Exploiting minmax characterizations for nonlinear and nonoverdamped eigenvalue problems, we prove the existence of a countable set of eigenvalues converging to $\infty$ and inclusion theorems for a rational spectral problem governing mechanical vibrations of a tube bundle immersed in an incompressible viscous fluid. The paper demonstrates that the variational characterization of eigenvalues is a powerful tool for studying nonoverdamped eigenproblems, and that the appropriate enumeration of the eigenvalues is of predominant importance, whereas the natural ordering of the eigenvalues may yield false conclusions.