Company: JPC
Filing Date: 2025-04-24
Form Type: N-14 8C
Source: 0001999371-25-004713
Chunk: 70

Company: Nuveen Preferred & Income Opportunities Fund
Filing Date: 2025-04-24
Form: N-14 8C
Chunk 70
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 combined equity capitalization of the Acquiring Fund as if the Merger had occurred on that date assuming the completion of the Merger.

Capitalization Table

The table reflects the pro forma exchange ratio of approximately 2.48857446 common shares of the Acquiring Fund issued for each common share of the Target Fund. If the Merger is consummated, the actual exchange ratio may vary.

| Series A Taxable Fund Preferred (TFP)                                                                                                                                                                                  |     | Target Fund |             |   |     | Acquiring 
 Fund      |               |   |     | Pro Forma Adjustments |            |      |     | Acquiring Fund Pro Forma(1) |               |   |
|:-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:----|:------------|------------:|:--|:----|:----------|--------------:|:--|:----|:----------------------|-----------:|-----:|:----|:----------------------------|--------------:|:--|
| Shares, $1,000 stated value per share, at liquidation value                                                                                                                                                            |     |             |           — |   |     | $         |   150,000,000 |   |     |                       |          — |      |     | $                           |   150,000,000 |   |
| Series B Taxable Fund Preferred (TFP)                                                                                                                                                                                  |     |             |             |   |     |           |               |   |     |                       |            |      |     |                             |               |   |
| Shares, $1,000 stated value per share, at liquidation value                                                                                                                                                            |     |             |           — |   |     | $         |   270,000,000 |   |     |                       |          — |      |     | $                           |   270,000,000 |   |
| Common Shareholders’ Equity                                                                                                                                                                                            |     |             |             |   |     |           |               |   |     |                       |            |      |     |                             |               |   |
| Common Shares, $0.01 par value per share; 14,112,088 shares outstanding for the Target Fund, 322,260,241 shares outstanding for the Acquiring Fund and 357,379,227  shares outstanding for the Combined Fund Pro Forma |     | $           |     141,121 |   |     | $         |     3,222,602 |   |     | $                     |