Company: NMZ
Filing Date: 2025-09-29
Form Type: N-14 8C
Source: 0001999371-25-014188
Chunk: 198

Company: NUVEEN MUNICIPAL HIGH INCOME OPPORTUNITY FUND
Filing Date: 2025-09-29
Form: N-14 8C
Chunk 198
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 as of the Effective Time, each Target Fund Common Share outstanding immediately
prior to the Effective Time shall be converted into a number of Acquiring Fund Common Shares equal to one multiplied by the quotient
of the net asset value per share of a Target Fund Common Share divided by the net asset value per share of an Acquiring Fund Common
Share, each as determined as of the Valuation Time in accordance with Section 2.1. The aggregate net asset value of Acquiring Fund
Common Shares received by Target Fund common shareholders (the “Target Fund Common Shareholders”) in a Merger (including
any fractional share interests to which they would be entitled) will equal, as of the Valuation Time, the aggregate net asset value
of such Target Fund’s Common Shares held by such Target Fund Common Shareholders as of such time. No fractional Acquiring
Fund Common Shares will be distributed to Target Fund Common Shareholders and, in lieu of such fractional shares, Target Fund Common
Shareholders will receive cash. With respect to each Merger, in the event Target Fund Common Shareholders would be entitled to
receive fractional Acquiring Fund Common Shares, the Acquiring Fund’s transfer agent will aggregate all such fractional common
shares and sell the resulting whole shares on the exchange on which such shares are listed for the account of all such Target Fund
Common Shareholders, and each such Target Fund Common Shareholder will be entitled to a pro rata share of the proceeds from such
sale. With respect to the aggregation and sale of fractional common shares in each Merger, the transfer agent for the Acquiring
Fund’s common shares will act directly on behalf of the Target Fund Common Shareholders entitled to receive fractional shares
and will accumulate such fractional shares, sell the shares and distribute the cash proceeds net of brokerage commissions, if any,
directly to the Target Fund Common Shareholders entitled to receive the fractional shares (without interest and subject to withholding
taxes).

2.3EFFECT OF SUSPENSION IN TRADING. In the event that at the Valuation Time an accurate appraisal of the net asset value per
share of the Acquiring Fund or a Target Fund is impracticable due to either: (a) the closure of, or the imposition of a trading
restriction on, the exchange on which shares of a Fund are listed or another exchange on which the portfolio securities of the
Acquiring Fund or a Target Fund are purchased or sold; or (b) a disruption in trading or the reporting of trading on the exchange