Company: JPC
Filing Date: 2025-10-03
Form Type: N-CSR
Source: 0001193125-25-230231
Chunk: 58

Company: Nuveen Preferred & Income Opportunities Fund
Filing Date: 2025-10-03
Form: N-CSR
Chunk 58
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 the Notes to Financial Statements, when applicable. From time to time, the Funds may be a party to certain legal proceedings in the ordinary course of business, including proceedings relating to the enforcement of the Funds’ rights under contracts. As of the end of the current fiscal period, management has determined that any legal proceeding(s) the Funds are subject to, including those described within this report, are unlikely to have a material impact to any of the Funds’ financial statements.

| 10. | Borrowings Arrangements and Reverse Repurchase Agreements |

Borrowings: Each Fund entered into a borrowing arrangement (“Borrowings”) as a means of leverage. As of the end of the current fiscal period, each Fund’s maximum commitment amount under these Borrowings is as follows:

| Fund |     |   | MaximumCommitment 
            Amount |
|:-----|:----|:--|------------------:|
| JFR  |     | $ |       660,000,000 |
| JQC  |     |   |       250,000,000 |
| JPC  |     |   |       715,000,000 |
| JPI  |     |   |       135,000,000 |
| NPFD |     |   |       190,000,000 |

As of the end of the current fiscal period, each Fund’s outstanding balance on its Borrowings was as follows:

| Fund |     |   | Outstanding 
  Balance on 
  Borrowings |
|:-----|:----|:--|------------:|
| JFR  |     | $ | 517,200,000 |
| JQC  |     |   | 211,600,000 |
| JPC  |     |   | 649,000,000 |
| JPI  |     |   | 118,000,000 |
| NPFD |     |   | 161,314,000 |

For JFR, interest is charged at a rate equal to 1‑Month Term SOFR plus 0.95%. JFR accrues 0.15% per annum on the undrawn balance if the undrawn portion of the Borrowings on a particular day is more than the maximum commitment amount. Interest is charged on the Borrowings at a rate per annum equal to the daily SOFR plus 1.10% for JQC and the Fund accrues 1.10% per annum on any positive difference between 90% of the maximum