Company: NMZ
Filing Date: 2025-11-18
Form Type: N-14 8C/A
Source: 0001999371-25-018025
Chunk: 6

Company: NUVEEN MUNICIPAL HIGH INCOME OPPORTUNITY FUND
Filing Date: 2025-11-18
Form: N-14 8C/A
Chunk 6
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ergers   
 to the Funds is based on the expected benefits of the Mergers to common shareholders     
 of each Fund following the Mergers, including operating expense savings, improvements    
 in the secondary trading market for common shares and the impact on common share net     
 earnings. Preferred shareholders will not bear any costs of the Mergers.                 |

The costs of the Mergers are estimated to be $2,330,000, but the actual costs may be higher or lower than that amount. These costs represent the estimated nonrecurring expenses of the Funds in carrying out their obligations under the Agreement and consist of management’s estimate of professional service fees, printing costs and mailing charges related to the proposed Mergers. Based on the expected benefits of the Mergers to each Fund, each of New Jersey Municipal, Pennsylvania Municipal, Missouri Municipal and the Acquiring Fund is expected to be allocated $1,145,000, $1,090,000, $60,000 and $35,000, respectively, of the estimated expenses in connection with the Mergers (0.21%, 0.23%, 0.23%, and 0.00%, respectively, of New Jersey Municipal’s, Pennsylvania Municipal’s, Missouri Municipal’s, and the Acquiring Fund’s average net assets applicable to common shares for the twelve months ended July 31, 2025). If any of the Mergers is not consummated for any reason, including because the requisite shareholder approvals are not obtained, each of the Funds, and common shareholders of each of the Funds indirectly, will still bear the costs of the Mergers.

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| Q. | Will                                                                     
 the Mergers constitute a taxable event for a Target Fund’s shareholders? |

| Q. | As                                                                                    
 a result of the Mergers, will common shareholders of a Target Fund receive new shares 
 of the Acquiring Fund?                                                                |

| A. | Yes.                                                                                             
 Upon the closing of each Merger, Target Fund common shareholders will become common shareholders 
 of the Acquiring Fund. Holders of common shares of each Target Fund will receive newly           
 issued common shares of the Acquiring Fund, with cash being distributed in lieu of fractional    
 common shares. The aggregate net asset value, as of the close of trading on the business         
 day immediately prior to the closing of each Merger, of the Acquiring Fund common shares         
 received by each Target Fund’s common shareholders (including, for this purpose