NMZ Research | Milton Maxwell

NMZ

Nuveen Municipal High Income Opportunity Fund

10.40

-0.05-0.48%

Dec 16, 4:00:02 PM EST

Upcoming Earnings

Report date

≈ -/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

No earnings call transcript available

Key Stats

Market Cap

1.20B

P/E (TTM)

45.22

Basic EPS (TTM)

0.23

Dividend Yield

0.06%

Recent Filings

8-K

By-Laws drop control share

3/6/24Mar 6, 2024

Nuveen Municipal High Income Opportunity Fund eliminated its suspended 'control share' provisions from the By-Laws on February 28, 2024. The Board adopted identical Amended and Restated By-Laws otherwise. This removes outdated shareholder voting restrictions. No other changes disclosed.

8-K

Board consolidation approved

10/13/23Oct 13, 2023

Nuveen Municipal High Income Opportunity Fund announced board consolidation across its fund complex on October 13, 2023, appointing four independent trustees—Joseph A. Boateng, Michael A. Forrester, Thomas J. Kenny, and Loren M. Starr—effective January 1, 2024, while Jack B. Evans and William C. Hunter retire December 31. Board size shrinks to 12. Consolidation targets cost savings, vendor leverage, and unified marketing.

8-K

Suspends control share by-law

2/25/22Feb 25, 2022

Nuveen Municipal High Income Opportunity Fund suspended its control share by-law on February 24, 2022, complying with a U.S. District Court ruling that struck it down as violating the 1940 Act. The board plans to appeal, reinstating the provision if successful to shield against activist hedge funds like Saba. Suspension holds while judgment stands. Boards protect long-term income strategies.

8-K

By-laws tighten shareholder notices

10/6/20Oct 6, 2020

Nuveen Municipal High Income Opportunity Fund (NMZ) amended its by-laws on October 5, 2020, tightening advance notice deadlines for 2021 shareholder proposals—March 2 for Rule 14a-8, April 1 earliest to April 16 latest for others. New control share provisions curb voting rights from acquisitions hitting 10%+ thresholds unless approved by non-interested shareholders. Boards shield long-term holders from short-term activists.

8-K

Nuveen funds cap AMT exposure

8/5/16Aug 5, 2016

Nuveen Municipal High Income Opportunity Fund (NMZ) and numerous sibling funds tightened AMT exposure limits effective August 5, 2016. AMT-Free funds NRK and NKX now mandate 100% in non-AMT municipals, up from 80%. Others cap at 20%, down from 30% or no limit. Uniformity sharpens tax clarity for investors.

About

Nuveen Municipal High Income Opportunity Fund is a closed-end fixed income mutual fund launched by Nuveen Investments Inc. The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade tax-exempt municipal securities. The fund was formerly known as Nuveen Municipal High Yield Opportunity Fund. Nuveen Municipal High Income Opportunity Fund was founded in November 19, 2003 and is based in the United States.

CEO

Mr. Nathaniel T. Jones

IPO

11/20/2003

Website

https://www.nuveen.com/CEF/Product/Overview.aspx?FundCode=NMZ&refsrc=vu_nuveen.com/nmz

Sector

Financial Services

Industry

Asset Management