Nuveen Variable Rate Preferred & Income Fund
Generates high income from variable rate preferred securities issued by banks and utilities.
NPFD | NYSE
Overview
Corporate Details
- ISIN(s):
- US67080R1023
- LEI:
- Country:
- United States of America
- Address:
- 333 W. WACKER DR., 60606 CHICAGO
- Website:
- https://www.nuveen.com/en-us/closed-end-funds/npfd-nuveen-variable-rate-preferred-and-income-fund
- Sector:
- Mining and quarrying
- Industry:
- Extraction of natural gas
Description
Nuveen Variable Rate Preferred & Income Fund (NPFD) is a closed-end fund designed to provide a high level of current income and total return. The Fund's strategy focuses on investing in a diversified portfolio of primarily investment-grade, variable rate preferred securities and other variable rate income-producing instruments. It targets high-quality, regulated issuers such as banks, utilities, and insurance companies, with a significant concentration in the financial services sector. Key features include an emphasis on variable rate securities to mitigate interest rate risk and the potential for tax-advantaged monthly income through distributions treated as Qualified Dividend Income (QDI). The Fund utilizes leverage to enhance potential returns and operates with a limited term structure, set to terminate in 2034, with provisions for extension.
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Filings
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Market Data
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Financials & KPIs
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Insider Transactions
| Date | Insider Name | Position | Type | Shares | Value |
|---|---|---|---|---|---|
| No insider transactions recorded for this company. | |||||