Delaware Distributors, L.P. 2005 Market Street Philadelphia, PA 19103
Ex-99.e.iv
Delaware Distributors, L.P.
0000
Xxxxxx Xxxxxx
Xxxxxxxxxxxx, XX 00000
August 27, 2007
Voyageur Mutual Funds III
0000 Xxxxxx
Xxxxxx
Xxxxxxxxxxxx, XX 00000
Re: Expense Limitations
Ladies and Gentlemen:
By our execution of this letter agreement (the “Agreement”), intending to be legally bound hereby, Delaware Distributors, L.P. (the “Distributor”) agrees that in order to improve the performance of Delaware Select Growth Fund (the “Fund”), which is a series of Voyageur Mutual Funds III, the Distributor shall waive a portion of the Rule 12b-1 (distribution) fees for the Fund’s Class R Shares, so that such Fund’s Rule 12b-1 (distribution) fees will not exceed 0.50% for the period September 1, 2007 through August 31, 2008.
The Distributor acknowledges that it shall not be entitled to collect on, or make a claim for, waived fees at any time in the future.
Delaware Distributors, L.P. | |||
By: | /s/ Xxxxxxxx X. Xxxxx | ||
Name: | Xxxxxxxx X. Xxxxx | ||
Title: | President | ||
Date: | August 27, 2007 |
Your signature below acknowledges
acceptance of this Agreement:
Voyageur Mutual Funds III
By: | /s/ Xxxxxxx X. Xxxxx |
Name: Xxxxxxx X. Xxxxx | |
Title: President | |
Date: August 27, 2007 |