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Nuveen Municipal High Income Oppty Fund (N:NMZ)

Business Focus: Closed End Funds

Sector:  Financials Industry:  Closed End Funds
 
See Regulatory Filings on SEC
Company Contact
Address: 333 W Wacker Drive
CHICAGO IL 60606
Tel: N/A
Website: https://www.nuveen.com/cef/Product/Overview.aspx?FundCode=NMZ
IR: See website
Key People
David J. Lamb
Chief Administrative Officer
Jon Scott Meissner
Vice President, Assistant Secretary
Brett E. Black
Chief Compliance Officer, Vice President
E. Scott Wickerham
Vice President, Controller
Nathaniel T. Jones
Vice President, Treasurer
Mark L. Winget
Vice President, Company Secretary
Mark J. Czarniecki
Vice President, Assistant Secretary
Diana R. Gonzalez
Vice President, Assistant Secretary
John M. Mccann
Vice President, Assistant Secretary
Kevin J. Mccarthy
Vice President, Assistant Secretary
   
Business Overview
Nuveen Municipal High Income Opportunity Fund (the Fund) is a diversified closed-end management investment company. The Fund's primary investment objective is to provide high current income exempt from regular federal income tax. Its secondary investment objective is to seek attractive total return consistent with its primary objective. The Fund is focused on investing at least 80% of its assets in municipal securities and other related investments. The Fund may invest up to 75% of its managed assets in municipal securities rated, at the time of investment, Baa/BBB or lower by at least one nationally recognized statistical rating organization (NRSRO). It invests in various sectors, such as transportation, education and civic organizations, utilities, healthcare, housing/multifamily and other. Its portfolio is spread across areas, including Illinois, California, Florida, New York, Colorado, Wisconsin, Texas, Kentucky, and New Jersey. Its investment advisor is Nuveen Fund Advisors, LLC.
Financial Overview
For the fiscal year ended 31 October 2023, Nuveen Municipal High Income Oppty Fund revenues increased 2% to $101.8M. Net income totaled $7.3M vs. loss of $398.5M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net Income reflects Investments increase from $412M (expense) to $17.4M (income), Other decrease of 1% to $63K (expense).