BANK OF AMERICA CORP BUYS, SELL 75 SHARES OF NUVEEN MUNICIPAL HIGH INCOME OPPORTUNITY FUND.

Nuveen Municipal High Income Opportunity Fund [NMZ] recently disclosed that a 10% shareholder, Bank of America Corp /DE/, acquired 75 shares at $11.55 per share on December 3, 2024. Additionally, the same shareholder sold 75 shares at $11.54 per share on the same date.

The Nuveen Municipal High Income Opportunity Fund (NMZ) recently experienced a notable transaction involving a significant shareholder. Bank of America Corp, one of the world's leading financial institutions, acquired and sold 75 shares of the fund on December 3, 2024 [1]. This strategic move by Bank of America sheds light on the potential opportunities and advantages that NMZ offers to institutional investors.

NMZ, a closed-end fund, is designed to provide high current income exempt from federal income taxes [1]. The fund achieves this objective by investing primarily in municipal securities that are exempt from federal income taxes [1]. With a secondary investment objective of seeking attractive total return, NMZ employs a team of experienced credit researchers to uncover opportunities that may be overlooked by others [1].

The recent transaction by Bank of America, which occurred at an average share price of $11.54, highlights the potential value that NMZ offers to institutional investors [1]. This transaction may suggest that Bank of America views the fund as an attractive investment opportunity, given its high tax-exempt income and enhanced yield potential [1].

Furthermore, the use of leverage by NMZ allows the fund to potentially tap into a broader range of investment opportunities, enhancing its total return potential [1]. This feature may be particularly appealing to institutional investors seeking to maximize their returns while managing their tax liabilities.

In conclusion, Bank of America's strategic move to acquire and sell shares in Nuveen Municipal High Income Opportunity Fund underscores the potential value and advantages that the fund offers to institutional investors. With its high tax-exempt income, enhanced yield potential, and experienced credit research team, NMZ may serve as an attractive option for investors seeking to optimize their investment portfolios while managing their tax liabilities.

References:
[1] Nuveen. (2022). Nuveen Municipal High Income Opportunity Fund. Retrieved December 13, 2022, from https://www.nuveen.com/en-us/closed-end-funds/nmz-nuveen-municipal-high-income-opportunity-fund