Company: JPC
Filing Date: 2025-10-03
Form Type: N-CSR
Source: 0001193125-25-230231
Chunk: 93

Company: Nuveen Preferred & Income Opportunities Fund
Filing Date: 2025-10-03
Form: N-CSR
Chunk 93
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 can be no assurance that such techniques will be successful. Accordingly, during such periods, the Fund may not achieve its investment objectives. 114

NUVEEN PREFERRED SECURITIES & INCOME OPPORTUNITIES FUND (JPI) Investment Objective The Fund’s investment objective is to provide a high level of current income and total return. Investment Policies The Fund will invest at least 80% of its Assets (as defined below) in preferred securities and other income producing securities issued by U.S. and non‑U.S. companies, including debt securities, hybrid securities and convertible securities. “Assets” mean the net assets of the Fund plus the amount of any borrowings for investment purposes. “Managed Assets” mean the total assets of the Fund, minus the sum of its accrued liabilities (other than Fund liabilities incurred for the express purpose of creating leverage). Total assets for this purpose shall include assets attributable to the Fund’s use of leverage (whether or not those assets are reflected in the Fund’s financial statements for purposes of generally accepted accounting principles), and derivatives will be valued at their market value. Under normal circumstances:

| • |     | The 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 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 Fund’s sub‑adviser to be of comparable quality. |

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

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

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

| • |     | The Fund may invest up to 10% of its total assets in securities of other open- or closed‑end investment companies (including exchange- traded funds (“ETFs”)) that invest primarily in securities of the types in which the Fund may invest directly. |

The foregoing policies apply only at the time of any new