JOHN HANCOCK CALIFORNIA TAX FREE INCOME FUND on behalf of John Hancock California Municipal Bond Fund AMENDMENT TO INVESTMENT MANAGEMENT CONTRACT
EX 99(d)(1)
XXXX XXXXXXX CALIFORNIA TAX FREE INCOME FUND
on behalf of Xxxx Xxxxxxx California Municipal Bond Fund
AMENDMENT TO INVESTMENT MANAGEMENT CONTRACT
AMENDMENT made this 22nd day of September, 2022 to the Investment Management Contract dated June 30, 2020 (the “Agreement”), between Xxxx Xxxxxxx California Tax-Free Income Fund, a Massachusetts business trust, on behalf of its series Xxxx Xxxxxxx California Municipal Bond Fund (formerly, Xxxx Xxxxxxx California Tax Free Income Fund) (the “Fund”), and Xxxx Xxxxxxx Investment Management (the “Adviser”), a Delaware limited liability company. In consideration of the mutual covenants contained herein, the parties agree as follows:
| 1. | CHANGE IN SECTION 5 - COMPENSATION OF THE ADVISER |
Section 5 of the Agreement, “COMPENSATION OF THE ADVISER,” is hereby amended to reflect the following fee schedule for the Fund:
| First | Next | Next | Excess over | |||||
| $500 Million | $500 Million | $1 billion | $2 billion | |||||
| of Average | of Average | of Average | of Average | |||||
| Daily | Daily | Daily | Daily | |||||
| Fund |
Net Assets |
Net Assets |
Net Assets |
Net Assets | ||||
| Xxxx Xxxxxxx California Municipal Bond Fund | 0.510% | 0.460% | 0.435% | 0.410% |
| 2. | EFFECTIVE DATE |
This Amendment shall become effective as of October 1, 2022, following approval of the Amendment by the Board of Trustees of the Trust.
| 3. | DEFINED TERMS |
Unless otherwise defined herein, capitalized terms used herein have the meanings specified in or pursuant to the Agreement.
| 4. | OTHER TERMS OF THE AGREEMENT |
Except as specifically amended hereby, all of the terms and conditions of the Agreement shall continue to be in full force and effect and shall be binding upon the parties in accordance with their respective terms.
(THE REMAINDER OF THIS SPACE HAS BEEN INTENTIONALLY LEFT BLANK)
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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed under seal by their duly authorized officers as of the date first mentioned above.
XXXX XXXXXXX CALIFORNIA TAX-FREE INCOME FUND
on behalf of Xxxx Xxxxxxx California Municipal Bond Fund
(formerly, Xxxx Xxxxxxx California Tax Free Income Fund)
| By: |
/s/ Xxxxxx X. Xxxxxx | |
| Xxxxxx X. Xxxxxx | ||
| President |
XXXX XXXXXXX INVESTMENT MANAGEMENT LLC
| By: |
/s/ Xxx Xxxxxxxxx | |
| Xxx Xxxxxxxxx | ||
| Chief Investment Officer |
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