Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced that the Nuveen Municipal High Income Opportunity Fund (NYSE: NMZ) has declared an additional, post-merger distribution. This distribution follows the recently announced merger, which was successfully completed before the market open on July 15, 2013. The following dates apply to NMZ’s common share distribution:
|Reinvest Date||9/3/2013||Distribution Per Share|
|NMZ||Nuveen Municipal High Income Opportunity Fund||0.0551|
The purpose of this additional distribution is to ensure that shareholders will not experience a reduced monthly tax-exempt distribution amount. When combined with the pre-merger distribution, declared July 1, 2013 payable September 3, 2013, all shareholders from funds participating in the merger will receive a total dollar amount payable September 3, 2013 equal to or greater than the tax-exempt income declared by their original fund in the month prior to the merger. To view the pre-merger dividend declaration, please click here.
Monthly distributions from Nuveen's municipal closed-end funds and portfolios are generally exempt from regular Federal income taxes, and monthly distributions of single-state municipal funds and portfolios are also exempt from state and, in some cases, local income taxes for in-state residents. Unless otherwise stated in the funds' objectives, monthly distributions of the municipal funds and portfolios may be subject to the Federal Alternative Minimum Tax for some shareholders.*