Company: JPC
Filing Date: 2025-04-04
Form Type: N-CSRS
Source: 0001193125-25-073011
Chunk: 4

Company: Nuveen Preferred & Income Opportunities Fund
Filing Date: 2025-04-04
Form: N-CSRS
Chunk 4
---
was

completed

and

on

August

19,

2024,

the

following

changes

became

effective.

•

The

Fund’s

declaration

of

trust

was

amended

to

eliminate

the

term

of

the

Fund.

•

The

Fund’s

name

changed

to

Nuveen

Preferred

Securities

&

Income

Opportunities

Fund.

•

Nuveen

Fund

Advisors,

LLC,

the

investment

adviser

to

the

Fund,

will

waive

50%

of

the

Fund’s

net

### management
fees

beginning

August

19,

2024,

and

continuing

over

the

first

year

following

the

elimination

of

the

term.

More

details

about

the

Fund’s

restructuring

is

available

within

these

Notes

to

### Financial
Statements

and

on

www.nuveen.com/cref.

#### JPC,

#### JPI

#### and

#### NPFD
#### –

#### Recent

#### Market
Factors:

JPC,

JPI

and

NPFD

have

substantial

allocations

to

preferred

and

contingent

capital

securities

issued

by

U.S.

and

non-U.S.

banks

and

other

### financial
institutions.

Given

the

increases

in

prevailing

interest

rates

and

other

market

factors,

these

securities

continue

to

be

subject

to

heightened

volatility

and

may,

ultimately,

detract

from

Fund

performance.

#### Changes

#### in

#### Independent

#### Registered

#### Public

#### Accounting

#### Firm
**(a)**

#### Previous

#### independent

#### registered

#### public

#### accounting
firm:

On

October

24,

2024,

the

Board,

upon

recommendation

from

the

Audit

Committee,

dismissed

KPMG

LLP

(“KPMG”)

as

the

independent

registered

public

accounting

firm

for

the

Funds.

KPMG’s

audit

reports

on

the

Funds’

### financial
statements

as

of

and

for

the

fiscal

years

ended