Company: JPC
Filing Date: 2025-06-12
Form Type: 424B3
Source: 0001999371-25-007638
Chunk: 105

Company: Nuveen Preferred & Income Opportunities Fund
Filing Date: 2025-06-12
Form: 424B3
Chunk 105
---
 As a result, Nuveen Fund Advisors receives non-refundable cash payments based on such non-cash accruals while investors incur the risk that such non-cash accruals ultimately may not be realized.

Each Board recommends that shareholders vote FOR the approval of the Agreement and Plan of Merger.

<div align='center'>52

PROPOSAL No. 2 The ELECTION OF BOARD MEMBERS

(COMMON SHAREHOLDERS OF TARGET FUND ONLY)</div>

Pursuant to the governing documents of the Target Fund, the Fund’s Board is divided into three classes (Class I, Class II and Class III), to be elected by the holders of the outstanding shares to serve until the third succeeding annual meeting of shares subsequent to their election or thereafter, in each case until their successors have been duly elected and qualified. The common shareholders of the Target Fund are being solicited to vote on this Proposal No. 2.

Four (4) Board Members are to be elected by holders of common shares of the Target Fund. Current Board Members Michael A. Forrester, Thomas J. Kenny, Margaret L. Wolff, and Robert L. Young, have been designated as Class I Board Members and are nominees for election at the Annual Meeting to serve for a term expiring at the 2028 annual meeting of shareholders or until their successors have been duly elected and qualified.

It is the intention of the persons named in the enclosed proxy to vote the shares represented thereby for the election of the nominees listed in the table below unless the proxy is marked otherwise. Each of the nominees has agreed to serve as a Board Member of the Target Fund if elected. However, should any nominee become unable to serve or for good cause will not serve, the proxies will be voted for substitute nominees, if any, designated by the Target Fund’s present Board.

Class I Board Members: For the Target Fund, Board Member Young was last elected to the Fund’s Board as a Class I Board Member at the annual meeting of shareholders held on May 8, 2023. In addition, for the Target Fund, which does not have preferred shares outstanding, Board Member Wolff was last elected to the Fund’s Board as a Class I Board Member at the annual meeting of shareholders held on April 8, 2022. For the Acquiring Fund, Board Members Forrester, Kenny and Young were last elected as Class I Board Members at the annual meeting of shareholders held on April 17, 2025.

Class II Board Members: For each Fund