Company: NMZ
Filing Date: 2025-11-18
Form Type: N-14 8C/A
Source: 0001999371-25-018025
Chunk: 183

Company: NUVEEN MUNICIPAL HIGH INCOME OPPORTUNITY FUND
Filing Date: 2025-11-18
Form: N-14 8C/A
Chunk 183
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 notified by the IRS (or the IRS notifies the Acquiring Fund)
that he, she or it is subject to backup withholding. Backup withholding is not an additional tax; rather, it is a way in which
the IRS ensures it will collect taxes otherwise due. Any amounts withheld may be credited against a shareholder’s federal
income tax liability.

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The Foreign Account Tax Compliance Act (“FATCA”)
generally requires the Acquiring Fund to obtain information sufficient to identify the status of each of its shareholders. If a
shareholder fails to provide this information or otherwise fails to comply with FATCA, the Acquiring Fund may be required to withhold
under FATCA at a rate of 30% with respect to that shareholder on Acquiring Fund dividends and distributions and redemption proceeds.
The Acquiring Fund may disclose the information that it receives from (or concerning) its shareholders to the IRS, non-U.S. taxing
authorities or other parties as necessary to comply with FATCA, related intergovernmental agreements or other applicable law or
regulation. Investors are urged to consult their own tax advisers regarding the applicability of FATCA and any other reporting
requirements with respect to the investor’s own situation, including investments through an intermediary.

Pursuant to proposed regulations, the Treasury
Department has indicated its intent to eliminate the requirements under FATCA of withholding on gross proceeds from the sale, exchange,
maturity or other disposition of relevant financial instruments (including redemption of stock). The Treasury Department has indicated
that taxpayers may rely on these proposed regulations pending their finalization.

With respect to the preferred shares of
the Acquiring Fund to be issued in the Mergers, if any, the Acquiring Fund will receive opinions from special tax counsel that
the preferred shares will constitute equity of the Acquiring Fund, and the foregoing discussion and the tax opinion received by
the Funds regarding certain aspects of the Mergers, including that the Mergers will qualify as reorganizations within the meaning
of Section 368(a) of the Code, relies on the position that the preferred shares will constitute equity of the Acquiring Fund.
Accordingly, distributions with respect to the preferred shares (other than distributions in redemption of preferred shares subject
to Section 302(b) of the Code) will generally constitute dividends to the extent of the Acquiring Fund’s current or
accumulated earnings and profits, as calculated for federal income tax purposes and to the extent allocable to such distribution.
Because the treatment of