Company: NMZ
Filing Date: 2025-09-29
Form Type: N-14 8C
Source: 0001999371-25-014188
Chunk: 146

Company: NUVEEN MUNICIPAL HIGH INCOME OPPORTUNITY FUND
Filing Date: 2025-09-29
Form: N-14 8C
Chunk 146
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 that are complex-wide in nature. The unitary structure also enhances the Board’s influence and oversight
over the Adviser and other service providers.

In an effort to enhance the independence
of the Board, the Board also has Co-Chairs that are Independent Board Members. The Board recognizes that a chair can perform an
important role in setting the agenda for the Board, establishing the boardroom culture, establishing a point person on behalf of
the Board for Fund management and reinforcing the Board’s focus on the long-term interests of shareholders. The Board recognizes
that a chair may be able to better perform these functions without any conflicts of interests arising from a position with Fund
management. Accordingly, the Board Members have elected Mr. Young to serve as an independent Chair of the Board. Pursuant
to the Fund’s by-laws, the Chair shall perform all duties incident to the office of Chair of the Board and such other duties
as from time to time may be assigned to him or her by the Board Members or the by-laws. Specific responsibilities of the Chair
include (i) coordinating with fund management in the preparation of the agenda for each meeting of the Board; (ii) presiding at
all meetings of the Board and of the shareholders; and (iii) serving as a liaison with other Board Members, the Trust’s officers
and other fund management personnel, and counsel to the Independent Board Members.

Although the Board has direct responsibility
over various matters (such as advisory contracts and underwriting contracts), the Board also exercises certain of its oversight
responsibilities through several committees that it has established and which report back to the full Board. The Board believes
that a committee structure is an effective means to permit Board Members to focus on particular operations or issues affecting
the Funds, including risk oversight. More specifically, with respect to risk oversight, the Board has delegated matters relating
to valuation, compliance and investment risk to certain committees (as summarized below). In addition, the Board believes that
the periodic rotation of Board Members among the different committees allows the Board Members to gain additional and different
perspectives of a Fund’s operations. The Board has established seven standing committees: the Executive Committee, the Dividend
Committee, the Audit Committee, the Compliance, Risk Management and Regulatory Oversight Committee, the Investment Committee, the
Nominating and Governance Committee and the Closed-End Fund Committee. The Board may also from time to time create ad hoc committees
to focus on particular issues as the need arises. The membership and functions of