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.

Summary

• Morgan Stanley and Parametric Portfolio Associates LLC, a wholly-owned subsidiary of Morgan Stanley, have filed a Schedule 13G.
• The filing indicates a beneficial ownership of 1,210,213 Common Shares of Beneficial Interest in Nuveen Variable Rate Preferred & Income Fund.
• This aggregate amount represents 5.0% of the class of securities.
• The reporting persons hold 135,345 shares with shared voting power and 1,210,213 shares with shared dispositive power.
• The shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing (Schedule 13G) disclosing beneficial ownership, which is inherently neutral in sentiment as it presents factual information without expressing positive or negative outlooks on the issuer's performance or future.

Industry Context

This filing is a routine disclosure of a passive ownership stake by institutional investors in a publicly traded investment fund. Such disclosures are common and provide transparency regarding significant holdings in the market.

Related Party Transactions

• The securities reported by Morgan Stanley as a parent holding company are owned, or deemed beneficially owned, by Parametric Portfolio Associates LLC, which is a wholly-owned subsidiary of Morgan Stanley.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional ownership in the fund.

Key Dates

Keywords

Nuveen Variable Rate Preferred & Income Fund, Morgan Stanley, Parametric Portfolio Associates, Schedule 13G, Beneficial Ownership, Investment Fund, Preferred Stock, Income Fund, SEC Filing