Company: NPFD
Filing Date: 2025-04-04
Form Type: N-CSRS
Source: 0001193125-25-073013
Chunk: 8

Company: Nuveen Variable Rate Preferred & Income Fund
Filing Date: 2025-04-04
Form: N-CSRS
Chunk 8
---
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.

#### Common

#### Share

#### Information

#### 5

### COMMON
SHARE

### DISTRIBUTION

### INFORMATION
The

following

information

regarding

each

Fund’s

distributions

is

current

as

of

January

31,

2025

.

Each

Fund’s

distribution

policy,

which

may

be

changed

by

the

Board,

is

to

make

regular

monthly

cash

distributions

to

holders

of

its

common

shares

(stated

in

terms

of

a

fixed

cents

per

common

share

dividend

distribution

rate

which

may

be

set

from

time

to

time).

Each

Fund

intends