RULE 10f-3 REPORT FORM
Record of Securities Purchased
Under the Delaware Investments(r) Family of Funds' Rule 10f-3 Procedures
Delaware Management Company

1.	Name of Fund: Delaware Group Equity Funds V - Delaware Dividend Income Fund
(Fund FR)

2.	Name of Issuer: Fifth Street Finance Corp (FSC, 31678A103)

3.	Underwriter from whom purchased: Wachovia Securities

4.	Affiliated Underwriter managing or participating in underwriting syndicate: Wells
Fargo, UBS Financial, Stiefel Nicolaus, RBS Capital, Janney Montgomery, Morgan
Keegan, MacQuarie Securities, ING, Gilford Securities

5.	Aggregate principal amount of purchase by all investment companies advised by the
   Adviser: Total Bought by Delaware Investments 100,000 @ 11.20 = $1,120,000

6.	Aggregate principal amount of offering: $78,400,000

7.	Purchase price (net of fees and expenses): $11.20

8.	Offering price at close of first day on which any sales were made: $11.14

9.	Date of Purchase: January 22, 2010

10.	Date offering commenced: January 21, 2010

11.	Commission, spread or profit: __________%   $0.302 / share

12.	Have the following conditions been satisfied?                                       Yes   	   No

a.   The securities are:
part of an issue registered under the Securities Act of 1933
which is being offered to the public;
_X_
__
part of an issue of Government Securities;
__
_X_
Eligible Municipal Securities;
__
_X_
sold in an Eligible Foreign Offering; OR
__
_X_
sold in an Eligible Rule 144A Offering?
(See Rule 10f-3 Procedures for definitions of defined terms
used herein.)



b.   (1)The securities were purchased prior to the end of the first day
on which any sales were made, at a price that is not more than the
price paid by each other purchaser of securities in that offering or
in any concurrent offering of the securities (except, in the case of
an Eligible Foreign Offering, for any rights to purchase that are
required by law to be granted to existing security holders of the
issuer); OR

X
__
     (2) If the securities to be purchased were offered for subscription
upon exercise of rights, such securities were purchased on or
before the fourth day preceding the day on which the rights
offering terminates?

_X_
__
c.   The underwriting was a firm commitment underwriting?

_X_

d.   The commission, spread or profit was reasonable and fair in
relation to that being received by others for underwriting similar
securities during the same period?

X
__
e.   The issuer of the securities, except for Eligible Municipal
Securities, and its predecessors has been in continuous operation
for not less than three years?

N/A
__
f.   (1) The amount of the securities, other than those sold in an
Eligible Rule 144A Offering (see below), purchased by all of the
investments companies advised by the Adviser and any
purchases by another account with respect to which the Adviser
has investment discretion if the Adviser exercised such discretion
with respect to the purchase, did not exceed 25% of the principal
amount of the offering; OR

_X_
__
      (2) If the securities purchased were sold in an Eligible Rule 144A
Offering, the amount of such securities purchased by all of the
investment companies advised by the Adviser and any purchases
by another account with respect to which the Adviser has
investment discretion if the Adviser exercised such discretion
with respect to the purchase, did not exceed 25% of the total of:



      (i) The principal amount of the offering of such class sold by
underwriters or members of the selling syndicate to qualified
institutional buyers, as defined in Rule 144A(a)(1), plus



      (ii) The principal amount of the offering of such class in any
concurrent public offering?

N/A
__
g.   (1) No affiliated underwriter of the Purchasing Fund was a direct
or indirect participant in or beneficiary of the sale; OR

X
__
     (2) With respect to the purchase of Eligible Municipal Securities,
such purchase was not designated as a group sale or otherwise
allocated to the account of an affiliated underwriter?

_N/A_
__
h.   Information has or will be timely supplied to an appropriate
officer of the Fund for inclusion on SEC Form N-SAR and
quarterly reports to the Funds' Board of Directors?

X
__


All purchases described in this report were executed in compliance with Rule 10f-3 and
the Rule 10f-3 procedures adopted by the Board of Directors of the Delaware
Investments(r) Family of Funds.

I have submitted these answers and completed this form based on all available
information.

Name: Babak Zenouzi

Title: Portfolio Manager

Date: January 25, 2010