Company: JPC
Filing Date: 2025-03-04
Form Type: DEF 14A
Source: 0001193125-25-045738
Chunk: 19

Company: Nuveen Preferred & Income Opportunities Fund
Filing Date: 2025-03-04
Form: DEF 14A
Chunk 19
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 15, 2021. Board Members Kenny and Starr were appointed to the Fund’s Board effective January 1, 2024.

For Variable Rate Preferred & Income, Board Members Medero, Starr and Thornton stood for election at the annual meeting of shareholders held on May 15,
2024 and subsequently adjourned to May 31, 2024 (Variable Rate Preferred & Income’s “May 2024 Shareholder Meeting”) by the Fund’s common and preferred shareholders. Because a quorum for common and preferred
shareholders voting together was not present at Variable Rate Preferred & Income’s May 2024 Shareholder Meeting, action could not be taken on the election of trustees at Variable Rate Preferred & Income’s May 2024
Shareholder Meeting. As a result, Board Members Medero, Starr and Thornton continue to serve a “holdover” term as trustees of Variable Rate Preferred & Income until their successors have been duly elected and qualified. If elected
at the 2025 Annual Meeting, Board Members Medero, Starr and Thornton will serve the remainder of the term of Variable Rate Preferred & Income’s Class III Board Members with terms expiring at the annual meeting of shareholders to
be held in 2027, or until their successors have been duly elected and qualified.

All Board Member nominees and current and continuing Board Members are not “interested persons,” as defined in the Investment Company Act of 1940, as amended (the “1940 Act”), of the Funds or Nuveen Fund Advisors, LLC (the “Adviser”) and have never been an employee or director of Teachers Insurance and Annuity Association of America (“TIAA”) or Nuveen, LLC (“Nuveen”), the Adviser’s parent companies, or any affiliate. Accordingly, such Board Members are deemed “Independent Board Members.”

The Board unanimously recommends that shareholders vote FOR the election of the nominees.

Except as otherwise noted, the Funds and the other funds advised by the Adviser (referred to herein as the “Nuveen Funds”) and the mutual funds advised by TIAA
that are series of the TIAA-CREF Funds and the TIAA-CREF Life Funds (referred to herein as the “TC Funds”) are collectively referred to herein as the “Fund Complex.”

12

Board Members/Nominees

| Name, Business Address                                               
 and Year of Birth                                                    |     | Position(s)                                                                                                                                                                                                                
 Held with                                                                                                                                                                                                                  
 Fund                                                                                                                                                                                                                       |     | Term of