Fund Description: Nuveen Floating Rate Income Opportunity Fund is a diversified, closed-end management investment company. The Fund's investment objective is to achieve a high level of current income. Under normal market circumstances, the Fund will invest at least 80% of its Managed Assets in adjustable rate loans, primarily secured senior loans. As part of the 80% requirement, the Fund also may invest in unsecured senior loans and secured and unsecured subordinated loans. The Fund will invest at least 65% of its Managed Assets in adjustable rate senior loans that are secured by specific collateral. The Fund may invest a substantial portion of its Managed Assets in adjustable rate loans and other debt instruments that are, at the time of investment, rated below investment grade or unrated but judged to be of comparable quality. The Fund's investment advisor is Nuveen Advisory Corp.