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Nuveen Preferred Securities Closed-End Funds Announce Proposed Merger

1. JPI and JPC plan to merge to reduce costs. 2. The merger aims for increased trading volume and efficiency.

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FAQ

Why Bullish?

Merging funds typically leads to economies of scale, potentially enhancing JPC's market position. Historical fund mergers have often resulted in increased investor interest and price appreciation.

How important is it?

The merger is a significant corporate development that could improve JPC's financial health and attractiveness to investors, warranting a high importance score.

Why Long Term?

The benefits from reduced expenses and increased trading volume will likely manifest over time post-merger approval. Previous mergers in the sector demonstrate long-term growth due to expanded fund capabilities.

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NEW YORK--(BUSINESS WIRE)--The Boards of Trustees of Nuveen Preferred Securities & Income Opportunities Fund (NYSE: JPI) and Nuveen Preferred & Income Opportunities Fund (NYSE: JPC) have approved a proposal to merge the funds. The proposed merger, if approved by shareholders, would combine JPI into JPC. The merger is intended to create a larger fund with lower net operating expenses and increased trading volume on the exchange for common shares. The proposed merger of the funds is subje.

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