Company: JPC
Filing Date: 2025-10-03
Form Type: N-CSR
Source: 0001193125-25-230231
Chunk: 1

Company: Nuveen Preferred & Income Opportunities Fund
Filing Date: 2025-10-03
Form: N-CSR
Chunk 1
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holders”) received one Right for each outstanding Common Share owned on the Record Date. The Rights entitled the holders to purchase one new Common Share for every 5 Rights held (1‑for‑5), for an aggregate of up to an additional 12.2 million Common Shares. Holders of Rights were entitled to subscribe for additional Common Shares (the “Offer”) at a discount to the market price of the Common Shares, prior to 5:00 p.m., Eastern time, on April 29, 2025 (the “Expiration Date”). The subscription price per Common Share (the “Subscription Price”) was $5.09 per Common Share, which was equal to 90% of the Fund’s net asset value per Common Share at the close of trading on the NYSE on the Expiration Date. The gross proceeds of the Offer were approximately $62.1 million. The Common Shares subscribed for were issued on May 5, 2025, after completion and receipt of all shareholder payments. The final Subscription Price was lower than the original estimated Subscription Price. More details about the Fund’s rights offering are available on www.nuveen.com/cef. JFR and JQC - Portfolio manager updates:Effective December 30, 2024, Coale Mechlin was added as a portfolio manager of the Funds. Additionally, effective February 11, 2025, James Kim was added as a portfolio manager of JQC. Effective July 1, 2025, Kevin Lorenz retired from Nuveen and is no longer a portfolio manager of the Funds. JPI – Fund restructuring and tender offer:On July 17, 2024, shareholders of the Fund approved a proposal to amend the Fund’s declaration of trust to eliminate the Fund’s term structure, subject to the completion of a tender offer. The amendment allows shareholders the opportunity to maintain their investment in the Fund and its leveraged exposure to preferred and other income producing securities in lieu of the Fund’s scheduled termination. Additionally, on July 17, 2024, the Fund conducted a tender offer, which allowed shareholders to offer up to 100% of their common shares for repurchase for cash at a per share equal to 100% of the net asset value (NAV) per share determined on the date the tender offer expired. The tender offer expired on August 14, 2024. In the tender offer 8,672,542 shares were tendered, representing approximately 38% of the Fund’s common shares outstanding. Properly tender