Fitch rates Nuveen preferreds A

Fitch Ratings said it assigned an A long-term rating to $150 million of series A taxable fund preferred shares (TFP shares) issued by Nuveen Preferred & Income Opportunities Fund (JPC).

JPC will use the proceeds to repay a portion of the fund's outstanding borrowings. JPC is managed by Nuveen Fund Advisors, LLC and subadvised by Nuveen Asset Management, LLC.

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