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Nuveen Variable Rate Preferred & Income Fund
NPFD

$18.86
0.11%

Market Cap: $456M

 

About: Nuveen Variable Rate Preferred&Income is a newly organized, diversified, closed-end management investment company. The Fund's investment objective is to seek to provide a high level of current income and total return.

0
Funds holding %
of 6,710 funds
–
Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

111% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 9

20% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 5

2% more funds holding

Funds holding: 41 [Q1] → 42 (+1) [Q2]

6.63% less ownership

Funds ownership: 45.35% [Q1] → 38.71% (-6.63%) [Q2]

12% less capital invested

Capital invested by funds: $196M [Q1] → $172M (-$24.4M) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for NPFD.

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Financial journalist opinion

Positive
Seeking Alpha
1 month ago
NPFD: Preferred Exposure And Big Distribution Increase
NPFD is a closed-end fund offering exposure to preferred and income securities, with a recent distribution increase sparking the discount to narrow. Distribution coverage is weak, but seeing the discount narrow substantially was the main positive from that move anyway, which was likely driven by Saba's involvement. Distribution coverage could also improve in a lower-rate environment, which is an added catalyst moving forward.
NPFD: Preferred Exposure And Big Distribution Increase
Neutral
Business Wire
3 months ago
Nuveen Closed-End Funds Declare Distributions
NEW YORK--(BUSINESS WIRE)--Several Nuveen closed-end funds have declared distributions. These funds represent investment strategies for investors seeking diversified sources of cash flow to prepare for and sustain their retirement income needs. For further information regarding fund distributions, including earnings, undistributed net investment income, and notices, please visit www.nuveen.com/cef. Additionally, several funds have announced distribution increases of up to 71%. The distribution.
Nuveen Closed-End Funds Declare Distributions
Negative
Seeking Alpha
3 months ago
NPFD: Do Not Let The Fund's Name Fool You
The Nuveen Variable Preferred & Income Fund is a preferred stock fund that claims to invest in securities with dividend payments based on interest rates. Despite the yield curve being inverted, the NPFD closed-end fund's current yield of 8.27% is not as high as most variable-rate debt funds. The fund's performance since its inception has been disappointing, with a decline of 30.64%, and it has underperformed most of its peers.
NPFD: Do Not Let The Fund's Name Fool You
Neutral
Business Wire
4 months ago
Nuveen Closed-End Funds Announce Leading Independent Proxy Advisory Firm, Glass Lewis, Fully Supports Nuveen's Board Nominees
NEW YORK--(BUSINESS WIRE)--The Boards of Trustees of certain Nuveen closed-end funds announced today that Glass Lewis, a leading independent proxy advisory firm, recommended that shareholders vote on the WHITE proxy cards FOR all of the Board Nominees of Nuveen Real Asset Income and Growth Fund (NYSE: JRI), Nuveen Core Plus Impact Fund (NYSE: NPCT), Nuveen Multi-Asset Income Fund (NYSE: NMAI) and Nuveen Variable Rate Preferred & Income Fund (NYSE: NPFD) (the “Funds”) in connection with the.
Nuveen Closed-End Funds Announce Leading Independent Proxy Advisory Firm, Glass Lewis, Fully Supports Nuveen's Board Nominees
Positive
Seeking Alpha
6 months ago
NPFD: Distribution Bump Amid Activist Pressure
Nuveen Variable Rate Preferred & Income Fund has announced another sizeable distribution boost following a previous raise in December 2023. Saba Capital Management has initiated a position in NPFD and filed a preliminary proxy for the election of a new independent trustee. NPFD's discount has narrowed, but it is still at an attractive level to consider investing in the preferred fund with the potential catalyst of rate cuts for a brighter future.
NPFD: Distribution Bump Amid Activist Pressure
Positive
Seeking Alpha
6 months ago
NPFD: This Preferred CEF Will Have Its Day
Different funds within the same sector often have different tilts, which can impact their performance in different market scenarios. The Nuveen Variable Rate Preferred & Income Fund has a unique coupon profile, with a low allocation to fixed-rate preferreds and a relatively large allocation to fixed-to-floating preferreds. We discuss the various market scenarios which would benefit the NPFD CEF.
NPFD: This Preferred CEF Will Have Its Day
Neutral
Seeking Alpha
6 months ago
CEF Weekly Review: CEF Fees Remain Full Of Pitfalls
We review CEF market valuation and performance through the second week of February and highlight recent market action. CEF price action was mixed, with higher-quality fixed-income sectors and interest-rate sensitive equity sectors seeing lower NAVs due to back-up in Treasury yields. CEF fees are full of pitfalls; however, getting a clear picture of fees can allow investors go generate alpha in CEF allocation.
CEF Weekly Review: CEF Fees Remain Full Of Pitfalls
Neutral
Business Wire
7 months ago
Nuveen Closed-End Funds Declare Distributions
NEW YORK--(BUSINESS WIRE)--Several Nuveen closed-end funds have declared distributions. These funds represent investment strategies for investors seeking diversified sources of cash flow to prepare for and sustain their retirement income needs. For further information regarding fund distributions, including earnings, undistributed net investment income, and notices, please visit www.nuveen.com/cef. The Nuveen Variable Rate Preferred & Income Fund (NYSE: NPFD) has announced a distribution ra.
Nuveen Closed-End Funds Declare Distributions
Neutral
Business Wire
9 months ago
Nuveen Closed-End Funds Declare Distributions and Updates to Distribution Policies
NEW YORK--(BUSINESS WIRE)--Nuveen Closed-End Funds today announced that the Board of Trustees of the Funds has approved the regular monthly and quarterly distributions. In addition, the Board of Trustees has approved updated distribution polices described below under “Monthly & Quarterly Distributions” for The Nuveen Preferred & Income Opportunities Fund (NYSE: JPC), Nuveen Preferred and Income Term Fund (NYSE: JPI), Nuveen Variable Rate Preferred & Income Fund (NYSE: NPFD), Nuveen.
Nuveen Closed-End Funds Declare Distributions and Updates to Distribution Policies
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