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Stock impact report

FPF: Preferred Exposure Benefiting From A Friendlier Rate Environment [Seeking Alpha]

First Trust Intermediate Duration Preferred & Income Fund Common Shares of Beneficial Interest (FPF) 
Company Research Source: Seeking Alpha
The fund has been seeing strong total return performance thanks to a stabilizing long rate environment and short rates being cut. The fund delivers a distribution yield of 8.75%, with rising coverage boding well that they should maintain the current rate. cokada/iStock via Getty Images Written by Nick Ackerman, co-produced by Stanford Chemist First Trust Intermediate Duration Preferred & Income Fund ( FPF ) is a closed-end fund focused on the preferred securities space, as its name would imply. These are generally safer More on my IG service At the CEF/ETF Income Laboratory , we manage closed-end fund ( CEF ) and exchange-traded fund (ETF) portfolios targeting safe and reliable ~8% yields to make income investing easy for you. Check out what our members have to say about our service. To see all that our exclusive membership has to offer, sign up for a free trial by clicking on the button below! This article was written by Analyst's Disclosure: I/we have no stock, op Show less Read more
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