Nuveen Preferred Securities Closed-End Funds Announce Proposed Merger

NEW YORK, March 19, 2025--The Boards of Trustees of Nuveen Preferred Securities & Income Opportunities Fund (NYSE: JPI) and Nuveen Preferred & Income Opportunities Fund (NYSE: JPC) have approved a proposal to merge the funds. The proposed merger, if approved by shareholders, would combine JPI into JPC. The merger is intended to create a larger fund with lower net operating expenses and increased trading volume on the exchange for common shares.