Company: JPC
Filing Date: 2025-04-24
Form Type: N-14 8C
Source: 0001999371-25-004713
Chunk: 250

Company: Nuveen Preferred & Income Opportunities Fund
Filing Date: 2025-04-24
Form: N-14 8C
Chunk 250
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 the matter (provided that a majority of the Disinterested Trustees then in
office act on the matter); or

(ii) by
written opinion of independent legal counsel.

The rights of indemnification
herein provided may be insured against by policies maintained by the Trust, shall be severable, shall not affect any other rights to which
any Covered Person may now or hereafter be entitled, shall continue as to a person who has ceased to be such a Covered Person and shall
inure to the benefit of the heirs, executors and administrators of such a person. Nothing contained herein shall affect any rights to
indemnification to which Trust personnel other than Covered Persons may be entitled by contract or otherwise under law.

Expenses of preparation and
presentation of a defense to any claim, action, suit or proceeding subject to a claim for indemnification under this Section 4 shall be
advanced by the Trust prior to final disposition thereof upon receipt of an undertaking by or on behalf of the recipient to repay such
amount if it is ultimately determined that he is not entitled to indemnification under this Section 4, provided that either:

(a) such
undertaking is secured by a surety bond or some other appropriate security or the Trust shall be insured against losses arising out of
any such advances; or

(b) a
majority of the Disinterested Trustees acting on the matter (provided that a majority of the Disinterested Trustees then in office act
on the matter) or independent legal counsel in a written opinion shall determine, based upon a review of the readily available facts (as
opposed to a full trial-type inquiry), that there is reason to believe that the recipient ultimately will be found entitled to indemnification.

As used in this Section 4,
a “Disinterested Trustee” is one (x) who is not an Interested Person of the Trust (including, as such Disinterested Trustee,
anyone who has been exempted from being an Interested Person by any rule, regulation or order of the Commission), and (y) against whom
none of such actions, suits or other proceedings or another action, suit or other proceeding on the same or similar grounds is then or
has been pending.

As used in this Section 4,
the words “claim,” “action,” “suit” or “proceeding” shall apply to all claims, actions,
suits, proceedings (civil, criminal, administrative or other, including appeals), actual or threatened; and the word “liability”
and “