Company: JPC
Filing Date: 2025-06-12
Form Type: 424B3
Source: 0001999371-25-007638
Chunk: 99

Company: Nuveen Preferred & Income Opportunities Fund
Filing Date: 2025-06-12
Form: 424B3
Chunk 99
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 a repurchase agreement, it simultaneously agrees to resell and           
 redeliver such securities to the seller, who also simultaneously agrees to buy back the         
 securities at a fixed price and time. This assures a predetermined yield for the Fund           
 during its holding period, since the resale price is always greater than the purchase           
 price and reflects an agreed- upon market rate. Such actions afford an opportunity for          
 the Fund to invest temporarily available cash. The Fund may enter into repurchase agreements    
 only with respect to obligations of the U.S. Government, its agencies or instrumentalities;     
 certificates of deposit; or bankers’ acceptances in which the Fund may invest.                  
 Repurchase agreements may be considered loans to the seller, collateralized by the underlying   
 securities. The risk to the Fund is limited to the ability of the seller to pay the agreed-upon 
 sum on the repurchase date; in the event of default, the repurchase agreement provides          
 that the Fund is entitled to sell the underlying collateral. If the value of the collateral     
 declines after the agreement is entered into, and if the seller defaults under a repurchase     
 agreement when the value of the underlying collateral is less than the repurchase price,        
 the Fund could incur a loss of both principal and interest. The Adviser monitors the            
 value of the collateral at the time the action is entered into and at all times during          
 the term of the repurchase agreement. The Adviser does so in an effort to determine that        
 the value of the collateral always equals or exceeds the agreed-upon repurchase price           
 to be paid to the Fund. If the seller were to be subject to a federal bankruptcy proceeding,    
 the ability of the Fund to liquidate the collateral could be delayed or impaired because        
 of certain provisions of the bankruptcy laws.                                                   |

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| (4) | Commercial                                                                                   
 paper, which consists of short-term unsecured promissory notes, including variable rate      
 master demand notes issued by corporations to finance their current operations. Master       
 demand notes are direct lending arrangements between the Fund and a corporation. There       
 is no secondary market for such notes, however, they are redeemable by the Fund at any       
 time. The Adviser will consider the financial condition of the corporation (e.g., earning    
 power, cash flow and other liquidity ratios) and will continuously monitor the corporation’s 
 ability to meet all of its financial obligations, because the Fund’s liquidity               
 might be impaired if the corporation were unable to pay principal