Company: NMI
Filing Date: 2025-01-06
Form Type: N-CSR
Source: 0001193125-25-002221
Chunk: 34

Company: NUVEEN MUNICIPAL INCOME FUND INC
Filing Date: 2025-01-06
Form: N-CSR
Chunk 34
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,901 |     |   |   6,784,299 |

| 8. | Management Fees and Other Transactions with Affiliates |

Management Fees: Each Fund’s management fee compensates the Adviser for the overall investment advisory and administrative services and general office facilities. The Sub-Adviseris compensated for its services to the Funds from the management fees paid to the Adviser. Each Fund’s management fee consists of two components – a fund-level fee, based only on the amount of assets within each individual Fund, and a complex-level fee, based on the aggregate amount of all eligible fund assets managed by the Adviser and for NUV a gross interest income component. This pricing structure enables each Fund’s shareholders to benefit from growth in the assets within their respective Fund as well as from growth in the amount of complex-wide assets managed by the Adviser. Annual fund-level fee, payable monthly, for NUV is calculated according to the following schedule: 75 Notes to Financial Statements (continued)

|                                |     |                NUV |   |
| Average Daily Net Assets       |     | Fund-Level FeeRate |   |
| For the first $500 million     |     |             0.1500 | % |
| For the next $500 million      |     |             0.1250 |   |
| For net assets over $1 billion |     |             0.1000 |   |

In addition, NUV pays an annual management fee, payable monthly, based on gross interest income (excluding interest on bonds underlying a “self-deposited inverse floater” trust that is attributed to the Fund over and above the net interest earned on the inverse floater itself) as follows:

|                                    |     |                  NUV |   |
| Gross Interest Income              |     | Gross Income FeeRate |   |
| For the first $50 million          |     |                4.125 | % |
| For the next $50 million           |     |                4.000 |   |
| For gross income over $100 million |     |                3.875 |   |

The annual fund-level fee, payable monthly, for NUW and NMI is calculated according to the following schedules:

|                                    |     |                NUW |   |
| Average Daily Managed Assets*      |     | Fund-Level FeeRate |   |
| For the first $125 million         |     |             0.4000 | % |
| For the next $125 million          |