Company: NMZ
Filing Date: 2025-09-29
Form Type: N-14 8C
Source: 0001999371-25-014188
Chunk: 145

Company: NUVEEN MUNICIPAL HIGH INCOME OPPORTUNITY FUND
Filing Date: 2025-09-29
Form: N-14 8C
Chunk 145
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 $628 |       $41 |         $1,851 |
| Robert L. Young         |     $1,924 |       $1,559 |       $92 |         $3,167 |

<div align='center'>83</div>

Board Leadership Structure and Risk Oversight

The Board of each Fund oversees the operations
and management of the Fund, including the duties performed for the Fund by the Adviser or its affiliates. The Board has adopted
a unitary board structure. A unitary board consists of one group of board members who serves on the board of every fund in the
Nuveen Fund complex (except with respect to certain Nuveen Funds where certain directors may instead serve as consultants. As indicated
in the “Board Members/Nominees” table included herein. In adopting a unitary board structure, the Board Members seek
to provide effective governance through establishing a board, the overall composition of which will, as a body, possess the appropriate
skills, diversity (including, among other things, gender, race and ethnicity), independence and experience to oversee the Funds’
business. With this overall framework in mind, when the Board, through its Nominating and Governance Committee discussed below,
seeks nominees for the Board, the Board Members consider not only the candidate’s particular background, skills and experience,
among other things, but also whether such background, skills and experience enhance the Board’s diversity and at the same
time complement the Board given its current composition and the mix of skills and experiences of the incumbent Board Members. The
Nominating and Governance Committee believes that the Board generally benefits from diversity of background (including, among other
things, gender, race and ethnicity), skills, experience and views among its members, and considers this a factor in evaluating
the composition of the Board, but has not adopted any specific policy on diversity or any particular definition of diversity.

The Board believes the unitary board structure
enhances good and effective governance, particularly given the nature of the structure of the investment company complex. Funds
in the same complex generally are served by the same service providers and personnel and are governed by the same regulatory scheme
which raises common issues that must be addressed by the Board Members across the Fund Complex (such as compliance, valuation,
liquidity, brokerage, trade allocation and risk management). The Board believes it is more efficient to have a single board review
and oversee common policies and procedures which increases the Board’s knowledge and expertise with respect to the many aspects
of fund operations