Company: NPFD
Filing Date: 2025-10-03
Form Type: N-CSR
Source: 0001193125-25-230111
Chunk: 30

Company: Nuveen Variable Rate Preferred & Income Fund
Filing Date: 2025-10-03
Form: N-CSR
Chunk 30
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 | ) |     |      |  (54,569,788 | ) |
| Net increase (decrease) in cash, cash denominated in foreign currencies and cash collateral at brokers |     |     |    2,096,486 |   |     |     |      230,669 |   |     |     |     19,242,700 |   |     |     |    2,209,292 |   |     |      |       39,312 |   |

See Notes to Financial Statements 74

| Year Ended July 31, 2025                                                                         |     | JFR |           |     | JQC |         |     | JPC |            |     | JPI |           |     | NPFD |         |
|:-------------------------------------------------------------------------------------------------|:----|:----|----------:|:----|:----|--------:|:----|:----|-----------:|:----|:----|----------:|:----|:-----|--------:|
| Cash and cash denominated in foreign currencies at the beginning of period                       |     |     | 2,370,612 |     |     | 277,536 |     |     |     48,947 |     |     |         — |     |      | 100,436 |
| Cash, cash denominated in foreign currencies and cash collateral at brokers at the end of period |     | $   | 4,467,098 |     | $   | 508,205 |     | $   | 19,291,647 |     | $   | 2,209,292 |     | $    | 139,748 |

The following table provides a reconciliation of cash, cash denominated in foreign currencies and cash collateral at brokers to the Statement of Assets and Liabilities:

|                                                                                   |     |   |       JFR |     |   |     JQC |     |   |        JPC |     |   |       JPI |     |   |    NPFD |
|:----------------------------------------------------------------------------------|:----|:--|----------:|:----|:--|--------:|:----|:--|-----------:|:----|:--|----------:|:----|:--|--------:|
| Cash                                                                              |     | $ | 4,467,098 |     | $ | 508,188 |     | $ | 15,717,343 |     | $ | 2