Company: NPFD
Filing Date: 2025-04-04
Form Type: N-CSRS
Source: 0001193125-25-073013
Chunk: 205

Company: Nuveen Variable Rate Preferred & Income Fund
Filing Date: 2025-04-04
Form: N-CSRS
Chunk 205
---

#### to

#### Common

#### Shareholders

#### Common

#### Share

#### Common

#### Share

#### Net

#### Asset

#### Value,

#### Beginning

#### of

#### Period

#### Net

#### Investment

#### Income
**(NII)

(Loss)

(a)**

#### Net

#### Realized/

#### Unrealized

#### Gain
**(Loss)**

#### Total

#### From

#### NII

#### From

#### Net

#### Realized

#### Gains

#### Return

#### of

#### Capital

#### Total

#### Net

#### Asset

#### Value,

#### End

#### of

#### Period

#### Share

#### Price,

#### End

#### of

#### Period

#### JFR
1/31/25

(d)

$

9.28

$

0.41

$

0.02

$

0.43

$

(0.51)

$

—

$

—

$

(0.51)

$

9.20

$

8.60

7/31/24

9.13

0.89

0.28

1.17

(0.99)

—

(0.03)

(1.02)

9.28

8.82

7/31/23

9.39

0.91

(0.30)

0.61

(0.87)

—

—

(0.87)

9.13

8.08

7/31/22

10.36

0.56

(0.83)

(0.27)

(0.61)

—

(0.09)

(0.70)

9.39

8.84

7/31/21

9.40

0.54

1.04

1.58

(0.62)

—

—

(0.62)

10.36

9.76

7/31/20

11.04

0.60

(1.54)

(0.94)

(0.70)

—

—

(0.70)

9.40

8.03

#### JQC
1/31/25

(d)

5.91

0.25

0.03

0.28

(0.32)

—

—

(0.32)

5.87

5.59

7/31/24

5.83

0.56

0.16

0.72

(0.57)

—

(0.07)

(0.