Company: NMZ
Filing Date: 2025-09-29
Form Type: N-14 8C
Source: 0001999371-25-014188
Chunk: 171

Company: NUVEEN MUNICIPAL HIGH INCOME OPPORTUNITY FUND
Filing Date: 2025-09-29
Form: N-14 8C
Chunk 171
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, or if not permitted to be brought in federal court, then in the Business Litigation Session of
the Massachusetts Superior Court in Suffolk County (the “Exclusive Jurisdictions”), and that the right to jury trial
be waived to the fullest extent permitted by law. Other investment companies may not be subject to similar restrictions. The designation
of Exclusive Jurisdictions may make it more expensive for a shareholder to bring a suit than if the shareholder were permitted
to select another jurisdiction. Also, the designation of Exclusive Jurisdictions and the waiver of jury trials limit a shareholder’s
ability to litigate a claim in the jurisdiction and in a manner that may be more favorable to the shareholder. It is possible that
a court may choose not to enforce these provisions of the Acquiring Fund’s by-laws.

Reference should be made to the Acquiring
Fund’s declaration of trust and by-laws on file with the SEC for the full text of these provisions.

<div align='center'>99</div>

Repurchase of Common Shares; Conversion to Open-End Fund

The Acquiring Fund is a closed-end management
investment company, and as such its shareholders do not have the right to cause the Acquiring Fund to redeem their common shares.
Instead, the common shares of the Acquiring Fund trade in the open market at a price that is a function of several factors, including
dividend levels (which are in turn affected by expenses), net asset value, call protection, dividend stability, portfolio credit
quality, relative demand for and supply of such shares in the market, general market and economic conditions and other factors.
Because common shares of closed-end management investment companies may frequently trade at prices lower than net asset value,
the Acquiring Fund’s Board has determined that, at least annually, it will consider action that might be taken to reduce
or eliminate any material discount from net asset value in respect of common shares, which may include the repurchase of such shares
in the open market or in private transactions, the making of a tender offer for such shares at net asset value, or the conversion
of the Acquiring Fund to an open-end investment company. There is no assurance that the Acquiring Fund’s Board will decide
to take any of these actions, or that share repurchases or tender offers will actually reduce market discount.

Notwithstanding the foregoing, at any time
when the Acquiring Fund’s preferred shares are outstanding, the Acquiring Fund may not purchase, redeem or otherwise acquire
any of its common shares unless (1