Company: NMZ
Filing Date: 2025-09-29
Form Type: N-14 8C
Source: 0001999371-25-014188
Chunk: 100

Company: NUVEEN MUNICIPAL HIGH INCOME OPPORTUNITY FUND
Filing Date: 2025-09-29
Form: N-14 8C
Chunk 100
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 in the event a Special Rate Period transition is initiated, and a failed transition occurs, if such failure is not cured within the applicable cure period, or, in the case of series in an Adjustable Rate Special Rate Period, if the majority of beneficial owners propose adjusted rate terms and the Fund and the beneficial owners fail to reach agreement within a specified time period.

The New VRDP Shares will be senior in priority to the Acquiring Fund’s common shares as to the payment of dividends and as to the distribution of assets upon dissolution, liquidation or winding up of the affairs of the Acquiring Fund. The New VRDP Shares will have equal priority with each other and the other preferred shares of the Acquiring Fund, including the Acquiring Fund’s outstanding AMTP Shares, any New VRDP Shares and New MFP Shares to be issued by the Acquiring Fund in the Mergers and any other preferred shares that the Acquiring Fund may issue in the future, as to the payment of dividends and as to distribution of assets upon dissolution, liquidation or winding up of the affairs of the Acquiring Fund.

Description of MFP Shares to Be Issued by the Acquiring Fund

With respect to the Missouri Municipal Merger, if the Merger takes place, the Acquiring Fund will issue MFP Shares (the “New MFP Shares”) pursuant to the Agreement if MFP Shares of Missouri Municipal are outstanding immediately prior to the closing.

The MFP Shares of Missouri Municipal are (and the New MFP Shares, if any, are expected to be) in the “Variable Rate Mode.” During the Variable Rate Mode, the Missouri Municipal MFP Shares are not remarketed by a remarketing agent, and are not subject to optional or mandatory tender events or supported by a liquidity provider and are not subject to remarketing fees or liquidity fees. The Variable Rate Mode for the Missouri Municipal MFP Shares is “Adjustable Rate,” meaning that the beneficial owner or owners of the MFP Shares may agree from time to time to adjust the dividend rate and other economic terms.

The terms of the New MFP Shares will be substantially similar, as of the time of the closing of the Merger, to the terms of the MFP Shares of Missouri Municipal outstanding immediately prior to the closing of the Merger. However, because of the Acquiring Fund’s policy of investing in a nationally diversified portfolio of municipal securities, the terms of the New MFP Shares will not include a provision, currently applicable to Missouri Municipal’s MFP Shares, that generally would require an additional