Company: NMZ
Filing Date: 2025-11-18
Form Type: N-14 8C/A
Source: 0001999371-25-018025
Chunk: 180

Company: NUVEEN MUNICIPAL HIGH INCOME OPPORTUNITY FUND
Filing Date: 2025-11-18
Form: N-14 8C/A
Chunk 180
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 dividend income” to noncorporate shareholders.

As a RIC, the Acquiring Fund will not be
subject to federal income tax in any taxable year provided that it meets certain distribution requirements. The Acquiring Fund
may retain for investment some (or all) of its net capital gains. If the Acquiring Fund retains any net capital gains or investment
company taxable income, it will be subject to tax at regular corporate rates on the amount retained. If the Acquiring Fund retains
any net capital gains, it may designate the retained amount as undistributed capital gains in a notice to its shareholders who,
if subject to federal income tax on long-term capital gains, (1) will be required to include in income for federal income tax purposes,
as long-term capital gain, their share of such undistributed amount; (2) will be entitled to credit their proportionate shares
of the federal income tax paid by the Acquiring Fund on such undistributed amount against their federal income tax liabilities,
if any; and (3) may claim refunds to the extent the credit exceeds such liabilities. For federal income tax purposes, the basis
of shares owned by a shareholder of the Acquiring Fund will be increased by an amount equal to the difference between the amount
of undistributed capital gains included in the shareholder’s gross income and the tax deemed paid by the shareholder under
clause (2) of the preceding sentence.

The Internal Revenue Service (the “IRS”)
currently requires that a RIC that has two or more classes of stock allocate to each such class proportionate amounts of each type
of its income (such as exempt interest, ordinary income and capital gains). Accordingly, the Acquiring Fund reports dividends made
with respect to common shares and preferred shares as consisting of particular types of income (e.g., exempt interest, net capital
gains and ordinary income) in accordance with each class’s proportionate share of the total dividends paid by the Acquiring
Fund with respect to the year.

Dividends declared by the Acquiring Fund
in October, November or December to shareholders of record in one of those months and paid during the following January will
be treated as having been paid by the Acquiring Fund and received by shareholders on December 31 of the year the distributions
were declared.

Each shareholder will receive an annual
statement summarizing the shareholder’s dividend and capital gains distributions.

The redemption, sale or exchange of shares
normally will result in capital gain or loss to U.S. shareholders who hold their shares as capital assets.