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Stock impact report

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

First Trust Intermediate Duration Preferred & Income Fund Common Shares of Beneficial Interest (FPF) 
Company Research Source: Business Wire
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 15, 2024, to shareholders of record as of March 4, 2024. The ex-dividend date is expected to be March 1, 2024. The monthly distribution information for the Fund appears below.First Trust Intermediate Duration Preferred & Income Fund (FPF):Distribution per share:$0.1375Distribution Rate based on the February 16, 2024 NAV of $18.68:8.83%Distribution Rate based on the February 16, 2024 closing market price of $17.15:9.62%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 2024 distributions will be made after the end of Show less Read more
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