Nuveen Variable Rate Preferred & Income Fund Declares Initial Distribution and Releases Fund Commentary
January 13 2022 - 3:52PM
Business Wire
The Nuveen Variable Rate Preferred & Income Fund (NYSE:
NPFD) declared its initial monthly distribution of $0.1380 per
share. The fund began trading on the NYSE on December 16, 2021.
The following dates apply to today’s monthly distribution
declaration:
Record Date
February 15, 2022
Ex-Dividend Date
February 14, 2022
Payable Date
March 1, 2022
Ticker
Exchange
Fund Name
Monthly
Distribution
Amount
Per Share
Distribution
Rate on
$25 IPO Price
NPFD
NYSE
Nuveen Variable Rate Preferred &
Income Fund
$0.1380
6.62%
For an update on the Fund’s current portfolio positioning please
see the NPFD commentary. You can also subscribe to closed-end fund
fact sheets, commentaries, distribution announcements, and other
fund literature on Nuveen’s website.
Nuveen is a leading sponsor of closed-end funds (CEFs) with $65
billion of assets under management across 62 CEFs as of 30
September 2021. The funds offer exposure to a broad range of asset
classes and are designed for income-focused investors seeking
regular distributions. Nuveen has over 30 years of experience
managing CEFs.
For more information, please visit Nuveen’s CEF homepage
www.nuveen.com/closed-end-funds or contact:
Financial Professionals 800-752-8700
Investors 800-257-8787
Media media-inquiries@nuveen.com
About Nuveen
Nuveen, the investment manager of TIAA, offers a comprehensive
range of outcome-focused investment solutions designed to secure
the long-term financial goals of institutional and individual
investors. Nuveen has $1.2 trillion in assets under management as
of 30 September 2021 and operations in 27 countries. Its investment
specialists offer deep expertise across a comprehensive range of
traditional and alternative investments through a wide array of
vehicles and customized strategies. For more information, please
visit www.nuveen.com.
Nuveen Securities, LLC, member FINRA and SIPC.
The information contained on the Nuveen website is not a part of
this press release.
FORWARD LOOKING STATEMENTS
Certain statements made in this release are forward-looking
statements. Actual future results or occurrences may differ
significantly from those anticipated in any forward-looking
statements due to numerous factors. These include, but are not
limited to:
- market developments;
- legal and regulatory developments; and
- other additional risks and uncertainties.
Nuveen and the closed-end funds managed by Nuveen and its
affiliates undertake no responsibility to update publicly or revise
any forward-looking statement.
EPS-1985797PR-E0122X
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version on businesswire.com: https://www.businesswire.com/news/home/20220113005915/en/
Financial Professionals 800-752-8700
Investors 800-257-8787
Media media-inquiries@nuveen.com
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