Nuveen Preferred & Income Opportunities Fund (JPC)
JPC 8-K filings, explained
Every material Form 8-K Nuveen Preferred & Income Opportunities Fund has filed with the SEC since March 24, 2022, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
The fund's board adopted amended and restated by-laws on February 28, 2024, eliminating the control share provisions, whose effectiveness had already been suspended since February 24, 2022. The filing states that the amended by-laws are otherwise identical to the prior by-laws, so this is a governance housekeeping change.
Board adopted amended and restated by-laws on February 28, 2024
Control share provisions were eliminated; their effectiveness had been suspended since February 24, 2022
Other than this change, the amended by-laws are identical to the prior by-laws
The Fund's board approved aligning and consolidating board membership across the Nuveen and TIAA-CREF fund complexes, so the funds are overseen by the same board members. Thomas J. Kenny and Loren M. Starr will join the Fund's board as independent members effective January 1, 2024, and two current trustees, Jack B. Evans and William C. Hunter, are expected to retire at December 31, 2023.
Board size will be set at ten members effective January 1, 2024.
Thomas J. Kenny and Loren M. Starr appointed as independent board members effective January 1, 2024.
Joseph A. Boateng and Michal A. Forrester invited to serve as consultants to the Board effective January 1, 2024.
Jack B. Evans and William C. Hunter expected to retire effective December 31, 2023.
Effective April 1, 2022, Doug Baker and Brenda Langenfeld will take over total responsibility for managing the fund, which is named as NYSE: JPC. Thomas Ray and Susi Budiman, who had co-managed the fund with them, will stop managing it and focus on Nuveen's Flexible Income strategy. The filing describes a leadership change in the fund's management team but does not discuss performance or fees.
Doug Baker and Brenda Langenfeld assume total portfolio management responsibility effective April 1, 2022.
The pair manage Nuveen's flagship Preferred Securities and Income strategy and are responsible for $8.6 billion in assets under management.
Thomas Ray and Susi Budiman stop co-managing the fund as of April 1, 2022, and will focus on the Flexible Income strategy.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Nuveen Preferred & Income Opportunities Fund filing is on SEC EDGAR ↗. 8-K briefs of other companies →