Company: NPFD
Filing Date: 2025-04-04
Form Type: N-CSRS
Source: 0001193125-25-073013
Chunk: 197

Company: Nuveen Variable Rate Preferred & Income Fund
Filing Date: 2025-04-04
Form: N-CSRS
Chunk 197
---
038‌

(

4,983,982‌

)

11,077,811‌

Net

assets

applicable

to

common

shares

at

the

beginning

of

the

period

1,244,022,600‌

1,224,551,562‌

801,035,366‌

789,957,555‌

#### Net

#### assets

#### applicable

#### to

#### common

#### shares

#### at

#### the

#### end

#### of

#### the

#### period
**$**

#### 1,233,304,898‌
**$**

#### 1,244,022,600‌
**$**

#### 796,051,384‌
**$**

#### 801,035,366‌
See

Notes

to

### Financial
Statements

#### 67

#### JPC

#### JPI

#### 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)

$

70,436,281‌

$

106,326,517‌

$

8,922,242‌

$

24,546,634‌

Net

realized

gain

(loss)

16,752,988‌

(

35,265,792‌

)

539,858‌

(

5,862,811‌

)

Net

change

in

unrealized

appreciation

(depreciation)

33,946,550‌

310,419,011‌

4,394,122‌

42,581,549‌

Net

increase

(decrease)

in

net

assets

applicable

to

common

shares

from

### operations
121,135,819‌

381,479,736‌

13,856,222‌

61,265,372‌

### DISTRIBUTIONS

#### TO

### COMMON

### SHAREHOLDERS
Dividends

(

127,600,086‌

)

(

152,486,748‌

)

(

13,088,225‌

)

(

25,243,405‌

)

Return

of

Capital

–‌

–‌