Nuveen Completes Closed-End Fund Merger

Nuveen has successfully completed the merger of the Nuveen Flexible Investment Income Fund (NYSE: JPW) into the Nuveen Preferred Income Opportunities Fund (NYSE: JPC) prior to the open of the New York Stock Exchange, today, June 12, 2017.

As previously announced, the funds will be merged as follows:

Acquired Fund

Symbol

Acquiring Fund

Symbol

        
      
      
        
          Nuveen Flexible Investment Income Fund
        
        
           
        
        
           
        
        
           
        
        
          JPW
        
        
           
        
        
           
        
        
           
        
        
          Nuveen Preferred Income Opportunities Fund
        
        
           
        
        
           
        
        
           
        
        
          JPC
        
      
      
        
        
        
           
        
        
           
        
        
           
        
        
        
        
           
        
        
           
        
        
           
        
        
        
        
           
        
        
           
        
        
           
        
        
        
      
    
    

In the merger, JPC acquired substantially all of the assets and liabilities of JPW in a tax-free transaction in exchange for an equal aggregate net asset value of newly-issued common shares. The exchange took place based upon the funds’ closing net asset values on June 9, 2017. The exchange ratio at which common shares of JPW were exchanged for common shares of JPC is listed below:

Acquired Fund

Exchange Ratio

        
      
      
        
          Nuveen Flexible Investment Income Fund (JPW)
        
        
           
        
        
           
        
        
           
        
        
          1.73985578
        
      
      
        
        
        
           
        
        
           
        
        
           
        
        
        
      
    
    

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

183308-INV-O-06/19

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NuveenKathleen Cardoza, [e-mail]