Company: NMZ
Filing Date: 2025-11-18
Form Type: N-14 8C/A
Source: 0001999371-25-018025
Chunk: 27

Company: NUVEEN MUNICIPAL HIGH INCOME OPPORTUNITY FUND
Filing Date: 2025-11-18
Form: N-14 8C/A
Chunk 27
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 bond market by investing in tax-exempt Pennsylvania municipal bonds that the Fund’s investment adviser believes are underrated or undervalued or that represent municipal market sectors that are undervalued.

Missouri Municipal’s investment objectives are to provide current income exempt from regular federal and Missouri personal income taxes and to enhance portfolio value relative to the Missouri municipal bond market by investing in tax-exempt Missouri municipal obligations that the Fund’s investment adviser believes are underrated or undervalued or that represent municipal market sectors that are undervalued.

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The Acquiring Fund’s primary investment objective is to provide high current income exempt from regular federal income tax. The Acquiring Fund’s secondary investment objective is to seek attractive total return consistent with its primary objective.

Each Target Fund is required to invest at least 80% of its managed assets in investment grade securities, while the Acquiring Fund is permitted to allocate up to 75% of its portfolio to lower rated municipal securities. Investments in lower rated securities are subject to higher risks than investments in higher rated securities, including a higher risk that the issuer will be unable to pay interest or principal when due.

Each Fund is a diversified, closed-end management investment company and currently employs leverage through the issuance of preferred shares and the use of inverse floating rate securities.

The following summary compares the current principal investment policies and strategies of the Acquiring Fund to the current principal investment policies and strategies of each Target Fund as of the date of this Joint Proxy Statement/Prospectus.

| New                                                                                                  
 Jersey                                                                                               
 Municipal                                                                                            | Pennsylvania                                                                                         
 Municipal                                                                                            | Missouri                                                                                             
 Municipal                                                                                            | Acquiring                                                                                                             
 Fund                                                                                                                  | Differences                                                                                                       |
| Principal                                                                                            
 Investment Strategy:                                                                                 | Principal                                                                                            
 Investment Strategy:                                                                                 | Principal                                                                                            
 Investment Strategy:                                                                                 | Principal                                                                                                             
 Investment Strategy:                                                                                                  |                                                                                                                   |
| As                                                                                                   
 a fundamental policy, under normal circumstances, the Fund will invest at least 80% of its Assets(1) 
 in municipal securities and other related investments the                                            
 income from which is exempt from regular federal and New Jersey state income taxes.                  | As                                                                                                   
 a fundamental policy, under normal circumstances, the Fund will invest at least 80% of its Assets(1) 
 in municipal securities and other related investments that                                           
 pay interest exempt from regular federal and Pennsylvania income taxes.                              | As                                                                                                   
 a fundamental policy, under normal circumstances, the Fund will invest at least 80% of its Assets(1) 
 in