Company: JPC
Filing Date: 2025-04-04
Form Type: N-CSRS
Source: 0001193125-25-073011
Chunk: 220

Company: Nuveen Preferred & Income Opportunities Fund
Filing Date: 2025-04-04
Form: N-CSRS
Chunk 220
---
isions.

T

he

Adviser

has

entered

into

sub-

advisory

agreements

with

Nuveen

Asset

### Management
LLC

(

the

“Sub-Adviser”)

,

a

subsidiary

of

the

Adviser,

under

which

the

Sub-Adviser

manage

the

investment

portfolio

of

the

Funds.

The

Adviser

is

responsible

for

managing

JPC’s

and

JPI’s

investments

in

swap

contracts.

#### JPI

#### Fund

#### Restructuring
:

On

July

17,

2024,

shareholders

of

JPI

approved

a

proposal

to

amend

the

Fund’s

declaration

of

trust

to

eliminate

the

Fund’s

term

structure,

subject

to

the

completion

of

a

tender

offer.

The

amendment

allows

shareholders

the

opportunity

to

maintain

their

investment

in

the

Fund

and

its

leveraged

exposure

to

preferred

and

other

income

producing

securities

in

lieu

of

the

Fund’s

scheduled

termination.

Additionally,

on

July

17,

2024,

the

Fund

conducted

a

tender

offer,

which

allowed

shareholders

to

offer

up

to

100%

of

their

common

shares

for

repurchase

for

cash

at

a

price

per

share

equal

to

100%

of

the

at

net

asset

value

(“NAV”)

per

share

determined

on

the

date

the

tender

offer

expired.

The

tender

offer

expired

on

August

14,

2024.

In

the

tender

offer

8,672,542

shares

were

tendered,

representing

approximately

38%

of

the

Fund’s

common

shares

outstanding.

Properly

tendered

shares

were

repurchased

at

$20.0081

per

share,

which

was

the

NAV

of

the

Fund

as

of

the

close

of

ordinary

tr