Nuveen Variable Rate Preferred & Income Fund (NPFD)
The Nuveen Variable Rate Preferred & Income Fund functions as a closed-end investment management entity, headquartered in Chicago, Illinois.
Industry: Asset Management - Income
Nuveen Variable Rate Preferred & Income Fund
NYSE:NPFDFinancial Services · Asset Management - Income
-0.24%$16.58
AH Close$16.58+0.00%vs close
AH Close$16.58+0.00%vs close
Mkt Cap$400.64M
Float24.16M
O/S24.16M
Inst Own33.4%
SI0.5%
Div Yield11.39%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$49.02M
Net Income$30.18M
Total Assets$765.19M
Free Cash Flow$47.33M
Debt & Equity
Debt 36%
Equity 64%
Total Debt$273.68M
Total Equity$484.74M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in NPFD's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$765.19M
Liabilities$280.45M
Accounts Receivable$10.54M
Accounts Payable$1.37M
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2026-07-31 | 2025-07-31 | 2024-07-31 | 2023-07-31 | 2022-07-31 |
| Revenue | $49.02M | $46.57M | $83.08M | -$10.49M | $21.52M |
| YoY Growth | 5.3% | -43.9% | -891.7% | -148.8% | - |
| Cost of Revenue | $0 | $0 | $16.27M | $12.9M | $2.46M |
| Gross Profit | $49.02M | $46.57M | $66.8M | -$23.4M | -$75.07M |
| Gross Margin | 100.0% | 100.0% | 80.4% | 223.0% | -348.8% |
| Research and Development | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $8.08M | $8.39M | $1.42M | $1.13M | $196K |
| Other | $0 | $0 | $19K | $16K | $108 |
| Total Operating Expenses | $8.08M | $8.39M | $1.44M | $1.14M | $197K |
| Operating Income (EBIT) | $40.94M | $38.18M | $34.64M | -$24.54M | $16.88M |
| Operating Margin | 83.5% | 82.0% | 41.7% | 233.9% | 78.5% |
| Interest Expense | $0 | $14.81M | $16.27M | $12.9M | $2.46M |
| Interest Income | $0 | $0 | $33.89M | $27.74M | $16.45M |
| Other Income (Expense) | -$10.76M | $8.66M | $30.72M | $0 | -$92.15M |
| Income Before Tax (EBT) | $30.18M | $46.84M | $65.36M | -$24.54M | -$75.27M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 |
| Net Income | $30.18M | $46.84M | $65.36M | -$24.54M | -$75.27M |
| Net Income Margin | 61.6% | 100.6% | 78.7% | 233.9% | -349.7% |
| Supplementary Data | |||||
| EPS | 1.25 | 1.94 | 2.71 | -1.02 | -3.11 |
| Diluted EPS | 1.25 | 1.94 | 2.71 | -1.02 | -3.11 |
| Weighted Average OS | 24.16M | 24.14M | 24.12M | 24.06M | 24.20M |
| EBITDA | $0 | $38.23M | $65.36M | -$24.54M | -$75.27M |
| EBITDA Margin | - | 82.1% | 78.7% | 233.9% | -349.7% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Currency | USD | USD | USD | USD |
| Period Ending | 2025-07-31 | 2024-07-31 | 2023-07-31 | 2022-07-31 |
| Assets | ||||
| Current Assets | ||||
| Cash and Cash Equivalents | $140K | $100K | $0 | $0 |
| Short-Term Investments | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $140K | $100K | $0 | $0 |
| Accounts Receivable | $10.54M | $10.17M | $12M | $10.22M |
| Inventory | $0 | $0 | $0 | $0 |
| Other Current Assets | $85K | $3.2M | $0 | $5.5M |
| Total Current Assets | $10.76M | $13.47M | $12M | $15.73M |
| Long-Term Assets | ||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 |
| Long-Term Investments | $754.43M | $405.87M | $708.43M | $796.44M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $0 | $354.41M | $114K | -$4.81M |
| Total Long-Term Assets | $754.43M | $760.28M | $708.55M | $791.63M |
| Other Assets | $0 | $0 | $0 | $0 |
| Total Assets | $765.19M | $773.74M | $720.55M | $807.36M |
| Liabilities | ||||
| Current Liabilities | ||||
| Accounts Payable | $1.37M | $1.62M | $2.71M | $5.31M |
| Short-Term Debt | $27.81M | $20.68M | $0 | $103.89M |
| Current Income Tax Payable | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $4.05M | $4.05M | $0 | -$325K |
| Total Current Liabilities | $34.59M | $28.45M | $2.71M | $109.93M |
| Long-Term Liabilities | ||||
| Long-Term Debt | $245.87M | $174.31M | $150.91M | $188.6M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $105.85M | $113.28M | $0 |
| Total Long-Term Liabilities | $245.87M | $280.16M | $264.2M | $188.6M |
| Other Liabilities | $0 | $0 | $0 | $0 |
| Total Liabilities | $280.45M | $287.26M | $266.91M | $298.53M |
| Stockholders' Equity | ||||
| Preferred Stock | $0 | $0 | $0 | $0 |
| Common Stock | $242K | $242K | $242K | $242K |
| Retained Earnings | -$87.48M | -$112.03M | -$149.79M | -$95.24M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $571.98M | $598.27M | $603.19M | $603.83M |
| Total Equity | $484.74M | $486.48M | $453.64M | $508.83M |
| Minority Interest | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $765.19M | $773.74M | $720.55M | $807.36M |
| Supplementary Data | ||||
| Total Debt | $273.68M | $194.99M | $150.91M | $292.49M |
| Net Debt | $273.54M | -$100K | $150.91M | $292.49M |
Cash Flow Statement
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2026-07-31 | 2025-07-31 | 2024-07-31 | 2023-07-31 | 2022-07-31 |
| Operating Activities | |||||
| Net Income | $30.18M | $46.84M | $65.36M | -$24.54M | -$75.27M |
| Depreciation & Amortization | $53K | $54K | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||
| Accounts Receivable | $213K | -$163K | $1.83M | -$1.78M | -$10.22M |
| Inventory | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $69K | -$86K | $2.25M | -$1.81M | $3.18M |
| Total Working Capital Change | $282K | -$249K | $4.09M | -$3.59M | -$7.04M |
| Other Non-Cash Items | $16.82M | $7.97M | -$54.79M | $88.05M | -$796.44M |
| Net Cash from Operating | $47.33M | $54.61M | $14.66M | $59.92M | -$878.74M |
| Investing Activities | |||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $0 | $0 | $0 | $0 | $0 |
| Financing Activities | |||||
| Debt Repaid | - | $13M | -$16.01M | $113.1M | -$292M |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $604M |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$46.71M | -$48.57M | -$30.57M | -$31.9M | -$16.67M |
| Other Financing Activities | $0 | $7M | $32 | -$607K | $685.81M |
| Net Cash from Financing | -$46.71M | -$54.57M | -$14.56M | -$60.61M | $879.33M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $763K | -$100K | $100K | -$690K | $590K |
| Supplementary Data | |||||
| Operating Cash Flow | $47.33M | $54.61M | $14.66M | $59.92M | -$878.74M |
| Capital Expenditure | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $47.33M | $54.61M | $14.66M | $59.92M | -$878.74M |
| Cash at Beginning | $0 | $100K | $0 | $690K | $100K |
| Cash at End | $763K | $0 | $100K | $0 | $690K |