Addendum to Management Agreement between Lord Abbett Municipal Income Fund, Inc., and Lord, Abbett & Co. LLC Dated: February 1, 2015
Exhibit 99(d)(vii)
Addendum to Management Agreement
between Lord Xxxxxx Municipal Income Fund, Inc., and
Lord, Xxxxxx & Co. LLC
Dated: February 1, 2015
Effective February 1, 2015, Lord, Xxxxxx & Co. LLC and Lord Xxxxxx Municipal Income Fund, Inc., on behalf of its series, Lord Xxxxxx Short Duration Tax Free Fund (the “Fund”), do hereby agree that the annual management fee rate for the Fund stated in paragraph 2 of the management agreement dated December 15, 1994 (“Management Agreement”), shall be amended as follows:
0.40% on the first $2 billion of average daily net assets;
0.375% on the next $1 billion of average daily net assets; and
0.35% on the Fund’s average daily net assets over $3 billion.
For purposes of Section 15 (a) of the Investment Company Act of 1940, this Addendum and the Management Agreement shall together constitute the investment advisory contract of the Fund.
Lord Xxxxxx Municipal Income Fund, Inc. | |||
By: | /s/ Xxxxxx X. Xxxxxxxxx | ||
Xxxxxx X. Xxxxxxxxx | |||
Vice President and Assistant Secretary | |||
Lord, Xxxxxx & Co. llc | |||
By: | /s/ Xxxxxxxx X. Xxxxxx | ||
Xxxxxxxx X. Xxxxxx | |||
Member and General Counsel |
Dated: February 1, 2015