Nuveen Variable Rate Preferred & Income Fund is a US-based company operating in the industry. The company is headquartered in Chicago, Illinois. The company went IPO on 2021-12-16. Nuveen Variable Rate Preferred & Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is to provide a high level of current income and total return. The Fund invests at least 80% of its Assets in variable rate preferred securities and other variable rate income producing securities. The Fund invests at least 50% of its Managed Assets in securities that are rated investment grade or are unrated but judged to be of comparable quality by the Fund’s sub-adviser. The Fund may invest up to 20% of its Managed Assets in contingent capital securities or contingent convertible securities. The Fund may invest up to 15% of its Managed Assets in companies located in emerging market countries. The Fund will invest more than 25% of its Managed Assets in the securities of companies principally engaged in the financial services sector. The investment adviser of the Fund is Nuveen Fund Advisors, LLC.
Follow-Up Questions
What is Nuveen Variable Rate Preferred & Income Fund (NPFD)'s P/E Ratio?
The P/E ratio of Nuveen Variable Rate Preferred & Income Fund is 7.3905
What is the price performance of NPFD stock?
The current price of NPFD is $19.95, it has decreased 0% in the last trading day.
What are the primary business themes or industries for Nuveen Variable Rate Preferred & Income Fund?
Nuveen Variable Rate Preferred & Income Fund belongs to N/A industry and the sector is N/A
What is Nuveen Variable Rate Preferred & Income Fund market cap?
Nuveen Variable Rate Preferred & Income Fund's current market cap is $481.9M
