Company: JPC
Filing Date: 2025-04-24
Form Type: N-14 8C
Source: 0001999371-25-004713
Chunk: 26

Company: Nuveen Preferred & Income Opportunities Fund
Filing Date: 2025-04-24
Form: N-14 8C
Chunk 26
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quiring Fund to Nuveen Fund Advisors.

| Average          
 Daily Net Assets |     |     Percentage 
         of Net 
 Management Fee |   |
| Up               
 to $125 million  |     |           50.0 | % |
| Next             
 $25 million      |     |           47.5 | % |
| Next             
 $25 million      |     |           45.0 | % |
| Next             
 $25 million      |     |           42.5 | % |
| Over             
 $200 million     |     |           40.0 | % |

Nuveen Asset Management will continue to sub-advise the combined fund pursuant to the existing Sub-Advisory Agreement in respect of the Acquiring Fund after the Merger is completed.

Nuveen Fund Advisors and the Sub-Advisers retain the right to reallocate investment advisory responsibilities and fees between themselves in the future. A discussion of the basis for the Board’s most recent approval of the current Investment Management Agreements and Sub-Advisory Agreements for the Target Fund and the Acquiring Fund will be included in the Funds’ Annual Report for the fiscal year ended July 31, 2025.

Portfolio Management.Subject to the supervision of Nuveen Fund Advisors, the Sub-Adviser is responsible for execution of specific investment strategies and day-to-day investment operations. Nuveen Asset Management manages the portfolio of the Target Fund and the Acquiring Fund using a team of analysts and portfolio managers that focus on a specific group of funds. Douglas M. Baker, CFA and Brenda A. Langenfeld, CFA are portfolio managers of the Target Fund and the Acquiring Fund. Mr. Baker assumed portfolio management responsibility for the Target Fund and the Acquiring Fund in 2012. Ms. Langenfeld assumed portfolio management responsibility for the Target Fund and the Acquiring Fund in 2012.

Douglas M. Baker, CFA and Brenda A. Langenfeld, CFA will manage the combined fund upon completion of the Merger. Additional information regarding the portfolio managers’ compensation, other accounts managed and ownership of securities is contained in the Merger SAI.

Douglas Baker, CFA, is a Managing Director at Nuveen Asset Management and a portfolio manager for the Target Fund and the Acquiring Fund and related preferred security strategies. He is the lead portfolio manager for the preferred securities strategies, as well as a co-portfolio manager for the firm’s multi-sector strategies. Douglas is also a