On February 29, 2024, Nuveen Variable Rate Preferred & Income Fund announced that it has filed a preliminary proxy statement soliciting proxies and urged the shareholders to vote for its board nominees: Joanne T. Medero, Loren M. Starr and Matthew Thornton III for the election as Class III Trustees and the election of the Board?s nominees: Albin F. Moschner and Margaret L. Wolff for the election as Trustees elected by the holders of Preferred Shares only at its annual general meeting of shareholders scheduled to be held on May 15, 2024. The Company also stated that it does not endorse the Saba Capital nominee and recommended that shareholders disregard and do not return any proxy card the shareholders receive from Saba Capital.