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 7,407 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
80% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 10
6% more funds holding
Funds holding: 107 [Q3] → 113 (+6) [Q4]
0.63% more ownership
Funds ownership: 25.31% [Q3] → 25.94% (+0.63%) [Q4]
4% less capital invested
Capital invested by funds: $297M [Q3] → $285M (-$12.6M) [Q4]
23% less repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 40
Research analyst outlook
We haven’t received any recent analyst ratings for FPF.
Financial journalist opinion
Positive
Seeking Alpha
4 weeks ago
FPF: Improving Diversification, But Wait For A Better Entry Point
The First Trust Intermediate Duration Preferred & Income Fund offers a high yield of 8.92%, superior to most index funds and many peers. Preferred stock dividends are taxed more favorably than bond interest, making the fund attractive for income-focused investors concerned with taxes. The fund fully covered its distributions in the most recent year, but it had to rely on its unrealized capital gains to do so.
Neutral
Business Wire
4 weeks ago
First Trust Intermediate Duration Preferred & Income Fund Declares its Monthly Common Share Distribution of $0.1375 Per Share for April
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, 2025, to shareholders of record as of April 1, 2025. The ex-dividend date is expected to be April 1, 2025. The monthly distribution information for the Fund appears below. First Trust Intermediate Duration Preferred & Income Fund (FPF): Dis.
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 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 March 17, 2025, to shareholders of record as of March 3, 2025. The ex-dividend date is expected to be March 3, 2025. The monthly distribution information for the Fund appears below. First Trust Intermediate Duration Preferred & Income Fund (FPF): Distr.
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 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 February 18, 2025, to shareholders of record as of February 3, 2025. The ex-dividend date is expected to be February 3, 2025. 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 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
4 months 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
4 months 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
5 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
6 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
7 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.
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