First Trust Intermediate Duration Preferred & Income Fund

First Trust Intermediate Duration Preferred & Income Fund engages in the investment current income and a secondary objective of capital appreciation. The company was founded in 1999 is headquartered in Wheaton, IL.

FPF is a closed-end fund that invests at least 80% of its portfolio in preferred securities.

FPF: Great Entry Point For This Preferred Securities CEF

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Quality Closed-End Fund Report, February 2022

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Intermediate Duration Preferred & Income Fund (the "Fund") (NYSE: FPF) has declared the Fund's regularly scheduled monthly common share distribution in the amount of $0.1275 per share payable on March 15, 2022, to shareholders of record as of March 2, 2022. The ex-dividend date is expected to be March 1, 2022. The monthly distribution information for the Fund appears below. First Trust Intermediate Duration Preferred & Income Fund (FPF):   Dis

First Trust Intermediate Duration Preferred & Income Fund Declares its Monthly Common Share Distribution of $0.1275 Per Share for March

John Hancock Premium Dividend Fund

Income investors should consider replacing the over-owned S&P 500 index fund with these underappreciated yields up to 7.5%.

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WHEATON, Ill.--(BUSINESS WIRE)--First Trust Intermediate Duration Preferred & Income Fund (the "Fund") (NYSE: FPF) has declared its regularly scheduled monthly common share distribution of $0.1275 per share payable on February 15, 2022, to shareholders of record as of February 2, 2022. The ex-dividend date is expected to be February 1, 2022. The monthly distribution information for the Fund appears below. First Trust Intermediate Duration Preferred & Income Fund (FPF):   Distribution pe

First Trust Intermediate Duration Preferred & Income Fund Declares its Monthly Common Share Distribution of $0.1275 Per Share for February

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Intermediate Duration Preferred & Income Fund (the "Fund") (NYSE: FPF) has declared the Fund's regularly scheduled monthly common share distribution in the amount of $0.1275 per share payable on January 18, 2022, to shareholders of record as of December 31, 2021. The ex-dividend date is expected to be December 30, 2021. The monthly distribution information for the Fund appears below. First Trust Intermediate Duration Preferred & Income Fund (F

First Trust Intermediate Duration Preferred & Income Fund Declares its Monthly Common Share Distribution of $0.1275 Per Share for January

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Today, we are taking a refreshed look at the preferred closed-end fund space. We see that the entire space has become more expensive, yet at the same time, distribution yields have dropped - this is mirroring the broader CEF spaces actions.

Closed-End Funds: A Check-Up On The Preferred Space

For investors believing interest rates will continue to climb from here, using shorter duration funds is one way to minimize the damage to their Fixed Income exposure.

FPF: One Of The Better Performers In The Limited-Duration Space

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Intermediate Duration Preferred & Income Fund (the "Fund") (NYSE: FPF) has declared the Fund's regularly scheduled monthly common share distribution in the amount of $0.1275 per share payable on December 15, 2021, to shareholders of record as of December 2, 2021. The ex-dividend date is expected to be December 1, 2021. The monthly distribution information for the Fund appears below. First Trust Intermediate Duration Preferred & Income Fund (FP

First Trust Intermediate Duration Preferred & Income Fund Declares Its Monthly Common Share Distribution of $0.1275 Per Share for December

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Intermediate Duration Preferred & Income Fund (the "Fund") (NYSE: FPF) has declared the Fund's regularly scheduled monthly common share distribution in the amount of $0.1275 per share payable on November 15, 2021, to shareholders of record as of November 2, 2021. The ex-dividend date is expected to be November 1, 2021. The monthly distribution information for the Fund appears below. First Trust Intermediate Duration Preferred & Income Fund (FP

First Trust Intermediate Duration Preferred & Income Fund Declares its Monthly Common Share Distribution of $0.1275 Per Share for November

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Intermediate Duration Preferred & Income Fund (the "Fund") (NYSE: FPF) has declared the Fund's regularly scheduled monthly common share distribution in the amount of $0.1275 per share payable on October 15, 2021, to shareholders of record as of October 4, 2021. The ex-dividend date is expected to be October 1, 2021. The monthly distribution information for the Fund appears below. First Trust Intermediate Duration Preferred & Income Fund (FPF):

First Trust Intermediate Duration Preferred & Income Fund Declares its Monthly Common Share Distribution of $0.1275 Per Share for October

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Intermediate Duration Preferred & Income Fund (the "Fund") (NYSE: FPF) has declared the Fund's regularly scheduled monthly common share distribution in the amount of $0.1275 per share payable on September 15, 2021, to shareholders of record as of September 2, 2021. The ex-dividend date is expected to be September 1, 2021. The monthly distribution information for the Fund appears below. First Trust Intermediate Duration Preferred & Income Fund

First Trust Intermediate Duration Preferred & Income Fund Declares its Monthly Common Share Distribution of $0.1275 Per Share for September

A recovery in credit spreads and a drop in Treasury yields have buoyed the prices of preferred stocks and sector CEF NAVs. This has allowed preferred CEFs to increase borrowings this year which drives higher income levels and strengthens distribution coverage.

Preferreds CEF Sector Adds Borrowings To Boost Income

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Intermediate Duration Preferred & Income Fund (the "Fund") (NYSE: FPF) has declared the Fund's regularly scheduled monthly common share distribution in the amount of $0.1275 per share payable on August 16, 2021, to shareholders of record as of August 3, 2021. The ex-dividend date is expected to be August 2, 2021. The monthly distribution information for the Fund appears below. First Trust Intermediate Duration Preferred & Income Fund (FPF): Di

First Trust Intermediate Duration Preferred & Income Fund Declares its Monthly Common Share Distribution of $0.1275 Per Share for August

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The major equity indices had their worst week since early January - mostly on inflation concerns and a hawkish FOMC that signaled an increase in rates may come sooner than expected. On Friday, stocks took another leg lower after St. Louis Fed President James Bullard said that he expects the Fed's first rate hike in late 2022.

CEF Weekly Commentary | June 20, 2021

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Only funds with coverage >100% are considered. Top lists of discount, yield, DxY and DxYxZ are given. Muni CEFs feature in the top list of widest discount.

The Quality Closed-End Fund Report: May 2021

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Intermediate Duration Preferred & Income Fund (the "Fund") (NYSE: FPF) has declared the Fund's regularly scheduled monthly common share distribution in the amount of $0.1275 per share payable on June 15, 2021, to shareholders of record as of June 2, 2021. The ex-dividend date is expected to be June 1, 2021. The monthly distribution information for the Fund appears below. First Trust Intermediate Duration Preferred & Income Fund (FPF): Distribu

First Trust Intermediate Duration Preferred & Income Fund Declares Its Monthly Common Share Distribution of $0.1275 Per Share for June

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We've seen a lot of volatility in the last month across all risk assets, but closed-end funds have weathered it quite well.

CEF Report: State Of The CEF Market

FPF tends to screen well in the preferreds CEF sector due to its relatively strong historic returns and wide discount. We discuss some of the fund's headwinds such as its strict leverage mandate, which caused a sharp deleveraging last year, and its swap hedge, which is a drag on income.

FPF: A Look At This Wider Discount Preferreds CEF

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Only funds with coverage >100% are considered. Top lists of discount, yield, DxY and DxYxZ are given. The top DxY funds are NHF, ARDC and KIO.

The Quality Closed-End Fund Report, January 2021

We take a look at year-to-date returns of the sector CEFs as well as the key drivers behind those returns. There are no easy answers in allocating to the sector as funds with the most robust structural features and no hedge NAV drags are also trading at elevated premiums.

Preferreds CEF Sector Update

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Intermediate Duration Preferred & Income Fund (the "Fund") (NYSE: FPF) has decreased its regularly scheduled monthly common share distribution to $0.1275 per share from $0.1325 per share. The distribution will be payable on November 16, 2020, to shareholders of record as of November 3, 2020. The ex-dividend date is expected to be November 2, 2020. The monthly distribution information for the Fund appears below. First Trust Intermediate Duration Pr

First Trust Intermediate Duration Preferred & Income Fund Decreases its Monthly Common Share Distribution to $0.1275 Per Share for November

Steadily lower yields and heightened volatility make relative value opportunities an attractive alpha generation strategy in CEFs.

News for First Trust Intermediate Duration Preferred & Income Fund ETF (FPF)