First Trust Intermediate Duration Preferred & Income Fund Announces Monthly Distribution
Wheaton, IL, USA – First Trust Intermediate Duration Preferred & Income Fund (FPF) has announced its regularly scheduled monthly common share distribution. The distribution amount is $0.1375 per share, payable on April 15, 2025, to shareholders of record as of April 1, 2025.
Background on First Trust Intermediate Duration Preferred & Income Fund
First Trust Intermediate Duration Preferred & Income Fund is a closed-end investment company that seeks to provide a high level of income. The Fund invests in a diversified portfolio of preferred stocks and other income-producing securities. The investment objective is to provide a high level of income consistent with the preservation of capital.
Distribution Information
- Amount: $0.1375 per share
- Payable date: April 15, 2025
- Record date: April 1, 2025
- Ex-dividend date: April 1, 2025
Impact on Individual Investors
For individual investors, this distribution represents a regular source of income. Those who are shareholders of record as of the record date will receive the distribution amount. It is essential to note that the distribution does not represent a return of capital and is subject to change.
Impact on the World
The distribution announcement by First Trust Intermediate Duration Preferred & Income Fund is not expected to have a significant impact on the world at large. However, it is an essential component of the income-generating strategies for many investors. The Fund’s distribution policy is part of the broader trend of investment companies focusing on providing regular income to investors in a low-interest-rate environment.
Conclusion
First Trust Intermediate Duration Preferred & Income Fund has announced a monthly common share distribution of $0.1375 per share, payable on April 15, 2025. This distribution is a regular source of income for the Fund’s investors, and it highlights the importance of income-generating strategies in the current economic climate. The impact of this distribution on individual investors and the world at large is minimal, but it is an essential component of the investment landscape. Shareholders of record as of April 1, 2025, will receive the distribution, subject to change.
It is crucial for investors to understand the nature of the distribution and its potential impact on their investment portfolios. Consulting with a financial advisor can help investors make informed decisions about their investments and income-generating strategies.
