FPF
First Trust Intermediate Duration Preferred & Income Fund
About: First Trust Inter Dur Pref& Income Fund is a diversified, closed-end management investment company. Its primary investment objective is to seek a high level of current income. Further, it has a secondary objective of capital appreciation. The Fund invests in the traditional preferred securities, hybrid preferred securities, floating rate & fixed-to-floating rate preferred securities, debt securities, convertible securities, and contingent convertible securities issued by U.S. and non-U.S. companies. Its investment portfolio includes industries such as Banks, Insurance, Capital Markets, Electric Utilities, Oil, Gas & Consumable Fuels, Food Products, and others.
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
3% less repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 34
2% less funds holding
Funds holding: 108 [Q2] → 106 (-2) [Q3]
13.61% less ownership
Funds ownership: 38.92% [Q2] → 25.31% (-13.61%) [Q3]
15% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 13
32% less capital invested
Capital invested by funds: $435M [Q2] → $297M (-$138M) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for FPF.
Financial journalist opinion
Neutral
Business Wire
3 days ago
First Trust Intermediate Duration Preferred & Income Fund Declares its Monthly Common Share Distribution of $0.1375 Per Share for January
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 15, 2025, to shareholders of record as of December 31, 2024. The ex-dividend date is expected to be December 31, 2024. The monthly distribution information for the Fund appears below. First Trust Intermediate Duration Preferred & Income Fund (F.
Positive
Seeking Alpha
1 week ago
FPF: More Expensive Than Normal, But A Good Income Fund
First Trust Intermediate Duration Preferred & Income Fund offers an attractive 8.80% yield, outperforming most domestic fixed-income indices and many of its peers, appealing to income-focused investors. The FPF closed-end fund's strategy includes investing 80% in preferred and income-producing securities, with significant exposure to the banking sector, which has increased recently. The fund's banking sector exposure probably is nothing worth worrying about, especially since it is purchasing preferred stocks.
Neutral
Business Wire
1 month ago
First Trust Intermediate Duration Preferred & Income Fund Declares its Monthly Common Share Distribution of $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 $0.1375 per share payable on December 16, 2024, to shareholders of record as of December 2, 2024. The ex-dividend date is expected to be December 2, 2024. The monthly distribution information for the Fund appears below. First Trust Intermediate Duration Preferred & Income Fund (FP.
Neutral
Business Wire
2 months ago
First Trust Intermediate Duration Preferred & Income Fund Declares Its Monthly Common Share Distribution of $0.1375 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 $0.1375 per share payable on November 15, 2024, to shareholders of record as of November 1, 2024. The ex-dividend date is expected to be November 1, 2024. The monthly distribution information for the Fund appears below. First Trust Intermediate Duration Preferred & Income Fund (FP.
Neutral
Business Wire
3 months ago
First Trust Intermediate Duration Preferred & Income Fund Declares its Monthly Common Share Distribution of $0.1375 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 $0.1375 per share payable on October 15, 2024, to shareholders of record as of October 1, 2024. The ex-dividend date is expected to be October 1, 2024. The monthly distribution information for the Fund appears below. First Trust Intermediate Duration Preferred & Income Fund (FPF):.
Neutral
Business Wire
4 months ago
First Trust Intermediate Duration Preferred & Income Fund Declares its Monthly Common Share Distribution of $0.1375 Per Share for September
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 September 16, 2024, to shareholders of record as of September 3, 2024. The ex-dividend date is expected to be September 3, 2024. The monthly distribution information for the Fund appears below. First Trust Intermediate Duration Preferred & Income Fund.
Positive
Seeking Alpha
4 months ago
FPF: This High-Yielding CEF Is Taking Steps To Protect Itself Against Banking Problems
First Trust Intermediate Duration Preferred & Income Fund has seen share price appreciation due to expectations of interest rate cuts. Fund has a yield higher than most peers, partially due to a distribution increase a few months ago. The fund's leverage ratio is reasonable compared to peers, covering distribution through capital gains and net asset value increase.
Neutral
Business Wire
5 months ago
First Trust Intermediate Duration Preferred & Income Fund Declares its Monthly Common Share Distribution of $0.1375 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 $0.1375 per share payable on August 15, 2024, to shareholders of record as of August 1, 2024. The ex-dividend date is expected to be August 1, 2024. The monthly distribution information for the Fund appears below. First Trust Intermediate Duration Preferred & Income Fund (FPF): .
Neutral
Business Wire
6 months ago
First Trust Intermediate Duration Preferred & Income Fund Declares its Monthly Common Share Distribution of $0.1375 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 $0.1375 per share payable on July 15, 2024, to shareholders of record as of July 1, 2024. The ex-dividend date is expected to be July 1, 2024. The monthly distribution information for the Fund appears below. First Trust Intermediate Duration Preferred & Income Fund (FPF): Distribu.
Neutral
Business Wire
7 months ago
First Trust Intermediate Duration Preferred & Income Fund Declares its Monthly Common Share Distribution of $0.1375 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 $0.1375 per share payable on June 17, 2024, to shareholders of record as of June 3, 2024. The ex-dividend date is expected to be June 3, 2024. The monthly distribution information for the Fund appears below. First Trust Intermediate Duration Preferred & Income Fund (FPF): Distribu.
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