Company: JPC
Filing Date: 2025-06-10
Form Type: N-14 8C/A
Source: 0001999371-25-007489
Chunk: 133

Company: Nuveen Preferred & Income Opportunities Fund
Filing Date: 2025-06-10
Form: N-14 8C/A
Chunk 133
---
 and to respond to shareholders’ questions. PwC has informed each Fund that it has no direct or indirect material financial interest in the Funds, Nuveen, the Adviser or any other investment company sponsored by Nuveen.

<div align='center'>ADDITIONAL INFORMATION ABOUT THE ACQUIRING FUND</div>

Annual Expenses Excluding the Costs of Leverage

Based on information provided by the Adviser, the Boards considered that it was expected that the annual operating expense ratio of the combined fund following the Merger, excluding leverage, would be lower than the operating expense ratios of the Target Fund (giving effect to the expiration of the Target Fund's current management fee waiver) and the Acquiring Fund. The operating expense ratios presented below reflect each Fund’s semi-annual period ended January 31, 2025 (annualized) and the pro forma fees and expenses of the combined fund following the Merger for the six months ended January 31, 2025 (annualized), based on the assumptions set forth in the “Comparative Fee Table” at page 10. The information in the table does not reflect the investment adviser's waiver of 50% of its management fee, which will expire on August 18, 2025.

|                                                               |     | Target 
 Fund   |      |   |     | Acquiring 
 Fund      |      |   |     | Combined       
 Fund Pro Forma |      |      |
| Operating                                                     
 Expenses                                                      
 (as a percentage of net assets attributable to common shares) |     |        |      |   |     |           |      |   |     |                |      |      |
| Management                                                    
 Fees                                                          |     |        | 1.27 | % |     |           | 1.21 | % |     |                | 1.20 | %(1) |
| Other Expenses                                                |     |        | 0.14 | % |     |           | 0.06 | % |     |                | 0.06 | %    |
| Total Operating                                               
 Expenses                                                      |     |        | 1.41 | % |     |           | 1.27 | % |     |                | 1.26 | %    |

(1) Assumes the application of the combined fund pro forma’s fund level management fee schedule.

<div align='center'>75</div>

Certain Provisions in the Acquiring Fund’s Declaration of Trust and By-Laws

General

The by-laws