Company: JPC
Filing Date: 2025-04-24
Form Type: N-14 8C
Source: 0001999371-25-004713
Chunk: 20

Company: Nuveen Preferred & Income Opportunities Fund
Filing Date: 2025-04-24
Form: N-14 8C
Chunk 20
---
. Information About the Merger—Material Federal Income Tax Consequences of the Merger.”

Comparison of the Acquiring Fund and the Target Fund

General.The Acquiring Fund and the Target Fund are diversified, closed-end management investment companies organized as Massachusetts business trusts. Set forth below is certain comparative information about the organization, capitalization and operation of the Funds.

<div align='center'>Organization</div>

| Fund           
 Target Fund    |     | Organization Date 
 April 18, 2012    |     | State of Organization         
 Commonwealth of Massachusetts |     | Entity Type    
 Business Trust |
|:---------------|:----|:------------------|:----|:------------------------------|:----|:---------------|
| Acquiring Fund |     | January 27, 2003  |     | Commonwealth of Massachusetts |     | Business Trust |

<div align='center'>Capitalization—Common Shares (1)</div>

| Fund           |     | Authorized 
 Shares     |     | Shares         
 Outstanding(1) |             |     | Par Value 
 Per       
 Share     |      |     | Preemptive, 
 Conversion  
 or Exchange 
 Rights      |     | Rights to  
 Cumulative 
 Voting     |     | Exchange   
 on which   
 Common     
 Shares are 
 Listed     |
|:---------------|:----|:-----------|:----|:---------------|------------:|:----|:----------|-----:|:----|:------------|:----|:-----------|:----|:-----------|
| Target Fund    |     | Unlimited  |     |                |  14,112,088 |     | $         | 0.01 |     | None        |     | None       |     | NYSE       |
| Acquiring Fund |     | Unlimited  |     |                | 322,260,241 |     | $         | 0.01 |     | None        |     | None       |     | NYSE       |

| (1) | As                 
 of March 31, 2025. |

<div align='center'>2</div>

As of March 31, 2025, the Acquiring Fund had outstanding the following series of preferred shares, with the Acquiring Fund’s preferred shares expected to remain outstanding following the completion of the Merger:

<div align='center'>Preferred Shares</div>

| Fund           |     | Series of           
 Preferred Shares    |     | Shares      
 Outstanding |         |     | Par Value 
 Per Share |      |     |