NUVEEN VARIABLE RATE PREFERRED & INCOME FUND (NPFD)

YOUR INVESTMENT MATTERS,

YOUR VOTE MATTERS.

Your Fund-and your investment-are on the line.

THE ANNUAL MEETING DATE HAS MOVED:

MAY 31, 2024, 11:30 AM CENTRAL TIME

Support your four qualified Trustees by voting on the WHITE PROXY CARD . A vote for your Trustees is a vote to protect your investment.

Leading independent proxy advisory firm, Glass Lewis, recommends shareholders vote FORall of the Board Nominees of NPFD.

An opportunistic hedge fund managed by Saba Capital Management, L.P. ("Saba"), is seeking to replace one of your Trustees with an individual with zero closed-end fund or mutual fund expertise.

If successful, Saba's hand-picked nominee may disrupt your Fund's ability to perform over time and deliver the consistent income that you have come to expect-advancing their misguided agenda at the expense of your best interests.

This is no time for taking chances. Your fund-and your financial future-is on the line. Saba's nominee is not the best steward of your financial interests, and we need you to vote to protect our shared future.

. Every shareholder voice matters. Every vote voice matters. Every vote is necessary. Your vote Necessary. Your vote makes the difference. Every

DO NOT SIGN OR RETURN ANY CARD SENT TO YOU BY SABA, EVEN TO VOTE "AGAINST" OR TO "WITHHOLD" OR TO "ABSTAIN" WITH RESPECT TO THE DISSIDENT'S PROPOSALS.

Only your latest dated proxy will be counted.

VOTE ONLINE

VOTE BY PHONE

VOTE BY MAIL

Using the website provided on your WHITEproxy card and following the simple instructions

By calling the toll-free number on your WHITEproxy card and following the simple instructions

By completing and returning your WHITEproxy card in the postage page envelope provided

If you have any questions about the proposals to be voted upon, please feel free to contact

Computershare Fund Services toll free at 866-410-5798.

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Disclaimer

Nuveen Variable Rate Preferred & Income Fund published this content on 16 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 May 2024 15:06:03 UTC.