FIRST TRUST INTERMEDIATE DURATION PREFERRED & INCOME FUND - FPF STOCK NEWS

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First Trust Intermediate Duration Preferred & Income Fund (FPF) is a diversified, closed-end management investment company with a primary objective of offering a high level of current income to its investors. Additionally, the fund aims for capital appreciation as a secondary objective. Established under the stewardship of First Trust Advisors L.P., the fund invests in a variety of financial instruments, which include traditional preferred securities, hybrid preferred securities, floating rate, and fixed-to-floating rate preferred securities. Moreover, FPF's portfolio extends to debt securities, convertible securities, and contingent convertible securities issued by both U.S. and non-U.S. companies.

FPF's diverse investment portfolio spans several key industries such as Banks, Insurance, Capital Markets, Electric Utilities, Oil, Gas & Consumable Fuels, and Food Products. This diversification strategy is designed to balance risk and potential returns, providing a stable income stream for investors. The fund is committed to maintaining a disciplined approach to investing, adhering to core principles such as re-balancing, tax control, and long-term investment strategies.

First Trust Advisors L.P., the fund manager, was founded in 1991 with a mission to offer reliable investment products and advisory services. They focus on helping financial advisors and their clients define goals, solve investment challenges, and develop sustainable long-term strategies. The fund's management team is dedicated to delivering superior products, services, and results that contribute to client prosperity.

Recent achievements for FPF include maintaining robust performance metrics and expanding its portfolio to include high-quality securities across various sectors. Current projects involve further diversification and exploring new opportunities to enhance income and capital appreciation prospects. The fund’s disciplined investment approach and commitment to re-balancing ensure that it remains a resilient option for investors seeking consistent income and growth potential.

FPF's transparency and commitment to providing original ideas and inventive products make it a trusted choice for investors. The fund continues to thrive on its principles, such as knowing what you own and investing for the long term, ensuring it remains a viable investment option for years to come.