Company: NMZ
Filing Date: 2025-09-29
Form Type: N-14 8C
Source: 0001999371-25-014188
Chunk: 110

Company: NUVEEN MUNICIPAL HIGH INCOME OPPORTUNITY FUND
Filing Date: 2025-09-29
Form: N-14 8C
Chunk 110
---
 and other related investments, the income from which is exempt from regular federal income taxes.

As a non-fundamental investment policy, under normal circumstances, the Fund will invest 100% of its Managed Assets (as defined below) and at least 80% of its Assets in municipal securities and other related investments, the income from which is also exempt from the federal alternative minimum tax applicable to individuals at the time of purchase.

“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..

<div align='center'>62</div>

Under normal circumstances:

| ● | The                                                                                            
 Fund may invest up to 75% of its Managed Assets in securities that, at the time of investment, 
 are rated below the three highest grades (Baa or BBB or lower) by at least one nationally      
 recognized statistical rating organization (“NRSRO”) or are unrated but judged                 
 to be of comparable quality by the Fund’s sub-adviser.                                         |

| ● | The                                                                                  
 Fund may invest up to 15% of its Managed Assets in inverse floating rate securities. |

| ● | The                                                                                   
 Fund may not enter into a futures contract or related options or forward contracts if 
 more than 30% of the Fund’s Managed Assets would be represented by futures contracts  
 or more than 5% of the Fund’s 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.

Investment Policies of New Jersey 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, the income from which is exempt from regular federal and New Jersey state 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