Nuveen Variable Rate Preferred & Income Fund — Investor Relations & Filings

Nuveen Variable Rate Preferred & Income Fund is a closed-end management investment company with the primary objective of providing a high level of current income and total return. The fund invests at least 80% of its managed assets in a portfolio composed primarily of investment-grade, variable-rate preferred securities and other variable-rate income-producing securities. These securities are typically issued by high-quality, regulated companies, with over 25% of assets invested in the financial services sector. The fund's focus on variable-rate securities aims to reduce price sensitivity to interest rate changes. It seeks to provide tax-advantaged income, with distributions expected to be treated as Qualified Dividend Income (QDI). The fund utilizes leverage, is structured with a limited term, and may also invest in contingent capital securities and U.S. dollar-denominated emerging market securities.