Nuveen Variable Rate Preferred & Income Fund
Market Movers (8-K)
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Nuveen Variable Rate Preferred & Income Fund's annual meeting was adjourned due to a lack of quorum, resulting in no election of Class III Trustees and no vote on the ratification of the accounting firm.
Delay expected
Worse than expected
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8-K: Nuveen Variable Rate Preferred & Income Fund Amends By-Laws, Eliminating Control Share Provisions
Nuveen Variable Rate Preferred & Income Fund's Board of Trustees has adopted amended by-laws to remove control share provisions, effective February 28, 2024.
Insider Trading (Form 4)
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Nathaniel T. Jones, Vice President and Treasurer of Nuveen Variable Rate Preferred & Income Fund, reports the acquisition of 500 shares of common stock at $18.69 per share on May 5, 2025.
Proxy Statements (Def-14A)
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Nuveen funds will hold a virtual annual meeting on April 17, 2025, to elect board members and conduct other business.
NYSE
Nuveen Variable Rate Preferred and Income Fund urges shareholders to vote against Saba Capital's attempt to install a nominee with no closed-end fund experience, claiming it would disrupt fund performance.
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Nuveen Variable Rate Preferred & Income Fund urges shareholders to vote for its nominees amidst a proxy battle with Saba Capital Management.
NYSE
Nuveen Core Plus Impact Fund, Nuveen Variable Rate Preferred & Income Fund, Nuveen Multi-Asset Income Fund, and Nuveen Real Asset Income and Growth Fund have adjourned their annual shareholder meetings to May 31, 2024, to gather more votes on key business items.
Delay expected
NYSE
Glass Lewis, a leading independent proxy advisory firm, recommends shareholders vote for Nuveen's board nominees and rejects Saba Capital's nominee for four Nuveen closed-end funds.
NYSE
Nuveen Variable Rate Preferred & Income Fund urges shareholders to vote for its nominees amidst a challenge from Saba Capital, who is seeking to replace a trustee.
Schedule 13G - Passive Investments
NYSE
Morgan Stanley and its subsidiary Parametric Portfolio Associates LLC have reported a 6.5% beneficial ownership stake in Nuveen Variable Rate Preferred & Income Fund.
NYSE
SCHEDULE 13G/A: Sit Investment Associates Discloses 10.5% Stake in Nuveen Variable Rate Preferred & Income Fund
Sit Investment Associates, Inc. and its subsidiary, Sit Fixed Income Advisors II, LLC, have reported a 10.5% beneficial ownership stake in Nuveen Variable Rate Preferred & Income Fund.
NYSE
SCHEDULE 13G/A: Morgan Stanley Reduces Stake in Nuveen Variable Rate Preferred & Income Fund Below 5%
Morgan Stanley and its subsidiary, Morgan Stanley Smith Barney LLC, have reported a reduction in their beneficial ownership of Nuveen Variable Rate Preferred & Income Fund to 2.5%, falling below the 5% threshold.
NYSE
SCHEDULE 13G: Morgan Stanley and Parametric Portfolio Associates Disclose 5.0% Stake in Nuveen Variable Rate Preferred & Income Fund
Morgan Stanley and its wholly-owned subsidiary, Parametric Portfolio Associates LLC, have jointly disclosed a beneficial ownership of 5.0% in Nuveen Variable Rate Preferred & Income Fund.