Company: NPFD
Filing Date: 2025-10-03
Form Type: N-CSR
Source: 0001193125-25-230111
Chunk: 16

Company: Nuveen Variable Rate Preferred & Income Fund
Filing Date: 2025-10-03
Form: N-CSR
Chunk 16
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, where applicable, represents the annualized rate of the last PIK payment made by the issuer as of 
 the end of the reporting period.                                                                                                                                                                                                                          |

| SOFR30A | 30 Day Average Secured Overnight Financing Rate |

| SOFR90A | 90 Day Average Secured Overnight Financing Rate |

| TBD | Senior loan purchased on a when-issued or delayed-delivery basis. Certain details associated with this purchase are                                                                                                                              
 not known prior to the settlement date of the transaction. In addition, senior loans typically trade without accrued interest and therefore a coupon rate is not available prior to settlement. At settlement, if still unknown, the borrower or 
 counterparty will provide the Fund with the final coupon rate and maturity date.                                                                                                                                                                 |

| TSFR1M | CME Term Secured Overnight Financing Rate 1 Month |

| TSFR3M | CME Term Secured Overnight Financing Rate 3 Month |

| TSFR6M | CME Term Secured Overnight Financing Rate 6 Month |

| (a) | Floating or variable rate security includes the reference rate and spread, unless the variable rate is based on the 
 underlying asset of the security. Coupon rate reflects the rate at period end.                                      |

| (b) | Security is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities are                                                                                                                                   
 deemed liquid and may be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers. As of the end of the reporting period, the aggregate value of these securities is $198,943,477 or 
 8.7% of Total Investments.                                                                                                                                                                                                                             |

| (c) | Non-income producing; issuer has not declared an ex-dividend date within the past twelve months. |

| (d) | For fair value measurement disclosure purposes, investment classified as Level 3. |

| (e) | When-issued or delayed delivery security. |

| (f) | Investment, or portion of investment, represents an outstanding unfunded senior loan commitment. |

| (g) | Portion of investment purchased on a delayed delivery basis. |

| (h) | Defaulted security. A security whose issuer has failed to fully pay principal and/or interest when due, or is under 
 the protection of bankruptcy.                                                                                       |

| (i) | The rate shown is the annualized seven-day subsidized yield as of end of the 
 reporting period.                                                            |

| (j) | Borrow