Nuveen Preferred Securities Closed-End Funds Announce Completion of Merger
Nuveen Preferred and Income Term Fund Common Shares of Beneficial Interest (JPI)
US:NYSE Investor Relations:
nuveen.com/home/corporate/media/pressroom.aspx
Company Research
Source: Business Wire
CHICAGO--(BUSINESS WIRE)--The merger of Nuveen Preferred Securities & Income Opportunities Fund (NYSE: JPI) into Nuveen Preferred & Income Opportunities Fund (NYSE: JPC) was successfully completed prior to the opening of the New York Stock Exchange on September 22, 2025.Through the merger, a wholly-owned subsidiary of JPC acquired substantially all of the assets and liabilities of JPI in a tax-free transaction, and common shares of JPI were converted to newly-issued common shares of JPC in an aggregate amount equal to the value of the net assets of JPI. The transaction took place based upon JPI’s closing net asset value on September 19, 2025. The exchange ratio at which common shares of JPI were converted to common shares of JPC is listed below:TickerFund Name ExchangeRatioJPINuveen Preferred Securities & Income Opportunities Fund 2.49939132Nuveen is a leading sponsor of closed-end funds (CEFs) with $52 billion in assets under management across 45 CEFs as of 30 Jun 2025. The funds
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