Company: NMZ
Filing Date: 2025-09-29
Form Type: N-14 8C
Source: 0001999371-25-014188
Chunk: 113

Company: NUVEEN MUNICIPAL HIGH INCOME OPPORTUNITY FUND
Filing Date: 2025-09-29
Form: N-14 8C
Chunk 113
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“Assets” mean the net assets of the Fund plus the amount of any borrowings for investment purposes. “Managed Assets” mean the total assets of the Fund, minus the sum of its accrued liabilities (other than Fund liabilities incurred for the express purpose of creating leverage). Total assets for this purpose shall include assets attributable to the Fund’s use of leverage (whether or not those assets are reflected in the Fund’s financial statements for purposes of generally accepted accounting principles), and derivatives will be valued at their market value.

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Under Normal Circumstances:

| ● | The                                                                                        
 Fund will invest at least 80% of its Managed Assets in securities that at the time of      
 investment are investment grade quality. A security is considered investment grade quality 
 if it is rated within the four highest letter grades (Baa or BBB or better) by at least    
 one nationally recognized statistical rating organization (“NRSRO”) that                   
 rates such security (even if it is rated lower by another), or if it is unrated by any     
 NRSRO 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 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.

Each Fund uses leverage to pursue its investment objectives. The Funds may use leverage to the extent permitted by the 1940 Act. The Funds may source leverage through a number of methods including the issuance of preferred shares, investments in inverse floating rate securities and borrowings.