Company: JPC
Filing Date: 2025-04-04
Form Type: N-CSRS
Source: 0001193125-25-073011
Chunk: 276

Company: Nuveen Preferred & Income Opportunities Fund
Filing Date: 2025-04-04
Form: N-CSRS
Chunk 276
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take

advantage

of

existing

investment

opportunities,

consistent

with

the

Fund’s

investment

objective

of

providing

shareholders

with

a

high

level

of

current

income

and

its

secondary

investment

objective

of

total

return.

Certain

key

terms

of

the

Offer

include:

Holders

of

Common

Shares

on

the

Record

Date

(“Record

Date

Shareholders”)

will

receive

one

Right

for

each

outstanding

Common

Share

owned

on

the

Record

Date.

The

Rights

entitle

the

holders

to

purchase

one

new

Common

Share

for

every

five

Rights

held

(1-for-5).

#### 97
The

subscription

price

per

Common

Share

(the

“Subscription

Price”)

will

be

determined

based

upon

a

formula

equal

to

95%

of

the

average

of

the

last

reported

sales

price

of

the

Common

Shares

on

the

NYSE

on

the

Expiration

Date

and

each

of

the

four

preceding

trading

days

(the

“Formula

Price”).

If,

however,

the

Formula

Price

is

less

than

90%

of

the

net

asset

value

per

Common

Share

at

the

close

of

trading

on

the

NYSE

on

the

Expiration

Date,

then

the

Subscription

Price

will

be

90%

of

the

Fund’s

net

asset

value

per

Common

Share

at

the

close

of

trading

on

the

NYSE

on

the

Expiration

Date.

The

Rights

offering

will

expire

at

5:00

p.m.,

Eastern

time,

on

April

29,

2025

(the

“Expiration

Date”).

Record

Date

Shareholders

who

fully

exercise

all

Rights

issued

to

them

can

subscribe,

subject

to

certain

limitations

and

allotment,

for

any

additional

Common

Shares

which

were

not

subscribed

for

by

other