First Trust Advisors L.P. (“FTA”) announced today that First
Trust Intermediate Duration Preferred & Income Fund (NYSE: FPF)
(the “Fund”) intends to host a conference call with Stonebridge
Advisors LLC, the Fund’s investment sub-advisor, on Tuesday, January 28, 2014, at 4:15 P.M. Eastern
Time. The purpose of the call is to hear the Fund’s
portfolio management team provide an update for the Fund.
-- Dial-in Number: (866) 865-6631; International
(706) 679-1727; and Passcode # 31383903. Please call 10 to 15
minutes before the scheduled start of the teleconference. --
Telephone Replay: (855) 859-2056;
International (404) 537-3406; and Passcode # 31383903. The replay
will be available after the call until 11:59 P.M. Eastern Time on
Friday, February 28, 2014.
FTA, the Fund’s investment advisor, along with its affiliate,
First Trust Portfolios L.P., are privately-held companies which
provide a variety of investment services, including asset
management and financial advisory services, with collective assets
under management or supervision of approximately $85 billion as of
December 31, 2013, through unit investment trusts, exchange-traded
funds, closed-end funds, mutual funds and separate managed
accounts.
Stonebridge Advisors LLC (“Stonebridge”), the Fund’s
sub-advisor, is a registered investment advisor specializing in
preferred and hybrid securities. Stonebridge was formed in December
2004 by First Trust Portfolios L.P. and Stonebridge Asset
Management, LLC. The company had assets under management or
supervision of almost $3.5 billion as of December 31, 2013. These
assets come from separately managed accounts, an open-end mutual
fund, an actively managed exchange-traded fund, and the Fund.
If you have questions about the Fund that you would like
answered on the call, please email your questions to
cefquestions@ftadvisors.com in advance of the call and refer to
FPF, by Friday, January 24, 2014, 6:00 P.M.
The Fund is a non-diversified, closed-end management investment
company that seeks to provide a high level of current income. The
Fund has a secondary objective of capital appreciation. The Fund
seeks to achieve its investment objectives by investing in
preferred and other income-producing securities. Under normal
market conditions, the Fund invests at least 80% of its Managed
Assets in a portfolio of preferred and other income-producing
securities issued by U.S. and non-U.S. companies, including
traditional preferred securities, hybrid preferred securities that
have investment and economic characteristics of both preferred
securities and debt securities, floating rate and fixed-to-floating
rate preferred securities, debt securities, convertible securities,
and contingent convertible securities.
Past performance is no assurance of future results. Investment
return and market value of an investment in the Fund will
fluctuate. Shares, when sold, may be worth more or less than their
original cost.
Principal Risk Factors: Investment in this Fund involves
investment and market risk, market discount from net asset value
risk, management risk, preferred and hybrid preferred securities
risk, trust preferred securities risk, debt securities risk, credit
crisis liquidity and volatility risk, convertible
securities/contingent convertible securities risk, risks of
concentration in the financial sector, government intervention in
the financial markets risk, REIT risk, credit and below investment
grade securities risk, credit rating agency risk, leverage risk,
foreign (non-U.S.) securities risk, emerging markets risk, common
stock risk, U.S. government securities risk, foreign government
securities risk, municipal securities risk, illiquid and restricted
securities risk, valuation risk, inflation/deflation risk,
potential conflicts of interest risk, new types of securities risk,
counterparty and prime brokerage risk, portfolio turnover risk,
non-diversified shares risk, market disruption, geopolitical risk,
risk related to certain affiliations and anti-takeover provisions,
temporary defensive strategies risk, risks related to the secondary
market for the fund’s common shares and risks related to changes in
law.
The Fund is designed for long-term investing and not as a
vehicle for trading. Shares of closed-end investment companies
frequently trade at a discount from their net asset value (“NAV”).
The Fund cannot predict whether or when its common shares will
trade at, below or above NAV, or at, below or above the initial
public offering price.
Below investment-grade securities, which are commonly referred
to as “junk” or “high-yield” securities, while generally offering
higher yields than investment-grade debt with similar maturities,
involve greater risks. These risks include the possibility of
dividend or interest deferral, default or bankruptcy, and are
regarded as predominantly speculative with respect to the issuer’s
capacity to pay dividends or interest and repay principal. See
“Credit and Below Investment-Grade Securities Risk” in the
“Additional Risk Considerations” section in the prospectus.
The risks of investing in the Fund are spelled out in the
prospectus, shareholder report, and other regulatory filings.
The Fund’s daily New York Stock Exchange closing price and net
asset value per share as well as other related information can be
found at www.ftportfolios.com or by calling 1-800-988-5891.
First Trust Advisors L.P.Jeff Margolin - (630) 915-6784
First Trust Intermediate... (NYSE:FPF)
Historical Stock Chart
From Sep 2024 to Oct 2024
First Trust Intermediate... (NYSE:FPF)
Historical Stock Chart
From Oct 2023 to Oct 2024