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About the company
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 seeks to achieve its investment objective by investing in a portfolio of variable rate preferred securities and other variable rate income-producing securities from companies such as banks, utilities, and insurance companies. The Fund invests up to 20% of Managed Assets in contingent capital securities or contingent convertible securities (CoCos) and up to 15% in companies located in emerging market countries but will only invest in United States dollar-denominated securities. More than 25% of Managed Assets will be invested in securities of companies in the financial services sector. The investment adviser of the Fund is Nuveen Fund Advisors, LLC.
- Revenue in USD (TTM)42.70m
- Net income in USD65.36m
- Incorporated2021
- Employees--
- LocationNuveen Variable Rate Preferred & Income Fund333 W. Wacker Dr.CHICAGO 60606United StatesUSA
- Phone+1 (312) 917-8146
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Peer analysis
Key Information
- Key Information
- Stock Performance
- Per Share Data
- Efficiency
- Management Effectiveness
- Profitability
- Financial Strength
- Growth Rates
| Company | Revenue (TTM) | Net income (TTM) | Market cap | Employees | Price/earnings (TTM) | Price/book value (MRQ) | Price/cash flow (TTM) | Price/sales (TTM) | EPS (excl. extraordinary items, TTM) | EPS (incl. extraordinary items, TTM) | Revenue per share (TTM) | Book value per share (MRQ) | Asset turnover (TTM) | Inventory turnover (TTM) | Receivables turnover (TTM) | Revenues per employee (TTM) | Return on avg assets (TTM) | Return on avg assets (5 yr avg) | Return on investment (TTM) | Return on investment (5 yr avg) | Gross margin (TTM) | Gross margin (5 yr avg) | Net profit margin (TTM) | Net Profit margin (5 yr avg) | Quick ratio (MRQ) | Interest coverage (TTM) | Total debt to capital (MRQ) | Payout ratio (5 yr avg) | Revenue (YOY change %) | Revenue (5 yr growth rate) | Net income (YOY change %) | Net income (5 yr growth rate) | Capital expenditure (5 yr growth rate) | Dividend (5 yr growth rate) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Agriculture & Naturl Solutns Acqstn Corp | 0.00 | 7.69m | 448.93m | 0.00 | 58.41 | 1.31 | -- | -- | 0.1782 | 0.1782 | 0.00 | 7.92 | 0.00 | -- | -- | -- | 4.29 | -- | 4.31 | -- | -- | -- | -- | -- | -- | -- | 0.00 | -- | -- | -- | 106,229.30 | -- | -- | -- |
| Blackrock Municipal Income Trust | 35.62m | 11.39m | 451.27m | -- | 39.61 | 0.9004 | -- | 12.67 | 0.2598 | 0.2598 | 0.8123 | 11.43 | 0.0443 | -- | 4.15 | -- | 1.42 | -- | 2.02 | -- | 53.03 | -- | 31.98 | -- | -- | 2.61 | 0.1755 | -- | 0.3267 | -- | 316.68 | -- | -- | -- |
| Calamos Global Dynamic Income Fund | 86.37m | 77.08m | 456.63m | -- | 5.92 | 0.9963 | -- | 5.29 | 1.21 | 1.21 | 1.35 | 7.18 | 0.1333 | 0.7775 | 3.52 | -- | 11.89 | -- | 12.39 | -- | 80.73 | -- | 89.24 | -- | -- | -- | 0.3211 | -- | 139.83 | -- | 115.23 | -- | -- | -- |
| Diamond Hill Investment Group Inc | 145.80m | 49.40m | 458.16m | 129.00 | 9.53 | 2.76 | 9.05 | 3.14 | 17.66 | 17.66 | 52.14 | 60.92 | 0.5889 | -- | 6.72 | 1,130,197.00 | 19.95 | 18.77 | 24.62 | 23.82 | 97.66 | 97.72 | 33.88 | 34.42 | -- | -- | 0.00 | 75.69 | -11.51 | -1.25 | 4.43 | -1.89 | -51.17 | -- |
| PennantPark Investment Corp. | 141.36m | 42.75m | 459.68m | 0.00 | 10.74 | 0.9358 | -- | 3.25 | 0.6554 | 0.6554 | 2.17 | 7.52 | 0.1136 | -- | 7.18 | -- | 3.43 | 1.75 | 3.51 | 1.79 | 49.69 | 50.14 | 30.24 | 19.85 | -- | 3.45 | 0.626 | 191.57 | 38.49 | 6.07 | -36.65 | -- | -- | 1.09 |
| Tortoise Energy Infrastructure Corp | 13.62m | 105.17m | 461.28m | -- | 4.31 | 1.06 | -- | 33.87 | 9.95 | 9.95 | 1.30 | 40.48 | 0.0255 | -- | 2.64 | -- | 19.70 | -11.75 | 20.11 | -12.00 | 50.68 | 34.53 | 772.28 | -751.85 | -- | -- | 0.2095 | -- | 20.10 | -- | -115.13 | -- | -- | -22.98 |
| MNYLI MacKay DefndTrm Mn pprtnts Fnd | 27.42m | 12.67m | 465.26m | -- | 36.73 | 0.9994 | -- | 16.97 | 0.4535 | 0.4535 | 0.9817 | 16.67 | 0.0392 | -- | 2.61 | -- | 1.81 | 0.7029 | 2.70 | 1.08 | 51.96 | 65.17 | 46.20 | 17.61 | -- | 10.97 | 0.2904 | 452.89 | -4.18 | -7.94 | 251.44 | -19.03 | -- | -5.65 |
| Nuveen Variable Rate Pred & Inc Fund | 42.70m | 65.36m | 466.37m | -- | 7.13 | 0.9587 | -- | 10.92 | 2.71 | 2.71 | 1.77 | 20.13 | 0.0572 | -- | 30.07 | -- | 8.75 | -- | 10.36 | -- | 43.81 | -- | 153.09 | -- | -- | -- | 0.2861 | -- | 13.35 | -- | 366.36 | -- | -- | -- |
| BlackRock MuniVest Fund Inc | 33.03m | 29.25m | 468.23m | -- | 16.01 | 0.9171 | -- | 14.18 | 0.4609 | 0.4609 | 0.5205 | 10.47 | 0.0433 | -- | 287.52 | -- | 3.84 | -0.0462 | 3.86 | -0.0465 | 55.79 | 66.93 | 88.55 | -1.22 | -- | -- | 0.102 | -- | 1.77 | -4.96 | 329.49 | -13.88 | -- | -8.01 |
| abrdn World Healthcare Fund | 12.58m | 48.96m | 470.79m | -- | 9.61 | 0.9828 | -- | 37.42 | 1.28 | 1.28 | 0.3288 | 12.53 | 0.0208 | -- | 3.75 | -- | 8.10 | 3.71 | 8.16 | 3.78 | -13.78 | 19.07 | 389.18 | 180.74 | -- | -- | 0.2003 | 215.11 | 5.47 | -1.33 | 159.87 | 3.10 | -- | -0.4599 |
| Nuveen Taxable Municipal Income Fund | 38.97m | 16.30m | 477.96m | -- | 29.33 | 1.02 | -- | 12.27 | 0.5544 | 0.5544 | 1.33 | 16.01 | 0.0547 | -- | -- | -- | 2.29 | 0.6722 | 3.18 | 0.8724 | 58.30 | 76.01 | 41.84 | 13.12 | -- | 3.56 | 0.3243 | 618.27 | -5.24 | 0.893 | -108.86 | -- | -- | -1.53 |
| BlackRock MuniAssets Fund Inc | 30.91m | 46.14m | 479.42m | 0.00 | 10.39 | 1.05 | -- | 15.51 | 1.20 | 1.20 | 0.804 | 11.89 | 0.0484 | -- | 58.24 | -- | 7.22 | -- | 7.33 | -- | 63.20 | -- | 149.28 | -- | -- | -- | 0.282 | -- | 1.20 | -- | 318.10 | -- | -- | -- |
| Nuveen Preferred and Income Term Fund | 46.08m | 61.27m | 484.82m | -- | 7.91 | 1.07 | -- | 10.52 | 2.69 | 2.69 | 2.02 | 19.96 | 0.0676 | -- | 0.3965 | -- | 8.98 | 1.51 | 10.19 | 1.65 | 53.62 | 68.71 | 132.95 | 24.92 | -- | -- | 0.3385 | 283.83 | 1.29 | -2.38 | 285.42 | 7.10 | -- | -6.32 |
Data as of Nov 09 2024. Currency figures normalised to Nuveen Variable Rate Preferred & Income Fund's reporting currency: US Dollar USD
28.55%Per cent of shares held by top holders
| Holder | Shares | % Held |
|---|---|---|
| Morgan Stanley Smith Barney LLC (Investment Management)as of 30 Sep 2024 | 1.39m | 5.77% |
| Sit Investment Associates, Inc.as of 30 Jun 2024 | 1.31m | 5.42% |
| Saba Capital Management LPas of 05 Sep 2024 | 1.18m | 4.90% |
| Parametric Portfolio Associates LLCas of 30 Jun 2024 | 678.41k | 2.81% |
| Thomas J. Herzfeld Advisors, Inc.as of 30 Jun 2024 | 590.66k | 2.44% |
| UBS Financial Services, Inc.as of 30 Jun 2024 | 401.67k | 1.66% |
| Advisor Partners II LLCas of 30 Sep 2024 | 399.81k | 1.66% |
| Envestnet Asset Management, Inc.as of 30 Sep 2024 | 350.57k | 1.45% |
| Invesco Capital Management LLCas of 30 Jun 2024 | 304.75k | 1.26% |
| RBC Capital Markets LLC (Investment Management)as of 30 Jun 2024 | 287.18k | 1.19% |
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Data from 30 Jun 2024 - 30 Sep 2024Source: FactSet Research Systems Inc.
