- First Trust Intermediate Duration Preferred & Income Fund (FPF, Financial) declares $0.1375 monthly dividend per share.
- Distribution rate is 8.77% based on NAV and 9.09% based on closing market price.
- Dividend payable on June 16, 2025; record date and ex-dividend date is June 2, 2025.
WHEATON, Ill.—First Trust Intermediate Duration Preferred & Income Fund (FPF) has announced its regular monthly common share distribution of $0.1375 per share, payable on June 16, 2025. Shareholders recorded on June 2, 2025, will be eligible for this dividend, with the ex-dividend date also set for June 2, 2025.
The distribution rate stands at 8.77% based on the net asset value (NAV) of $18.82 as of May 19, 2025, and 9.09% based on the closing market price of $18.16 for the same date. The majority, if not all, of the distribution, is expected to be paid from the net investment income generated by the Fund, with a potential portion coming from net short-term realized capital gains or return of capital.
The Fund, managed by First Trust Advisors L.P., aims to deliver a stable monthly distribution, although adjustments may occur periodically. The Fund’s investment objectives are centered around high current income and capital appreciation, achieved primarily through investments in preferred and income-producing securities.
Additionally, the Fund has a secondary objective of capital appreciation and invests at least 80% of its managed assets in preferred and other income-generating securities issued by both U.S. and non-U.S. companies.
