Company: NPFD
Filing Date: 2025-04-04
Form Type: N-CSRS
Source: 0001193125-25-073013
Chunk: 270

Company: Nuveen Variable Rate Preferred & Income Fund
Filing Date: 2025-04-04
Form: N-CSRS
Chunk 270
---
maturity

date

and/or

counterparty

may

accelerate

maturity

upon

pre-

specified

advance

notice.

During

the

current

fiscal

period,

the

average

daily

balance

outstanding

and

average

annual

interest

rate

on

the

Funds’

reverse

repurchase

agreements

were

as

follows:

The

following

table

presents

the

reverse

repurchase

agreements

subject

to

netting

agreements

and

the

collateral

delivered

related

to

those

reverse

repurchase

agreements.

#### 11.

#### Inter-Fund

#### Borrowing

#### and

#### Lending

#### Inter-Fund

#### Borrowing

#### and
Lending:

The

SEC

has

granted

an

exemptive

order

permitting

registered

open-end

and

closed-end

Nuveen

funds

to

participate

in

an

inter-fund

lending

facility

whereby

the

Nuveen

funds

may

directly

lend

to

and

borrow

money

from

each

other

for

temporary

purposes

(e.g.,

to

satisfy

redemption

requests

or

when

a

sale

of

securities

“fails,”

resulting

in

an

unanticipated

cash

shortfall)

(the

“Inter-Fund

Program”).

The

closed-end

Nuveen

funds,

including

the

Funds

covered

by

this

shareholder

report,

will

participate

only

as

lenders,

and

not

as

#### JPC

#### JPI
Rehypothecation

Fees

$130,062

$16,736

#### Fund

#### Counterparty

#### Rate

#### Principal

#### Amount

#### Maturity

#### Value

#### Value

#### and

#### Accrued

#### Interest

#### JQC
Societe

Generale

SA

Daily

SOFR

plus

0.85%

$

(142,000,000)

4/01/28

$

(142,000,000)

$

(142,674,342)

#### JPC
BNP

Paribas

SA

5.13%

(319,