Company: NPFD
Filing Date: 2025-04-04
Form Type: N-CSRS
Source: 0001193125-25-073013
Chunk: 219

Company: Nuveen Variable Rate Preferred & Income Fund
Filing Date: 2025-04-04
Form: N-CSRS
Chunk 219
---
(JFR)

Nuveen

Credit

Strategies

Income

Fund

(JQC)

Nuveen

Preferred

&

Income

Opportunities

Fund

(JPC)

Nuveen

Preferred

Securities

&

Income

Opportunities

Fund

(JPI)

(formerly

Nuveen

Preferred

and

Income

Term

Fund)

Nuveen

Variable

Rate

Preferred

&

Income

Fund

(NPFD)

The

Funds

are

registered

under

the

Investment

Company

Act

of

1940

(the

“1940

Act”),

as

amended,

as

closed-end

### management
investment

companies.

JFR,

JQC,

JPC,

JPI

and

NPFD

were

each

organized

as

Massachusetts

### business
trusts

on

January

15,

2004,

March

17,

2003,

January

27,

2003,

April

18,

2012

and

June

1,

2021,

respectively.

#### Current

#### Fiscal
Period:

The

end

of

the

reporting

period

for

the

Funds

is

January

31,

2025,

and

the

period

covered

by

these

Notes

to

### Financial
Statements

is

the

six

months

ended

January

31,

2025

(the

“current

fiscal

period”).

#### Investment

#### Adviser

#### and
Sub-Adviser:

The

Funds’

investment

adviser

is

Nuveen

Fund

Advisors,

LLC

(the

“Adviser”),

a

subsidiary

of

Nuveen,

LLC

(“Nuveen”).

Nuveen

is

the

investment

### management
arm

of

Teachers

Insurance

and

Annuity

Association

of

America

(TIAA).

The

Adviser

has

overall

responsibility

for

### management
of

the

Funds,

oversees

the

### management
of

the

Funds’

portfolios,

manages

the

Funds’

### business
affairs

and

provides

certain

clerical,

bookkeeping

and

other

administrative

services,

and,

if

necessary,

asset

allocation