Company: NPFD
Filing Date: 2025-04-04
Form Type: N-CSRS
Source: 0001193125-25-073013
Chunk: 277

Company: Nuveen Variable Rate Preferred & Income Fund
Filing Date: 2025-04-04
Form: N-CSRS
Chunk 277
---
other

holders

of

Rights

at

the

Subscription

Price,

subject

to

the

right

of

the

Board

to

eliminate

this

over-subscription

privilege.

Investors

who

are

not

Record

Date

Shareholders

but

who

otherwise

acquire

Rights

in

the

secondary

market

are

not

entitled

to

participate

in

the

over-subscription

privilege.

If

these

requests

exceed

available

Common

Shares,

they

will

be

allocated

pro

rata

among

those

fully

exercising

Record

Date

Shareholders

who

over-subscribe

based

on

the

number

of

Rights

originally

issued

to

them

by

the

Fund.

Rights

are

transferable

and

are

expected

to

be

admitted

for

trading

on

the

NYSE

under

the

symbol

“JQC

RTWI”

initially

trading

“when-

issued”

on

March

28,

2025.

The

Rights

will

begin

trading

with

regular

settlement

under

the

symbol

“JQC

RT”

on

or

about

April

2,

2025,

and

will

cease

trading

at

the

close

on

April

28,

2025,

one

day

before

the

Offer’s

Expiration

Date.

During

this

time,

Record

Date

Shareholders

may

also

choose

to

sell

their

Rights.

More

details

about

the

Fund’s

rights

offering

are

available

on

www.nuveen.com/cef.

#### JPC

#### and

#### JPI
#### –

#### Fund
Reorganization:

On

March

19,

2025,

the

merger

of

JPI

into

JPC

was

approved

by

the

Board.

The

merger

is

pending

shareholder

approval

and

satisfying

other

closing

conditions.

#### 98

#### Additional

#### Fund

#### Information
**(U**

#### naudited)

#### Portfolio

#### of

#### Investments

#### Information
Each

Fund

is

required

to

file

its

complete