have no responsibility as to the market value of the shares acquired for a participant s account or as to its inability to obtain shares if none are reasonably available for purchase 4 A statement describing any Distributions invested, the number of shares of Common Stock purchased, the price per share, and the total number of shares of Common Stock accumulated for the participant s account will be mailed to each participant by the Plan Agent monthly, as soon as practicable after completion of each investment for a participant s account 5 Participants may obtain a certificate or certificates for all or part of the full shares credited to their accounts at any time by making a request in writing to the Plan Agent A fee may be charged to the participant for each certificate issuance 6 Participation in the Plan may be terminated by a participant at any time by written instructions, including any required signature guarantees of registered shareholders, to that effect to the Plan Agent There will be no penalty for withdrawal from the Plan and shareholders who have previously withdrawn from the Plan may rejoin at any time (subject to these terms and conditions) Changes in elections must be in writing and, if shares are held in certificate form, should include the shareholder s name and address as they appear on such share certificate To be effective on any given Distribution payment date, the notice to terminate must be received by the Plan Agent at least 10 days before the record date for that payment If a notice to terminate is received by the Plan Agent less that 10 days before the record date for a Distribution payment, such notice to terminate may not become effective until such Distribution has been reinvested and the shares purchased and credited to the participant s account under the Plan The Plan Agent, in its sole discretion, may either pay such Distribution in cash or reinvest it in shares on behalf of the terminating participant The Plan Agent may, for whatever reason as it may determine in its sole discretion, terminate a participant s participation in the Plan after mailing to the participant at his or her address as it appears on the Plan Agent s records, at least 90 days prior to such termination, a notice of intention to terminate A participant requesting termination may elect to receive either stock or cash for all the full shares in the account If cash is elected, the Plan Agent will sell such shares at the then current market value and then send the net proceeds to the participant, after deducting brokerage commissions and related expenses, if any If no election is made in the request for termination, stock will be issued for full shares The terminating participant will receive in cash the value of any fractional credited to his or her account at the then current market price, less brokerage commissions and related expenses, if any If a participant in the Plan disposes of all of the shares of Common Stock of a Fund that he or she holds outside of the Plan, instructions must be given to the Plan Agent in writing regarding how to handle shares held for the participant by the Plan Agent under the Plan If the Plan Agent received no instructions, it may continue to reinvest Distributions until otherwise notified 7 A participant shall have the sole right to vote all full and fractional shares purchased for such participant which are held by the Plan Agent under the Plan on the record date for a vote Proxies with respect to shares of Common Stock of a Fund sent to a participant by the Plan Agent, as transfer agent, shall include the number of full and fractional shares held for the participant under the Plan