First Trust Intermediate Duration Preferred & Income Fund Stock Price, News & Analysis
Company Description
First Trust Intermediate Duration Preferred & Income Fund (FPF) is a diversified closed-end management investment company in the First Trust fund family. The fund's primary investment objective is to seek a high level of current income, and its secondary objective is capital appreciation.
FPF invests across income-oriented securities issued by U.S. and non-U.S. companies. Its stated investment universe includes traditional preferred securities, hybrid preferred securities, floating-rate and fixed-to-floating-rate preferred securities, debt securities, convertible securities, and contingent convertible securities. The portfolio may include issuers from financial and nonfinancial industries, including banks, insurance, capital markets, electric utilities, energy-related companies, food products, and other sectors.
As a closed-end fund, FPF is organized as an investment company rather than an operating business. Its economic profile is defined by the securities held in its portfolio, the income those holdings generate, changes in market value, fund expenses, and the governance structure that applies to shareholders. The fund's preferred and hybrid income focus gives it exposure to instruments that can combine fixed-income characteristics with issuer-specific credit, interest-rate, call, conversion, and capital-structure features.
FPF's public-company record is also shaped by fund governance. Proxy materials for the fund identify shareholder voting matters, including trustee elections, in joint annual meeting materials filed with other First Trust funds. These governance records are part of the recurring public disclosure framework for a registered closed-end fund.
Stock Performance
First Trust Intermediate Duration Preferred & Income Fund (FPF) stock last traded at $17.97. Over the past 12 months, the stock has lost 2.0%, ranking #1,324 in 52-week price change. At a market capitalization of $1.1B, FPF is classified as a small-cap stock with approximately 60.8M shares outstanding.
Latest News
First Trust Intermediate Duration Preferred & Income Fund has 10 recent news articles, with the latest published 4 days ago. Of the recent coverage, 5 articles coincided with positive price movement and 4 with negative movement. View all FPF news →
SEC Filings
First Trust Intermediate Duration Preferred & Income Fund has filed 6 recent SEC filings, including 2 Form DEF 14A, 1 Form 3, 1 Form 5, 1 Form N-CEN. The most recent filing was submitted on March 5, 2026. SEC filings provide transparency into a company's financial condition, material events, and regulatory compliance. View all FPF SEC filings →
Financial Highlights
Upcoming Events
Ex-dividend date
Distribution payable
First Trust Intermediate Duration Preferred & Income Fund has 2 upcoming scheduled events. The next event, "Ex-dividend date", is scheduled for July 1, 2026 (in 8 days). 2 of the upcoming events are financial in nature, such as earnings calls or quarterly results. Investors can track these dates to stay informed about potential catalysts that may affect the FPF stock price.
Short Interest History
Short interest in First Trust Intermediate Duration Preferred & Income Fund (FPF) currently stands at 41.7 thousand shares, down 5.6% from the previous reporting period, representing 0.1% of the shares outstanding. Over the past 12 months, short interest has decreased by 85.6%.
Days to Cover History
Days to cover for First Trust Intermediate Duration Preferred & Income Fund (FPF) currently stands at 1.0 days. This low days-to-cover ratio indicates high liquidity, allowing short sellers to quickly exit positions if needed. The days to cover has decreased 44.1% over the past year, suggesting improved liquidity for short covering. The ratio has shown significant volatility over the period, ranging from 1.0 to 3.3 days.
FPF Company Profile & Sector Positioning
First Trust Intermediate Duration Preferred & Income Fund (FPF) operates in the Asset Management industry within the broader Financial Services sector and is listed on the NYSE. In monthly performance, the stock ranks #2,361 among all tracked companies.
Investors comparing FPF often look at related companies in the same sector, including Cornerstone Total Return Fund Inc (CRF), Oaktree Specialty (OCSL), MidCap Financial (MFIC), Trinity Capital Inc. (TRIN), and Prospect Capital (PSEC). Comparing financial metrics, valuation ratios, and stock performance across these peers can help investors evaluate FPF's relative position within its industry.