Company: NMZ
Filing Date: 2025-09-29
Form Type: N-14 8C
Source: 0001999371-25-014188
Chunk: 101

Company: NUVEEN MUNICIPAL HIGH INCOME OPPORTUNITY FUND
Filing Date: 2025-09-29
Form: N-14 8C
Chunk 101
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 payment to holders subject to Missouri income taxation in the event Missouri Municipal were required to allocate capital gains and/or ordinary income to a given month’s distribution in order to make such distribution equal, on an after-tax basis, to the amount of the distribution if it was excludable from Missouri personal income taxation (in addition to federal income taxation). The aggregate liquidation preference of the New MFP Shares to be received in the Merger, if any, will equal the aggregate liquidation preference of the MFP Shares of Missouri Municipal held immediately prior to the closing of the Merger. The economic terms of any New MFP Shares likely will not be the same as the terms of the outstanding AMTP Shares of the Acquiring Fund or other preferred shares issued in the Mergers. The number of MFP Shares of Missouri Municipal currently outstanding may change prior to the Merger due to market or other conditions. See “Additional Information About the Acquiring Fund—Description of Outstanding Acquiring Fund MFP Shares” and “—Description of Outstanding Acquiring Fund AMTP Shares.”

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The MFP Shares of Missouri Municipal are (and the New MFP Shares of the Acquiring Fund are expected to be) in the Variable Rate Mode. Holders of the New MFP Shares will be entitled to receive cash dividends when, as and if declared by the Acquiring Fund’s Board. The amount of dividends per New MFP Share payable on any dividend payment date will equal the sum of dividends accumulated for each day but not yet paid during the relevant dividend period. The Acquiring Fund expects that the amount of dividends will be calculated based on an index rate expected to be equal to the SIFMA Municipal Swap Index or another index plus an applicable spread. The applicable spread will be subject to adjustment in certain circumstances, including a change in the credit rating assigned to the New MFP Shares. In no circumstances may the dividend rate exceed 15% per annum for any dividend reset period.

The outstanding MFP Shares of Missouri Municipal have a term redemption date of October 1, 2047, subject to earlier redemption or repurchase. The New MFP Shares will have the same term redemption date as the corresponding Missouri Municipal MFP Shares.

The New MFP Shares will be subject to optional and mandatory redemption in certain circumstances. The Acquiring Fund will be obligated to redeem the New MFP Shares on the term redemption date, unless earlier redeemed or repurchased by the Acquiring Fund, at a redemption price per share equal to the liquid