Company: JPC
Filing Date: 2025-06-12
Form Type: 424B3
Source: 0001999371-25-007638
Chunk: 218

Company: Nuveen Preferred & Income Opportunities Fund
Filing Date: 2025-06-12
Form: 424B3
Chunk 218
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:|:----|:--|----------:|:----|:--|----------:|
| Nuveen Asset Management |     | $ | 10,212,041 |     | $ | 4,329,202 |     | $ | 4,185,147 |
| NWQ                     |     | $ |          — |     | $ |         — |     | $ | 1,002,071 |

<div align='center'>Portfolio Managers</div>

Unless otherwise indicated, the information below is provided as of the date of this SAI.

Portfolio Management. Douglas M. Baker, CFA and Brenda A. Langenfeld, CFA are portfolio managers of the Target Fund and the Acquiring Fund. Mr. Baker and Ms. Langenfeld will manage the combined fund upon completion of the Merger.

In addition to managing the Funds, the following portfolio managers are also primarily responsible for the day-to-day portfolio management of the following accounts, as of July 31, 2024:

|                   |     | Type                             
 of Account Managed               |     |      Number 
 of Accounts |     | Assets*       |
| Portfolio Manager |     |                                  |     |             |     |               |
| Douglas M. Baker  |     | Registered Investment Companies  |     |           5 |     | $6.39 billion |
|                   |     | Other Pooled Investment Vehicles |     |           1 |     | $290 million  |
|                   |     | Other Accounts                   |     |       3,741 |     | $2.38 billion |

<div align='center'>S-20</div>

|                      |     | Type                             
 of Account Managed               |     |      Number 
 of Accounts |     | Assets*       |
| Portfolio Manager    |     |                                  |     |             |     |               |
| Brenda A. Langenfeld |     | Registered Investment Companies  |     |           8 |     | $7.62 billion |
|                      |     | Other Pooled Investment Vehicles |     |           2 |     | $118 million  |
|                      |     | Other Accounts                   |     |       3,742 |     | $2.43 billion |

* None of the assets in these accounts is subject to an advisory fee based on performance.

Compensation of Nuveen Asset Management Portfolio Managers

Portfolio manager compensation consists primarily of base pay and variable components consisting of (i) a cash bonus; (ii)