Nuveen Preferred & Income Opportunities Fund

Nuveen Preferred & Income Opportunities Fund is a closed-ended balanced mutual fund that invests in the public equity and fixed income markets of the United States. The fund is co-managed by Nuveen Fund Advisors LLC, Nuveen Asset Management, LLC, and NWQ Investment Management Company, LLC. It seeks to invest in securities of companies across diversified sectors, primarily focusing on preferred securities, dividend-paying stocks, and corporate and taxable municipal debt securities. These debt securities must be rated BBB/Baa or better by S&P, Moody's, or Fitch. The fund utilizes fundamental analysis with a top-down stock picking approach to construct its portfolio. Its performance is benchmarked against the BofA/Merrill Lynch Preferred Stock Fixed Rate Index and the JPC Blended Index, which consists of 82.5% BofA/Merrill Lynch Preferred Stock Fixed Rate Index and 17.5% Barclays Capital Securities Index. The fund was formed on March 26, 2003, and is domiciled in the United States.