Company: NMZ
Filing Date: 2025-09-29
Form Type: N-14 8C
Source: 0001999371-25-014188
Chunk: 232

Company: NUVEEN MUNICIPAL HIGH INCOME OPPORTUNITY FUND
Filing Date: 2025-09-29
Form: N-14 8C
Chunk 232
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| ● | The                                                                                      
 Fund may invest up to 20% of its Managed Assets in municipal securities that at the time 
 of investment are rated below investment grade (Ba or BB or lower) or are unrated but    
 judged to be of comparable quality by the Fund’s investment adviser and/or the           
 Fund’s sub-adviser.                                                                      |

| ● | No                                                                                         
 more than 10% of the Fund’s Managed Assets may be invested in municipal securities         
 rated below B3/B- or that are unrated but judged to be of comparable quality by the Fund’s 
 investment adviser and/or the Fund’s sub-adviser.                                          |

| ● | The                                                                                       
 Fund may invest up to 20% of its Managed Assets in municipal securities that pay interest 
 that is taxable under the federal alternative minimum tax applicable to individuals.      |

| ● | The                                                                                      
 Fund may not enter into a futures contract or related options or forward contracts if    
 more than 30% of its Managed Assets would be represented by futures contracts or more    
 than 5% of its Managed Assets would be committed to initial margin deposits and premiums 
 on futures contracts or related options.                                                 |

| ● | The                                                                                   
 Fund will generally maintain an investment portfolio with an overall weighted average 
 maturity of greater than 10 years.                                                    |

The foregoing policies apply only at the time of any new investment.

Pennsylvania Municipal generally invests in municipal securities. Municipal securities include municipal bonds, notes, securities issued to finance and refinance public projects, certificates of participation, variable rate demand obligations, lease obligations, municipal notes, pre-refunded municipal bonds, private activity bonds, securities issued by TOB trusts, including inverse floating rate securities, and other forms of municipal bonds and securities, and other related instruments that create exposure to municipal bonds, notes and securities that provide for the payment of interest income that is exempt from regular U.S. federal income tax and Pennsylvania personal income taxes.

With respect to Pennsylvania Municipal, under normal circumstances:

| ● | The                                                                                          
 Fund will invest at least 80% of its Managed Assets in investment grade municipal securities 
 that, at the time of investment, are rated within the four highest grades (Baa or BBB        
 or better) by at least one NRSRO or are unrated but judged to be of comparable quality       
 by the Fund’s investment adviser and/or the Fund’s sub-adviser.                              |

| ● | The                                                                                      
 Fund may invest up to