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Nuveen Variable Rate Preferred & Income Fund - NPFD STOCK NEWS

Welcome to our dedicated page for Nuveen Variable Rate Preferred & Income Fund news (Ticker: NPFD), a resource for investors and traders seeking the latest updates and insights on Nuveen Variable Rate Preferred & Income Fund stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Nuveen Variable Rate Preferred & Income Fund's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Nuveen Variable Rate Preferred & Income Fund's position in the market.

Rhea-AI Summary
Several Nuveen closed-end funds have declared distributions, including the Nuveen Variable Rate Preferred & Income Fund (NPFD) and Nuveen Core Plus Impact Fund (NPCT). NPFD has announced a distribution rate increase of approximately 28%, while NPCT has announced a distribution rate increase of approximately 10%. The changes aim to deliver higher monthly cash flows to shareholders, support secondary market trading, and improve each fund’s discount to NAV. However, it is anticipated that to maintain the declared distribution rates, the funds may make distributions from sources other than the current net investment income of the funds, potentially including a return of capital. Shareholders can expect regular distribution information to be posted on www.nuveen.com on the first business day of each month.
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Nuveen Variable Rate Preferred & Income Fund (NYSE: NPFD) will host a webinar on February 8, 2022, at 2:00 PM ET, featuring Doug Baker, the Fund's portfolio manager. The webinar will cover portfolio positioning, investment processes, and market opportunities. Participants can join online via Zoom or by phone. Nuveen, a leading closed-end fund sponsor, manages $66 billion across 58 funds as of December 31, 2021. The firm aims to provide income-focused investors with diverse asset class exposure.

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The Nuveen Variable Rate Preferred & Income Fund (NYSE: NPFD) has announced its initial monthly distribution of $0.1380 per share, effective from February 15, 2022. The ex-dividend date is set for February 14, 2022, with payments scheduled for March 1, 2022. This distribution represents a rate of 6.62% based on the fund's $25 IPO price. Nuveen, a leader in closed-end funds, manages approximately $65 billion across 62 funds.

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Nuveen has launched the Nuveen Variable Rate Preferred & Income Fund (NYSE: NPFD), completing an initial public offering that raised $550 million in common shares. If underwriters exercise additional options, the total could reach $633 million. The fund aims to provide tax-advantaged income by investing in variable rate preferred securities from high-quality companies. Nuveen, managing $1.2 trillion in assets, positions itself as a leader in closed-end funds. The fund meets growing investor demand for tax-efficient yield opportunities.

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FAQ

What is the current stock price of Nuveen Variable Rate Preferred & Income Fund (NPFD)?

The current stock price of Nuveen Variable Rate Preferred & Income Fund (NPFD) is $18.42 as of August 1, 2024.

What is the market cap of Nuveen Variable Rate Preferred & Income Fund (NPFD)?

The market cap of Nuveen Variable Rate Preferred & Income Fund (NPFD) is approximately 452.1M.

Nuveen Variable Rate Preferred & Income Fund

NYSE:NPFD

NPFD Rankings

NPFD Stock Data

452.11M
24.16M
35.72%
0.01%
Asset Management
Financial Services
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United States of America
Chicago