Nuveen Preferred Securities Closed-End Funds Complete Merger into Nuveen Preferred & Income Opportunities Fund

Nuveen Preferred Securities Closed-End Funds announce the completion of a merger between Nuveen Preferred Securities & Income Opportunities Fund (JPI) and Nuveen Preferred & Income Opportunities Fund (JPC). The merger was completed prior to the opening of the NYSE on September 22, 2025, and common shares of JPI were converted to newly-issued common shares of JPC at a 2.49939132 exchange ratio. Nuveen has $1.3 trillion in assets under management across 45 CEFs, with a focus on income-focused investors seeking regular distributions.