Company: NPFD
Filing Date: 2025-03-04
Form Type: DEF 14A
Source: 0001193125-25-045745
Chunk: 11

Company: Nuveen Variable Rate Preferred & Income Fund
Filing Date: 2025-03-04
Form: DEF 14A
Chunk 11
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 Credit Opportunities, 
 Preferred & Income Opportunities and Virginia Municipal:                                                              |

| (i) | three (3) Board Members are to be elected by holders of Common and Preferred Shares, voting together as a single                                                                                                                                  
 class. Current Board Members Forrester, Kenny and Young are Class I Board Members and are nominees for election at the Annual Meeting to serve for a term expiring at the 2028 annual meeting of shareholders or until their successors have been 
 duly elected and qualified. Board Members Boateng, Lancellotta, Medero, Nelson, Starr, Thornton and Toth are current and continuing Board Members. Current Board Members Boateng, Lancellotta, Nelson and Toth are Class II Board Members with a  
 term expiring at the 2026 annual meeting of shareholders or until their successors have been duly elected and qualified. Current Board Members Medero, Starr and Thornton are Class III Board Members with a term expiring at the 2027 annual     
 meeting of shareholders or until their successors have been duly elected and qualified.                                                                                                                                                           |

| (ii) | two (2) Board Members are to be elected by holders of Preferred Shares, voting separately as a single class. Current                                                                                     
 Board Members Moschner and Wolff are nominees for election by holders of Preferred Shares for a term expiring at the next annual meeting or until their successors have been duly elected and qualified. |

| (b) | For Core Plus Impact and Variable Rate Preferred & Income: |

| (i) | five (5) Board Members are to be elected by holders of Common and Preferred Shares, voting together as a single                                                                                                                                     
 class. Current Board Members Kenny and Young are Class I Board Members and are nominees for election at the Annual Meeting to serve for a term expiring at the 2028 annual meeting of shareholders or until their successors have been duly elected 
 and qualified. Current Board Members Medero, Starr and Thornton are Class III Board Members and are nominees for election at the Annual Meeting to serve for a term expiring at the 2027 annual meeting of shareholders or until their successors   
 have been duly elected and qualified. Board Members Lancellotta, Nelson and Toth are current and continuing Board Members and are Class II Board Members with a term expiring at the 2026 annual meeting of shareholders or until their successors  
 have been duly elected and qualified.                                                                                                                                                                                                               |

7

| (ii) | two (2) Board Members are to be elected by holders of Preferred Shares, voting separately as a single class. Current