Addendum to Management Agreement between Lord Abbett Municipal Income Fund, Inc. and Lord, Abbett & Co. LLC Dated: October 26, 2010 (the “Addendum”)
Addendum to Management Agreement between
Lord Xxxxxx Municipal Income Fund, Inc.
and
Lord, Xxxxxx & Co. LLC
Dated: October 26, 2010 (the “Addendum”)
Lord, Xxxxxx & Co. LLC (“Lord Xxxxxx”) and Lord Xxxxxx Municipal Income Fund, Inc. (the “Company”), on behalf of its Lord Xxxxxx AMT Free Municipal Bond Fund (the “Fund”), do hereby agree that the annual management fee rate for the Fund with respect to paragraph 2 of the management agreement dated December 15, 1994 (“Management Agreement”) shall be as follows: 0.50 of 1% of the first $1 billion of the Fund’s average daily net assets; 0.45 of 1% of the next $1 billion of such assets; and 0.40 of 1% of such assets in excess of $2 billion.
For purposes of Section 15(a) of the Investment Company Act of 1940, as amended, this Addendum, together with the Management Agreement and addenda thereto insofar as they have not been superseded, shall together constitute the investment advisory contract of the Company.
LORD XXXXXX MUNICIPAL INCOME FUND, INC. | ||
BY: | /s/ Xxxxxx X. Xxxxxxxx | |
Xxxxxx X. Xxxxxxxx | ||
Vice President and Assistant Secretary | ||
LORD, XXXXXX & CO. LLC | ||
BY: | /s/ Xxxxxxxx X. Xxxxxx | |
Xxxxxxxx X. Xxxxxx | ||
Member and General Counsel |