Company: NPFD
Filing Date: 2025-03-04
Form Type: DEF 14A
Source: 0001193125-25-045745
Chunk: 30

Company: Nuveen Variable Rate Preferred & Income Fund
Filing Date: 2025-03-04
Form: DEF 14A
Chunk 30
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 and service providers) and, if
qualifying as an Independent Board Member candidate, independence from the Adviser, sub-advisers, underwriters and other service providers, including any affiliates of these entities. These skill and
experience requirements may vary depending on the current composition of the Board, since the goal is to ensure an appropriate range of skills, diversity and experience, in the aggregate. Accordingly, the particular factors considered and weight
given to these factors will depend on the composition of the Board and the skills and backgrounds of the incumbent Board Members at the time of consideration of the nominees. All candidates, however, must meet high expectations of personal
integrity, independence, governance experience and professional competence. All candidates must be

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willing to be critical within the Board and with Fund management and yet maintain a collegial and collaborative manner toward other Board Members. The Nominating and Governance Committee operates
under a written charter adopted and approved by the Board, a copy of which is available on the Funds’ website at https://www.nuveen.com/fundgovernance, and is composed entirely of Independent Board Members, who are also “independent”
as defined by NYSE or NASDAQ listing standards. Accordingly, the members of the Nominating and Governance Committee are Mr. Young, Chair, Mr. Boateng (for all Funds other than Core Plus Impact, Multi-Asset Income, Multi-Market Income, Real
Asset and Variable Rate Preferred & Income), Mr. Forrester (for all Funds other than Core Plus Impact, Multi-Asset Income, Multi-Market Income, Real Asset and Variable Rate Preferred & Income), Mr. Kenny,
Ms. Lancellotta, Ms. Medero, Mr. Moschner, Mr. Nelson, Mr. Starr (for all Funds other than Multi-Market income), Mr. Thornton, Mr. Toth and Ms. Wolff. The number of Nominating and Governance Committee meetings
of each Fund held during its last fiscal year is shown in .

Investment Committee. The Investment Committee is responsible for the oversight
of Fund performance, investment risk management and other portfolio-related matters affecting the Funds which are not otherwise the jurisdiction of the other Board committees. As part of such oversight, the Investment Committee reviews each
Fund’s investment performance and investment risks, which may include, but is not limited to, an evaluation of Fund performance relative to investment objectives, benchmarks and peer group; a review of risks related to portfolio investments,
such as exposures to particular issuers, market