Tender Offer - Nuveen Preferred Securities & Income Opportunities Fund

Form Type: N-CSRS

Filing Date: 2025-04-04

Corporate Action: Tender-offer

Type: Update

Accession Number: 000119312525073012

Filing Summary: The Nuveen Preferred Securities & Income Opportunities Fund's N-CSRS filing reports on various significant actions and performances as of January 31, 2025. Notably, the Fund underwent a restructuring after shareholders approved an amendment to eliminate the term structure, which was contingent on a tender offer that expired on August 14, 2024. During this tender offer, 8,672,542 shares were tendered, amounting to approximately 38% of the Fund's outstanding shares, and were repurchased at the NAV of $20.0081 per share. The amendment facilitating these changes allows shareholders to continue their investment without the looming termination of the Fund. Additionally, the Fund is set to issue transferable rights to existing shareholders, facilitating further capital raising at a favorable subscription price. Performance figures as of January 31, 2025, indicate varying returns across different periods, underlining the continued impact of market dynamics on the Fund's return on investment.

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