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FPF

First Trust Intermediate Duration Preferred & Income Fund

FPF

Market cap $1.04B

17.03 USD

-0.09

0.53%

At close Updated Sep 11, 4:00 PM EDT

1 day

-0.53%

5 days

-2.8%

1 month

-4.06%

3 months

-4.54%

6 months

-6.89%

Year to date

-8.69%

1 year

-12.31%

5 years

-34.04%

10 years

-26.82%

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.

Financials Asset Management

News

Positive

Neutral

Negative

Sentiment 3-Months

Positive 25%

Neutral 75%

Negative 0%

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 15, 2026, to shareholders of record as of September 1, 2026. The ex-dividend date is expected to be September 1, 2026. 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 $0.1375 Per Share for September

FPF: Very Attractive Yield, But Inflation Presents Risks

The First Trust Intermediate Duration Preferred & Income Fund offers a 9.34% yield, outperforming most fixed-income indices and common equities. FPF employs leverage and focuses on investment-grade preferred stocks, with 78.2% of its portfolio rated BBB or higher, enhancing yield while moderating credit risk. Rising interest rate expectations have pressured FPF's NAV and share price, with further rate hikes posing downside risk; waiting until after the July Fed meeting is prudent.

FPF: Very Attractive Yield, But Inflation Presents Risks

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 17, 2026, to shareholders of record as of August 3, 2026. The ex-dividend date is expected to be August 3, 2026. 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 $0.1375 Per Share for August

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, 2026, to shareholders of record as of July 1, 2026. The ex-dividend date is expected to be July 1, 2026. 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 $0.1375 Per Share for July

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 15, 2026, to shareholders of record as of June 1, 2026. The ex-dividend date is expected to be June 1, 2026. 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 $0.1375 Per Share for June

FPF: Positive Returns But Not Enough Appeal Here

The First Trust Intermediate Duration Preferred & Income Fund remains a "Hold" as it trades near its historical discount and faces interest rate uncertainty. FPF's 8.93% monthly distribution appears attractive, with improved NII coverage, but it is likely to start leveling out. The fund's distribution is also relatively tax-friendly, with a large portion being qualified dividends.

FPF: Positive Returns But Not Enough Appeal Here

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

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 May 15, 2026, to shareholders of record as of May 1, 2026. The ex-dividend date is expected to be May 1, 2026. The monthly distribution information for the Fund appears below. First Trust Intermediate Duration Preferred & Income Fund (FPF): Distributio.

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

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, 2026, to shareholders of record as of April 1, 2026. The ex-dividend date is expected to be April 1, 2026. 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 $0.1375 Per Share for April

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 16, 2026, to shareholders of record as of March 2, 2026. The ex-dividend date is expected to be March 2, 2026. 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 $0.1375 Per Share for March

FPF: Dividend Can Be Sustained But Not A Buy Yet

First Trust Intermediate Duration Preferred (FPF) remains a hold, offering an 8.7% yield and monthly payouts for income-focused investors. FPF's portfolio is heavily concentrated in financial sector preferreds, with over half of holdings below investment grade, increasing credit and sector risk. Dividend coverage has improved, but remains inconsistent and reliant on net realized gains, limiting long-term NAV growth and capital appreciation.

FPF: Dividend Can Be Sustained But Not A Buy Yet

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