Nuveen Variable Rate Preferred & Income Fund (NPFD)
NPFD 8-K filings, explained
Every material Form 8-K Nuveen Variable Rate Preferred & Income Fund has filed with the SEC since March 06, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Effective October 19, 2026, the fund may invest up to 10% of Managed Assets in non-U.S. dollar securities and up to 20% in contingent convertible securities, and may gain exposure to Regulation S and TEFRA bonds through wholly owned Cayman Islands subsidiaries. The filing also adds related risk factors, including foreign currency, liquidity, subsidiary and tax risks, which may affect shareholder returns.
New policy allows up to 10% of Managed Assets in non-U.S. dollar denominated securities; prior policy allowed only U.S. dollar securities.
New policy allows up to 20% of Managed Assets in contingent capital (CoCo) securities; prior policy had none.
TEFRA Bond Subsidiary may hold up to 25% of total assets, and the Regulation S Subsidiary may invest without limitation in Regulation S securities.
Supplemental risk factors are effective August 31, 2026, and cover foreign currency, Regulation S liquidity, TEFRA bond and subsidiary tax risks.
The fund reconvened its 2024 annual meeting on May 31, 2024, but a quorum of shareholders was not present, so no Class III trustees were elected and no vote was taken on ratifying the independent registered public accounting firm. The current Class III trustees will serve as holdover trustees until the 2025 annual meeting. Preferred shareholders had separately elected two trustees on May 15, 2024.
Annual meeting reconvened May 31, 2024 without a quorum
No Class III trustees elected; current trustees serve as holdovers until the 2025 annual meeting
No vote taken on ratifying the independent registered public accounting firm
On May 15, 2024, preferred shareholders elected Albin F. Moschner and Maragret L. Wolff as trustees
The fund's board adopted amended and restated by-laws on February 28, 2024, eliminating the control share provisions, whose effectiveness had already been suspended since February 24, 2022. Apart from that change, the by-laws are identical to the prior version, and the full text is filed as Exhibit 3.1.
Board adopted amended and restated by-laws on February 28, 2024
Control share provisions eliminated; their effectiveness had been suspended since February 24, 2022
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Nuveen Variable Rate Preferred & Income Fund filing is on SEC EDGAR ↗. 8-K briefs of other companies →