Company: JPC
Filing Date: 2025-10-03
Form Type: N-CSR
Source: 0001193125-25-230231
Chunk: 29

Company: Nuveen Preferred & Income Opportunities Fund
Filing Date: 2025-10-03
Form: N-CSR
Chunk 29
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43 |

| (c) | • Net Investment Income (Loss) ratios reflect income earned and expenses incurred on assets attributable to preferred shares, borrowings, and/or reverse repurchase agreements (as described in Notes to Financial Statements), where applicable. |

| • The expense ratios reflect, among other things, all interest expense and other costs related to preferred shares and/or reverse repurchase agreements (as described in Notes to Financial Statements) where applicable, as follows: |

|         |     |       |     |       | Ratios of Interest Expense to 
 Average Net Assets Applicable 
 to Common Shares              |
|         |     |   JFR |     |   JQC |                               |
| 7/31/25 |     | 3.37% |     | 3.53% |                               |
| 7/31/24 |     |  4.08 |     |  4.03 |                               |
| 7/31/23 |     |  3.28 |     |  3.30 |                               |
| 7/31/22 |     |  0.80 |     |  0.91 |                               |
| 7/31/21 |     |  0.82 |     |  0.80 |                               |

See Notes to Financial Statements. 77

Financial Highlights (continued) The following data is for a common share outstanding for each fiscal year end unless otherwise noted:

|         |     |           |     | Investment Operations |              |     |                        |     |       |     |        |   |     | Less Distributions to 
 Common Shareholders   |     |          |     |           |     |        |   |     | Common Share |          |    |     |                                 |    |     |        |     |        |
|         |     |    Common 
     Share 
 Net Asset 
    Value, 
 Beginning 
 of Period |     |                       |          Net 
   Investment 
 Income (NII) 
    (Loss)(a) |     | NetRealized/Unrealized 
            Gain (Loss) |     | Total |     | From   
 NII    |   |     |                       |     | From Net 
 Realized 
 Gains    |     | Return of 
   Capital |     | Total  |   |     |              | Shelf    
 Offering 
 Costs    |    |     | PremiumperShareSoldthroughShelf 
 Offering                        |