Company: JPC
Filing Date: 2025-06-12
Form Type: 424B3
Source: 0001999371-25-007638
Chunk: 195

Company: Nuveen Preferred & Income Opportunities Fund
Filing Date: 2025-06-12
Form: 424B3
Chunk 195
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 Poor’s Corporation (“S&P”), or Fitch Ratings (“Fitch”),                           
 or are unrated but judged to be of comparable quality.                                       |

| ● | The                                                                                           
 Acquiring Fund will invest more than 25% of its Managed Assets in the securities of companies 
 principally engaged in financial services.                                                    |

| ● | The                                                                                      
 Acquiring Fund is not limited in the amount of its investments in non-U.S. issuers. The  
 Acquiring Fund may invest up to 10% of its Managed Assets in non-U.S. dollar-denominated 
 securities. The Acquiring Fund may invest up to 5% of its Managed Assets in preferred    
 securities issued by companies located in emerging market countries.                     |

In addition to the Target Fund’s investment policies discussed above, the following investment policies also apply to the Target Fund, under normal circumstances:

| ● | The                                                                                     
 Target Fund may invest up to 20% of its Managed Assets in securities issued by federal, 
 state and local governments and U.S. government agencies.                               |

| ● | The                                                                                          
 Target Fund invests at least 50% of its Managed Assets in securities rated investment        
 grade (BBB-/Baa3 or higher) at the time of purchase. A security is considered to have        
 the highest rating assigned to it by a rating agency or, in the case of an unrated security, 
 to have the same rating as rated securities judged by the Target Fund’s sub-adviser          
 to be of comparable quality.                                                                 |

| ● | The                                                                                    
 Target Fund may invest up to 10% of its Managed Assets in securities rated below B-/B3 
 at the time of purchase.                                                               |

| ● | The                                                                                         
 Target Fund may invest up to 10% of its Managed Assets in securities of issuers in emerging 
 market countries.                                                                           |

| ● | The                                                                                       
 Target Fund will invest 100% of its Managed Assets in U.S. dollar denominated securities. |

| ● | The                                                                                  
 Target Fund may invest up to 10% of its total assets in securities of other open- or 
 closed-end investment companies (including ETFs) that invest primarily in securities 
 of the types in which the Target Fund may invest directly.                           |

| ● | The                                                                                          
 Target Fund will invest at least 25% of its assets in securities of issuers in the financial 
 services industry.                                                                           |

The foregoing policies of each Fund apply only at the time of investment.

Note that the Acquiring