Company: NMZ
Filing Date: 2025-11-18
Form Type: N-14 8C/A
Source: 0001999371-25-018025
Chunk: 113

Company: NUVEEN MUNICIPAL HIGH INCOME OPPORTUNITY FUND
Filing Date: 2025-11-18
Form: N-14 8C/A
Chunk 113
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| ● | 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.                                                    |

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

Investment Policies of Pennsylvania Municipal

As a fundamental policy, under normal circumstances, the Fund will invest at least 80% of its Assets (as defined below) in municipal securities and other related investments that pay interest exempt from regular federal and Pennsylvania income taxes.

“Assets” mean the net assets of the Fund plus the amount of any borrowings for investment purposes. “Managed Assets” mean 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.

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 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