Delaware Distributors, L.P. 2005 Market Street Philadelphia, PA 19103
Ex-99.h.4
Delaware Distributors, L.P.
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March __, 2007
Delaware Group Equity Funds V
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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 Dividend Income Fund, Delaware Small Cap Core Fund, and Delaware Small Cap Value Fund (collectively, the “Funds”), which are series of Delaware Group Equity Funds V, the Distributor shall waive a portion of the Rule 12b-1 (distribution) fees for the Funds’ Class A Shares and Class R Shares, so that such Funds’ Rule 12b-1 (distribution) fees will not exceed the amounts indicated below for the period April 1, 2007 through March 31, 2008:
Fund | Expense Limitation | |
Delaware Dividend Income Fund | ||
Class A | 0.25% | |
Class R | 0.50% | |
Delaware Small Cap Core Fund | ||
Class A | 0.25% | |
Class R | 0.50% | |
Delaware Small Cap Value Fund | ||
Class A | 0.25% | |
Class R | 0.50% |
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: | |||
Name: | |||
Title: | |||
Date: |
Your signature below acknowledges | ||
acceptance of this Agreement: | ||
Delaware Group Equity Funds V | ||
By: | ||
Name: | ||
Title: | ||
Date: |