Delaware Distributors, L.P. 2005 Market Street Philadelphia, PA 19103
Delaware Distributors, L.P.
0000 Xxxxxx Xxxxxx
Xxxxxxxxxxxx, XX 00000
December 29, 2016
Voyageur Intermediate Tax Free Funds
Delaware Group Tax-Free Fund
0000 Xxxxxx Xxxxxx
Philadelphia, PA 19103
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 the municipal bond funds listed in the table below (collectively, the “Funds”), the Distributor shall waive a portion of the Rule 12b-1 (distribution) fees applicable to certain Classes of shares of the Funds so that the Funds’ Rule 12b-1 (distribution) fees with respect to such Classes will not exceed the limit designated for the periods set forth below.
Registrant/Fund
|
Class | Effective Date | 12b-1 Cap |
Voyageur Intermediate Tax Free Funds | |||
Delaware Tax-Free Minnesota Intermediate Fund | A | 12/29/16-12/29/17 | 0.15% |
Delaware Group Tax-Free Fund | |||
Delaware Tax-Free USA Intermediate Fund | A | 12/29/16-12/29/17 | 0.15% |
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/ Xxxxx Xxxxxx | ||
Name: | Xxxxx Xxxxxx | ||
Title: | President |
Your signature below acknowledges
acceptance of this Agreement:
Voyageur Intermediate Tax Free Funds
Delaware Group Tax-Free Fund
By: | /s/ Xxxxx X. Xxxxx | |
Name: | Xxxxx X. Xxxxx | |
Title: | President & Chief Executive Officer | |
Date: | December 29, 2016 |