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     159  0 Kommentare First Trust Intermediate Duration Preferred & Income Fund Declares its Monthly Common Share Distribution of $0.1325 Per Share for February

    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 $0.1325 per share payable on February 18, 2020, to shareholders of record as of February 4, 2020. The ex-dividend date is expected to be February 3, 2020. The monthly distribution information for the Fund appears below.

    First Trust Intermediate Duration Preferred & Income Fund (FPF):

    Distribution per share:

    $0.1325

    Distribution Rate based on the January 17, 2020 NAV of $24.88:

    6.39%

    Distribution Rate based on the January 17, 2020 closing market price of $24.16:

    6.58%

    The majority, and possibly all, of this distribution will be paid out of net investment income earned by the Fund. A portion of this distribution may come from net short-term realized capital gains or return of capital. The final determination of the source and tax status of all 2020 distributions will be made after the end of 2020 and will be provided on Form 1099-DIV.

    The Fund is a non-diversified, closed-end management investment company that seeks to provide a high level of current income. The Fund has a secondary objective of capital appreciation. The Fund will seek to achieve its investment objectives by investing in preferred and other income-producing securities. Under normal market conditions, the Fund will invest at least 80% of its Managed Assets in a portfolio of preferred and other income-producing securities issued by U.S. and non-U.S. companies, including traditional preferred securities, hybrid preferred securities that have investment and economic characteristics of both preferred securities and debt securities, floating rate and fixed-to-floating rate preferred securities, debt securities, convertible securities and contingent convertible securities.

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    First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor. FTA and its affiliate First Trust Portfolios L.P. ("FTP"), a FINRA registered broker-dealer, are privately-held companies that provide a variety of investment services. FTA has collective assets under management or supervision of approximately $145 billion as of December 31, 2019 through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts. FTA is the supervisor of the First Trust unit investment trusts, while FTP is the sponsor. FTP is also a distributor of mutual fund shares and exchange-traded fund creation units. FTA and FTP are based in Wheaton, Illinois.

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    First Trust Intermediate Duration Preferred & Income Fund Declares its Monthly Common Share Distribution of $0.1325 Per Share for February 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 $0.1325 per share payable on February 18, 2020, to shareholders of …