Company: JPC
Filing Date: 2025-04-04
Form Type: N-CSRS
Source: 0001193125-25-073011
Chunk: 3

Company: Nuveen Preferred & Income Opportunities Fund
Filing Date: 2025-04-04
Form: N-CSRS
Chunk 3
---

Statements

and

on

www.nuveen.com/cref.

#### JFR

#### and

#### JQC
#### -

#### Portfolio

#### manager
updates:

Effective

December

30,

2024,

Coale

Mechlin

was

added

as

a

portfolio

manager

of

the

Funds.

#### JPI
#### –

#### Fund
Restructuring:

On

July

17,

2024,

shareholders

of

the

Fund

approved

a

proposal

to

amend

the

Fund’s

declaration

of

trust

to

eliminate

the

Fund’s

term

structure,

subject

to

the

completion

of

a

tender

offer.

The

amendment

allows

shareholders

the

opportunity

to

maintain

their

investment

in

the

Fund

and

its

leveraged

exposure

to

preferred

and

other

income

producing

securities

in

lieu

of

the

Fund’s

scheduled

termination.

Additionally,

on

July

17,

2024,

the

Fund

conducted

a

tender

offer,

which

allowed

shareholders

to

offer

up

to

100%

of

their

common

shares

for

repurchase

for

cash

at

a

price

per

share

equal

to

100%

of

the

at

net

asset

value

(NAV)

per

share

determined

on

the

date

the

tender

offer

expired.

The

tender

offer

expired

on

August

14,

2024.

In

the

tender

offer

8,672,542

shares

were

tendered,

representing

approximately

38%

of

the

Fund’s

common

shares

outstanding.

Properly

tendered

shares

were

repurchased

at

$20.0081

per

share,

which

was

the

NAV

of

the

Fund

as

of

the

close

of

ordinary

trading

on

the

New

York

Stock

Exchange

on

August

14,

2024.

As

a

result

of

the

successful

completion

of

the

tender

offer,

the

restructuring

of

the

Fund