Company: NMZ
Filing Date: 2025-09-29
Form Type: N-14 8C
Source: 0001999371-25-014188
Chunk: 180

Company: NUVEEN MUNICIPAL HIGH INCOME OPPORTUNITY FUND
Filing Date: 2025-09-29
Form: N-14 8C
Chunk 180
---
 at least 90% of its net
tax-exempt interest and distributes such dividends on a monthly or more frequent basis. Any remaining loss on the sale or disposition
of shares held for six months or less will be treated as a long-term capital loss to the extent of any distributions of net capital
gains received (and undistributed net capital gain designated by the Acquiring Fund that is deemed to be received) by the shareholder
on such shares. Any loss realized on a sale or exchange of shares of the Acquiring Fund will be disallowed to the extent those
shares of the Acquiring Fund are replaced by other substantially identical shares of the Acquiring Fund or other substantially
identical stock or securities (including through reinvestment of dividends) within a period of 61 days beginning 30 days before
and ending 30 days after the date of disposition of the original shares. In that event, the basis of the replacement shares will
be adjusted to reflect the disallowed loss. The deductibility of capital losses is subject to limitations.

<div align='center'>103</div>

Any interest on indebtedness incurred or
continued to purchase or carry the Acquiring Fund’s shares to which exempt-interest dividends are allocated is not deductible.
Under certain applicable rules, the purchase or ownership of shares may be considered to have been made with borrowed funds even
though such funds are not directly used for the purchase or ownership of the shares. In addition, if you receive Social Security
or certain railroad retirement benefits, you may be subject to federal income tax on a portion of such benefits as a result of
receiving investment income, including exempt-interest dividends and other distributions paid by the Acquiring Fund.

If the Acquiring Fund invests in certain
pay-in-kind securities, zero coupon securities, deferred interest securities or, in general, any other securities with original
issue discount (or with market discount if the Acquiring Fund elects to include market discount in income currently), the Acquiring
Fund must accrue income on such investments for each taxable year for federal income tax purposes, which generally will be prior
to the receipt of the corresponding cash payments. However, the Acquiring Fund must distribute to shareholders, at least annually,
all or substantially all of its investment company taxable income (determined without regard to the deduction for dividends paid)
and its net tax-exempt income, including such income it is required to accrue, to qualify as a RIC and (with respect to its ordinary
income and capital gain) to avoid federal income