First Trust Intermediate Price, Forecast, Insider, Ratings, Fundamentals & Signals

Wheaton, ill.--(business wire)--first trust intermediate duration preferred & income fund (the "fund") (nyse: fpf) has declared the fund's regularly scheduled monthly common share distribution in the amount of $0.1375 per share payable on may 15, 2024, to shareholders of record as of may 2, 2024. the ex-dividend date is expected to be may 1, 2024. the monthly distribution information for the fund appears below. first trust intermediate duration preferred & income fund (fpf): distributio.

Wheaton, ill.--(business wire)--first trust intermediate duration preferred & income fund (the "fund") (nyse: fpf) has declared the fund's regularly scheduled monthly common share distribution in the amount of $0.1375 per share payable on april 15, 2024, to shareholders of record as of april 2, 2024. the ex-dividend date is expected to be april 1, 2024. the monthly distribution information for the fund appears below. first trust intermediate duration preferred & income fund (fpf):     d.

Wheaton, ill.--(business wire)--first trust intermediate duration preferred & income fund (the "fund") (nyse: fpf) has declared the fund's regularly scheduled monthly common share distribution in the amount of $0.1375 per share payable on march 15, 2024, to shareholders of record as of march 4, 2024. the ex-dividend date is expected to be march 1, 2024. the monthly distribution information for the fund appears below. first trust intermediate duration preferred & income fund (fpf): distr.

Wheaton, ill.--(business wire)--first trust intermediate duration preferred & income fund (the "fund") (nyse: fpf) has declared the fund's regularly scheduled monthly common share distribution in the amount of $0.1375 per share payable on february 15, 2024, to shareholders of record as of february 2, 2024. the ex-dividend date is expected to be february 1, 2024. the monthly distribution information for the fund appears below. first trust intermediate duration preferred & income fund (fp.

Wheaton, ill.--(business wire)--first trust intermediate duration preferred & income fund (the "fund") (nyse: fpf) has declared the fund's regularly scheduled monthly common share distribution in the amount of $0.1375 per share payable on january 16, 2024, to shareholders of record as of december 29, 2023. the ex-dividend date is expected to be december 28, 2023. the monthly distribution information for the fund appears below. first trust intermediate duration preferred & income fund (f.

FLC: Preferred Stocks Are Doing Well, But Don't Ignore The Risks

PTA: This Fund Could Be Vulnerable To A Market Correction

The First Trust Intermediate Duration Preferred & Income Fund provides investors with exposure to preferred securities and also focuses on an intermediate duration. FPF's valuation suggests it is trading around fair value based on longer-term average levels, but on a shorter-term basis valuation, it is looking a bit rich. FPF's intermediate duration could help keep it relatively less interest rate sensitive, but lower interest rates would still look to benefit the fund the most.

The First Trust Intermediate Duration Preferred & Income Fund offers a high yield of 9.57%, higher than many other preferred stock funds. 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 First Trust Intermediate Duration Preferred & Income Fund aims to reduce duration risk and provide income for risk-averse investors. The fund has underperformed fixed-income indices but offers a higher yield, making it an attractive option for income-focused investors. The fund's portfolio consists primarily of preferred stocks and bonds, with a focus on the financial services sector.

Only funds with yields over 8%, coverage higher than 90%, and trading at a discount are considered. Top lists of discount, yield, DxY, and DxYxZ are given. The top DxYxZ funds from this month's report are HFRO, BANX, and FPF.

PCEF: A 9% Yield ETF With A Concerning Track Record

Preferreds Opportunity: Assessing The Carnage, What's Been Thrown Out With The Bathwater

Today, I wanted to take a broader look at the preferred closed-end fund space. After struggling for most of the last year due to rapidly-rising interest rates, the latest banking failures sent preferred CEFs spiraling.

First Trust Intermediate Duration Preferred & Income Fund is a fixed income closed-end fund. The CEF invests in preferred securities of banks, insurance companies and other industries.