Company: NMZ
Filing Date: 2025-09-29
Form Type: N-14 8C
Source: 0001999371-25-014188
Chunk: 97

Company: NUVEEN MUNICIPAL HIGH INCOME OPPORTUNITY FUND
Filing Date: 2025-09-29
Form: N-14 8C
Chunk 97
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                         | $11.63 |     | $10.83 |                      | (4.30)% |     | (5.82)%  |
| January       
 2023          |                  |    $11.23 |     |  $9.80 |                         | $11.15 |     | $10.02 |                      | 0.72%   |     | (2.20)%  |

On [•], the closing sale prices of New Jersey Municipal, Pennsylvania Municipal, Missouri Municipal, and Acquiring Fund common shares were $[•], $[•], $[•], and $[•], respectively. These prices represent discounts to net asset value for New Jersey Municipal, Pennsylvania Municipal, Missouri Municipal, and the Acquiring Fund of ([•])%, ([•])%, ([•]), and ([•])%, respectively.

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Common shares of each Fund have historically traded at a discount to net asset value. It is not possible to state whether Acquiring Fund common shares will trade at a premium or discount to net asset value following the Mergers, or what the extent of any such premium or discount might be.

Affiliated Brokerage and Other Fees

None of the Target Funds or the Acquiring Fund paid brokerage commissions within the last fiscal year to (i) any broker that is an affiliated person of such Fund or an affiliated person of such person, or (ii) any broker an affiliated person of which is an affiliated person of such Fund, the Adviser, or the Sub-Adviser of such Fund.

Description of VRDP Shares to Be Issued by the Acquiring Fund

With respect to each of New Jersey Municipal and Pennsylvania Municipal, if the Merger takes place, the Acquiring Fund will issue VRDP Shares (the “New VRDP Shares”) pursuant to the Agreement if VRDP Shares of New Jersey Municipal and/or Pennsylvania Municipal, as applicable, are outstanding immediately prior to the closing.

The VRDP Shares of New Jersey Municipal and Pennsylvania Municipal are (and the New VRDP Shares are expected to be) in a “Special Rate Period,” in which the dividend is currently a variable rate determined by reference to an index rate plus an applicable spread. During a Special Rate Period, the New Jersey Municipal VRDP Shares and Pennsylvania Municipal VRDP Shares are not remarketed by a remarketing agent, and are not subject to optional or mandatory tender events or supported by a liquidity provider and are not subject to remarketing fees or liquidity fees.