Company: NMZ
Filing Date: 2025-09-29
Form Type: N-14 8C
Source: 0001999371-25-014188
Chunk: 6

Company: NUVEEN MUNICIPAL HIGH INCOME OPPORTUNITY FUND
Filing Date: 2025-09-29
Form: N-14 8C
Chunk 6
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 by Nuveen Asset Management and Daniel Close, CFA, Stephen Candido, CFA and Steve M. Hlavin,    
 after the completion of the Mergers.                                                           |

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| Q. | What                                                                
 will happen if the required shareholder approvals are not obtained? |

| A. | The                                                                                            
 closing of each Merger is subject to the satisfaction or waiver of certain closing conditions, 
 which include customary closing conditions. For a Merger to occur, all requisite shareholder   
 approvals must be obtained at the applicable Fund’s shareholder meeting and certain            
 other consents, confirmations and/or waivers from various third parties, including the         
 initial purchasers with respect to outstanding preferred shares of the Acquiring Fund,         
 must also be obtained. Because the closing of each Merger is contingent upon the applicable    
 Target Fund and the Acquiring Fund obtaining such shareholder approvals and satisfying         
 (or obtaining the waiver of) other closing conditions, it is possible that a Merger will       
 not occur even if shareholders of a Fund entitled to vote approve the Merger and a Fund        
 satisfies all of its closing conditions if the other Fund does not obtain its requisite        
 shareholder approvals or satisfy (or obtain the waiver of) its closing conditions. If          
 a Merger is not consummated, the Board of the Target Fund involved in that Merger may          
 take such actions as it deems in the best interests of the Fund, including conducting          
 additional solicitations with respect to the Merger proposal or continuing to operate          
 the Target Fund as a standalone fund. The closing of each Merger is not contingent on          
 the closing of any other Merger.                                                               |

Each series of preferred shares was issued on a private placement basis to one or a small number of institutional holders. To the extent that one or more preferred shareholders of a Fund owns, holds or controls, individually or in the aggregate, all or a significant portion of a Fund’s outstanding preferred shares, the approval by a Fund’s preferred shareholders required for a Merger to occur may turn on the exercise of voting or consent rights by such particular shareholder(s) and its or their determination as to the favorable view of the Merger with respect to its or their interests. The Funds exercise no influence or control over the determinations of such shareholders with respect to the Mergers; there is no guarantee that such shareholders will vote to approve a Merger proposal.

| Q. | What                              
 is the timetable for the Mergers? |

| A.