Company: NMZ
Filing Date: 2025-09-29
Form Type: N-14 8C
Source: 0001999371-25-014188
Chunk: 68

Company: NUVEEN MUNICIPAL HIGH INCOME OPPORTUNITY FUND
Filing Date: 2025-09-29
Form: N-14 8C
Chunk 68
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 have not been identified. Furthermore, the Fund cannot control the cybersecurity plans and systems put in place by its service providers or any other third parties whose operations may affect the Fund.

Anti-Takeover Provisions.The Fund’s Declaration of Trust and By-laws include provisions that could limit the ability of other entities or persons to acquire control of the Fund, change the composition of its Board of Trustees or convert the Fund to open-end status. These provisions include, among others, staggered terms of office for the Trustees, advance notice requirements for shareholder proposals and super-majority voting requirements for certain transactions. These provisions could have the effect of depriving the common shareholders of opportunities to sell their common shares at a premium over the then-current market price of the common shares by discouraging a third party from seeking to obtain control of the Fund. See “Additional Information About the Acquiring Fund—Certain Provisions in the Acquiring Fund’s Declaration of Trust and By-Laws.”

| C. | INFORMATION       
 ABOUT THE MERGERS |

General

Nuveen Fund Advisors, LLC, a subsidiary of Nuveen, LLC and the Funds’ investment adviser, recommended the Merger proposal as part of an ongoing initiative to streamline Nuveen’s municipal closed-end fund line-up. Each Fund’s Board considered its Fund’s Merger(s) and determined that the Merger(s) would be in the best interests of its Fund. Based on information provided by Nuveen Fund Advisors, each Target Fund’s Board considered that its Fund’s proposed Merger may benefit the common shareholders of its Fund in a number of ways, including, among other things:

| ● | The                                                                                   
 potential for higher common share net earnings and distribution levels following the  
 Mergers, due in part to the Acquiring Fund’s ability to invest to a greater degree    
 in lower rated securities and a geographically diverse national portfolio, as well as 
 operating economies from the combined fund’s greater scale;                           |

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| ● | Greater                                                                               
 secondary market liquidity and improved secondary market trading for common shares as 
 a result of the combined fund’s greater share volume, which may lead to narrower      
 bid-ask spreads and smaller trade-to-trade price movements;                           |

| ● | The                                                                                    
 potential for a narrower trading discount as a result of the Acquiring Fund’s common   
 shares trading at a discount that historically has been lower than that of each Target 
 Fund’s common shares; and                                                              |

| ● | Increased                                                                                
 portfolio and leverage management