First Trust Intermediate Duration Preferred & Income Fund (FPF)
Market Closed
17 Jul, 20:00
NYSE NYSE Primary NASDAQ $
17. 99
-0.12
-0.6626%
$
1.1B Market Cap
1.65% Div Yield
69,700 Volume
$ 18.11
Previous Close 
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FPF: Positive Returns But Not Enough Appeal Here
The First Trust Intermediate Duration Preferred & Income Fund remains a "Hold" as it trades near its historical discount and faces interest rate uncertainty. FPF's 8.93% monthly distribution appears attractive, with improved NII coverage, but it is likely to start leveling out. The fund's distribution is also relatively tax-friendly, with a large portion being qualified dividends.
Seekingalpha | 2 months ago
