Nuveen NMZ revises plans for share issuance proceeds
Nuveen Municipal High Income Opportunity Fund (NMZ) revised its use-of-proceeds disclosure for net proceeds from Common Share issuances.
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Rhea-AI Filing Summary
Nuveen Municipal High Income Opportunity Fund (NMZ) revised its use-of-proceeds disclosure for net proceeds from Common Share issuances. The Fund currently anticipates it will be able to invest substantially all net proceeds in investments that meet its objectives and policies within approximately three months of receiving them. Pending investment, proceeds are anticipated to be invested in short- or long-term securities issued by the U.S. Government and its agencies or instrumentalities, or in high-quality, short-term money market instruments. The Fund may also use proceeds to pay distributions to shareholders.
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Key Terms
net proceeds financial
investment objectives and policies financial
money market instruments financial
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