Company: NMZ
Filing Date: 2025-11-18
Form Type: N-14 8C/A
Source: 0001999371-25-018025
Chunk: 210

Company: NUVEEN MUNICIPAL HIGH INCOME OPPORTUNITY FUND
Filing Date: 2025-11-18
Form: N-14 8C/A
Chunk 210
---
 (in the case of the taxable year that includes the Closing Date), treated as a separate corporation for federal
income tax purposes. The Acquiring Fund has not taken any action, caused any action to be taken or caused any action to fail to
be taken which action or failure could cause the Acquiring Fund to fail to qualify as a RIC. Prior to the Closing, the Acquiring
Fund will have had no earnings and profits accumulated in any taxable year to which the provisions of Part I of Subchapter M of
the Code did not apply to it. The Acquiring Fund has a valid business purpose for undertaking the transactions described in this
Agreement. The Acquiring Fund is in the same line of business as each Target Fund. Following the Mergers, the Acquiring Fund will
(i) continue such line of business with no plan or intention to change such line of business (and the Acquiring Fund did not
enter into such line of business as part of the plan of reorganization) and (ii) use each Target Fund’s historic business
assets in its business and has no plan or intention to sell any of such historic business assets other than in the ordinary course
of conducting the Acquiring Fund’s trade or business as a RIC for reasons that will be independent of, and unrelated to,
such Mergers.

(r)All of the issued and outstanding membership interests in the Merger Sub are, and at the Effective Time and on the Closing
Date will be, owned by the Acquiring Fund, as the sole member of the Merger Sub, and there are (i) no other membership interests
or voting securities of the Merger Sub, (ii) no securities of the Merger Sub convertible into membership interests or voting securities
of the Merger Sub and (iii) no options or other rights to acquire from the Merger Sub, and no obligations of the Merger Sub to
issue, any membership interests, voting securities or securities convertible into membership interests or voting securities of
the Merger Sub.

<div align='center'>A-13</div>

(s)Since the date of its organization through the Effective Time, the Merger Sub has been, and will be, disregarded as an entity
separate from its owner within the meaning of Section 301.7701-3 of the Treasury Regulations. The Merger Sub has not elected, and
will not elect, to be classified, with effect as of or prior to the liquidation of the Merger Sub, as