Company: JPC
Filing Date: 2025-10-03
Form Type: N-CSR
Source: 0001193125-25-230231
Chunk: 55

Company: Nuveen Preferred & Income Opportunities Fund
Filing Date: 2025-10-03
Form: N-CSR
Chunk 55
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000 |     | $ | 140,000,000 |     | $ | 420,000,000 |     | $ | 85,000,000 |
| Average dividend rate                                    |     |   |       5.17% |     |   |       4.73% |     |   |       4.72% |     |   |      4.72% |

Preferred Share Transactions:Transactions in preferred shares during the Funds’ current and prior fiscal period, where applicable, are noted in the following tables. Transactions in TFP Shares for the Funds, where applicable, were as follows:

|                     |     | Year Ended July 31, 2024 |        |     |         |     |              |
|:--------------------|:----|:-------------------------|:-------|:----|--------:|:----|-------------:|
| JFR                 |     |                          | Series |     |  Shares |     |       Amount |
| TFP Shares Issued   |     |                          | A      |     |  70,000 |     |  $70,000,000 |
| TFP Shares Redeemed |     |                          | C      |     | -70,000 |     |  -70,000,000 |
|                     |     | Year Ended July 31, 2024 |        |     |         |     |              |
| JPC                 |     |                          | Series |     |  Shares |     |       Amount |
| TFP Shares Issued*  |     |                          | B      |     | 270,000 |     | $270,000,000 |

* Issued in the Merger

| 7. | Income Tax Information |

Each Fund is a separate taxpayer for federal income tax purposes. Each Fund intends to distribute substantially all of its net investment income and net capital gains to shareholders and otherwise comply with the requirements of Subchapter M of the Internal Revenue Code applicable to regulated investment companies. Therefore, no federal income tax provision is required. Each Fund files income tax returns in U.S. federal and applicable state and local jurisdictions. A Fund’s federal income tax returns are generally subject to examination for a period of three fiscal years after being filed. State and local tax returns may be subject to examination for an additional period of time depending on the jurisdiction. Management has analyzed each Fund’s tax positions taken for all open tax years and has concluded that no provision for income tax is required in the Fund’s