Company: JPC
Filing Date: 2025-10-03
Form Type: N-CSR
Source: 0001193125-25-230231
Chunk: 140

Company: Nuveen Preferred & Income Opportunities Fund
Filing Date: 2025-10-03
Form: N-CSR
Chunk 140
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 for (10.00)% Assumed Portfolio Total Return                                                                |     | (18.90)% |     | (19.28)% |     | (19.18)% |     | (18.82)% |     | (18.77)% |
| Common Share Total Return for (5.00)% Assumed Portfolio Total Return                                                                 |     | (11.07)% |     | (11.33)% |     | (11.23)% |     | (11.01)% |     | (10.94)% |
| Common Share Total Return for 0.00% Assumed Portfolio Total Return                                                                   |     | (3.25)%  |     | (3.39)%  |     | (3.29)%  |     | (3.19)%  |     | (3.11)%  |
| Common Share Total Return for 5.00% Assumed Portfolio Total Return                                                                   |     | 4.57%    |     | 4.56%    |     | 4.65%    |     | 4.62%    |     | 4.71%    |
| Common Share Total Return for 10.00% Assumed Portfolio Total Return                                                                  |     | 12.40%   |     | 12.51%   |     | 12.59%   |     | 12.43%   |     | 12.54%   |

Common Share total return is composed of two elements — the distributions paid by the Fund to holders of common shares (the amount of which is largely determined by the net investment income of the Fund after paying dividend payments on any preferred shares issued by the Fund and expenses on any forms of leverage outstanding) and gains or losses on the value of the securities and other instruments the Fund owns. As required by SEC rules, the table assumes that the Funds are more likely to suffer capital losses than to enjoy capital appreciation. For example, to assume a total return of 0%, the Fund must assume that the income it receives on its investments is entirely offset by losses in the value of those investments. This table reflects hypothetical performance of the Fund’s portfolio and not the actual performance of the Fund’s common shares, the value of which is determined by market forces and other factors. Should the Fund elect to add additional leverage to its portfolio, any benefits of such additional leverage cannot be fully achieved until the proceeds resulting from the use of such leverage have been received by the Fund and invested in