Company: NPFD
Filing Date: 2025-03-04
Form Type: DEF 14A
Source: 0001193125-25-045745
Chunk: 42

Company: Nuveen Variable Rate Preferred & Income Fund
Filing Date: 2025-03-04
Form: DEF 14A
Chunk 42
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 |     | Vice President and Secretary           |     | Term: Indefinite              
 Length of Service: Since 2008 |     | Vice President and Assistant Secretary of Nuveen Securities, LLC and Nuveen Fund Advisors, LLC; Vice President, Associate General Counsel and Assistant Secretary of Teachers Advisors, LLC and TIAA-CREF                                             
 Investment Management, LLC and Nuveen Asset Management, LLC; Vice President and Associate General Counsel of Nuveen.                                                                                                                                  |

43

| Name, Address              
 and Year of Birth          |     | Position(s)                            
 Held                                   
 with Fund                              |     | Term of                       
 Office and Length of          
 Time Served(1)                |     | Principal Occupation(s)                                                                                                                                                                                                                                                                                                                                                                                                          
 During Past 5 Years(2)                                                                                                                                                                                                                                                                                                                                                                                                           |
| Rachael Zufall             
 8500 Andrew Carnegie Blvd. 
 Charlotte, NC 28262        
 1973                       |     | Vice President and Assistant Secretary |     | Term: Indefinite              
 Length of Service: Since 2022 |     | Managing Director and Assistant Secretary of Nuveen Fund Advisors, LLC; Managing Director, Associate General Counsel and Assistant Secretary of the College Retirement Equities Fund, TIAA Separate Account VA-1, TIAA-CREF Funds and TIAA-CREF Life Funds; Managing Director, Associate General Counsel and Assistant Secretary of Teacher Advisors, LLC and TIAA-CREF Investment Management, LLC; Managing Director of Nuveen, 
 LLC and of TIAA.                                                                                                                                                                                                                                                                                                                                                                                                                 |

| (1) | Length of Time Served indicates the year the individual became an officer of a fund in the Nuveen fund complex. |

| (2) | Information as of March 1, 2025. |

Audit Committee Report

The Audit Committee of each Board is
responsible for the oversight and monitoring of (1) the accounting and reporting policies, processes and practices, and the audit of the financial statements, of each Fund, (2) the quality and integrity of each Fund’s financial
statements and (3) the independent registered public accounting firm’s qualifications, performance and independence. In its oversight capacity, the Audit Committee reviews each Fund’s annual financial statements with both management
and the independent registered public accounting firm and the Audit Committee meets periodically with the independent registered public accounting firm and internal auditors to consider their evaluation of each Fund’s financial and internal
controls. The Audit Committee also selects, retains, evaluates and may replace each