Company: JPC
Filing Date: 2025-10-03
Form Type: N-CSR
Source: 0001193125-25-230231
Chunk: 59

Company: Nuveen Preferred & Income Opportunities Fund
Filing Date: 2025-10-03
Form: N-CSR
Chunk 59
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 commitment amount and the daily drawn amount For JPC and JPI funds, interest is charged on these Borrowings at OBFR (“Overnight Bank Funding Rate”) plus 0.85% per annum on the amounts borrowed. For NPFD, interest is charged on these Borrowings at OBFR plus 0.75% per annum on the amounts borrowed and 0.25% per annum on the undrawn balance if the undrawn portion of the Borrowings on a particular day is more than 25% of the maximum commitment amount. During the current fiscal period, the average daily balance outstanding and average annual interest rate on each Fund’s Borrowings were as follows:

| Fund |     |  Utilization 
 Period (Days 
 Outstanding) |     |   |       Average 
 Daily Balance 
   Outstanding |     | Average Annual 
  Interest Rate |
|:-----|:----|-------------:|:----|:--|--------------:|:----|---------------:|
| JFR  |     |          365 |     | $ |   483,336,986 |     |          5.76% |
| JQC  |     |          365 |     |   |   211,600,000 |     |           5.76 |
| JPC  |     |          365 |     |   |   662,246,575 |     |           5.76 |
| JPI  |     |          352 |     |   |   119,782,670 |     |           5.73 |
| NPFD |     |          365 |     |   |   170,034,548 |     |           5.76 |

99

Notes to Financial Statements (continued) Other Borrowings Information for the Funds: In order to maintain these Borrowings, the Funds must meet certain collateral, asset coverage and other requirements. The Funds’ borrowings outstanding are fully secured by eligible securities held in each Fund’s portfolio of investments. (“Pledged Collateral”) Borrowings outstanding are recognized as “Borrowings” on the Statement of Assets and Liabilities. Interest expense incurred on the borrowed amount and undrawn balance and amendment fees are recognized as a component of “Interest expense and amortization of offering costs” on the Statement of Operations. Rehypothecation: JPC and JPI have each entered into a Rehypothecation Side Letter (“Side Letter”) with its prime brokerage lender, allowing it to re‑