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First Trust Intermediate Duration Preferred & Income Fund (the "Fund") (NYSE:FPF) has decreased its regularly scheduled monthly common share distribution to $0.1075 per share from $0.1125 per share. The distribution will be payable on March 15, 2023, to shareholders of record as of March 3, 2023. The ex-dividend date is expected to be March 2, 2023. The monthly distribution information for the Fund appears below.
First Trust Intermediate Duration Preferred & Income Fund (FPF): |
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Distribution per share: |
$0.1075 |
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Distribution Rate based on the February 17, 2023 NAV of $20.10: |
6.42% |
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Distribution Rate based on the February 17, 2023 closing market price of $18.34: |
7.03% |
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Decrease from previous distribution of $0.1125: |
-4.44% |
The majority, and possibly all, of this distribution will be paid out of net investment income earned by the Fund. A portion of this distribution may come from net short-term realized capital gains or return of capital. The final determination of the source and tax status of all 2023 distributions will be made after the end of 2023 and will be provided on Form 1099-DIV.
Posted In: FPF