NUVEEN MUNICIPAL HIGH INCOME OPPORTUNITY FUND (NMZ) Form 424B5 — Oct 23, 2026
Nuveen Municipal High Income Opportunity Fund (NYSE: NMZ) launched a transferable rights offering to raise up to ~$318.2 million by issuing up to 37,000,000 new common shares — roughly 17% more than the 217.5 million shares outstanding as of October 16, 2026. Shareholders of record on November 2, 2026 receive one Right per share, exercisable at six Rights per new share at an estimated subscription price of $8.60 — 95% of the recent five-day average market price and a discount to the $9.28 NAV. Fully participating shareholders face an estimated NAV dilution of only about 1.08%, and the rights themselves will trade on the NYSE under "NMZ RT" through December 1, 2026.
Key figures
- Gross Proceeds
- 318200000
- Offering Price
- 8.6
- Shares Offered
- 37000000
- Shares Outstanding
- 217525902
- Net Assets
- 2017986666
- Record Date
- 2026-11-02
- Nav Per Share
- 9.28
- Rights Ratio
- 1 new share per 6 Rights (1 for 6)
- Rights Ticker
- NMZ RT
- Expiration Date
- 2026-12-02
- Market Price Oct16
- 9.13
- Offering Expenses
- 371000
- Total Rights Issued
- 222000000
- Max Aggregate Shares
- 46250000
- Premium Discount To Nav
- -1.62%
- Nav Dilution If Fully Subscribed
- -1.08%
- Secondary Over Subscription Shares
- 9250000
AI analysis
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