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[SCHEDULE 13D/A] NUVEEN MUNICIPAL HIGH INCOME OPPORTUNITY FUND Amended Major Shareholder Report

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Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Wells Fargo & Company and its affiliate Wells Fargo Municipal Capital Strategies, LLC amended their Schedule 13D for Nuveen Municipal High Income Opportunity Fund preferred shares. They report beneficial ownership of 6,204 preferred shares, representing 76.84% of the class, with shared voting and dispositive power.

The amendment reflects an April 27, 2026 reorganization in which Capital Strategies exchanged VRDP shares of two Nuveen funds (NXJ and NQP) for 4,504 Series 1 VRDP Shares of the issuer and also holds 1,700 Series 2031 AMTP Shares. The filing describes voting trust arrangements that govern certain voting and consent rights on these preferred shares.

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Preferred shares owned 6,204 shares Beneficially owned preferred shares of NMZ
Ownership percentage 76.84% Percent of NMZ preferred share class
Series 1 VRDP Shares 4,504 shares Series 1 VRDP Shares of NMZ (CUSIP 670682855)
Series 2031 AMTP Shares 1,700 shares Series 2031 AMTP Shares of NMZ (CUSIP 670682871)
Event date April 27, 2026 Date of reorganization triggering the amendment
Original NXJ VRDP Series 2 1,443 shares Series 2 NXJ VRDP Shares exchanged
Original NXJ VRDP Series 3 886 shares Series 3 NXJ VRDP Shares exchanged
Original NQP VRDP Series 2 and 3 1,125 and 1,050 shares NQP Series 2 and 3 VRDP Shares exchanged
Variable Rate Demand Preferred Shares (VRDP) financial
"Initial Series 1 Variable Rate Demand Preferred Shares (VRDP) Adjustable Rate Special Rate Period Purchase Agreement"
AMTP Shares financial
"Series 2031 AMTP Shares of the Issuer (CUSIP: 670682871) which were reported on the Original"
Schedule 13D regulatory
"voting and consent rights on the Reporting Persons' Series 2031 AMTP Shares of the Issuer ... as reported on the Original 13D"
A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.
Voting Trust financial
"Voting and consent rights on the VRDP Shares not assigned to the Series 1 Voting Trust have been retained"
A voting trust is an arrangement where shareholders temporarily transfer their voting rights to one or more trusted individuals (trustees) who vote on company matters on their behalf. It matters to investors because it consolidates decision-making power—like handing the car keys to a single driver for a journey—which can stabilize leadership or push through strategic plans but also reduces individual shareholders’ direct influence and can affect the company’s direction and stock value.
Limited Power of Attorney regulatory
"Exhibit Description of Exhibit 99.2 Limited Power of Attorney"
Joint Filing Agreement regulatory
"Exhibit Description of Exhibit 99.1 Joint Filing Agreement"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What does Wells Fargo disclose in this NMZ Schedule 13D/A amendment?

The amendment discloses that Wells Fargo & Company and its affiliate beneficially own 6,204 preferred shares of Nuveen Municipal High Income Opportunity Fund, representing 76.84% of that preferred class, with shared voting and dispositive power and updated details on related voting trust arrangements.

How many NMZ preferred shares does Wells Fargo beneficially own?

Wells Fargo & Company and Wells Fargo Municipal Capital Strategies, LLC report beneficial ownership of 6,204 preferred shares of Nuveen Municipal High Income Opportunity Fund, equal to 76.84% of the preferred share class, with all voting and dispositive power reported as shared between the two reporting persons.

What reorganization triggered the updated NMZ Schedule 13D/A filing?

The amendment follows the reorganization of Nuveen Pennsylvania Quality Municipal Income Fund (NQP) and Nuveen New Jersey Quality Municipal Income Fund (NXJ) into Nuveen Municipal High Income Opportunity Fund on April 27, 2026, which changed Capital Strategies’ preferred holdings into new VRDP shares of the issuer.

What preferred share series of NMZ does Wells Fargo’s affiliate hold?

Wells Fargo Municipal Capital Strategies, LLC holds 4,504 Series 1 Variable Rate Demand Preferred (VRDP) Shares with CUSIP 670682855 and 1,700 Series 2031 AMTP Shares with CUSIP 670682871, which together total the 6,204 preferred shares reported as beneficially owned in the amendment.

How were NXJ and NQP VRDP shares exchanged in the NMZ reorganization?

Capital Strategies exchanged 1,443 Series 2 and 886 Series 3 VRDP shares of NXJ and 1,125 Series 2 and 1,050 Series 3 VRDP shares of NQP for 4,504 Series 1 VRDP Shares of Nuveen Municipal High Income Opportunity Fund in the April 27, 2026 reorganization transaction.

What voting trust arrangements affect NMZ preferred shares held by Wells Fargo?

Voting and consent rights on the Series 2031 AMTP Shares remain subject to a voting trust reported in the original Schedule 13D. For the newly acquired Series 1 VRDP Shares, certain preferred class voting rights were assigned to a separate Series 1 Voting Trust with Glass Lewis & Co., LLC as trustee and consultant.

What agreements are referenced in the updated NMZ Schedule 13D/A exhibits?

The amendment replaces earlier exhibits with a Joint Filing Agreement and Limited Power of Attorney, and adds exhibits including amended and restated schedules, an Initial Series 1 VRDP Adjustable Rate Special Rate Period Purchase Agreement dated April 27, 2026, and a Voting Trust Agreement and its April 24, 2026 amendment.





670682871

(CUSIP Number)
670682855

(CUSIP Number)
Vera Gurova, Senior Counsel
Wells Fargo& Company, 401 S. Tryon Street, 26th Floor
Charlotte, NC, 28202
(704) 339-2335

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
04/27/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




schemaVersion:


SCHEDULE 13D




Comment for Type of Reporting Person:
Shares reported include both shares of the CUSIP 670682871listed on the cover page, and of CUSIP 670682855.


SCHEDULE 13D




Comment for Type of Reporting Person:
Shares reported include both shares of the CUSIP 670682871 listed on the cover page, and of CUSIP 670682855.


SCHEDULE 13D


Wells Fargo & Company
Signature:/s/ Patricia Arce
Name/Title:Patricia Arce, Designated Signer
Date:04/29/2026
Wells Fargo Municipal Capital Strategies, LLC
Signature:/s/ Daniel Frizsell
Name/Title:Daniel Frizsell, Vice President
Date:04/29/2026
Comments accompanying signature:
Please note that Item 2 of the Original Schedule 13D is hereby amended by deleting Schedule I and Schedule II referenced therein and replacing them with the amended and restated Schedule I and Schedule II attached to this Amendment.