Delaware Distributors, L.P. 2005 Market Street Philadelphia, PA 19103
Ex.99.e.iii
Delaware Distributors, L.P.
0000
Xxxxxx Xxxxxx
Xxxxxxxxxxxx, XX 00000
August 27, 2008
Voyageur Mutual Funds III
0000
Xxxxxx Xxxxxx
Xxxxxxxxxxxx, XX 00000
Re: Expense Limitation
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 the Class R Shares of Delaware Select Growth 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 the Fund’s Rule 12b-1 (distribution) fees with respect to its Class R shares will not exceed 0.50%, for the period September 1, 2008 through August 31, 2009.
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: | Executive Vice President | |||
Date: | August 27, 2008 |
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, 2008 |