Nuveen Municipal High Income Opportunity Fund Announces Terms of Rights Offering
Business Wire•22/10/2026•16:05 ET
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Key Highlights
- ➤NMZ rights offering gives one new share per six Rights held
- ➤Subscription price set at 95% of five-day average market price
- ➤Subscription price floor is 90% of NAV if formula price falls below
- ➤Rights expire December 2, 2026, with trading ending December 1
- ➤Advisor bears all offering expenses, not the Fund or shareholders
Nuveen Municipal High Income Opportunity Fund Announces Terms of Rights Offering
Nuveen Municipal High Income Opportunity Fund (NYSE: NMZ) today announced that its Board of Trustees (the “Board”) has approved the terms of the issuance of transferable rights (“Rights”) to the holders of the Fund’s common shares (par value $.01 per share) (“Common Shares”) as of November 2, 2026 (the “Record Date”). Holders of Rights will be entitled to subscribe for additional Common Shares (the “Offer”) at a subscription price that is expected to represent a discount to the market price of the Common Shares.
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