Company: NPFD
Filing Date: 2025-04-04
Form Type: N-CSRS
Source: 0001193125-25-073013
Chunk: 222

Company: Nuveen Variable Rate Preferred & Income Fund
Filing Date: 2025-04-04
Form: N-CSRS
Chunk 222
---

Fund,

the

aggregate

NAV

of

which

was

equal

to

the

aggregate

NAV

of

the

common

shares

of

the

Target

Fund

held

immediately

prior

to

the

Merger

(including

for

this

purpose

fractional

Acquiring

Fund

shares

to

which

shareholders

were

entitled).

For

accounting

and

performance

reporting

purposes,

the

Acquiring

Fund

is

the

survivor.

#### 2.

#### Significant

#### Accounting

#### Policies
The

accompanying

### financial
statements

were

prepared

in

accordance

with

accounting

principles

generally

accepted

in

the

United

States

of

America

(“U.S.

GAAP”),

which

may

require

the

use

of

estimates

made

by

### management
and

the

evaluation

of

subsequent

events.

Actual

results

may

differ

from

those

estimates.

Each

Fund

is

an

investment

company

and

follows

accounting

guidance

in

the

### Financial
Accounting

Standards

Board

(“FASB”)

Accounting

Standards

Codification

946,

### Financial
Services

—

Investment

Companies.

The

NAV

for

### financial
reporting

purposes

may

differ

from

the

NAV

for

processing

security

and

shareholder

transactions.

The

NAV

for

### financial
reporting

purposes

includes

security

and

shareholder

transactions

through

the

date

of

the

report.

Total

return

is

computed

based

on

the

NAV

used

for

processing

security

and

shareholder

transactions.

The

following

is

a

summary

of

the

significant

accounting

policies

consistently

followed

by

the

Funds.

#### 80

#### Notes

#### to

### Financial

#### Statements
(continued)

Compensation:

The

Funds pay

no

compensation

directly

to

those

of its

officers,

all

of

whom

receive

remuneration

for

their

services