Company: JPC
Filing Date: 2025-10-03
Form Type: N-CSR
Source: 0001193125-25-230231
Chunk: 43

Company: Nuveen Preferred & Income Opportunities Fund
Filing Date: 2025-10-03
Form: N-CSR
Chunk 43
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| 4. | Portfolio Securities |

Unfunded Commitments:Pursuant to the terms of certain of the variable rate senior loan agreements, JFR and JQC may have unfunded senior loan commitments. Each Fund will maintain with its custodian, cash, liquid securities and/or liquid senior loans having an aggregate value at least equal to the amount of unfunded senior loan commitments. As of the end of the current fiscal period, JFR and JQC’s outstanding unfunded senior loan commitments were as follows:

| Fund |     | Outstanding Unfunded Senior Loan 
                      Commitments |
| JFR  |     |                       $2,824,844 |
| JQC  |     |                          930,963 |

Participation Commitments:With respect to the senior loans held in JFR and JQC’s portfolio, the Funds may: 1) invest in assignments; 2) act as a participant in primary lending syndicates; or 3) invest in participations. If a Fund purchases a participation of a senior loan interest, the Funds would typically enter into a contractual agreement with the lender or other third party selling the participation, rather than directly with the borrower. As such, the Funds not only assume the credit risk of the borrower, but also that of the selling participant or other persons interpositioned between the Fund and the borrower. As of the end of the current fiscal period, the Funds had no such outstanding participation commitments. Repurchase Agreements:In connection with transactions in repurchase agreements, it is each Fund’s policy that its custodian take possession of the underlying collateral securities, the fair value of which exceeds the principal amount of the repurchase transaction, including accrued interest, at all times. If the counterparty defaults, and the fair value of the collateral declines, realization of the collateral may be delayed or limited. The following table presents the repurchase agreements for the Funds that are subject to netting agreements as of the end of the current fiscal period, and the collateral delivered related to those repurchase agreements. 90

| Fund |     | Counterparty                      |     | Short-termInvestments, 
               at Value |     |     Collateral 
 Pledged (From) 
   Counterparty |
| JPC  |     | Fixed Income Clearing Corporation |     |            $21,976,515 |     |  $(22,416,176) |
| JPI  |     | Fixed Income Clearing Corporation |     |              2,289,396 |