Company: NMZ
Filing Date: 2025-09-29
Form Type: N-14 8C
Source: 0001999371-25-014188
Chunk: 210

Company: NUVEEN MUNICIPAL HIGH INCOME OPPORTUNITY FUND
Filing Date: 2025-09-29
Form: N-14 8C
Chunk 210
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 effect as of or prior to the liquidation of the Merger Sub, as an association taxable as
a corporation pursuant to Section 301.7701-3 of the Treasury Regulations.

<div align='center'>Article V
COVENANTS OF the FUNDs AND MERGER SUBSIDIARY</div>

5.1OPERATION IN ORDINARY COURSE. Subject to Sections 1.1(f) and 8.5, each Fund will operate its respective business in
the ordinary course from the date of this Agreement through the Closing, it being understood that such ordinary course of business
will include customary dividends and distributions, and any other distributions necessary or desirable to avoid federal income
or excise taxes.

5.2APPROVAL OF SHAREHOLDERS. The Acquiring Fund will call a meeting of its common and preferred shareholders and each Target
Fund will call a meeting of its common and preferred shareholders to consider and act upon the proposal or proposals required to
effect the provisions of this Agreement and to take all other appropriate actions necessary to obtain approval of the transactions
contemplated herein.

5.3ADDITIONAL INFORMATION. Each Target Fund will assist the Acquiring Fund in obtaining such information as the Acquiring Fund
reasonably requests concerning the beneficial ownership of such Target Fund’s shares.

5.4FURTHER ACTION. Subject to the provisions of this Agreement, each Fund and the Merger Sub will take or cause to be taken
all actions, and do or cause to be done all things, reasonably necessary, proper or advisable to consummate and make effective
the transactions contemplated by this Agreement, including any actions required to be taken after the Closing.

5.5PREPARATION OF REGISTRATION STATEMENT AND PROXY MATERIALS. The Funds will prepare and file with the Commission a registration
statement on Form N-14 relating to the Acquiring Fund Common Shares to be issued to Target Fund Common Shareholders of each
Target Fund and the approval of each Merger by the common shareholders of the applicable Target Fund and the common and preferred
shareholders of the Acquiring Fund and related matters (the “Registration Statement”), one or more proxy statements
relating to: the approval of the applicable Merger by the holders of Missouri Municipal’s MFP Shares (the “MFP Proxy
Statement”), the approval of the applicable Merger by the holders of Pennsylvania Municipal’s VRDP Shares (the “Pennsylvania
VRDP Proxy Statement”), and the approval of the applicable Merger by the holders of