Company: NMZ
Filing Date: 2025-09-29
Form Type: N-14 8C
Source: 0001999371-25-014188
Chunk: 219

Company: NUVEEN MUNICIPAL HIGH INCOME OPPORTUNITY FUND
Filing Date: 2025-09-29
Form: N-14 8C
Chunk 219
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 (1) the effect of the Mergers on the Target Funds, the Acquiring Fund, the Merger Sub or any Target Fund Shareholder
with respect to any asset (including, without limitation, any stock held in a passive foreign investment company as defined in
Section 1297(a) of the Code) as to which any gain or loss is required to be recognized under federal income tax principles
(a) at the end of a taxable year (or on the termination thereof) or (b) upon the transfer of such asset regardless of
whether such transfer would otherwise be a non-taxable transaction under the Code, (2) the effect of the Mergers under the alternative
minimum tax imposed under Section 55 of the Code on any direct or indirect shareholder of a Target Fund that is a corporation,
and (3) any other federal tax issues (except those set forth above) and all state, local or foreign tax issues of any kind.
Such opinions will be based on customary assumptions and such representations as Vedder Price P.C. may reasonably request of the
Funds and the Merger Sub. Each Target Fund and the Acquiring Fund Parties will cooperate to make and certify the accuracy of such
representations. Notwithstanding anything herein to the contrary, no Fund may waive the conditions set forth in this Section 8.9
with respect to its Merger(s). Insofar as the opinions expressed above relate to or are dependent upon the classification of the
Acquiring Fund MFP Shares, or Acquiring Fund VRDP Shares, as applicable, as equity for federal income tax purposes, Vedder Price
P.C. may rely on the opinions delivered to the Acquiring Fund by Stradley Ronon Stevens & Young, LLP with respect to such issue.

<div align='center'>Article IX
EXPENSES</div>

9.1The expenses incurred in connection with the Mergers (whether or not the Merger with respect to a Target Fund is consummated)
will be allocated among and borne by all of the Funds ratably based on the projected relative benefits to the common shareholders
of each Fund, as common shareholders of the Acquiring Fund for a period equal to shareholders’ average holding period of
shares for each Fund, and each Fund shall have accrued such expenses as liabilities at or before the Valuation Time. Merger-related
expenses include, without limitation, (a) expenses associated with the preparation and filing of the Registration Statement
and other Proxy Materials; (b) postage