Company: JPC
Filing Date: 2025-06-12
Form Type: 424B3
Source: 0001999371-25-007638
Chunk: 23

Company: Nuveen Preferred & Income Opportunities Fund
Filing Date: 2025-06-12
Form: 424B3
Chunk 23
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500 million          |     |          0.6500 | % |
| For the next $500 million          |     |          0.6250 | % |
| For managed assets over $2 billion |     |          0.6000 | % |

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| Acquiring Fund                       |     |                 |   |
| Average Total Daily Managed Assets** |     | Annual Fee Rate |   |
| For the first $500 million           |     |          0.6800 | % |
| For the next $500 million            |     |          0.6550 | % |
| For the next $500 million            |     |          0.6300 | % |
| For the next $500 million            |     |          0.6050 | % |
| For the next $750 million            |     |          0.5800 | % |
| For the next $750 million            |     |          0.5550 | % |
| For the next $1.5 billion            |     |          0.5300 | % |
| For managed assets over $5 billion   |     |          0.5050 | % |

| * | Including                                                             
 net assets attributable to the Fund’s principal amount of borrowings. |

| ** | For                                                                                    
 this purpose, managed assets means the total assets of the Fund, minus the sum of its  
 accrued liabilities (other than Fund liabilities incurred for the express purpose of   
 creating leverage). Total assets for this purpose shall include assets attributable to 
 the Fund’s use of effective leverage (whether or not those assets are reflected        
 in the Fund’s financial statements for purposes of U.S. generally accepted accounting  
 principles).                                                                           |

The management fee compensates the Adviser for overall investment advisory and administrative services and general office facilities. Each Fund pays all of its other costs and expenses of its operations, including compensation of its Board Members (other than those affiliated with the Adviser), custodian, transfer agency and dividend disbursing expenses, legal fees, expenses of independent auditors, expenses of repurchasing shares, expenses of issuing any preferred shares, expenses of preparing, printing and distributing shareholder reports, notices, proxy statements and reports to governmental agencies, listing fees and taxes, if any.

Each Fund also pays a complex-level fee to Nuveen Fund Advisors, which is payable monthly and is in addition to the fund-level fee. The complex-level fee is based