Company: JPC
Filing Date: 2025-06-12
Form Type: 424B3
Source: 0001999371-25-007638
Chunk: 29

Company: Nuveen Preferred & Income Opportunities Fund
Filing Date: 2025-06-12
Form: 424B3
Chunk 29
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|:----|:-------|---:|:----|:--------|----:|:----|:--------|----:|:----|:---------|----:|
| Target Fund             |     | $      | 43 |     | $       | 130 |     | $       | 218 |     | $        | 444 |
| Acquiring Fund          |     | $      | 49 |     | $       | 147 |     | $       | 245 |     | $        | 491 |
| Combined Fund Pro Forma |     | $      | 48 |     | $       | 144 |     | $       | 241 |     | $        | 484 |

Comparative Performance Information

Comparative total return performance for the Funds for periods ended January 31, 2025.

|                |     |          |   |     |            |   |     |      Average Annual Total 
 Return on Net Asset Value |   |     |          |   |     |            |   |     |   Average Annual Total 
 Return on Market Value |   |
|                |     | One Year |   |     | Five Years |   |     |                 Ten Years |   |     | One Year |   |     | Five Years |   |     |              Ten Years |   |
| Target Fund    |     |    11.02 | % |     |       1.72 | % |     |                      5.01 | % |     |    16.18 | % |     |       2.01 | % |     |                   6.07 | % |
| Acquiring Fund |     |    11.17 | % |     |       2.06 | % |     |                      4.91 | % |     |    20.24 | % |     |       2.53 | % |     |                   6.31 | % |

Average Annual Total Return on Net Asset Value is the combination of changes in common share net asset value, reinvested dividend income at net asset value and reinvested capital gains distributions at net asset value, if any. The last dividend declared in the period, which is typically paid on the first business day of the following month, is assumed to be reinvested at the ending net asset value. The actual reinvestment price for the last dividend declared in the period may often be based on the Fund’s market price (