First Trust Intermediate Duration Preferred & Income Fund (FPF)
Market Closed
16 Oct, 08:00 PM
NYSE NYSE Primary NASDAQ $
15. 80
+0.1
+0.6369%
$
965.66M Market Cap
1.65% Div Yield
654,421 Volume
$ 15.7
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 | 5 months ago
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