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NUVEEN MUNICIPAL HIGH INCOME OPPORTUNITY FUND (NMZ)

NMZ 8-K filings in 2022

Every material Form 8-K NUVEEN MUNICIPAL HIGH INCOME OPPORTUNITY FUND filed with the SEC in 2022, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.

Briefs in 202213 on record in all
Latest filing in 2022Feb 25, 2022legal/regulatory
High impact (4-5)1of 1 brief
ToneNeutral1
Feb 25, 7:13 AM ET

Nuveen Municipal High Income Opportunity Fund suspends control share by-law after court ruling

Neutral legal/regulatory Written later 7.01

The fund's board amended its by-laws on February 24, 2022, so the control share provision is of no force and effect while a U.S. District Court judgment in favor of Saba Capital is in effect. If that judgment is reversed or nullified, the provision would be automatically reinstated, and the board said it intends to appeal. The change affects how shareholders who acquire large stakes in the fund could be allowed to vote.

  • Board adopted Amendment No. 1 to the by-laws on February 24, 2022.
  • District Court granted summary judgment in favor of Saba on February 18, 2022, on claims for rescission and declaratory judgment.
  • The Board and the Funds intend to appeal the District Court's decision.
  • The amendment applies to multiple Nuveen closed-end funds, including Nuveen Municipal High Income Opportunity Fund (NYSE: NMZ).
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