Company: JPC
Filing Date: 2025-04-04
Form Type: N-CSRS
Source: 0001193125-25-073011
Chunk: 0

Company: Nuveen Preferred & Income Opportunities Fund
Filing Date: 2025-04-04
Form: N-CSRS
Chunk 0
---
UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

### FORMN-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

| Investment Company Act file number |     | 811-21293 |

Nuveen Preferred & Income Opportunities Fund

(Exact name of registrant as
specified in charter)

Nuveen Investments

333 West Wacker Drive

Chicago,
Illinois 60606

(Address of
principal executive offices) (Zip code)

Mark L. Winget

Vice President and Secretary

333
West Wacker Drive

Chicago, Illinois 60606

(Name and address of agent for
service)

| Registrant’s telephone number, including area code: |     | (800) 257-8787 |

| Item 1. | Reports to Stockholders. |

Closed-End

Funds

#### Closed-End

#### Funds
Nuveen

#### January

#### 31,

#### 2025

#### Semi-annual

#### Report
This

semi-annual

report

contains

the

Funds'

unaudited

### financial
statements.

Nuveen

Floating

Rate

Income

Fund

#### JFR
Nuveen

Credit

Strategies

Income

Fund

#### JQC
Nuveen

Preferred

&

Income

Opportunities

Fund

#### JPC
Nuveen

Preferred

Securities

&

Income

Opportunities

Fund

#### JPI
Nuveen

Variable

Rate

Preferred

&

Income

Fund

#### NPFD

#### 2

#### Table

#### of

#### Contents
Important

Notices

3

Common

Share

Information

5

About

the

Funds’

Benchmarks

7

Fund

Performance,

Leverage

and

Holdings

Summaries

8

Portfolios

of

Investments

19

Statement

of

Assets

and

Liabilities

63

Statement

of

### Operations
65

Statement

of

Changes

in

Net

Assets

66

Statement

of

Cash

Flows

69

### Financial
Highlights

72

Notes

to

### Financial
Statements

79

Additional

Fund

Information

98

Glossary

of

Terms

Used

in

this

Report

99

#### Important

#### Notices

#### 3