Company: JPC
Filing Date: 2025-10-03
Form Type: N-CSR
Source: 0001193125-25-230231
Chunk: 22

Company: Nuveen Preferred & Income Opportunities Fund
Filing Date: 2025-10-03
Form: N-CSR
Chunk 22
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 States without registering those securities with the Securities and Exchange Commission. Specifically, Regulation S provides a safe harbor from the registration requirements of the Securities Act for the offers and sales of securities by both foreign and domestic issuers that are made outside the United States. |

| TSFR3M | CME Term Secured Overnight Financing Rate 3 Month |

| (a) | Contains $1,000 Par Preferred and/or Contingent Capital Securities. |

| (b) | Perpetual security. Maturity date is not applicable. |

| (c) | $1,000 Par Institutional Preferred security. As of the end of the period, the percent of $1,000 Par Institutional Preferred securities was 51.9% of Total Investments. |

| (d) | Security is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities are deemed liquid and may be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers. As of the end of the reporting period, the aggregate value of these securities is $113,107,043 or 25.7% of Total Investments. |

| (e) | Contingent Capital Securities (“CoCos”) are debt or preferred securities with loss absorption characteristics built into the terms of the security for the benefit of the issuer, for example an automatic write-down of principal or a mandatory conversion into the issuer’s common stock under certain adverse circumstances, such as the issuer’s capital ratio falling below a specified level. As of the end of the reporting period, the Fund’s total investment in CoCos was 34.6% of Total Investments. |

| See Notes to Financial Statements |     | 61 |

Portfolio of Investments July 31, 2025 (continued) JPI

| (f) | Investment, or portion of investment, has been pledged to collateralize the net payment obligations for investments in reverse repurchase agreements. As of the end of the reporting period, investments with a value of $100,406,428 have been pledged as collateral for reverse repurchase agreements. |

| (g) | Investment, or portion of investment, is hypothecated. The total value of investments hypothecated as of the end of the reporting period was $73,526,366. |

| (h) | Floating or variable rate security includes the reference rate and spread, unless the variable rate is based on the underlying asset of the security. Coupon rate reflects the rate at period end. |