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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