Nuveen Preferred & Income Securities Fund

0001193125-22-255415.txt : 20220930 0001193125-22-255415.hdr.sgml : 20220930 20220930154049 ACCESSION NUMBER: 0001193125-22-255415 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20220930 DATE AS OF CHANGE: 20220930 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Nuveen Preferred & Income Securities Fund CENTRAL INDEX KEY: 0001176433 IRS NUMBER: 431969047 STATE OF INCORPORATION: MA FILING VALUES: FORM TYPE: 424B3 SEC ACT: 1933 Act SEC FILE NUMBER: 333-254472 FILM NUMBER: 221283821 BUSINESS ADDRESS: STREET 1: 333 WEST WACKER DRIVE CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: 3129178146 MAIL ADDRESS: STREET 1: 333 WEST WACKER DRIVE CITY: CHICAGO STATE: IL ZIP: 60606 FORMER COMPANY: FORMER CONFORMED NAME: Nuveen Preferred Securities Income Fund DATE OF NAME CHANGE: 20160509 FORMER COMPANY: FORMER CONFORMED NAME: NUVEEN QUALITY PREFERRED INCOME FUND 2 DATE OF NAME CHANGE: 20020627 424B3 1 d392624d424b3.htm NUVEEN PREFERRED & INCOME SECURITIES FUND Nuveen Preferred & Income Securities Fund

Filed Pursuant to Rule 424(b)(3)

File No. 333-254472

NUVEEN PREFERRED & INCOME SECURITIES FUND (NYSE: JPS)

(THE “FUND”)

SUPPLEMENT DATED SEPTEMBER 30, 2022

TO THE FUND’S STATEMENT OF ADDITIONAL INFORMATION (“SAI”)

DATED MARCH 18, 2021, AS SUPPLEMENTED

The section of the Fund’s SAI entitled “The Fund’s Investments – Segregation of Assets” is hereby deleted in its entirety. As a general matter, to the extent the SAI otherwise discusses the Fund’s obligation to segregate assets with respect to its investments in derivative instruments, such disclosure is hereby deleted and, instead, the Fund will comply with the applicable investment limitations and requirements of Rule 18f-4 under the 1940 Act.

Additionally, the second paragraph under the section of the SAI entitled “The Fund’s Investments – Derivatives” is hereby deleted and replaced with the following:

The use of derivative instruments is subject to applicable regulations of the SEC, the CFTC, various state regulatory authorities and, with respect to exchange-traded derivatives, the several exchanges upon which they are traded. Under Rule 18f-4 under the 1940 Act, a registered investment company’s derivatives exposure, which includes short positions for this purpose, is limited through a value-at-risk test and Rule 18f-4 requires the adoption and implementation of a derivatives risk management program for certain derivatives users. However, subject to certain conditions, limited derivatives users (as defined in Rule 18f-4) are not subject to the full requirements of Rule 18f-4. Rule 18f-4 could limit the Fund’s ability to engage in certain derivatives transactions and/or increase the costs of such derivatives transactions, which could adversely affect the value or performance of the Fund. Moreover, there may be asset coverage requirements for certain arrangements. In order to engage in certain transactions in derivatives, the Fund may be required to hold offsetting positions or to hold cash or liquid securities in a segregated account or designated on the Fund’s books. Changes in the value of a derivative may also create margin delivery or settlement payment obligations for the Fund. In addition, the Fund’s ability to use derivative instruments may be limited by tax considerations.

The disclosure under the section of the SAI entitled “Net Asset Value” is hereby deleted and replaced with the following:

The Fund’s NAV is determined as set forth in its Prospectus under “Net Asset Value.” Notwithstanding anything to the contrary in the Prospectus, the Fund’s determination of NAV will comply with Rule 2a-5 under the 1940 Act.

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FUND’S SAI FOR FUTURE REFERENCE