EX-99.G.2 2 d208550dex99g2.htm RENEWAL OF INVESTMENT MANAGEMENT AGREEMENT Renewal of Investment Management Agreement

NUVEEN CLOSED-END FUNDS LISTED ON APPENDIX A

RENEWAL and AMENDMENT OF MANAGEMENT AGREEMENTS

Agreement made as of this 27th day of July 2016, by and between the Nuveen Closed-End Funds listed on Appendix A (the “Funds”), and Nuveen Fund Advisors, LLC, a Delaware limited liability company (the “Adviser”), to be effective August 1, 2016.

WITNESSETH THAT:

WHEREAS, the parties hereto are the contracting parties under each certain Investment Management Agreement (the “Agreements”) pursuant to which the Adviser furnishes investment management and other services to each Fund ; and

WHEREAS, each Agreement terminates August 1, 2016 unless continued in the manner required by the Investment Company Act of 1940; and

WHEREAS, the Board of Directors/Trustees, at meetings held May 24-26, 2016, called for the purpose of reviewing each Agreement, has approved each Agreement with a standardized lower fund-level management fee rate as set forth on Appendix A and each Agreement’s continuance until August 1, 2017 in the manner required by the Investment Company Act of 1940.

NOW THEREFORE, in consideration of the mutual covenants contained in each Agreement, the parties hereto do hereby continue each Agreement in effect until August 1, 2017 and ratify and confirm the Agreements with the new fund-level schedule as listed on Appendix A.


IN WITNESS WHEREOF, each of the parties has caused this Renewal and Amendment to be executed in its name and on its behalf by a duly authorized officer as of the day and year first above written.

 

              Nuveen Closed-End Funds listed on Appendix A
        By:   /s/ Kevin J. McCarthy
          Vice President
 
Attest:   /s/ Virginia O’Neal        
  Assistant Secretary        
  NUVEEN FUND ADVISORS, LLC
        By:   /s/ Gifford R. Zimmerman
          Managing Director
 
Attest:   /s/ Stuart J. Cohen        
  Assistant Secretary        

 


Appendix A

 

Ticker

  

Fund Name

   New Fee & Breakpoint Schedule  
       
First $125
million

 
    
Next $125
million

 
    
Next $250
million

 
    
Next $500
million

 
    
Next $1
billion

 
    
Next $3
billion

 
    
³ $5
billion

 
NQM    Nuveen Investment Quality Municipal Fund, Inc.      0.4500%        0.4375%        0.4250%        0.4125%        0.4000%        0.3750%        0.3625%  
NMI    Nuveen Municipal Income Fund, Inc.      0.4500%        0.4375%        0.4250%        0.4125%        0.4000%        0.3750%        0.3625%  
NMO    Nuveen Municipal Market Opportunity Fund, Inc.      0.4500%        0.4375%        0.4250%        0.4125%        0.4000%        0.3750%        0.3625%  
NPP    Nuveen Performance Plus Municipal Fund, Inc.      0.4500%        0.4375%        0.4250%        0.4125%        0.4000%        0.3750%        0.3625%  
NPF    Nuveen Premier Municipal Income Fund, Inc.      0.4500%        0.4375%        0.4250%        0.4125%        0.4000%        0.3750%        0.3625%  
NPM    Nuveen Premium Income Municipal Fund 2, Inc.      0.4500%        0.4375%        0.4250%        0.4125%        0.4000%        0.3750%        0.3625%  
NPI    Nuveen Premium Income Municipal Fund, Inc.      0.4500%        0.4375%        0.4250%        0.4125%        0.4000%        0.3750%        0.3625%  
NQS    Nuveen Select Quality Municipal Fund, Inc.      0.4500%        0.4375%        0.4250%        0.4125%        0.4000%        0.3750%        0.3625%  
NAZ    Nuveen Arizona Premium Income Municipal Fund      0.4500%        0.4375%        0.4250%        0.4125%        0.4000%        0.3750%        0.3625%  
NTC    Nuveen Connecticut Premium Income Municipal Fund      0.4500%        0.4375%        0.4250%        0.4125%        0.4000%        0.3750%        0.3625%  
NMY    Nuveen Maryland Premium Income Municipal Fund      0.4500%        0.4375%        0.4250%        0.4125%        0.4000%        0.3750%        0.3625%  
NMT    Nuveen Massachusetts Premium Income Municipal Fund      0.4500%        0.4375%        0.4250%        0.4125%        0.4000%        0.3750%        0.3625%  
NUM    Nuveen Michigan Quality Income Municipal Fund      0.4500%        0.4375%        0.4250%        0.4125%        0.4000%        0.3750%        0.3625%  
NOM    Nuveen Missouri Premium Income Municipal Fund      0.4500%        0.4375%        0.4250%        0.4125%        0.4000%        0.3750%        0.3625%  
NNC    Nuveen North Carolina Premium Income Municipal Fund      0.4500%        0.4375%        0.4250%        0.4125%        0.4000%        0.3750%        0.3625%  
NUO    Nuveen Ohio Quality Income Municipal Fund      0.4500%        0.4375%        0.4250%        0.4125%        0.4000%        0.3750%        0.3625%  
NQP    Nuveen Pennsylvania Investment Quality Municipal Fund      0.4500%        0.4375%        0.4250%        0.4125%        0.4000%        0.3750%        0.3625%  
NTX    Nuveen Texas Quality Income Municipal Fund      0.4500%        0.4375%        0.4250%        0.4125%        0.4000%        0.3750%        0.3625%  
NPV    Nuveen Virginia Premium Income Municipal Fund      0.4500%        0.4375%        0.4250%        0.4125%        0.4000%        0.3750%        0.3625%  
NID    Nuveen Intermediate Duration Municipal Term Fund      0.4000%        0.3875%        0.3750%        0.3625%        0.3500%        0.3250%        0.3125%  
NIQ    Nuveen Intermediate Duration Quality Municipal Term Fund      0.3000%        0.2875%        0.2750%        0.2625%        0.2500%        0.2250%        0.2125%  
NHA    Nuveen Municipal 2021 Target Term Fund      0.4000%        0.3875%        0.3750%        0.3625%        0.3500%        0.3250%        0.3125%  
NUW    Nuveen AMT-Free Municipal Value Fund      0.4000%        0.3875%        0.3750%        0.3625%        0.3500%        0.3250%        0.3125%  
NEV    Nuveen Enhanced Municipal Value Fund      0.4500%        0.4375%        0.4250%        0.4125%        0.4000%        0.3750%        0.3625%  
NXQ    Nuveen Select Tax-Free Income Portfolio 2      0.1000%        0.0875%        0.0750%        0.0625%        0.0500%        0.0250%        0.0125%  
NXR    Nuveen Select Tax-Free Income Portfolio 3      0.1000%        0.0875%        0.0750%        0.0625%        0.0500%        0.0250%        0.0125%  


Appendix A

 

Ticker

  

Fund Name

   New Fee & Breakpoint Schedule  
       
First $125
million

 
    
Next $125
million

 
    
Next $250
million

 
    
Next $500
million

 
    
Next $1
billion

 
    
Next $3
billion

 
    
³ $5
billion

 
NXC    Nuveen California Select Tax-Free Income Portfolio      0.1000%        0.0875%        0.0750%        0.0625%        0.0500%        0.0250%        0.0125%  
NXN    Nuveen New York Select Tax-Free Income Portfolio      0.1000%        0.0875%        0.0750%        0.0625%        0.0500%        0.0250%        0.0125%  
NPN    Nuveen Pennsylvania Municipal Value Fund      0.4000%        0.3875%        0.3750%        0.3625%        0.3500%        0.3250%        0.3125%  
NJV    Nuveen New Jersey Municipal Value Fund      0.4000%        0.3875%        0.3750%        0.3625%        0.3500%        0.3250%        0.3125%  
NCB    Nuveen California Municipal Value Fund 2      0.4000%        0.3875%        0.3750%        0.3625%        0.3500%        0.3250%        0.3125%  
NYV    Nuveen New York Municipal Value Fund 2      0.4000%        0.3875%        0.3750%        0.3625%        0.3500%        0.3250%        0.3125%  
NIM    Nuveen Select Maturities Municipal Fund      0.3000%        0.2875%        0.2750%        0.2625%        0.2500%        0.2250%        0.2125%  
NBB    Nuveen Build America Bond Fund      0.4500%        0.4375%        0.4250%        0.4125%        0.4000%        0.3750%        0.3625%  
NBD    Nuveen Build America Bond Opportunity Fund      0.4500%        0.4375%        0.4250%        0.4125%        0.4000%        0.3750%        0.3625%  
NAD    Nuveen Dividend Advantage Municipal Fund      0.4500%        0.4375%        0.4250%        0.4125%        0.4000%        0.3750%        0.3625%  
NEA    Nuveen AMT-Free Municipal Income Fund      0.4500%        0.4375%        0.4250%        0.4125%        0.4000%        0.3750%        0.3625%  
NAC    Nuveen California Dividend Advantage Municipal Fund      0.4500%        0.4375%        0.4250%        0.4125%        0.4000%        0.3750%        0.3625%  
NAN    Nuveen New York Dividend Advantage Municipal Fund      0.4500%        0.4375%        0.4250%        0.4125%        0.4000%        0.3750%        0.3625%  
NKG    Nuveen Georgia Dividend Advantage Municipal Fund 2      0.4500%        0.4375%        0.4250%        0.4125%        0.4000%        0.3750%        0.3625%  
NKX    Nuveen California AMT-Free Municipal Income Fund      0.4500%        0.4375%        0.4250%        0.4125%        0.4000%        0.3750%        0.3625%  
NRK    Nuveen New York AMT-Free Municipal Income Fund      0.4500%        0.4375%        0.4250%        0.4125%        0.4000%        0.3750%        0.3625%  
NVX    Nuveen California Dividend Advantage Municipal Fund 2      0.4500%        0.4375%        0.4250%        0.4125%        0.4000%        0.3750%        0.3625%  
NXJ    Nuveen New Jersey Dividend Advantage Municipal Fund      0.4500%        0.4375%        0.4250%        0.4125%        0.4000%        0.3750%        0.3625%  
NZH    Nuveen California Dividend Advantage Municipal Fund 3      0.4500%        0.4375%        0.4250%        0.4125%        0.4000%        0.3750%        0.3625%  
NMZ    Nuveen Municipal High Income Opportunity Fund      0.5500%        0.5375%        0.5250%        0.5125%        0.5000%        0.4750%        0.4625%  
NMS    Nuveen Minnesota Municipal Income Fund      0.4500%        0.4375%        0.4250%        0.4125%        0.4000%        0.3750%        0.3625%  


Appendix A

 

Ticker

  

Fund Name

   New Fee & Breakpoint Schedule  
       
First $125
million

 
    
Next $125
million

 
    
Next $250
million

 
    
Next $500
million

 
    
Next $1
billion

 
    
Next $3
billion
 
 
    

³ $5

billion

 

 

       
First $125
million

 
    
Next $125
million

 
    
Next $150
million

 
    
Next $600
million

 
    

³ $1

billion

 

 

     
JMM    Nuveen Multi-Market Income Fund      0.7000%        0.6875%        0.6750%        0.6625%        0.6500%        
JLS    Nuveen Mortgage Opportunity Term Fund      0.9500%        0.9375%        0.9250%        0.9125%        0.9000%        
JMT    Nuveen Mortgage Opportunity Term Fund 2      0.9500%        0.9375%        0.9250%        0.9125%        0.9000%        
       
First $500
million

 
    
Next $500
million

 
    
Next $500
million

 
    
Next $500
million
 
 
    
³ $2
billion

 
     
NSL    Nuveen Senior Income Fund      0.6500%        0.6250%        0.6000%        0.5750%        0.5500%        
JSD    Nuveen Short Duration Credit Opportunities Fund      0.6500%        0.6250%        0.6000%        0.5750%        0.5500%