Company: NMZ
Filing Date: 2025-09-29
Form Type: N-14 8C
Source: 0001999371-25-014188
Chunk: 234

Company: NUVEEN MUNICIPAL HIGH INCOME OPPORTUNITY FUND
Filing Date: 2025-09-29
Form: N-14 8C
Chunk 234
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| ● | The                                                                                      
 Fund may invest up to 20% of its Managed Assets in municipal securities that at the time 
 of investment are rated below investment grade or are unrated by any NRSRO but judged    
 to be of comparable quality by the Fund’s sub-adviser.                                   |

| ● | No                                                                                         
 more than 10% of the Fund’s Managed Assets may be invested in municipal securities         
 rated below B3/B- or that are unrated but judged to be of comparable quality by the Fund’s 
 sub-adviser.                                                                               |

| ● | The                                                                                       
 Fund may invest up to 20% of its Managed Assets in municipal securities that pay interest 
 that is taxable under the federal alternative minimum tax (“AMT Bonds”).                  |

| ● | The                                                                             
 Fund may invest up to 15% of its net assets in inverse floating rate securities |

| ● | The                                                                                   
 Fund will generally maintain an investment portfolio with an overall weighted average 
 maturity of greater than 10 years.                                                    |

The foregoing policies apply only at the time of any new investment.

The Acquiring Fund generally invests in municipal securities. Municipal securities include municipal bonds, notes, securities issued to finance and refinance public projects, certificates of participation, variable rate demand obligations, lease obligations, municipal notes, pre-refunded municipal bonds, private activity bonds, securities issued by TOB Trusts, including inverse floating rate securities, and other forms of municipal bonds and securities, and other related instruments that create exposure to municipal bonds, notes and securities that provide for the payment of interest income that is exempt from regular U.S. federal income tax

With respect to the Acquiring Fund, under normal circumstances:

| ● | The                                                                                       
 Fund may invest up to 20% of its Managed Assets in municipal securities that pay interest 
 that is taxable under the federal alternative minimum tax.                                |

| ● | The                                                                                     
 Fund may invest up to 75% of its Managed Assets in municipal securities that, at the    
 time of investment, are rated Baa/BBB or lower by at least one NRSRO or are unrated but 
 judged to be of comparable quality by the Fund’s sub-adviser.                           |

| ● | The                                                                                    
 Fund may not invest more than 10% of its Managed Assets in municipal securities rated  
 below B3/B- by any NRSROs that rate the security or that are unrated by all NRSROs but 
 judged to be of comparable quality by the Fund