UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number:        811-07460
 
Exact name of registrant as specified in charter:   Delaware Investments® Dividend and
Income Fund, Inc.
 
Address of principal executive offices: 2005 Market Street
Philadelphia, PA 19103
 
Name and address of agent for service: David F. Connor, Esq.
2005 Market Street
Philadelphia, PA 19103
 
Registrant’s telephone number, including area code: (800) 523-1918
 
Date of fiscal year end: November 30
 
Date of reporting period: February 28, 2015


Item 1. Schedule of Investments.

Schedule of investments

Delaware Investments® Dividend and Income Fund, Inc.
February 28, 2015 (Unaudited)

Number of       Value
shares (U.S. $)
Common Stock – 84.70%
Consumer Discretionary – 5.03%
     AMC Entertainment Holdings 15,000 $ 515,700
     Johnson Controls 41,200 2,093,372
     Lowe’s 33,500 2,482,015
  5,091,087
Consumer Staples – 8.47%
     Archer-Daniels-Midland 39,200 1,876,896
     CVS Health 23,600 2,451,332
     Kraft Foods Group 35,333 2,263,432
     Mondelez International  
          Class A 53,500 1,976,023
  8,567,683
Diversified REITs – 1.66%
     Fibra Uno Administracion 116,400 327,019
     Gramercy Property Trust 85,500 602,775
     Lexington Realty Trust 62,300 674,709
     Vornado Realty Trust 665 73,177
    1,677,680
Energy – 8.96%
     Chevron 17,600 1,877,568
     ConocoPhillips 28,600 1,864,720
     Halcon Resources † 964 1,851
     Halliburton 40,900 1,756,246
     Marathon Oil 61,400 1,710,604
     Occidental Petroleum 23,700 1,845,756
  9,056,745
Financials – 9.36%
     Allstate 31,700 2,238,020
     Ashford † 90 12,421
     Bank of New York Mellon 52,300 2,047,022
     BB&T 54,600 2,077,530
     Home Loan Servicing
          Solutions * 35,400 651,714
     Marsh & McLennan 37,400 2,127,686
     Solar Capital 15,528 312,423
  9,466,816
Healthcare – 12.78%
     Baxter International 29,000 2,005,350
     Cardinal Health 26,200 2,305,338
     Johnson & Johnson 19,100 1,957,941
     Merck 34,700 2,031,338
     Pfizer 68,689 2,357,406
     Quest Diagnostics 32,300 2,265,522
  12,922,895
Healthcare REITs – 0.90%
     Health Care REIT 5,600 431,816
     Healthcare Realty Trust 2,100 59,934
     Healthcare Trust of America
          Class A 9,100 252,525
     Ventas 2,200 163,834
  908,109
Hotel REITs – 1.17%
     Ashford Hospitality Prime 1,700 27,659
     Ashford Hospitality Trust 7,900 84,135
     DiamondRock Hospitality 15,800 228,784
     Pebblebrook Hotel Trust 3,500 170,030
     Strategic Hotels & Resorts † 17,700 232,224
     Summit Hotel Properties 33,800 443,794
  1,186,626
Industrial REITs – 0.91%
     DCT Industrial Trust 2,625 94,710
     Prologis 780 33,314
     STAG Industrial 19,400 484,030
     Terreno Realty 14,000 308,560
  920,614
Industrials – 6.93%
     Northrop Grumman 14,900 2,469,079
     Raytheon 19,800 2,153,646
     Waste Management 43,800 2,386,224
  7,008,949
Information Technology – 9.99%
     Broadcom Class A 49,800 2,252,454
     CA 47,370 1,540,472
     Cisco Systems 78,000 2,301,780
     Intel 58,100 1,931,825
     Xerox 151,900 2,073,435
  10,099,966
Mall REITs – 1.73%
     General Growth Properties 4,129 119,782
     Simon Property Group 8,547 1,627,007
  1,746,789
Materials – 2.43%
     duPont (E.I.) deNemours 28,800 2,242,080
     Tarkett * 9,027 212,176
  2,454,256
Mixed REITs – 0.30%
     CyrusOne 6,300 187,236
     PS Business Parks 1,400 116,452
303,688

(continues)     NQ-DDF [2/15] 4/15 (14209) 1


Schedule of investments

Delaware Investments® Dividend and Income Fund, Inc. (Unaudited)

Number of       Value
      shares (U.S. $)
Common Stock (continued)
Mortgage REIT – 0.29%
Starwood Property Trust 12,200 $ 297,680
297,680
Multifamily REITs – 1.58%
Apartment Investment &
     Management 10,919 411,428
Camden Property Trust 2,950 214,731
Equity Residential 5,000 385,150
Essex Property Trust 1,147 255,127
Post Properties 5,800 329,846
1,596,282
Office REITs – 2.33%
  alstria office REIT *† 21,023 289,942
Easterly Government
     Properties † 60,000 966,000
Equity Commonwealth † 20,000 529,000
Paramount Group † 9,000 165,150
Parkway Properties 23,000 405,030
2,355,122
Self-Storage REIT – 0.47%
Extra Space Storage 7,300 480,194
480,194
Shopping Center REITs – 2.23%  
DDR 21,600 409,104
First Capital Realty 10,481 164,651
Kimco Realty 15,530 408,128
Kite Realty Group Trust 24,500 693,840
Ramco-Gershenson Properties  
     Trust 11,700 219,024
Urban Edge Properties † 332 7,948
Weingarten Realty Investors 2,500 90,550
Wheeler Real Estate
     Investment Trust *@ 77,956 266,610
2,259,855
Single Tenant REIT – 0.25%
Spirit Realty Capital 20,800 254,800
254,800
Specialty REITs – 0.40%
American Residential
     Properties *† 8,900 154,326
EPR Properties 4,020 245,260
399,586
Telecommunications – 4.06%
AT&T * 59,200 2,045,952
Century Communications =† 500,000 0
Verizon Communications 41,600 2,057,120
4,103,072
Utilities – 2.47%
Abengoa Yield * 5,100 167,229
American Water Works 3,200 173,056
Edison International 33,600 2,158,800
2,499,085
Total Common Stock
(cost $60,361,612) 85,657,579
 
Convertible Preferred Stock – 2.79%
Chesapeake Energy 144A
     5.75% exercise price
     $26.14, expiration date
     12/31/49 # 87 87,707
Dynegy 5.375% exercise price
     $38.75, expiration date
     11/1/17 *@ 1,780 178,801
El Paso Energy Capital Trust I
     4.75% exercise price
     $34.49, expiration date
     3/31/28 5,250 315,210
Exelon 6.50% exercise price
     $43.75, expiration date
     6/1/17 3,650 181,040
Halcon Resources 5.75%
     exercise price $6.16,
     expiration date 12/31/49 130 45,207
HealthSouth 6.50% exercise
     price $29.70, expiration
     date 12/31/49 238 349,771
Huntington Bancshares
     8.50% exercise price
     $11.95, expiration date
     12/31/49 182 249,340
Intelsat 5.75% exercise price
     $22.05, expiration date
     5/1/16 6,898 253,639
Laclede Group 6.75%
     exercise price $57.81,
     expiration date 4/1/17 1,550 84,134
Maiden Holdings 7.25%
     exercise price $15.35,
     expiration date 9/15/16 6,000 304,260
SandRidge Energy 8.50%
     exercise price $8.01,
     expiration date 12/31/49 1,780 85,885

2 NQ-DDF [2/15] 4/15 (14209)


(Unaudited)

Number of Value
      shares       (U.S. $)
Convertible Preferred Stock (continued)
T-Mobile US 5.50% exercise
     price $31.02, expiration
     date 12/15/17 2,110 $ 127,444
Wells Fargo 7.50% exercise
     price $156.71, expiration
     date 12/31/49 259 314,027
Weyerhaeuser 6.375%
     exercise price $33.13,
     expiration date 7/1/16 3,638 212,241
Wheeler Real Estate
     Investment Trust 9.00%
     exercise price $5.00,
       expiration date  
     12/31/49 @= 34 35,385
Total Convertible Preferred
Stock (cost $2,728,235) 2,824,091
 
Principal
amount°
Convertible Bonds – 8.21%
Basic Industry – 0.47%
Abengoa 144A 5.125%  
     exercise price $38.74,
     expiration date 2/23/17 # 200,000 200,000
Peabody Energy 4.75%
     exercise price $57.62,  
     expiration date 12/15/41 * 135,000 63,450
RTI International Metals
     1.625% exercise price
     $40.72, expiration date
     10/10/19 * 215,000 212,984
476,434
Capital Goods – 0.28%
Cemex 3.25% exercise price
     $9.65, expiration date
     3/9/16 69,000 80,989
Titan Machinery 3.75%
     exercise price $43.17,
     expiration date 4/30/19 * 277,000 202,383
283,372
Communications – 1.17%
Alaska Communications
     Systems Group 6.25%
     exercise price $10.28,
     expiration date 4/27/18 253,000 245,410
Clearwire Communications
     144A 8.25% exercise price
     $7.08, expiration date
     11/30/40 # 213,000 233,235
Liberty Interactive
     0.75% exercise price
     $1,000.00, expiration date
     3/30/43 205,000 292,381
     144A 1.00% exercise price
     $74.31, expiration date
     9/28/43 # 364,000 408,135
1,179,161
Consumer Cyclical – 0.62%
Huron Consulting Group
     144A 1.25% exercise price
     $79.89, expiration date
     9/27/19 # 181,000 196,837
Iconix Brand Group 2.50%
     exercise price $30.75,
     expiration date 5/31/16 164,000 195,263
Meritor 4.00% exercise price
     $26.73, expiration date
     2/12/27 ϕ 217,000 229,477
621,577
Consumer Non-Cyclical – 1.62%
BioMarin Pharmaceutical
     1.50% exercise price
     $94.15, expiration date
     10/13/20 * 122,000 167,903
Hologic 2.00% exercise price
     $31.17, expiration date
     2/27/42 *ϕ 214,000 264,557
Hologic 2.00% exercise price
     $38.59, expiration date
     12/15/43 227,000 261,901
NuVasive 2.75% exercise
     price $42.13, expiration
     date 6/30/17 274,000 345,754
Spectrum Pharmaceuticals
     2.75% exercise price
     $10.53, expiration date
     12/13/18 232,000 213,875
Vector Group
     1.75% exercise price
     $25.87, expiration date
     4/15/20 223,000 240,701
     2.50% exercise price  
     $16.78, expiration date
     1/14/19 ● 97,000 141,516
1,636,207

(continues)     NQ-DDF [2/15] 4/15 (14209) 3


Schedule of investments

Delaware Investments® Dividend and Income Fund, Inc. (Unaudited)

Principal Value
      amount°       (U.S. $)
Convertible Bonds (continued)
Energy – 0.51%
Chesapeake Energy 2.50%
     exercise price $47.77,  
     expiration date 5/15/37 126,000 $ 122,850
Energy XXI 3.00% exercise  
     price $40.40, expiration
     date 12/13/18 316,000 123,240
Helix Energy Solutions Group  
     3.25% exercise price
     $25.02, expiration date
     3/12/32 * 140,000 142,363
Vantage Drilling 144A 5.50%  
     exercise price $2.39,
     expiration date 7/15/43 # 189,000 130,410
518,863
Financials – 0.86%
  Ares Capital 5.75% exercise
     price $19.13, expiration
     date 2/1/16 224,000 232,820
BGC Partners 4.50% exercise
     price $9.84, expiration
     date 7/13/16 252,000 273,893
Gain Capital Holdings  
     4.125% exercise price
     $12.00, expiration date  
     11/30/18 139,000 147,948
New Mountain Finance 144A
     5.00% exercise price
     $15.93, expiration date
     6/14/19 # 214,000 218,949
873,610
Industrials – 0.19%
General Cable 4.50% exercise
     price $34.47, expiration
     date 11/15/29 ϕ 270,000 188,831
188,831
Real Estate Investment Trusts – 0.69%
Blackstone Mortgage Trust
     5.25% exercise price
     $28.66, expiration date
     12/1/18 * 285,000 296,934
Campus Crest Communities
     Operating Partnership
     144A 4.75% exercise price
     $12.56, expiration date
     10/11/18 # 224,000 216,580
Lexington Realty Trust 144A
     6.00% exercise price
     $6.60, expiration date
     1/11/30 # 118,000 188,800
702,314
Technology – 1.80%
Blucora 4.25% exercise price
     $21.66, expiration date
     3/29/19 148,000 141,340
Cardtronics 1.00% exercise
     price $52.35, expiration
     date 11/27/20 * 317,000 311,849
Ciena 144A 3.75% exercise
     price $20.17, expiration
     date 10/15/18 # 226,000 287,726
Electronics For Imaging 144A
     0.75% exercise price
     $52.72, expiration date
     8/29/19 # 125,000 127,109
Intel 3.25% exercise price
     $21.47, expiration date
     8/1/39 130,000 214,988
j2 Global 3.25% exercise
     price $69.37, expiration
     date 6/14/29 * 256,000 299,200
PROS Holdings 144A 2.00%
     exercise price $33.79,
     expiration date 11/27/19 # 143,000 143,804
SanDisk 1.50% exercise price
     $51.36, expiration date
     8/11/17 105,000 170,297
VeriSign 4.136% exercise
     price $34.37, expiration
     date 8/15/37 67,000 128,138
1,824,451
Total Convertible Bonds
(cost $7,917,998) 8,304,820
 
Corporate Bonds – 37.08%
Automobiles – 0.77%
Gates Global 144A
     6.00% 7/15/22 #* 285,000 275,025
General Motors
     4.875% 10/2/23 90,000 98,493
International Automotive
     Components Group 144A
     9.125% 6/1/18 # 220,000 223,850
Meritor
     6.25% 2/15/24 65,000 66,463

4 NQ-DDF [2/15] 4/15 (14209)


(Unaudited)

Principal       Value
amount° (U.S. $)
Corporate Bonds (continued)
Automobiles (continued)
     Meritor
          6.75% 6/15/21 110,000 $ 115,775
779,606
Banking – 1.81%
     Bank of America 6.50%
          10/29/49 *● 210,000 223,059
     Barclays Bank
          7.625% 11/21/22 200,000 229,250
     Credit Suisse Group 144A
          7.50% 12/29/49 #● 305,000 327,875
     HSBC Holdings 6.375%
          12/29/49 *● 200,000 205,900
     JPMorgan Chase
          6.75% 1/29/49 ● 205,000 222,359
     Lloyds Banking Group 7.50%
          4/30/49 *● 330,000 346,500
     Popular 7.00% 7/1/19 270,000 272,700
1,827,643
Basic Industry – 3.95%
     AK Steel
          7.625% 5/15/20 144,000 131,400
          7.625% 10/1/21 100,000 87,750
     American Tire Distributors
          144A 10.25% 3/1/22 # 95,000 99,513
     ArcelorMittal 6.25% 3/1/21 60,000 65,625
     Bombardier  
          144A 5.50% 9/15/18 # 20,000   20,000
          144A 7.50% 3/15/25 # 60,000 60,000
     Builders FirstSource 144A
          7.625% 6/1/21 #* 207,000 210,105
     Cliffs Natural Resources
          5.95% 1/15/18 75,000 67,500
     Consolidated Energy Finance
          144A 6.75% 10/15/19 # 200,000 199,000
     CPG Merger Sub 144A
          8.00% 10/1/21 # 155,000 156,937
     First Quantum Minerals
          144A 6.75% 2/15/20 # 52,000 48,620
          144A 7.00% 2/15/21 # 97,000 90,453
     FMG Resources August 2006
          144A 6.875% 4/1/22 #* 117,000 98,280
          144A 8.25% 11/1/19 #* 95,000 90,131
     Grace (W.R.)
          144A 5.125% 10/1/21 # 80,000 83,000
          144A 5.625% 10/1/24 # 80,000 86,300
     Hardwoods Acquisition 144A
          7.50% 8/1/21 # 135,000 130,275
     HD Supply 11.50% 7/15/20 170,000 196,350
     Kissner Milling 144A
          7.25% 6/1/19 # 115,000 117,587
     LSB Industries 7.75% 8/1/19 140,000 146,650
     Lundin Mining 144A
          7.875% 11/1/22 # 205,000 212,687
     NCI Building Systems 144A
          8.25% 1/15/23 # 105,000 109,725
     New Gold 144A
          6.25% 11/15/22 # 156,000 155,220
     Nortek 8.50% 4/15/21 129,000 139,320
     NOVA Chemicals 144A
          5.00% 5/1/25 # 115,000 121,756
     Polymer Group 144A
          6.875% 6/1/19 # 240,000 231,300
     Rayonier AM Products 144A
          5.50% 6/1/24 # 205,000 176,813
     Ryerson
          9.00% 10/15/17 120,000 123,000
          11.25% 10/15/18 34,000 35,870
     Steel Dynamics 144A
          5.50% 10/1/24 # 125,000 130,000
     TPC Group 144A
          8.75% 12/15/20 # 250,000 230,625
     Wise Metals Group 144A
          8.75% 12/15/18 # 80,000 87,100
     Wise Metals Intermediate
          Holdings 144A
          9.75% 6/15/19 # 55,000 59,606
3,998,498
Capital Goods – 2.60%
     Accudyne Industries 144A
          7.75% 12/15/20 # 180,000 171,000
     Ardagh Packaging Finance
          144A 6.00% 6/30/21 #* 200,000 195,250
     BWAY Holding 144A
          9.125% 8/15/21 # 340,000 355,300
     Cemex 144A
          7.25% 1/15/21 # 200,000 214,000
     Consolidated Container 144A
          10.125% 7/15/20 # 171,000 147,915
     Gardner Denver 144A
          6.875% 8/15/21 #* 245,000 238,875
     KLX 144A 5.875% 12/1/22 # 185,000 189,394
     Milacron 144A
          7.75% 2/15/21 # 180,000 189,000
     Plastipak Holdings 144A
          6.50% 10/1/21 # 225,000 230,063
     Reynolds Group Issuer
          8.25% 2/15/21 145,000 153,337

(continues)     NQ-DDF [2/15] 4/15 (14209) 5


Schedule of investments

Delaware Investments® Dividend and Income Fund, Inc. (Unaudited)

Principal       Value
amount° (U.S. $)
Corporate Bonds (continued)
Capital Goods (continued)
     Signode Industrial Group
          144A 6.375% 5/1/22 # 175,000 $ 173,250
     TransDigm
          6.00% 7/15/22 205,000 208,587
          6.50% 7/15/24 160,000 164,400
2,630,371
Communications – 3.91%
     CenturyLink 6.75% 12/1/23 * 115,000 130,309
     Cogent Communications
          Finance 144A
          5.625% 4/15/21 # 185,000 183,150
     Cogent Communications
          Group 144A
          5.375% 3/1/22 # 60,000 60,600
     Digicel 144A 6.75% 3/1/23 # 200,000   202,250
     Digicel Group
          144A 7.125% 4/1/22 # 200,000 191,000
          144A 8.25% 9/30/20 # 221,000 224,647
     Equinix
          5.375% 1/1/22 75,000 78,563
          5.75% 1/1/25 130,000 137,150
     Hughes Satellite Systems
          7.625% 6/15/21 160,000 178,200
     Intelsat Luxembourg
          8.125% 6/1/23 625,000   584,375
     Level 3 Communications
          5.75% 12/1/22 185,000 191,013
     Level 3 Financing
          5.375% 8/15/22 165,000 171,549
     Sprint
          7.125% 6/15/24 485,000 485,000
          7.25% 9/15/21 5,000 5,122
          7.875% 9/15/23 125,000 129,687
     T-Mobile USA
          6.00% 3/1/23 75,000 78,413
          6.125% 1/15/22 55,000 58,094
          6.25% 4/1/21 85,000 89,250
          6.375% 3/1/25 130,000 136,175
     Wind Acquisition Finance
          144A 7.375% 4/23/21 # 200,000 209,000
     Windstream
          7.50% 6/1/22 105,000 103,819
          7.75% 10/1/21 115,000 116,725
     Zayo Group 144A
          6.00% 4/1/23 #* 205,000 210,638
3,954,729
Consumer Cyclical – 1.89%
     Chinos Intermediate Holdings
          144A PIK 7.75%
          5/1/19 #*❆ 155,000 137,175
     DBP Holding 144A
          7.75% 10/15/20 # 121,000 111,320
     Family Tree Escrow
          144A 5.25% 3/1/20 # 30,000 31,500
          144A 5.75% 3/1/23 # 150,000 158,625
     Landry’s 144A
          9.375% 5/1/20 # 380,000 411,825
     Michaels Stores 144A
          5.875% 12/15/20 # 145,000 150,075
     Midas Intermediate Holdco II
          144A 7.875% 10/1/22 # 140,000 136,500
     Pantry 8.375% 8/1/20 195,000 215,475
     Party City Holdings
          8.875% 8/1/20 140,000 153,650
     PC Nextco Holdings
          8.75% 8/15/19 110,000 112,750
     PF Chang’s China Bistro 144A
          10.25% 6/30/20 #* 130,000 131,950
     Wynn Las Vegas 144A
          5.50% 3/1/25 # 160,000 161,792
1,912,637
Consumer Non-Cyclical – 1.40%
     Cott Beverages 144A
          6.75% 1/1/20 # 245,000 245,613
     Darling Ingredients
          5.375% 1/15/22 70,000 70,963
     DS Services of America 144A
          10.00% 9/1/21 # 80,000 93,800
     JBS Investments 144A
          7.75% 10/28/20 # 200,000 211,500
     Prestige Brands 144A
          5.375% 12/15/21 #* 140,000 142,625
     Spectrum Brands
          144A 6.125% 12/15/24 # 240,000 259,200
          6.625% 11/15/22 135,000 148,500
     SUPERVALU 7.75% 11/15/22 225,000 239,063
1,411,264
Energy – 4.26%
     Baytex Energy 144A
          5.625% 6/1/24 # 175,000 165,725
     California Resources
          144A 5.50% 9/15/21 #* 185,000 169,737
          144A 6.00% 11/15/24 #* 155,000 138,919
     Calumet Specialty Products
          Partners 7.625% 1/15/22 280,000 287,000

6 NQ-DDF [2/15] 4/15 (14209)


(Unaudited)

Principal       Value
amount° (U.S. $)
Corporate Bonds (continued)
Energy (continued)
     Chaparral Energy
          7.625% 11/15/22 130,000 $ 97,500
          8.25% 9/1/21 85,000 66,300
     CHC Helicopter
          9.375% 6/1/21 65,000 53,300
     Chesapeake Energy
          4.875% 4/15/22 * 240,000 238,200
     CSI Compressco 144A
          7.25% 8/15/22 # 145,000 127,600
     Energy Transfer Equity
          5.875% 1/15/24 86,000 92,450
     Exterran Partners
          6.00% 4/1/21 100,000 92,500
     Genesis Energy
          5.75% 2/15/21 215,000 211,775
     Halcon Resources
          9.75% 7/15/20 * 250,000 193,750
     Laredo Petroleum
          5.625% 1/15/22 120,000 115,800
          7.375% 5/1/22 100,000 103,500
     Linn Energy 6.25% 11/1/19 180,000 154,350
     MarkWest Energy Partners
          4.875% 12/1/24 180,000 185,850
     Murphy Oil USA
          6.00% 8/15/23 190,000 203,537
     Northern Oil & Gas  
          8.00% 6/1/20 * 175,000 161,875
     NuStar Logistics
          6.75% 2/1/21 115,000   122,552
     Oasis Petroleum
          6.875% 3/15/22 * 230,000 226,550
     Ocean Rig UDW 144A
          7.25% 4/1/19 # 163,000 99,837
     PDC Energy 7.75% 10/15/22 185,000 193,325
     Pioneer Energy Services
          6.125% 3/15/22 210,000 162,225
     Regency Energy Partners
          5.875% 3/1/22 190,000 208,525
     Sabine Pass Liquefaction
          144A 5.625% 3/1/25 # 185,000 186,156
     Targa Resources Partners
          5.25% 5/1/23 150,000 153,750
     Western Refining Logistics
          144A 7.50% 2/15/23 # 95,000 97,613
4,310,201
Financials – 0.57%
     Argos Merger Sub 144A
          7.125% 3/15/23 # 110,000 114,125
     E*TRADE Financial
          5.375% 11/15/22 130,000 137,475
     Infinity Acquisition 144A
          7.25% 8/1/22 # 125,000 116,563
     James Hardie International
          Finance 144A
          5.875% 2/15/23 # 200,000 205,250
573,413
Healthcare – 2.89%
     Air Medical Group Holdings
          9.25% 11/1/18 109,000 114,995
     Amsurg 5.625% 7/15/22 47,000 50,055
     Community Health Systems
          6.875% 2/1/22 * 405,000 435,122
     DaVita HealthCare Partners
          5.125% 7/15/24 450,000 467,719
     HCA
          5.375% 2/1/25 185,000 197,025
          5.875% 5/1/23 110,000 120,725
     HealthSouth 5.75% 11/1/24 95,000 99,750
     Immucor 11.125% 8/15/19 305,000 328,256
     Kinetic Concepts
          10.50% 11/1/18 124,000 135,935
          12.50% 11/1/19 * 85,000 94,350
     Mallinckrodt International
          Finance 4.75% 4/15/23 105,000 103,163
     Par Pharmaceutical
          7.375% 10/15/20 380,000 404,700
     Tenet Healthcare
          144A 5.00% 3/1/19 # 130,000 130,975
          8.125% 4/1/22 215,000 244,025
2,926,795
Insurance – 0.92%
     American International Group
          8.175% 5/15/58 ● 170,000 236,300
     HUB International 144A
          7.875% 10/1/21 # 215,000 221,450
     USI 144A 7.75% 1/15/21 # 190,000 194,275
     XLIT 6.50% 10/29/49 ● 320,000 282,400
934,425
Media – 5.49%
     Altice
          144A 7.625% 2/15/25 # 200,000 207,500
          144A 7.75% 5/15/22 # 210,000 217,350
     Altice Financing 144A
          6.625% 2/15/23 # 205,000 214,481
     CCO Holdings
          5.25% 9/30/22 50,000 51,313

(continues)     NQ-DDF [2/15] 4/15 (14209) 7


Schedule of investments

Delaware Investments® Dividend and Income Fund, Inc. (Unaudited)

Principal       Value
amount° (U.S. $)
Corporate Bonds (continued)
Media (continued)
     CCOH Safari
          5.50% 12/1/22 130,000 $ 134,713
          5.75% 12/1/24 230,000 238,625
     Columbus International 144A
          7.375% 3/30/21 # 400,000 421,500
     CSC Holdings 144A
          5.25% 6/1/24 # 413,000 422,809
     DISH DBS 5.875% 11/15/24 115,000 114,713
     Gannett 144A
          5.50% 9/15/24 # 140,000 145,950
     Gray Television
          7.50% 10/1/20 310,000 323,950
     iHeartCommunications
          9.00% 9/15/22 540,000 522,450
     LIN Television 144A
          5.875% 11/15/22 # 250,000   256,250
     MDC Partners 144A
          6.75% 4/1/20 # 200,000 211,250
     Nexstar Broadcasting 144A  
          6.125% 2/15/22 # 200,000 204,500
     Numericable 144A
          6.00% 5/15/22 # 210,000 213,937
     Outfront Media Capital
          5.875% 3/15/25 130,000 138,287
     RCN Telecom Services 144A  
          8.50% 8/15/20 # 150,000 159,750
     Sinclair Television Group
          144A 5.625% 8/1/24 # 345,000 351,037
     Unitymedia KabelBW 144A
          6.125% 1/15/25 # 230,000 244,663
     Univision Communications
          144A 5.125% 5/15/23 # 115,000 119,600
     Virgin Media Finance 144A
          6.375% 4/15/23 # 200,000 217,000
     VTR Finance 144A
          6.875% 1/15/24 # 400,000 420,000
5,551,628
Services – 2.75%
     AECOM Technology
          144A 5.75% 10/15/22 # 80,000 84,000
          144A 5.875% 10/15/24 # 115,000 122,475
     Algeco Scotsman Global
          Finance 144A
          10.75% 10/15/19 # 280,000 240,800
     BlueLine Rental Finance 144A
          7.00% 2/1/19 # 60,000 62,400
     Caesars Growth Properties
          Holdings 144A
          9.375% 5/1/22 # 135,000 111,375
     Covanta Holding
          5.875% 3/1/24 200,000 209,000
     Geo Group
          5.125% 4/1/23 80,000 82,000
          5.875% 10/15/24 135,000 142,087
     Mattamy Group 144A
          6.50% 11/15/20 # 235,000 228,537
     MGM Resorts International
          6.00% 3/15/23 * 330,000 344,850
     Navios South American
          Logistics 144A
          7.25% 5/1/22 # 180,000 174,375
     Omnicare
          4.75% 12/1/22 40,000 41,950
          5.00% 12/1/24 115,000 121,613
     Pinnacle Entertainment
          6.375% 8/1/21 * 85,000 90,737
          7.75% 4/1/22 120,000 129,900
     United Rentals North America
          5.75% 11/15/24 285,000 302,100
     Watco 144A
          6.375% 4/1/23 # 90,000 90,900
     West 144A
          5.375% 7/15/22 # 210,000 204,750
2,783,849
Technology – 1.77%
     CDW
          5.00% 9/1/23 60,000 60,450
          5.50% 12/1/24 103,000 107,377
     CommScope 144A
          5.50% 6/15/24 # 200,000 203,500
     Entegris 144A
          6.00% 4/1/22 # 200,000 209,000
     First Data
          11.25% 1/15/21 150,000 171,750
          11.75% 8/15/21 272,000 318,240
     Infor Software Parent 144A
          PIK 7.125% 5/1/21 #❆ 315,000 318,150
     j2 Global 8.00% 8/1/20 185,000 200,725
     NCR 6.375% 12/15/23 90,000 95,625
     Viasystems 144A
          7.875% 5/1/19 # 95,000 100,700
1,785,517
Utilities – 2.10%
     Abengoa Yield 144A
          7.00% 11/15/19 #* 200,000 209,000
     AES 5.50% 3/15/24 255,000 260,100

8 NQ-DDF [2/15] 4/15 (14209)


(Unaudited)

Principal       Value
amount° (U.S. $)
Corporate Bonds (continued)
Utilities (continued)
     AES Gener 144A 8.375%
          12/18/73 #*● 200,000 $ 219,000
     Calpine
          5.375% 1/15/23 320,000 326,400
          5.50% 2/1/24 100,000 101,250
     DPL 144A 6.75% 10/1/19 # 170,000 178,500
     Dynegy 5.875% 6/1/23 120,000 118,800
     Dynegy Finance I/II
          144A 6.75% 11/1/19 # 65,000 68,087
          144A 7.375% 11/1/22 # 110,000 116,600
          144A 7.625% 11/1/24 # 105,000 111,563
     Enel 144A
          8.75% 9/24/73 #● 200,000 245,105
     GenOn Energy
          9.875% 10/15/20 165,000 168,300
2,122,705
Total Corporate Bonds
     (cost $37,236,756) 37,503,281
 
Senior Secured Loans – 2.00%«
     Applied Systems 2nd Lien
          7.50% 1/23/22 202,000 201,293
     Ashland Water 2nd Lien
          7.75% 7/31/22 75,000 73,313
     Atkore International 2nd Lien
          7.75% 10/9/21 70,000 66,419
     Avaya Tranche B-3
          4.668% 10/26/17 165,000 160,488
     Azure Midstream Tranche B
          6.50% 11/15/18 35,518 33,032
     BJ’s Wholesale Club 2nd Lien
          8.50% 3/31/20 165,000 163,659
     Borgata Tranche B 1st Lien
          6.50% 8/15/18 162,875 164,504
     Clear Channel
          Communications Tranche D
          6.922% 1/30/19 115,000 110,371
     Flint Group 2nd Lien
          8.25% 4/8/22 210,000 200,550
     Hostess Brands 1st Lien
          6.75% 3/20/20 198,500 202,718
     Mauser Holdings 2nd Lien
          8.25% 7/31/22 215,000 210,700
     Moxie Liberty Tranche B
          7.50% 8/21/20 105,000 106,050
     Moxie Patriot (Panda Power
          Fund) Tranche B1
          6.75% 12/19/20 100,000 100,375
     Panda Stonewall Tranche B
          6.50% 11/13/21 125,000 126,641
     Rite Aid 2nd Lien
          5.75% 8/21/20 97,000 97,930
Total Senior Secured Loans
     (cost $2,043,516) 2,018,043
 
  Number of
shares
Limited Partnership – 1.82%
     Ares Management * 16,900 343,070
     Brookfield Infrastructure
          Partners * 9,400 427,230
     CrossAmerica Partners 31,200 1,068,912
Total Limited Partnership
     (cost $1,209,823) 1,839,212
 
Preferred Stock – 0.75%
     Ally Financial 144A 7.00% # 400 403,063
     GMAC Capital Trust I
          8.125% ● 8,000 208,240
     Regions Financial 6.375% * 6,000 150,600
Total Preferred Stock
     (cost $728,170) 761,903
 
Warrant – 0.00%
     Wheeler Real Estate
          Investment Trust strike
          price $5.50, expiration
          date 4/29/19 @† 7,872 2,204
Total Warrant (cost $65) 2,204
 
Principal
amount°
Short-Term Investments – 2.32%
Discount Notes – 1.50%≠
     Federal Home Loan Bank
          0.06% 4/8/15 163,199   163,195
          0.065% 3/5/15 504,485 504,485
          0.065% 4/20/15   320,848 320,840
          0.07% 4/6/15 309,840 309,834
          0.08% 3/18/15 84,051   84,050
          0.085% 3/27/15 135,153 135,152
1,517,556

(continues)     NQ-DDF [2/15] 4/15 (14209) 9


Schedule of investments

Delaware Investments® Dividend and Income Fund, Inc. (Unaudited)

Principal Value
amount°       (U.S. $)
Short-Term Investments (continued)
Repurchase Agreements – 0.82%
     Bank of America Merrill Lynch
          0.03%, dated 2/27/15, to
          be repurchased on 3/2/15,
          repurchase price $301,115
          (collateralized by U.S.
          government obligations
          0.00%-3.625%
          9/30/16-8/15/43; market
          value $307,137) 301,115 $ 301,115
     Bank of Montreal
          0.06%, dated 2/27/15, to
          be repurchased on 3/2/15,
          repurchase price $250,930
          (collateralized by U.S.
          government obligations
          0.00%-9.125%
          4/23/15-6/30/21; market
          value $255,947) 250,929 250,929
     BNP Paribas
          0.07%, dated 2/27/15, to  
          be repurchased on 3/2/15,
          repurchase price $278,958
          (collateralized by U.S.
          government obligations  
          0.00%-3.500%  
          4/15/19-11/15/42; market
          value $284,536) 278,957 278,956
831,000
Total Short-Term
     Investments
     (cost $2,348,508) 2,348,556
Total Value of Securities
     Before Securities Lending
     Collateral – 139.67%
     (cost $114,574,683) 141,259,689
 
Number of
shares
Securities Lending Collateral** – 6.54%
Investment Company
     Delaware Investments®
          Collateral Fund No. 16,614,956 6,614,956
Total Securities Lending
     Collateral (cost $6,614,956) 6,614,956
Total Value of
     Securities – 146.21%
     (cost $121,189,639) 147,874,645 ■
Obligation to Return
     Securities Lending
     Collateral – (6.54%) (6,614,956 )
Borrowing Under Line of
     Credit – (39.55%) (40,000,000 )
Liabilities Net of
     Receivables and Other
     Assets – (0.12%) (122,602 )
Net Assets – 100.00% $ 101,137,087
____________________

# Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. At Feb. 28, 2015, the aggregate value of Rule 144A securities was $21,737,589,which represents 21.49% of the Fund’s net assets.
* Fully or partially on loan.
** See Note 3 in “Notes” for additional information on securities lending collateral and non-cash collateral.
@ Illiquid security. At Feb. 28, 2015, the aggregate value of illiquid securities was $483,000, which represents 0.48% of the Fund’s net assets.
❆ 100% of the income received was in the form of additional cash.
= Security is being fair valued in accordance with the Fund’s fair valuation policy. At Feb. 28, 2015, the aggregate value of fair valued securities was $35,385, which represents 0.03% of the Fund’s net assets.
≠ The rate shown is the effective yield at the time of purchase.
■ Includes $8,657,696 of securities loaned.
° Principal amount shown is stated in U.S. dollars unless noted that the security is denominated in another currency.
† Non-income-producing security.
● Variable rate security.The rate shown is the rate as of Feb. 28, 2015. Interest rates reset periodically.
«
ϕ Step coupon bond.Coupon increases or decreases periodically based on a predetermined schedule. Stated rate in effect at Feb. 28, 2015.

10 NQ-DDF [2/15] 4/15 (14209)


(Unaudited)

The Fund may invest in floating rate loans. In connection with these investments, the Fund may also enter into unfunded corporate loan commitments (commitments). Commitments may obligate the Fund to furnish temporary financing to a borrower until permanent financing can be arranged. In connection with these commitments, the Fund earns a commitment fee, typically set as a percentage of the commitment amount. The following unfunded loan commitments were outstanding at Feb. 28, 2015:

Unfunded Commitments

Unrealized
Appreciation
Borrower       Unfunded Amount       Cost       Value       (Depreciation)
Rite Aid Bridge Loan $200,000   $ 200,000 $ 201,000   $1,000  
SS&C Technologies
       Bridge Loan 200,000 200,000 200,000 —
Total $ 401,000 $1,000

Summary of abbreviations:
HSBC – Hong Kong Shanghai Bank
PIK – Pay-in-kind
REIT – Real Estate Investment Trust

NQ-DDF [2/15] 4/15 (14209) 11


Notes

Delaware Investments® Dividend and Income Fund, Inc.
February 28, 2015 (Unaudited)

1. Significant Accounting Policies

The following accounting policies are in accordance with U.S. generally accepted accounting principles (U.S. GAAP) and are consistently followed by Delaware Investments® Dividend and Income Fund, Inc. (Fund). This report covers the period of time since the Fund’s last fiscal year end.

Security Valuation — Equity securities and Exchange-Traded Funds (ETFs), except those traded on the Nasdaq Stock Market, Inc. (Nasdaq), are valued at the last quoted sales price as of the time of the regular close of the New York Stock Exchange on the valuation date. Securities and ETFs traded on the Nasdaq are valued in accordance with the Nasdaq Official Closing Price, which may not be the last sales price. If, on a particular day, an equity security or ETF does not trade, the mean between the bid and ask prices will be used, which approximates fair value. Securities listed on a foreign exchange are normally valued at the last quoted sales price on the valuation date. U.S. government and agency securities are valued at the mean between the bid and ask prices, which approximates fair value. Investment company securities are valued at net asset value per share, as reported by the underlying investment company. Other debt securities are valued based upon valuations provided by an independent pricing service or broker and reviewed by management. To the extent current market prices are not available, the pricing service may take into account developments related to the specific security, as well as transactions in comparable securities. Valuations for fixed income securities utilize matrix systems, which reflect such factors as security prices, yields, maturities, and ratings, and are supplemented by dealer and exchange quotations. Foreign currency exchange contracts and foreign cross currency exchange contracts are valued at the mean between the bid and ask prices, which approximates fair value. Interpolated values are derived when the settlement date of the contract is an interim date for which quotations are not available. Futures contracts are valued at the daily quoted settlement prices. Generally, other securities and assets for which market quotations are not readily available are valued at fair value as determined in good faith under the direction of the Fund’s Board of Directors. In determining whether market quotations are readily available or fair valuation will be used, various factors will be taken into consideration, such as market closures or suspension of trading in a security. The Fund may use fair value pricing more frequently for securities traded primarily in non-U.S. markets because, among other things, most foreign markets close well before the Fund values its securities, generally as of 4:00 p.m. Eastern time. The earlier close of these foreign markets gives rise to the possibility that significant events, including broad market moves, government actions or pronouncements, aftermarket trading, or news events may have occurred in the interim. Whenever such a significant event occurs, the Fund may frequently value foreign securities using fair value prices based on third-party vendor modeling tools (international fair value pricing).

2. Investments

U.S. GAAP defines fair value as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date under current market conditions. A three-level hierarchy for fair value measurements has been established based upon the transparency of inputs to the valuation of an asset or liability. Inputs may be observable or unobservable and refer broadly to the assumptions that market participants would use in pricing the asset or liability. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions that market participants would use in pricing the asset or liability based on the best information available under the circumstances. The Fund’s investment in its entirety is assigned a level based upon the observability of the inputs which are significant to the overall valuation. The three-level hierarchy of inputs is summarized below.

Level 1 – 

inputs are quoted prices in active markets for identical investments. (Examples: equity securities, open-end investment companies, futures contracts, exchange-traded options contracts)

   
Level 2 –

other observable inputs, including, but not limited to: quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, and default rates), or other market-corroborated inputs. (Examples: debt securities, government securities, swap contracts, foreign currency exchange contracts, foreign securities utilizing international fair value pricing, broker-quoted securities, fair valued securities)

 
Level 3 –

Significant unobservable inputs, including the Fund’s own assumptions used to determine the fair value of investments. (Examples: broker-quoted securities, fair valued securities)

12 NQ-DDF [2/15] 4/15 (14209)


(Unaudited)

Level 3 investments are valued using significant unobservable inputs. The Fund may also use an income-based valuation approach in which the anticipated future cash flows of the investment are discounted to calculate fair value. Discounts may also be applied due to the nature or duration of any restrictions on the disposition of the investments. Valuations may also be based upon current market prices of securities that are comparable in coupon, rating, maturity, and industry. The derived value of a Level 3 investment may not represent the value which is received upon disposition and this could impact the results of operations.

The following table summarizes the valuation of the Fund’s investments by fair value hierarchy levels as of Feb. 28, 2015:

Level 1       Level 2       Level 3       Total
Common Stock $ 85,657,579 $ — $ — $ 85,657,579
Convertible Preferred Stock1 2,136,002   652,704 35,385 2,824,091
Corporate Debt — 45,808,101 — 45,808,101
Senior Secured Loans — 2,018,043 — 2,018,043
Limited Partnership 1,839,212 — —   1,839,212
Preferred Stock1 358,840 403,063 —   761,903
Warrant   2,204   — — 2,204
Short-Term Investments — 2,348,556 — 2,348,556
Securities Lending Collateral — 6,614,956     — 6,614,956
Total $ 89,993,837 $ 57,845,423 $ 35,385 $ 147,874,645

The securities that have been deemed worthless on the “Schedule of investments” are considered to be Level 3 securities in this table.

1Security type is valued across multiple levels. Level 1 investments represent exchange-traded investments, Level 2 investments represent investments with observable inputs or matrix-priced instruments, and Level 3 investments represent investments without observable inputs. The amounts attributed to Level 1 investments, Level 2 investments, and Level 3 investments represent the following percentages of the total market value of these security types:

Level 1       Level 2       Level 3       Total
Convertible Preferred Stock 75.64%   23.11%     1.25%     100.00%
Preferred Stock 47.10% 52.90% — 100.00%

As a result of utilizing international fair value pricing as of Dec. 31, 2014, a portion of the portfolio was categorized as Level 2.

During the period ended Feb. 28, 2015, there were no transfers between Level 1 investments, Level 2 investments, or Level 3 investments that had a significant impact to the Fund. This does not include transfers between Level 1 investments and Level 2 investments due to the Fund utilizing international fair value pricing during the period. In accordance with the Fair Valuation Procedures described in Note 1, international fair value pricing of securities in the Fund occurs when market volatility exceeds an established rolling threshold. If the threshold is exceeded on a given date, then prices of international securities (those that traded on exchanges that close at a different time than the time that the Fund’s net asset value is determined) will be established using a separate pricing feed from a third-party vendor designed to establish a price for each such security as of the time that the Fund’s net asset value is determined. Further, international fair value pricing uses other observable market-based inputs in place of the closing exchange price due to the events occurring after the close of the exchange or market on which the investment is principally traded, causing a change in classification between levels. The Fund’s policy is to recognize transfers between levels at the beginning of the reporting period.

A reconciliation of Level 3 investments is presented when the Fund has a significant amount of Level 3 investments at the beginning, interim, or end of the period in relation to net assets. Management has determined not to provide additional disclosure on Level 3 inputs since the Level 3 investments are not considered significant to the Fund’s net assets at the end of the period.

3. Securities Lending

The Fund, along with other funds in the Delaware Investments Family of Funds, may lend its securities pursuant to a security lending agreement (Lending Agreement) with BNY Mellon. At the time a security is loaned, the borrower must post collateral equal to the required percentage of the market value of the loaned security, including any accrued interest. The required percentage is: (1) 102% with respect to U.S. securities and

(continues)     NQ-DDF [2/15] 4/15 (14209) 13


(Unaudited)

3. Securities Lending (continued)

foreign securities that are denominated and payable in U.S. dollars; and (2) 105% with respect to foreign securities. With respect to each loan, if on any business day the aggregate market value of securities collateral plus cash collateral held is less than the aggregate market value of the securities which are the subject of such loan, the borrower will be notified to provide additional collateral by the end of the following business day which, together with the collateral already held, will be not less than the applicable initial collateral requirements for such security loan. If the aggregate market value of securities collateral and cash collateral held with respect to a security loan exceeds the applicable initial collateral requirement, upon the request of the borrower, BNY Mellon must return enough collateral to the borrower by the end of the following business day to reduce the value of the remaining collateral to the applicable initial collateral requirement for such security loan. As a result of the foregoing, the value of the collateral held with respect to a loaned security on any particular day may be more or less than the value of the security on loan.

Cash collateral received is generally invested in the Delaware Investments Collateral Fund No. 1 (Collective Trust) established by BNY Mellon for the purpose of investment on behalf of funds managed by DMC that participate in BNY Mellon’s securities lending program. The Collective Trust may invest in U.S. government securities and high-quality corporate debt, asset-backed and other money market securities, and in repurchase agreements collateralized by such securities, provided that the Collective Trust will generally have a dollar-weighted average portfolio maturity of 60 days or less. The Fund can also accept U.S. government securities and letters of credit (non-cash collateral) in connection with securities loans. In the event of default or bankruptcy by the lending agent, realization and/or retention of the collateral may be subject to legal proceedings. In the event the borrower fails to return loaned securities and the collateral received is insufficient to cover the value of the loaned securities and provided such collateral shortfall is not the result of investment losses, the lending agent has agreed to pay the amount of the shortfall to the Fund or, at the discretion of the lending agent, replace the loaned securities. The Fund continues to record dividends or interest, as applicable, on the securities loaned and is subject to changes in value of the securities loaned that may occur during the term of the loan. The Fund has the right under the Lending Agreement to recover the securities from the borrower on demand. With respect to security loans collateralized by non-cash collateral, the Fund receives loan premiums paid by the borrower. With respect to security loans collateralized by cash collateral, the earnings from the collateral investments are shared among the Fund, the security lending agent and the borrower. The Fund records security lending income net of allocations to the security lending agent, and the borrower.

The Collective Trust used for the investment of cash collateral received from borrowers of securities seeks to maintain a net asset value per unit of $1.00, but there can be no assurance that it will always be able to do so. The Fund may incur investment losses as a result of investing securities lending collateral in the Collective Trust. This could occur if an investment in the Collective Trust defaulted or if it were necessary to liquidate assets in the Collective Trust to meet returns on outstanding security loans at a time when the Collective Trust’s net asset value per unit was less than $1.00. Under those circumstances, the Fund may not receive an amount from the Collective Trust that is equal in amount to the collateral the Fund would be required to return to the borrower of the securities and the Fund would be required to make up for this shortfall.

At Feb. 28, 2015, the value of securities on loan was $8,657,696, for which the Fund received collateral, comprised of non-cash collateral (U.S. government securities) valued at $2,372,364, and cash collateral of $6,614,956. At Feb. 28, 2015, the value of invested collateral was $6,614,956. Investments purchased with cash collateral are presented on the “Schedule of investments” under the caption “Securities Lending Collateral.”

4. Subsequent Events

Management has determined that no material events or transactions occurred subsequent to Feb. 28, 2015 that would require recognition or disclosure in the Fund’s ”Schedule of investments.“

14 NQ-DDF [2/15] 4/15 (14209)


Item 2. Controls and Procedures.

     The registrant’s principal executive officer and principal financial officer have evaluated the registrant’s disclosure controls and procedures within 90 days of the filing of this report and have concluded that they are effective in providing reasonable assurance that the information required to be disclosed by the registrant in its reports or statements filed under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the Securities and Exchange Commission.

     There were no significant changes in the registrant’s internal control over financial reporting that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 3. Exhibits.

     File as exhibits as part of this Form a separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the Act (17 CFR 270.30a-2(a)), exactly as set forth below: