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.

The First Trust Intermediate Duration Preferred & Income Fund provides investors with exposure to preferred securities and also focuses on an intermediate duration. FPF's valuation suggests it is trading around fair value based on longer-term average levels, but on a shorter-term basis valuation, it is looking a bit rich. FPF's intermediate duration could help keep it relatively less interest rate sensitive, but lower interest rates would still look to benefit the fund the most.

FPF: Valuation Isn't Too Attractive Despite Higher Distribution For 2024

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 $0.1375 per share payable on April 15, 2024, to shareholders of record as of April 2, 2024. The ex-dividend date is expected to be April 1, 2024. The monthly distribution information for the Fund appears below. First Trust Intermediate Duration Preferred & Income Fund (FPF):     D.

First Trust Intermediate Duration Preferred & Income Fund Declares its Monthly Common Share Distribution of $0.1375 Per Share for April

The First Trust Intermediate Duration Preferred & Income Fund offers a high yield of 9.57%, higher than many other preferred stock funds. The fund has outperformed major fixed-income indices and even the S&P 500 Index, which is impressive for a fixed-income fund. Investors should be cautious as the fund's recent gains may not be sustainable due to uncertainty around interest rate cuts and potential market correction.

FPF: May Be Best To Pare Back Your Position Today (Rating Downgrade)

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 $0.1375 per share payable on March 15, 2024, to shareholders of record as of March 4, 2024. The ex-dividend date is expected to be March 1, 2024. The monthly distribution information for the Fund appears below. First Trust Intermediate Duration Preferred & Income Fund (FPF): Distr.

First Trust Intermediate Duration Preferred & Income Fund Declares its Monthly Common Share Distribution of $0.1375 Per Share for March

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 $0.1375 per share payable on February 15, 2024, to shareholders of record as of February 2, 2024. The ex-dividend date is expected to be February 1, 2024. 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 $0.1375 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 $0.1375 per share payable on January 16, 2024, to shareholders of record as of December 29, 2023. The ex-dividend date is expected to be December 28, 2023. 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 $0.1375 Per Share for January

Cornerstone Strategic Value Fund Inc

Cornerstone Total Return Fund Inc

FS Credit Opportunities Corp

Guggenheim Strategic Opportunities Fund

Highland Income Fund

CBRE Global Real Estate Income Fund

A safe double-digit yield makes it a lot easier to retire. Today we'll discuss a portfolio that pays 14.1% (that's no typo).

7 Massive Monthly Dividends Yielding Up To 18%

The First Trust Intermediate Duration Preferred & Income Fund aims to reduce duration risk and provide income for risk-averse investors. The fund has underperformed fixed-income indices but offers a higher yield, making it an attractive option for income-focused investors. The fund's portfolio consists primarily of preferred stocks and bonds, with a focus on the financial services sector.

FPF: A Reasonable Way To Profit From Falling Interest Rates

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Intermediate Duration Preferred & Income Fund (the "Fund") (NYSE: FPF) has increased its regularly scheduled monthly common share distribution to $0.1375 per share from $0.1075 per share. The distribution will be payable on December 15, 2023, to shareholders of record as of December 4, 2023. The ex-dividend date is expected to be December 1, 2023. The monthly distribution information for the Fund appears below. First Trust Intermediate Duration Pr.

First Trust Intermediate Duration Preferred & Income Fund Increases its Monthly Common Share Distribution to $0.1375 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 $0.1075 per share payable on November 15, 2023, to shareholders of record as of November 2, 2023. The ex-dividend date is expected to be November 1, 2023. 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 $0.1075 Per Share for November

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. ("FTA") announced today that Stonebridge Advisors LLC ("Stonebridge"), investment sub-advisor for First Trust Intermediate Duration Preferred & Income Fund (NYSE: FPF) (the "Fund"), will release an update on the market and the Fund for financial professionals and investors. To listen to the update, click on the following link: FPF Replay 10/19/2023 The update will be available Thursday, October 19, 2023, at 5:00 P.M. Eastern Time unt.

First Trust Advisors L.P. Announces Portfolio Manager Update for First Trust Intermediate Duration Preferred & Income Fund

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 $0.1075 per share payable on October 16, 2023, to shareholders of record as of October 3, 2023. The ex-dividend date is expected to be October 2, 2023. 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 $0.1075 Per Share for October

ArrowMark Financial

Only funds with yields over 8%, coverage higher than 90%, and trading at a discount are considered. Top lists of discount, yield, DxY, and DxYxZ are given. The top DxYxZ funds from this month's report are HFRO, BANX, and FPF.

The 'High-High-Low' Closed-End Fund Report, August 2023

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 $0.1075 per share payable on September 15, 2023, to shareholders of record as of September 5, 2023. The ex-dividend date is expected to be September 1, 2023. 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 $0.1075 Per Share for September

The First Trust Intermediate Duration Preferred & Income Fund (FPF) is a closed-end fund known for its investment in preferred and other income-producing securities. If we look at credit quality beneath the fund, the vast majority of securities are rated BBB. I suspect there will be a solid opportunity for long-term investors who are betting on a cycle that no longer favors US tech dominance, just after some strain happens.

FPF: Mean Reversion Potential Is There, Just Not Yet

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 $0.1075 per share payable on August 15, 2023, to shareholders of record as of August 2, 2023. The ex-dividend date is expected to be August 1, 2023. 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 $0.1075 Per Share for August

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 $0.1075 per share payable on July 17, 2023, to shareholders of record as of July 5, 2023. The ex-dividend date is expected to be July 3, 2023. 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 $0.1075 Per Share for July

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 $0.1075 per share payable on June 15, 2023, to shareholders of record as of June 2, 2023. The ex-dividend date is expected to be June 1, 2023. The monthly distribution information for the Fund appears below. First Trust Intermediate Duration Preferred & Income Fund (FPF):   Distri.

First Trust Intermediate Duration Preferred & Income Fund Declares its Monthly Common Share Distribution of $0.1075 Per Share for June

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 $0.1075 per share payable on May 15, 2023, to shareholders of record as of May 2, 2023. The ex-dividend date is expected to be May 1, 2023. The monthly distribution information for the Fund appears below.

First Trust Intermediate Duration Preferred & Income Fund Declares its Monthly Common Share Distribution of $0.1075 Per Share for May

Flaherty & Crumrine Total Return Fund Inc

Nuveen Preferred & Income Term Fund

Cohen & Steers Ltd. Duration Preferred & Income Fund, Inc.

Cohen & Steers Tax-Adv Pref Secs and Inc Fund

Preferreds Opportunity: Assessing The Carnage, What's Been Thrown Out With The Bathwater

Credit Suisse

Flaherty & Crumrine Dynamic Preferred & Income Fund

Flaherty & Crumrine Preferred Securities Income Fund Inc

John Hancock Preferred Income Fund II

John Hancock Preferred Income Fund

Nuveen Preferred & Income Opportunities Fund

Nuveen Preferred & Income Securities Fund

Nuveen Preferred & Income 2022 Term Fund

Nuveen Variable Rate Preferred & Income Fund

Flaherty & Crumrine Preferred Income Fund Inc

iSh SP US PrfSt Shs

Flaherty & Crumrine Preferred Income OpportunityFund Inc

Cohen & Steers Select Preferred and Income Fund

UBS Group AG

Today, I wanted to take a broader look at the preferred closed-end fund space. After struggling for most of the last year due to rapidly-rising interest rates, the latest banking failures sent preferred CEFs spiraling.

Preferred Closed-End Funds: Out Of The Frying Pan Into The Fire

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 $0.1075 per share payable on April 17, 2023, to shareholders of record as of April 4, 2023. The ex-dividend date is expected to be April 3, 2023. The monthly distribution information for the Fund appears below.

First Trust Intermediate Duration Preferred & Income Fund Declares its Monthly Common Share Distribution of $0.1075 Per Share for April

First Trust Intermediate Duration Preferred & Income Fund is a fixed income closed-end fund. The CEF invests in preferred securities of banks, insurance companies and other industries.

FPF: Coming Under Pressure Due To A Potential Bank Run

We review CEF market valuation and performance through the fourth week of February and highlight recent market action. CEFs registered the third down week in a row as upside inflation surprises weigh on markets.

CEF Weekly Review: Inverted Yield Curve And Low Leveraged Yield

FPF has successfully achieved its objective of generating a strong and steady yield of almost 8 percent, followed by a double-digit average total return. FPF's investments are highly concentrated on fixed income securities issued by financial institutes like insurance companies, banks, capital market firms.

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