Company: NMZ
Filing Date: 2025-11-18
Form Type: N-14 8C/A
Source: 0001999371-25-018025
Chunk: 28

Company: NUVEEN MUNICIPAL HIGH INCOME OPPORTUNITY FUND
Filing Date: 2025-11-18
Form: N-14 8C/A
Chunk 28
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 imbalances of supply and demand or other temporary dislocations in the tax-exempt bond market adversely      
 affect the price at which long-term or intermediate-term municipal securities are available), and in order to keep the Fund’s   
 cash fully invested, the Fund may invest any percentage of its Managed Assets in short-term investments including high quality, 
 short-term debt securities that may be either tax-exempt or taxable. The Fund may not achieve its investment objectives during  
 such periods.                                                                                                                   | Substantially 
 similar.      |

| (1) | Relevant                                                                   
 Fund defines “Assets” as the net assets of the Fund plus the amount of any 
 borrowings for investment purposes.                                        |

| (2) | Relevant                                                                                       
 Fund defines “Managed Assets” as the total assets of the Fund, minus the                       
 sum of its accrued liabilities (other than Fund liabilities incurred for the express           
 purpose of creating leverage). Total assets for this purpose shall include assets attributable 
 to the Fund’s use of leverage (whether or not those assets are reflected in the                
 Fund’s financial statements for purposes of generally accepted accounting principles),         
 and derivatives will be valued at their market value.                                          |

<div align='center'>9</div>

Credit Quality. A comparison of the credit quality (as a percentage of total investment exposure, which includes the leveraged effect of the Funds’ investments in inverse floating rate securities of tender option bond trusts) of the portfolios of each Target Fund and the Acquiring Fund, as of July 31, 2025, is set forth below.

| New Jersey Municipal(1) | Pennsylvania Municipal(1) |
| Missouri Municipal(1)   | Acquiring Fund(1)         |

| (1) | Ratings                                                                                
 shown are the highest rating given by one of the following national rating agencies:   
 Standard & Poor’s Group (“S&P”), Moody’s Investors Service,                            
 Inc. (“Moody’s”) or Fitch Ratings, Inc. (“Fitch”). Credit                              
 ratings are subject to change. AAA, AA, A, and BBB are investment-grade ratings; BB or 
 lower are below-investment-grade ratings. Certain bonds backed by U.S. government or   
 agency securities are regarded as having an implied rating equal to the rating of such 
 securities. Holdings designated N/R are not rated by these national rating agencies.   |

<div align='center'>10</div>

State Allocation. A comparison of the state allocation (as a percentage of total investment exposure, which includes the leveraged effect of the Funds