Company: NPFD
Filing Date: 2025-04-04
Form Type: N-CSRS
Source: 0001193125-25-073013
Chunk: 196

Company: Nuveen Variable Rate Preferred & Income Fund
Filing Date: 2025-04-04
Form: N-CSRS
Chunk 196
---
954‌
**$**

#### 38,953,428‌
**$**

#### 121,135,819‌
**$**

#### 13,856,222‌
**$**

#### 23,187,237‌

#### Statement

#### of

#### Changes

#### in

#### Net

#### Assets
See

Notes

to

### Financial
Statements

#### 66

#### JFR

#### JQC

#### Unaudited

#### Six

#### Months

#### Ended

#### 1/31/25

#### Year

#### Ended

#### 7/31/24

#### Unaudited

#### Six

#### Months

#### Ended

#### 1/31/25

#### Year

#### Ended

#### 7/31/24

### OPERATIONS
Net

investment

income

(loss)

$

54,802,538‌

$

119,060,019‌

$

33,774,846‌

$

75,281,341‌

Net

realized

gain

(loss)

319,601‌

(

17,276,337‌

)

(

4,285,433‌

)

(

18,940,185‌

)

Net

change

in

unrealized

appreciation

(depreciation)

2,528,815‌

54,424,668‌

9,464,015‌

41,730,015‌

Net

increase

(decrease)

in

net

assets

applicable

to

common

shares

from

### operations
57,650,954‌

156,208,350‌

38,953,428‌

98,071,171‌

### DISTRIBUTIONS

#### TO

### COMMON

### SHAREHOLDERS
Dividends

(

68,368,656‌

)

(

132,318,523‌

)

(

43,937,410‌

)

(

77,350,572‌

)

Return

of

Capital

–‌

(

4,418,789‌

)

–‌

(

9,642,788‌

)

Total

distributions

(

68,368,656‌

)

(

136,737,312‌

)

(

43,937,410‌

)

(

86,993,360‌

)

Net

increase

(decrease)

in

net

assets

applicable

to

common

shares

(

10,717,702‌

)

19,471,