NMZ: Playing The Muni Market The Right Way For Me

Nuveen Municipal High Income Opportunity Fund offers attractive tax-free income, especially for investors in higher tax brackets seeking current income. NMZ achieves higher yields by focusing on long-tenor, lower-rated, and unrated municipal bonds, where perceived risk exceeds actual default risk. The fund's 5.5%+ distribution rate (post-return of capital) is compelling, supported by leverage and selective credit risk-taking in the muni market.

Seeking Alpha • Oct 13, 2025

Nuveen Municipal Closed-End Funds Announce Proposed Mergers and Shareholder Meeting Update

CHICAGO--(BUSINESS WIRE)--The Boards of Trustees of Nuveen Missouri Quality Municipal Income Fund (NYSE: NOM), Nuveen New Jersey Quality Municipal Income Fund (NYSE: NXJ), Nuveen Pennsylvania Quality Municipal Income Fund (NYSE: NQP), and Nuveen Municipal High Income Opportunity Fund (NYSE: NMZ) have approved a proposal to merge the funds. The proposed mergers, if approved by shareholders, would combine NOM, NXJ, and NQP into NMZ. The mergers are intended to create a larger fund with increased.

Business Wire • Sep 19, 2025

NMZ: Still Waiting For A Better (Cheaper) Entry Point

NMZ offers high current income exempt from regular federal tax, making it attractive for income-focused investors in higher tax brackets. While I have recommended it in the past, I view its premium to NAV and use of ROC as negatives right now. The backdrop for munis as a whole is positive, but I will stay away from funds like NMZ that favor junk-rated credit in favor of higher quality.

Seeking Alpha • Jul 17, 2025

NMZ: Municipal Fund With Potential For Appreciation

NMZ offers a high 7.7% tax-exempt yield, but capital appreciation is limited and the price has declined in recent years due to rising rates. The fund's performance and distribution sustainability are highly sensitive to interest rates; future rate cuts could be a positive catalyst. NMZ uses significant leverage and invests primarily in investment-grade municipal bonds but has inconsistent earnings and payout coverage.

Seeking Alpha • Jun 26, 2025

NMZ: Still Not A Buy As We Move Deeper Into 2025

NMZ has seen some weakness since my last review and I'm not convinced that the fund is out of the woods just yet. The fund has shifted from a discount to NAV to a premium, and that makes me generally cautious as a rule. Credit spreads have narrowed across the muni sector, telling me that investors need to be selective when approaching this sector.

Seeking Alpha • Mar 30, 2025

NMZ: I Wouldn't Chase Returns Here (Rating Downgrade)

NMZ's primary goal is high current income exempt from federal tax, with a secondary goal of attractive total return. Despite NMZ's recent equity-like returns, I recommend a "hold" due to potential market breather and better future entry points. Given the fund's strong momentum and increased valuation, a more cautious approach is warranted heading into 2025.

Seeking Alpha • Nov 28, 2024

NMZ: Income Bump And Discount To NAV Continue To Support Share Price

I evaluate Nuveen Municipal High Income Opportunity Fund as an investment option in light of recent income boosts and declining inflation metrics. The fund still has a sharp discount to NAV, supporting a bullish view. Illinois bonds make up a good chunk of the overall portfolio. These issues are benefiting from an on-time budget, rising taxes, and an upgrade to "stable" from credit rating agencies for the state.

Seeking Alpha • Jul 21, 2024

Nuveen Closed-End Funds Declare Distributions

NEW YORK--(BUSINESS WIRE)--Several Nuveen closed-end funds have declared distributions. These funds represent investment strategies for investors seeking diversified sources of cash flow to prepare for and sustain their retirement income needs. For further information regarding fund distributions, including earnings, undistributed net investment income, and notices, please visit www.nuveen.com/cef. Additionally, several funds have announced distribution increases of up to 71%. The distribution.

Business Wire • Jun 3, 2024

NMZ: Still A Decent Muni Option For 2024

I am maintaining a "buy" rating for the Nuveen Municipal High Income Opportunity Fund for multiple reasons. The fund is benefiting from a decline in long-term muni issuance and from a Fed pause in rate hikes. NMZ holds many non-rated bonds, but I still feel this is a safer option than going into junk rated corporates.

Seeking Alpha • Feb 27, 2024

Nuveen High Yield Muni: Generational Opportunity In Muni CEFs

Municipal bond closed-end funds (CEFs) are recommended as a top trade idea for 2024, offering the potential for high total returns in a relatively safe asset class.

Seeking Alpha • Jan 26, 2024