Company: JPC
Filing Date: 2025-04-24
Form Type: N-14 8C
Source: 0001999371-25-004713
Chunk: 100

Company: Nuveen Preferred & Income Opportunities Fund
Filing Date: 2025-04-24
Form: N-14 8C
Chunk 100
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| (2) | Certificates                                                                            
 of deposit issued against funds deposited in a bank or a savings and loan association.  
 Such certificates are for a definite period of time, earn a specified rate of return    
 and are normally negotiable. The issuer of a certificate of deposit agrees to pay the   
 amount deposited plus interest to the bearer of the certificate on the date specified   
 thereon. Under current FDIC regulations, the maximum insurance payable as to any one    
 certificate of deposit is $250,000; therefore, certificates of deposit purchased by the 
 Fund may not be fully insured.                                                          |

| (3) | Repurchase                                                                                      
 agreements, which involve purchases of debt securities. At the time the Fund purchases          
 securities pursuant to a repurchase agreement, it simultaneously agrees to resell and           
 redeliver such securities to the seller, who also simultaneously agrees to buy back the         
 securities at a fixed price and time. This assures a predetermined yield for the Fund           
 during its holding period, since the resale price is always greater than the purchase           
 price and reflects an agreed- upon market rate. Such actions afford an opportunity for          
 the Fund to invest temporarily available cash. The Fund may enter into repurchase agreements    
 only with respect to obligations of the U.S. Government, its agencies or instrumentalities;     
 certificates of deposit; or bankers’ acceptances in which the Fund may invest.                  
 Repurchase agreements may be considered loans to the seller, collateralized by the underlying   
 securities. The risk to the Fund is limited to the ability of the seller to pay the agreed-upon 
 sum on the repurchase date; in the event of default, the repurchase agreement provides          
 that the Fund is entitled to sell the underlying collateral. If the value of the collateral     
 declines after the agreement is entered into, and if the seller defaults under a repurchase     
 agreement when the value of the underlying collateral is less than the repurchase price,        
 the Fund could incur a loss of both principal and interest. The Adviser monitors the            
 value of the collateral at the time the action is entered into and at all times during          
 the term of the repurchase agreement. The Adviser does so in an effort to determine that        
 the value of the collateral always equals or exceeds the agreed-upon repurchase price           
 to be paid to the Fund. If the seller were to be subject to a federal bankruptcy proceeding,    
 the ability of the Fund to liquidate the collateral could be delayed or impaired because        
 of certain provisions of