Company: JPC
Filing Date: 2025-06-12
Form Type: 424B3
Source: 0001999371-25-007638
Chunk: 153

Company: Nuveen Preferred & Income Opportunities Fund
Filing Date: 2025-06-12
Form: 424B3
Chunk 153
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 B TFP) |

The common shares of the Target Fund and the Acquiring Fund are listed and trade on the NYSE under the ticker symbols JPI and JPC, respectively. Upon the closing of the Merger, it is expected that the common shares of the Acquiring Fund will continue to be listed on the NYSE. None of the preferred shares of the Acquiring Fund are currently listed on any exchange.

Shareholders of the Acquiring Fund and the Target Fund

As of April 16, 2025, the members of the Board and officers of each Fund as a group owned less than 1% of the total outstanding common shares and less than 1% of the total outstanding preferred shares of each Fund.

Information regarding
shareholders or groups of shareholders who, to the knowledge of a Fund, beneficially own more than 5% of a class of shares of a Fund
is provided below. Information in the table below regarding the number and percentage of shares owned is based on a review of Schedule 13D
and 13G filings and amendments made on or before April 16, 2025. The estimated pro forma information presented is calculated assuming
outstanding common and preferred shares as of April 16, 2025 for each Fund.

|                |     |                                   |     |           |     |            |   |     | Estimated Pro Forma |   |     |           |
| Fund and Class |     | Shareholder Name                  
 and                               
 Address                           |     | Number of 
    Shares 
     Owned |     | Percentage 
      Owned |   |     |       Corresponding 
           Series of 
            Combined 
                Fund |   |     | All       
 Preferred 
 Shares of 
 Combined  
 Fund      |
| Target Fund—   |     |                                   |     |           |     |            |   |     |                     |   |     |           |
| Common Shares  |     | First Trust Portfolios L.P.(a)    
 First Trust Advisors              
 L.P.(a)                           
 The Charger Corporation(a)        
 120 East Liberty Drive, Suite 400 
 Wheaton, Illinois 60187           |     |   761,848 |     |       5.40 | % |     |                0.53 | % |     | N/A       |

As of April 16,
2025, the Acquiring Fund is not aware of any shareholders holding more than 5% of its common shares. No Fund is aware of any person who,
as