Nuveen Municipal High Income Opportunity Fund board approves 1-for-6 rights offering
NMZ•The fund’s board approved a transferable rights offering, giving shareholders of record November 2 one right per common share to buy one new share for every six rights. The offering expires December 2, with a subscription price set at 95% of the five-day average closing price, subject to a floor of 90% of closing net asset value.
1. Offering terms
The board authorized the transferable rights offering to raise assets for investment opportunities. Shareholders of record November 2, 2026, will receive one right per common share, with six rights exercisable for one new common share. The offering expires December 2 at 5 p.m. Eastern time.
2. Subscription price
The subscription price will be 95% of the average NYSE closing price over the five trading days through expiration, with a floor of 90% of the fund’s closing net asset value on the expiration date. Nuveen Fund Advisors will bear all offering expenses; no costs will be charged to the fund or its shareholders.
