Company: JPC
Filing Date: 2025-04-24
Form Type: N-14 8C
Source: 0001999371-25-004713
Chunk: 29

Company: Nuveen Preferred & Income Opportunities Fund
Filing Date: 2025-04-24
Form: N-14 8C
Chunk 29
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3.53 | % |
| Other Expenses                                                                |     |             | 0.14 | %(4) |     |           | 0.06 | %(4) |     |          | 0.06 | % |
| Total Annual Expenses                                                         |     |             | 4.28 | %    |     |           | 4.88 | %    |     |          | 4.79 | % |

| (1) | The                                                                                       
 table presented above estimates what the annual expenses of the combined fund following   
 the Merger would be stated as a percentage of the combined fund’s net assets attributable 
 to common shares including the costs of leverage for the six month semi-annual period     
 ended January 31, 2025 (annualized). Please see “Additional Information About the         
 Acquiring Fund—Annual Expenses Excluding the Costs of Leverage” at page 75                
 for additional information.                                                               |

| (2) | Assumes                                                                             
 the application of the combined fund’s fund level management fee schedule following 
 the Merger.                                                                         |

| (3) | Fees                                                                                    
 on preferred shares assume annual dividends paid and amortization of offering costs for 
 TFP Shares, where applicable, and annual liquidity and remarketing fees. The Funds’     
 use of leverage will increase the amount of management fees paid to the Adviser and the 
 Sub-Adviser. Assumes the borrowings of the combined fund remain at the percentage level 
 in place for the Acquiring Fund during the six month semi-annual period ended January   
 31, 2025. Such amounts may change prior to the closing date. Please see “Proposal       
 No. 1—C. Information About the Merger—Capitalization” at page 25.                       |

| (4) | Other                                                                                 
 Expenses are estimated for the current period based on actual expenses from the prior 
 fiscal reporting period.                                                              |

<div align='center'>10</div>

Example: The following examples illustrate the expenses that a common shareholder would pay on a $1,000 investment that is held for the time periods provided in the table. The examples assume that all dividends and other distributions are reinvested and that Total Annual Expenses remain the same. The examples also assume a 5% annual return. The examples for the Target Fund do not reflect the 50% management fee waiver that will expire on August 18, 2025. The examples should not be considered a representation of future expenses. Actual expenses may be greater or