Company: NMZ
Filing Date: 2025-11-18
Form Type: N-14 8C/A
Source: 0001999371-25-018025
Chunk: 36

Company: NUVEEN MUNICIPAL HIGH INCOME OPPORTUNITY FUND
Filing Date: 2025-11-18
Form: N-14 8C/A
Chunk 36
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 (or “junk” bonds) to a greater extent than the Target Funds.

The principal risks of investing in the Acquiring Fund are described in more detail below. See “B. Risk Factors.”

Comparative Expense Information

The purpose of the Comparative Fee Table is to assist you in understanding the various costs and expenses of investing in common shares of the Funds. The information in the table reflects the fees and expenses of the Funds for the twelve-month period ended July 31, 2025, and the pro forma fees and expenses of the combined fund following the Mergers for the same period assuming all Mergers are completed and for each Merger separately.

The value of assets of the Funds will vary based on market conditions and other factors and may vary significantly during volatile market conditions. The figures in the Example are not necessarily indicative of past or future expenses, and actual expenses may be greater or less than those shown. The Funds’ actual rates of return may be greater or less than the hypothetical 5% annual return shown in the Example.

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1. Comparative Fee Table(1)—Mergers of New Jersey Municipal, Pennsylvania Municipal, and Missouri Municipal</div>

|                                                                                |     | New       
 Jersey    
 Municipal |     | Pennsylvania 
 Municipal    |     | Missouri  
 Municipal |     | Acquiring 
 Fund      |     | Combined     
 Fund         
 Pro Forma(2) |
| Annual                                                                         
 Expenses (as a percentage of net assets attributable to common shares)         |     |           |     |              |     |           |     |           |     |              |
| Management                                                                     
 Fees                                                                           |     | 0.97%     |     | 0.98%        |     | 1.03%     |     | 1.04%     |     | 1.02%        |
| Fees                                                                           
 on Preferred Shares and Interest and Related Expenses from Inverse Floaters(2) |     | 2.78%     |     | 2.66%        |     | 2.93%     |     | 2.47%     |     | 2.41%        |
| Other                                                                          
 Expenses                                                                       |     | 0.10%     |     | 0.11%        |     | 0.97%     |     | 0.08%     |     | 0.08%(1)     |
| Total                                                                          
 Annual Expenses                                                                |     | 3.