WHEATON, Ill.--(BUSINESS WIRE)-- First Trust Intermediate Duration Preferred & Income Fund $(FPF)$ announced its monthly common share distribution of $0.1375 per share, payable on July 15, 2025, to shareholders of record as of July 1, 2025. The distribution rate is 9.04% based on the June 17, 2025, closing market price of $18.26. The Fund aims to provide high current income and potential capital appreciation by investing in preferred and other income-producing securities.
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