Company: NMZ
Filing Date: 2025-09-29
Form Type: N-14 8C
Source: 0001999371-25-014188
Chunk: 183

Company: NUVEEN MUNICIPAL HIGH INCOME OPPORTUNITY FUND
Filing Date: 2025-09-29
Form: N-14 8C
Chunk 183
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 per share. All valuations are subject to review by the Acquiring Fund’s
Board or its delegate, Nuveen Asset Management.

In determining net asset value, securities
and other assets for which market quotations are available are valued daily at market value and expenses are accrued and applied
daily. The prices of fixed income securities are provided by a pricing service and are based on the mean between the bid and asked
price. When price quotes are not readily available, which is typically the case for municipal bonds, the pricing service establishes
a security’s fair value based on various factors, including prices of comparable fixed income securities utilizing a matrix
pricing system. Due to the subjective and variable nature of fair value pricing, it is possible that the fair value determined
for a particular security may be different from the value realized upon the sale of the security.

Certain securities may not be able to be
priced by pre-established pricing methods. Such securities may be valued by the Board or its delegate at fair value. These securities
generally include but are not limited to, restricted securities (securities that may not be publicly sold without registration
under the 1933 Act) for which a pricing service is unable to provide a market price; securities whose trading has been formally
suspended; debt securities that have gone into default and for which there is no current market quotation; a security whose market
price is not available from a pre-established pricing source; a security with respect to which an event has occurred that is likely
to materially affect the value of the security after the market has closed but before the calculation of net asset value; a security
with respect to which an event has occurred that is likely to make it difficult or impossible to obtain a reliable market quotation;
and a security whose price, as provided by the pricing service, does not reflect the security’s “fair value.”
As a general principle, the current “fair value” of a security would be the amount that the owner might reasonably
expect to receive for it upon its current sale. A variety of factors may be considered in determining the fair value of such securities.

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Legal Opinions

Certain legal matters in connection with
the issuance of common shares pursuant to the Agreement will be passed upon by Morgan, Lewis & Bockius LLP, One Federal
Street, Boston, Massachusetts 02110.

Experts

The financial statements appearing in the
Annual Reports of New Jersey Municipal and Pennsylvania Municipal for the fiscal year ended [•], and of Missouri