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Stock impact report

First Trust Intermediate Duration Preferred & Income Fund Decreases its Monthly Common Share Distribution to $0.1325 Per Share for October

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 decreased its regularly scheduled monthly common share distribution to $0.1325 per share from $0.1425 per share. The distribution will be payable on October 15, 2019, to shareholders of record as of October 2, 2019. The ex-dividend date is expected to be October 1, 2019. The monthly distribution information for the Fund appears below.First Trust Intermediate Duration Preferred & Income Fund (FPF):Distribution per share:$0.1325Distribution Rate based on the September 18, 2019 NAV of $23.90:6.65%Distribution Rate based on the September 18, 2019 closing market price of $23.75:6.69%Decrease from previous distribution of $0.1425:-7.02%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 determin Show less Read more
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