Company: JPC
Filing Date: 2025-04-24
Form Type: N-14 8C
Source: 0001999371-25-004713
Chunk: 24

Company: Nuveen Preferred & Income Opportunities Fund
Filing Date: 2025-04-24
Form: N-14 8C
Chunk 24
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 such approval. Each Investment Management Agreement may be terminated at any time, without penalty, by either the Fund or Nuveen Fund Advisors upon 60 days’ written notice and is automatically terminated in the event of its assignment, as defined in the 1940 Act.

Pursuant to each Investment Management Agreement, each Fund has agreed to pay an annual management fee for the overall advisory and administrative services and general office facilities provided by Nuveen Fund Advisors. Each Fund’s management fee consists of two components—a complex-level fee, based on the aggregate amount of all eligible fund assets of Nuveen-branded closed- and open-end registered investment companies organized in the United States, and a specific fund-level fee, based only on the amount of assets of such Fund. This pricing structure enables the Funds’ shareholders to benefit from growth in assets within each individual Fund as well as from growth of complex-wide assets managed by Nuveen Fund Advisors.

The Target Fund was launched in 2012 as a term fund scheduled to terminate on or before August 31, 2024, subject to the ability of the Board to extend the term for up to twelve months in accordance with the charter documents of the Fund. In 2024, shareholders of the Target Fund voted to eliminate the term structure of the Fund, so that the Fund may continue as a perpetual fund with no scheduled termination date, The amendment to the Target Fund’s Declaration of Trust that eliminated the Fund’s term structure became effective on August 19, 2024. In connection with the elimination of the Target Fund’s term structure, the Adviser agreed to waive 50% of the Target Fund’s management fee for the first year following the effectiveness of the elimination of the term structure. Accordingly, the Target Fund’s management fee waiver will expire on August 18, 2025. The Merger will not close before the expiration of this waiver.

For the Target Fund’s and the Acquiring Fund’s semi-annual period ended January 31, 2025 (annualized), the effective management fee rates, expressed as a percentage of average net assets attributable to common shares (including assets attributable to leverage), were 0.86% and 0.75%, respectively.

The annual fund-level fee rate for each Fund, payable monthly, is calculated according to the following schedules:

<div align='center'>Current Fund-Level Fee Schedules for the Funds</div>

| Target Fund                        |     |                 |   |
| Average Total Daily Net Assets*    |     | Annual Fee Rate