Company: NMZ
Filing Date: 2025-09-29
Form Type: N-14 8C
Source: 0001999371-25-014188
Chunk: 176

Company: NUVEEN MUNICIPAL HIGH INCOME OPPORTUNITY FUND
Filing Date: 2025-09-29
Form: N-14 8C
Chunk 176
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 disbursing agent and paying agent,
calculation agent and redemption price disbursing agent with respect to the Missouri Municipal’s MFP Shares and each of New
Jersey Municipal and Pennsylvania Municipal’s VRDP Shares. The Bank of New York Mellon will serve in such capacity for the
New MFP Shares and the New VRDP Shares issued in the Merger.

Federal Income Tax Matters Associated with Investment in the Acquiring Fund

The following information is meant as a
general summary of certain federal income tax matters for U.S. shareholders who hold their shares as capital assets and does not
address all of the federal income tax consequences that may be relevant to particular shareholders in light of their individual
circumstances. This discussion also does not address the tax consequences to shareholders who are subject to special rules, including,
without limitation, shareholders with large positions in the Acquiring Fund, financial institutions, insurance companies, dealers
in securities or foreign currencies, foreign holders, persons who hold their shares as or in a hedge against currency risk, a constructive
sale, conversion transaction or other integrated transaction, holders who are subject to the federal alternative minimum tax (except
as discussed below), investors with “applicable financial statements” within the meaning of section 451(b) of
the Internal Revenue Code of 1986, as amended (the “Code”) or tax-exempt or tax-advantaged plans, accounts, or entities.
In addition, the discussion does not address any state, local or foreign tax consequences. The discussion reflects applicable federal
income tax laws of the United States as of the date of this Prospectus, which tax laws may be changed or subject to new interpretations
by the courts or the Internal Revenue Service (“IRS”) retroactively or prospectively. No attempt is made to present
a detailed explanation of all federal income tax concerns affecting the Acquiring Fund and its shareholders, and the discussion
set forth herein does not constitute tax advice. Please see the Merger SAI for additional information. Investors should rely on
their own tax adviser for advice about the particular federal, foreign, state and local tax consequences to them of investing in
the Acquiring Fund.

For purposes of this summary,
a “U.S. shareholder” is a beneficial owner of shares of the Acquiring Fund that is, for federal income tax purposes,
(i) an individual who is a citizen or resident of the United States, (ii) a corporation created or organized in or under the laws
of the United States, any state thereof or the District