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First Trust Intermediate Duration Preferred & Income Fund (NYSE: FPF) has announced its monthly common share distribution of $0.1375 per share for May 2025. The distribution is payable on May 15, 2025, to shareholders of record as of May 1, 2025.
Based on April 17, 2025 figures, the distribution rate stands at 9.01% based on NAV of $18.31, and 9.64% based on the closing market price of $17.11. The majority of this distribution is expected to come from net investment income, with possible portions from short-term capital gains or return of capital.
The Fund maintains a diversified portfolio with at least 80% of its Managed Assets invested in preferred and income-producing securities from U.S. and non-U.S. companies. First Trust Advisors L.P. manages approximately $258 billion in assets as of March 31, 2025, while sub-advisor Stonebridge Advisors oversees about $13 billion as of February 28, 2025.
First Trust Intermediate Duration Preferred & Income Fund (NYSE: FPF) has announced its monthly common share distribution of $0.1375 per share for April 2025. The distribution is payable on April 15, 2025, to shareholders of record as of April 1, 2025, with an expected ex-dividend date of April 1, 2025.
The Fund aims to provide high current income and capital appreciation by investing in preferred and income-producing securities. Under normal conditions, it invests at least 80% of Managed Assets in preferred securities, including traditional, hybrid, floating-rate, and convertible securities from U.S. and non-U.S. companies.
First Trust Advisors (FTA), the Fund's investment advisor, manages approximately $266 billion in assets as of February 28, 2025. Stonebridge Advisors , the Fund's sub-advisor specializing in preferred securities, oversees about $13 billion in assets.
First Trust Intermediate Duration Preferred & Income Fund (NYSE: FPF) has announced its monthly common share distribution of $0.1375 per share for March, payable on March 17, 2025, to shareholders of record as of March 3, 2025. The ex-dividend date is also March 3, 2025.
The Fund aims to provide high current income and capital appreciation by investing in preferred and income-producing securities. Under normal conditions, it invests at least 80% of managed assets in preferred securities, hybrid securities, debt securities, and convertible securities from U.S. and non-U.S. companies.
The distribution is expected to be primarily funded through net investment income, with possible portions from short-term capital gains or return of capital. First Trust Advisors L.P. manages approximately $266 billion in assets as of January 31, 2025, while sub-advisor Stonebridge Advisors oversees about $12.7 billion as of December 31, 2024.
First Trust Intermediate Duration Preferred & Income Fund (NYSE: FPF) has announced its monthly common share distribution of $0.1375 per share for February, payable on February 18, 2025, to shareholders of record as of February 3, 2025. Based on January 17, 2025 figures, this represents a distribution rate of 8.58% on NAV ($19.23) and 8.86% on market price ($18.63).
The Fund aims to provide high current income and capital appreciation by investing in preferred and income-producing securities. Under normal conditions, it invests at least 80% of managed assets in preferred securities, hybrid securities, debt securities, and convertible securities from U.S. and non-U.S. companies. First Trust Advisors L.P. serves as the investment advisor with approximately $256 billion in assets under management, while Stonebridge Advisors acts as sub-advisor with about $12.7 billion under management.
First Trust Intermediate Duration Preferred & Income Fund (NYSE: FPF) has announced its monthly common share distribution of $0.1375 per share, payable on January 15, 2025, to shareholders of record as of December 31, 2024. The distribution rate is 8.46% based on the December 18, 2024 NAV of $19.50, and 9.14% based on the closing market price of $18.06.
The Fund aims to provide high current income and capital appreciation by investing in preferred and income-producing securities. Under normal conditions, it invests at least 80% of managed assets in preferred securities, hybrid securities, and other income-producing instruments. The Fund is managed by First Trust Advisors L.P., with approximately $264 billion in assets under management as of November 30, 2024, and sub-advised by Stonebridge Advisors
First Trust Intermediate Duration Preferred & Income Fund (NYSE: FPF) has announced its monthly common share distribution of $0.1375 per share for December, payable on December 16, 2024, to shareholders of record as of December 2, 2024. Based on the November 19, 2024 NAV of $19.59, the distribution rate is 8.42%, while based on the closing market price of $18.61, it's 8.87%.
The Fund seeks to provide high current income and capital appreciation by investing in preferred and income-producing securities. Under normal conditions, it invests at least 80% of Managed Assets in preferred and income-producing securities from U.S. and non-U.S. companies. First Trust Advisors manages approximately $245 billion in assets as of October 31, 2024.
First Trust Intermediate Duration Preferred & Income Fund (NYSE: FPF) has declared its monthly common share distribution of $0.1375 per share for November, payable on November 15, 2024, to shareholders of record as of November 1, 2024. The distribution rate is 8.26% based on the October 18, 2024 NAV of $19.98, and 8.53% based on the closing market price of $19.35.
The Fund seeks to provide a high level of current income and capital appreciation by investing in preferred and other income-producing securities. It is managed by First Trust Advisors L.P. (FTA) and sub-advised by Stonebridge Advisors FTA has approximately $245 billion in assets under management, while Stonebridge manages about $12.9 billion as of September 30, 2024.
Investors should be aware of various risks, including market risk, interest rate risk, and sector concentration in financials. The Fund uses leverage, which can magnify losses.
First Trust Intermediate Duration Preferred & Income Fund (NYSE: FPF) has declared its monthly common share distribution of $0.1375 per share for October 2024.
Shareholders of record as of October 1, 2024, will receive the payment on October 15, 2024. The ex-dividend date is also October 1, 2024.
The distribution rate based on the NAV of $19.88 as of September 18, 2024, is 8.30%, and 8.66% based on the closing market price of $19.06.
The distribution will primarily come from net investment income, with potential contributions from net short-term realized capital gains or return of capital. The final determination of the source and tax status of all 2024 distributions will be provided on Form 1099-DIV after the end of 2024.
The Fund aims to provide a high level of current income and capital appreciation by investing in preferred and other income-producing securities. It maintains a diversified portfolio with at least 80% of Managed Assets in such securities under normal market conditions.
First Trust Intermediate Duration Preferred & Income Fund (NYSE: FPF) has declared its monthly common share distribution of $0.1375 per share for September, 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. Based on the August 19, 2024 NAV of $19.39, the distribution rate is 8.51%, and based on the closing market price of $18.52, it's 8.91%.
The Fund seeks to provide a high level of current income and capital appreciation by investing in preferred and other income-producing securities. It's managed by First Trust Advisors L.P. and sub-advised by Stonebridge Advisors The Fund maintains a practice of seeking relatively stable monthly distributions, which may be changed periodically.
First Trust Intermediate Duration Preferred & Income Fund (NYSE: FPF) has declared its monthly common share distribution of $0.1375 per share for August, payable on August 15, 2024, to shareholders of record as of August 1, 2024. The distribution rate is 8.56% based on the July 19, 2024 NAV of $19.27, and 9.13% based on the closing market price of $18.07.
The Fund seeks to provide a high level of current income and capital appreciation by investing in preferred and income-producing securities. It is managed by First Trust Advisors L.P. and sub-advised by Stonebridge Advisors The Fund's assets under management were approximately $228 billion as of June 30, 2024.
Investors should be aware of risks including market fluctuations, interest rate changes, and sector concentration in financials. The Fund uses leverage, which can magnify losses.