WHEATON, Ill.--(BUSINESS WIRE)-- First Trust Intermediate Duration Preferred & Income Fund $(FPF)$ has announced its monthly common share distribution of $0.1375 per share, payable on June 16, 2025, for shareholders of record as of June 2, 2025. The distribution rate is based on the May 19, 2025, NAV of $18.82 and closing market price of $18.16, resulting in rates of 8.77% and 9.09% respectively. The fund aims to provide high current income and capital appreciation by investing in preferred and income-producing securities.
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