13F-HR 1 c51102e13fvhr.txt 13F-HR UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2009 Check here if Amendment [ ]: Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Voyageur Asset Management Inc Address: 100 South Fifth Street, Suite 2300 Minneapolis, MN 55402 13F File Number: 28-10228 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Michael T. Lee Title: Chief Executive Officer, President & Chief Investment Officer Phone: (612) 376-7133 Signature, Place and Date of Signing: /s/ Michael T. Lee Minneapolis, Minnesota Date: May 6, 2009 ----------------------------------- Michael T. Lee Report type: (Check only one.): [X] 13F HOLDINGS REPORT [ ] 13F NOTICE [ ] 13F COMBINATION REPORT List of other Managers Reporting for this Manager: None I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 1 Form 13F Information Table Entry Total: 952 Form 13F Information Table Value Total: $2,624,917 (in thousands) List of Other Included Managers: 1. Royal Bank of Canada 13F File Number: 28-11396 FORM 13F As/of 3/31/2009 Name of Reporting Manager: Voyageur Asset Management Inc.

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