Shareholders Approve Nuveen Closed-End Fund Merger

Shareholders of the Nuveen Flexible Investment Income Fund (NYSE: JPW) have approved the fund’s merger with and into the Nuveen Preferred Income Opportunities Fund (NYSE: JPC).

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

Acquired Fund

Symbol

Acquiring Fund

Symbol

Nuveen Flexible InvestmentIncome Fund

        
        
           
        
        
           
        
        
          JPW
        
        
           
        
        
           
        
        
          

Nuveen Preferred IncomeOpportunities Fund

        
        
           
        
        
           
        
        
          JPC
        
      
      
        
        
        
           
        
        
           
        
        
        
        
           
        
        
           
        
        
        
        
           
        
        
           
        
        
        
      
    
    

Subject to the satisfaction of certain customary closing conditions, the reorganization is expected to become effective June 12, 2017.

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;
        
      
      
        
        
        
          •
        
        
        
        
          legal and regulatory developments; and
        
      
      
        
        
        
          •
        
        
        
        
          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.

154231-INV-O-05/19

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