FPF

First Trust Intermediate Duration Preferred & Income Fund is a diversified closed-end management investment company. The fund's investment objective is to provide high current income and total return by investing primarily in preferred securities and income-producing debt securities. The portfolio typically includes investment-grade and below-investment-grade preferred stocks, corporate bonds, and other fixed-income instruments with intermediate duration characteristics. The fund uses leverage to enhance returns and distributes income to shareholders on a regular basis.