Company: NPFD
Filing Date: 2025-10-03
Form Type: N-CSR
Source: 0001193125-25-230111
Chunk: 31

Company: Nuveen Variable Rate Preferred & Income Fund
Filing Date: 2025-10-03
Form: N-CSR
Chunk 31
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,209,292 |     | $ | 139,748 |
| Cash denominated in foreign currencies                                            |     |   |         — |     |   |      17 |     |   |          — |     |   |         — |     |   |       — |
| Cash collateral at broker for investments in futures contracts                    |     |   |         — |     |   |       — |     |   |  3,574,304 |     |   |         — |     |   |       — |
| Total cash, cash denominated in foreign currencies and cash collateral at brokers |     | $ | 4,467,098 |     | $ | 508,205 |     | $ | 19,291,647 |     | $ | 2,209,292 |     | $ | 139,748 |

| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION                                            |     |   |        JFR |     |   |        JQC |     |   |        JPC |     |   |       JPI |     |   |       NPFD |
|:--------------------------------------------------------------------------------------------|:----|:--|-----------:|:----|:--|-----------:|:----|:--|-----------:|:----|:--|----------:|:----|:--|-----------:|
| Cash paid for interest (excluding borrowing and amortization of offering costs)             |     | $ | 41,941,982 |     | $ | 27,042,943 |     | $ | 82,125,934 |     | $ | 8,947,598 |     | $ | 14,681,095 |
| Non-cash financing activities not included herein consists of reinvestments of common share 
 distributions                                                                               |     |   |          — |     |   |          — |     |   |  1,251,009 |     |   |   397,265 |     |   |          — |

See Notes to Financial Statements 75

Financial Highlights The following data is for a common share outstanding for each fiscal year end unless otherwise noted:

|         |     |                     |       |     | Investment Operations |       |     |             |         |     |       |       |     |      |         |   |     | Less Distributions to 
 Common Shareholders   |     |                |    |     |           |         |     |       |