EX-99.(G)(2) 8 ex99-g2.htm RENEWAL OF INVESTMENT MANAGEMENT AGREEMENT

 

 

Nuveen California Quality Municipal Income Fund N-2ASR

Exhibit 99(g)(2)

 

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/ Virginia O'Neal  
  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

≥ $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%

 

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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

≥ $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%

 

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Appendix A

 

Ticker Fund Name New Fee & Breakpoint Schedule
               
    First $125
million		 Next $125
million		 Next $150
million		 Next $600
million

≥ $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 Next $500 Next $500 Next $500 ≥ $2  
    million million million million 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%  

 

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