Company: JPC
Filing Date: 2025-04-24
Form Type: N-14 8C
Source: 0001999371-25-004713
Chunk: 5

Company: Nuveen Preferred & Income Opportunities Fund
Filing Date: 2025-04-24
Form: N-14 8C
Chunk 5
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 Fund satisfies all of its closing         
 conditions if the other Fund does not obtain its requisite shareholder approval or satisfy    
 (or obtain the waiver of) its closing conditions. If the Merger is not consummated, the       
 Board of the Target Fund may take such actions as it deems in the best interests of the       
 Fund, including conducting additional solicitations with respect to the Merger proposal       
 or continuing to operate the Target Fund as a standalone fund.                                |

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

Each series of the Acquiring Fund’s preferred shares was issued on a private placement basis to one or a small number of institutional holders. To the extent that one or more preferred shareholders of the Acquiring Fund owns, holds or controls, individually or in the aggregate, all or a significant portion of the Acquiring Fund’s outstanding preferred shares, the approval by the Acquiring Fund’s preferred shareholders required for the Merger to occur may turn on the exercise of voting or consent rights by such particular shareholder(s) and its or their determination as to the favorable view of the Merger with respect to its or their interests. The Funds exercise no influence or control over the determinations of such shareholders with respect to the Merger; there is no guarantee that such shareholders will vote to approve the Merger proposal.

| Q. | What                             
 is the timetable for the Merger? |

| A. | If                                                                                   
 the shareholder approvals and other conditions to closing are satisfied (or waived), 
 the Merger is expected to take effect on or about [●], 2025, or such other date      
 as the parties may agree.                                                            |

| Q. | How                                                                      
 does each Board recommend that shareholders vote on the Merger proposal? |

| A. | After                                                                                    
 careful consideration, each Board has determined that the Merger proposal is in the best 
 interests of its Fund and recommends that you vote FOR such proposal.                    |

General

| Q. | Who                            
 do I call if I have questions? |

| A. | If                                                                                         
 you need any assistance, or have any questions regarding the proposals or how to vote      
 your shares, please call Computershare Fund Services, the proxy solicitor hired by your    
 Fund, at [●] on weekdays during its business hours of 9:00 a.m. to 11:00 p.m. and          
 Saturdays 12:00 p.m. to 6:00 p.m. Eastern Time. Please have your proxy materials available 
 when you call.