X0206 3 2017-07-12 0 0001235511 MANAGED DURATION INVESTMENT GRADE MUNICIPAL FUND MZF 0000072971 WELLS FARGO & COMPANY/MN 420 MONTGOMERY STREET SAN FRANCISCO CA 94104 0 0 1 0 0001585457 Wells Fargo Municipal Capital Strategies, LLC 375 PARK AVENUE NEW YORK NY 10152 0 0 1 0 Variable Munifund Term Preferred Shares 600 I By Subsidiary The Variable Munifund Term Preferred Shares ("Shares") reported in Table I represent Shares beneficially owned by Wells Fargo Municipal Capital Strategies, LLC ("Capital Strategies"). Capital Strategies is a wholly owned subsidiary of Wells Fargo & Company ("Wells Fargo"). This statement is jointly filed by Wells Fargo and Capital Strategies. Wells Fargo holds an indirect interest in the Shares listed in Table I by virtue of its indirect ownership of its subsidiary Capital Strategies. Each reporting person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) of the US Securities Exchange Act of 1934 or any other purpose, (i) acting (or has agreed or is agreeing to act together with any other person) as a partnership, limited partnership, syndicate, or other group for the purpose of acquiring, holding or disposing of securities of the Issuer or otherwise with respect to the Issuer or any securities of the Issuer or (ii) a member of any group with respect to the Issuer or any securities of the Issuer. /s/ Michael J. Choquette 2017-07-14 /s/ Adam Joseph 2017-07-14