Company: JPC
Filing Date: 2025-06-10
Form Type: N-14 8C/A
Source: 0001999371-25-007489
Chunk: 139

Company: Nuveen Preferred & Income Opportunities Fund
Filing Date: 2025-06-10
Form: N-14 8C/A
Chunk 139
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 asset coverage requirements, and no event of default exists or would occur, under the Credit Facilities.

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If the Acquiring Fund converted to an open-end investment company, it would be required to redeem all its preferred shares then outstanding (requiring in turn that it liquidate a portion of its investment portfolio), and the common shares would no longer be listed on an exchange. In contrast to a closed-end management investment company, shareholders of an open-end management investment company may require the company to redeem their shares at any time (except in certain circumstances as authorized by or under the 1940 Act) at their net asset value, less any redemption charge that is in effect at the time of redemption. See “—Certain Provisions in the Acquiring Fund’s Declaration of Trust and By-Laws” above for a discussion of the voting requirements applicable to the conversion of the Acquiring Fund to an open-end management investment company.

Before deciding whether to take any action if the common shares trade below net asset value, the Board would consider all relevant factors, including the extent and duration of the discount, the liquidity of the Acquiring Fund’s portfolio, the impact of any action that might be taken on the Acquiring Fund or its shareholders and market considerations. Based on these considerations, even if the Acquiring Fund’s common shares should trade at a discount, the Board may determine that, in the interest of the Acquiring Fund, no action should be taken. See the Merger SAI under “Repurchase of Common Shares; Conversion to Open-End Fund” for a further discussion of possible action to reduce or eliminate such discount to net asset value.

Description of Outstanding Acquiring Fund TFP Shares

The Acquiring Fund’s outstanding Series A TFP Shares and Series B TFP Shares (together, the “Acquiring Fund TFP Shares”), which are expected to remain outstanding following the completion of the Merger, are as follows:

| Series              |     | Shares      
 Outstanding |         |     | Par Value 
 Per Share |      |     | Liquidation Preference Per Share |       |     | Issue Date    |     | Term            
 Redemption Date |
|:--------------------|:----|:------------|--------:|:----|:----------|-----:|:----|:---------------------------------|------:|:----|:--------------|:----|:----------------|
| Series A TFP Shares |     |             | 150,000 |     | $         | 0.01 |     |