Nuveen Preferred and Income Term Fund of Beneficial Interest (JPI)

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Nuveen Preferred and Income Term Fund (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is to provide a high level of current income and total return. The Fund seeks to achieve its investment objective by investing in preferred securities and other income-producing securities. The Fund invests in various sectors, including banks, insurance, capital markets, diversified financial services, food products and other. The Fund invests in various regions, such as the United States, the United Kingdom, France, Switzerland and Australia. The Fund will focus on securities issued by financial and insurance firms. The Fund's investment advisor and fund manager is Nuveen Fund Advisors, LLC.