Company: NPFD
Filing Date: 2025-04-04
Form Type: N-CSRS
Source: 0001193125-25-073013
Chunk: 259

Company: Nuveen Variable Rate Preferred & Income Fund
Filing Date: 2025-04-04
Form: N-CSRS
Chunk 259
---

1,2030

VRM

#### JQC
A

140,000

$

140,000,000

July

1,

2032

VRDM

#### JPC
A

150,000

$

150,000,000

August

1,

2037

VRDM

B

270,000

270,000,000

July

1,

2032

VRDM

#### NPFD
A

85,000

$

85,000,000

February

1,

2034

VRDM

#### JFR

#### JQC

#### JPC

#### NPFD
Average

liquidation

preference

of

TFP

Shares

outstanding

$285,000,000

$140,000,000

$420,000,000

$85,000,000

Average

dividend

rate

5.46%

5.05%

5.05%

5.04%

#### Year

#### Ended

#### July

#### 31,

#### 2024

#### JFR

#### Series

#### Shares

#### Amount
TFP

Shares

Issued

A

70,000

$70,000,000

TFP

Shares

Redeemed

C

(70,000)

(70,000,000)

#### Year

#### Ended

#### July

#### 31,

#### 2024

#### JPC

#### Series

#### Shares

#### Amount
TFP

Shares

Issued*

B

270,000

$270,000,000

#### Fund

#### Tax

#### Cost

#### Gross

#### Unrealized

#### Appreciation

#### Gross

#### Unrealized
**(Depreciation)**

#### Net

#### Unrealized

#### Appreciation
**(Depreciation)**

#### JFR
$

2,093,068,581

$

43,965,470

$

(77,089,710)

$

(33,124,240)

#### JQC
1,314,057,234

29,482,071

(36,546,502)

(7,064,431)

#### JPC
4,101,517,493

122,059,279

(101,296,550)

20,762,729

#### JPI
462,339,295

12,831,200

(29,598,205)

(16,767,005)

#### NPFD
803,989,301