Company: NAZ
Filing Date: 2025-04-15
Form Type: N-2/A
Source: 0001999371-25-004231
Chunk: 91

Company: NUVEEN ARIZONA QUALITY MUNICIPAL INCOME FUND
Filing Date: 2025-04-15
Form: N-2/A
Chunk 91
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 agreement between Nuveen Fund Advisors and the Fund (the “Investment Management Agreement”), the Fund has agreed to pay an annual management fee for the overall advisory and administrative services and general office facilities provided by Nuveen Fund Advisors. The Fund’s management fee is separated into two components—a complex-level component, based on the aggregate amount of all fund assets managed by Nuveen Fund Advisors, and a specific fund-level component, based only on the amount of assets within the Fund. This pricing structure enables Nuveen fund shareholders to benefit from growth in the assets within each individual fund as well as from growth in the amount of complex-wide assets managed by Nuveen Fund Advisors. Fund-Level Fee.The annual fund-level fee for the Fund, payable monthly, is calculated according to the following schedule:

| Average Daily                      
 Managed Assets*                    |     | Fund-Level 
 Fee Rate   |         |
| For the first $125 million         |     |            | 0.4500% |
| For the next $125 million          |     |            | 0.4375% |
| For the next $250 million          |     |            | 0.4250% |
| For the next $500 million          |     |            | 0.4125% |
| For the next $1 billion            |     |            | 0.4000% |
| For the next $3 billion            |     |            | 0.3750% |
| For managed assets over $5 billion |     |            | 0.3625% |

44 Complex-Level Fee.The overall complex-level fee, payable monthly, begins at a maximum rate of 0.1600% of the Fund’s average daily managed assets, with breakpoints for eligible complex-level assets above $124.3 billion. Therefore, the maximum management fee rate for the Fund is the Fund-level fee plus 0.1600%. The current overall complex-level fee schedule is as follows:

| Complex-Level Asset Breakpoint Level* | Complex-Level Fee |
| For the first $124.3 billion          | 0.1600%           |
| For the next $75.7 billion            | 0.1350%           |
| For the next $200 billion             | 0.1325%           |
| For eligible assets over $400 billion | 0.1300%           |

As of March 31, 2025, the complex-level fee rate for the Fund was 0.1580%. The