Company: JPC
Filing Date: 2025-06-10
Form Type: N-14 8C/A
Source: 0001999371-25-007489
Chunk: 67

Company: Nuveen Preferred & Income Opportunities Fund
Filing Date: 2025-06-10
Form: N-14 8C/A
Chunk 67
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 the interests of the existing shareholders of its Fund would not be diluted as a result of the Merger. At a meeting held on March 19, 2025 (the “Board Meeting”), each Board approved the Merger and recommended that shareholders of its Fund, as applicable, approve the Merger.

At and prior to the Board Meeting, including at a previous meeting, Nuveen Fund Advisors made presentations and provided the Boards with information relating to the proposed Merger. Prior to approving the Merger, each Board reviewed the foregoing information with its independent legal counsel and with management, reviewed with independent legal counsel applicable law and its duties in considering such matters and met with independent legal counsel in private sessions without management present. Each Board considered that Nuveen Fund Advisors, each Fund’s investment adviser, had recommended the Merger proposal as part of an ongoing initiative to streamline Nuveen’s closed-end fund line-up and eliminate overlapping products. Based on the foregoing, the Boards considered the following factors (as applicable), among others, in approving the Merger and recommending that shareholders of the Funds (as applicable) approve the Merger:

| ● | the                                                                            
 compatibility of the Funds’ investment objectives, policies and related risks; |

| ● | the                                  
 consistency of portfolio management; |

| ● | the                                                                                         
 effect of the Merger on the fees and expense ratios of the Funds, including the anticipated 
 savings resulting from the Acquiring Fund’s lower management fee schedule, additional       
 breakpoints in the Acquiring Fund’s management fee schedule                                 
 and larger asset base of the combined fund;                                                 |

| ● | the                                                                            
 potential for improved secondary market trading with respect to common shares; |

| ● | investment   
 performance; |

| ● | the                                                       
 anticipated federal income tax-free nature of the Merger; |

| ● | the                           
 expected costs of the Merger; |

| ● | the                                                                                       
 terms of the Merger and whether the Merger would dilute the interests of the shareholders 
 of the applicable Funds;                                                                  |

| ● | the                                         
 effect of the Merger on shareholder rights; |

| ● | alternatives       
 to the Merger; and |

| ● | any                                                                                     
 potential benefits of the Merger to Nuveen Fund Advisors and its affiliates as a result 
 of the Merger.                                                                          |

Compatibility of Investment Objectives, Policies and Related Risks. Based on the information presented, the Boards considered that the Funds have similar investment objectives, policies and risks, but there are differences. Each Fund