Two Nuveen Preferred Closed-End Funds Approve Policy and Name Changes

The Fund Boards for the Nuveen Preferred Securities Income Fund (JPS) and the Nuveen Preferred Income Opportunities Fund (JPC) have approved policy and name changes outlined in the tables below. The proposed policy and name changes are anticipated to be effective on September 30, 2017.

The following name changes have been approved for JPS and JPC:

Fund

Current Name

Proposed/New Name

        
      
      
        
          JPS
        
        
        
        
          Nuveen Preferred Securities Income Fund
        
        
        
        
          Nuveen Preferred & Income Securities Fund
        
      
      
        
          JPC
        
        
        
        
          Nuveen Preferred Income Opportunities Fund
        
        
        
        
          Nuveen Preferred & Income Opportunities Fund
        
      
    
    

The funds’ investment strategies and day-to-day investment management will remain unchanged. In describing the funds’ investments, however, preferred securities will no longer be defined to include Contingent Capital Securities (CoCos). Instead, CoCos will be listed separately as a type of income producing security in which the funds invest.

Consequently, the policy descriptions will change for JPS and JPC as outlined in the table below:

Fund

Current Policy

Proposed/New Policy

        
      
      
        
          JPS
        
        
        
        
          At least 80% of its Managed Assets in preferred securities.
        
        
        
        
          At least 80% of its Managed Assets in preferred and other income 
          producing securities, including hybrid securities such as contingent 
          capital securities.
        
      
      
        
          JPC
        
        
        
        
          At least 80% of its managed assets in

          

preferred securities, and up to 20% opportunistically in other securities, primarily income-oriented securities such as corporate and taxable municipal debt and common equity.

        
        
        
        
          At least 80% of its Managed Assets in preferred and other income 
          producing securities, including hybrid securities such as contingent 
          capital securities, and up to 20% opportunistically in other 
          income-oriented securities such as corporate and taxable municipal 
          debt and dividend paying common equity.
        
      
    
    

About Nuveen

Nuveen offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. As the investment management arm of TIAA, Nuveen has $906 billion in assets under management as of 3/31/17 and operations in 16 countries. Its affiliates offer deep expertise across a comprehensive range of traditional and alternative investments through a wide array of vehicles and customized strategies. For more information, please visit www.nuveen.com.

Securities offered through Nuveen Securities, LLC, member FINRA and SIPC.

The information contained on the Nuveen website is not a part of this press release.

FORWARD LOOKING STATEMENTS

Certain statements made in this release are forward-looking statements. Actual future results or occurrences may differ significantly from those anticipated in any forward-looking statements due to numerous factors. These include, but are not limited to:

    
      
        
           
        
        
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          market developments;
        
      
      
        
        
        
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          legal and regulatory developments; and
        
      
      
        
        
        
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          other additional risks and uncertainties.
        
      
    
    

Nuveen and the closed-end funds managed by Nuveen and its affiliates undertake no responsibility to update publicly or revise any forward-looking statement.

223760-INV-O-07/19

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