Closed-end management investment company investing in a diversified portfolio of preferred securities and other income-producing investments.
Nuveen Variable Rate Preferred Income Fund cryptocurrencyoperates as a mutual fund managed by Nuveen Asset Management, a subsidiary of TIAA (Teachers Insurance and Annuity Association of America). The fund primarily invests in a diversified portfolio of variable rate preferred securities and other income-producing securities. These securities often have adjustable interest rates tied to a benchmark rate, providing potential for income generation while managing interest rate risk.
Nuveen Variable Rate Preferred & Income Fund aims to provide shareholders with a steady income stream through dividends distributed from the securities it holds. The fund may invest in preferred stocks issued by corporations, which typically offer higher yields compared to common stocks but also carry lower volatility than common equities. This investment strategy aligns with the fund's objective of seeking a high level of current income consistent with the preservation of capital.
Managed by Nuveen, a leading investment manager with a long-standing reputation in asset management, Nuveen Variable Rate Preferred & Income Fund benefits from the expertise and resources of its parent company, TIAA. The fund's investment approach emphasizes disciplined portfolio management and strategic allocation to achieve its income objectives while navigating market fluctuations and interest rate changes. Investors seeking a blend of income and stability may find Nuveen Variable Rate Preferred & Income Fund to be a suitable component within a diversified investment portfolio.