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Nuveen Variable Rate Preferred & Income Fund (NPFD)

Specialty Equity Funds - Preferred Equity

Data as of May 27, 2022
Current
Market Price $19.78 (+ $0.66)
NAV (May 27, 2022) $21.28 (+ $0.25)
Fund Listed NYSE
Premium / Discount -7.05% (+2.03%)
Fund Info
Inception Dec. 15, 2021
Sponsor Nuveen Fund Advisors
Website https://www.nuveen.com...
Phone 800.257.8787
NAV Symbol XNPFX
Location Illinois
Incorporated Massachusetts
Staggered Board Yes
Objective: High level of current income and total return by investing in a portfolio of variable rate preferred securities and other variable rate income producing securities.
Related Indexes
Preferred Equity Index
Capital & Leverage
Outstanding Shares 24,164,141
Total Assets (Reported: March 30, 2022) $865M
Estimated Total Assets $804M
Net Assets $514M
Market Cap $478M
Portfolio Turnover 9.00%
Total Leverage 36.06%
Structural Leverage (out of total) 65.45%
Portfolio Leverage (out of total) 34.55%
Expense Ratio 1.59%
Non Lev Exp Ratio 1.34%
Rel Lev Cost 0.44%
Discount Data
Average Discount (3 Yr) %
Discount Low(3 Yr) -11.44%
Discount High(3 Yr) 6.78%
Discount Rel Range 24.08%
Comp Discount -5.92
Discount St Dev (1Yr)
Z-Stat
Z-Stat (6mo)
Z-Stat (1Yr)
Z-Stat (3Yr)
Comp Z-Stat (6mo)
Comp Z-Stat (3Yr)
Distribution Data
Market Yield 8.37%
Income Yield 8.37%
Lev Adj NAV Yield 5.72%
Distribution Frequency M
Current Distribution $0.138
Current Income $0.138
Ex-Date 5/12/22
Payable Date 6/1/22
Div Growth (3yr) %
Dividend Change % on
Expected Div 6/1/22
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Volume & Liquidity
Average Daily $ (K) $1,306
Avg Volume 30 day 83,035
Avg Volume 90 day 66,034
Volume Trend 25.75%
Comp Volume Trend 16.58%
Correlation & Volatility
NAV - Price Correlation (30 d) 96.5%
NAV - Price Correlation (90 d) 94.7%
NAV - Price Correlation (1 Yr) %
Price St Dev (1Yr) %
NAV St Dev (1Yr) %
Earnings
Earnings / Share (1/31/22) $0.045
Earn Coverage 32.83%
Earnings Trend None
UNII / Share (1/31/22) $0.068
Rel UNII 4.10
UNII Trend None
Performance
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's Preferred Equity Index

DISCLOSURES:

CEFData.com makes data for the universe of closed-end funds (CEFs) and business development companies (BDCs) available to its users. This material is not intended to be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice. This site does not list all the risks associated with each fund. Investors should contact a fund’s sponsor for fund-specific risk information and/or contact a financial advisor before investing.

NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

This material is presented for informational purposes only. Under no circumstances is it to be considered an offer to sell, or a solicitation to buy any investment referred to on this page. While the information contained herein is from sources believed reliable, we do not represent that it is accurate or complete and it should not be relied upon as such. Past performance is not necessarily indicative of future results. All investments involve risk including the loss of principal. Returns are presented gross of investment management fees and other appropriate fees (i.e. commissions, custodial fees, etc.).

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