FPF: May Be Best To Pare Back Your Position Today (Rating Downgrade) [Seeking Alpha]
First Trust Intermediate Duration Preferred & Income Fund Common Shares of Beneficial Interest (FPF)
US:NYSE Investor Relations:
ftportfolios.com/retail/cef/cefsummary.aspx?ticker=fpf
Company Research
Source: Seeking Alpha
The fund has outperformed major fixed-income indices and even the S&P 500 Index, which is impressive for a fixed-income fund. Investors should be cautious as the fund's recent gains may not be sustainable due to uncertainty around interest rate cuts and potential market correction. The fund failed to cover its distribution during its most recent full-year period, representing the second year in a row of destructive ROC. The fund's shares are currently trading at a discount, but it might be a good idea to take some of your recent gains. Looking for a helping hand in the market? Members of Energy Profits in Dividends get exclusive ideas and guidance to navigate any climate. Learn More » The First Trust Intermediate Duration Preferred & Income Fund NYSE: FPF ) is a closed-end fund that income-focused investors can employ in pursuit of their goals. The fund does a reasonably good job at the provision of income as its 9.57% yield is higher than many other preferred stock funds.
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Impact Snapshot
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High impacting First Trust Intermediate Duration Preferred & Income Fund Common Shares of Beneficial Interest news events
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FPF
News
- First Trust Intermediate Duration Preferred & Income Fund Declares its Monthly Common Share Distribution of $0.1375 Per Share for MayBusiness Wire
- First Trust Intermediate Duration Preferred & Income Fund Declares its Monthly Common Share Distribution of $0.1375 Per Share for AprilBusiness Wire
- First Trust Intermediate Duration Preferred & Income Fund Declares its Monthly Common Share Distribution of $0.1375 Per Share for MarchBusiness Wire
FPF
Sec Filings
- 4/18/24 - Form 3
- 4/10/24 - Form 4/A
- 4/5/24 - Form 4
- FPF's page on the SEC website