The First Trust Intermediate Duration Preferred & Income Fund Declares Monthly Distribution for July
WHEATON, Ill.- The First Trust Intermediate Duration Preferred & Income Fund (NYSE: FPF) has announced its regularly scheduled monthly common share distribution of $0.1375 per share, payable on July 15, 2024, to shareholders of record as of July 1, 2024.The ex-dividend date is expected to be July 1, 2024.
The Fund, managed by First Trust Advisors L.P. aims to provide investors with a steady income stream by investing in preferred and income securities.This monthly distribution represents a continued effort by the Fund to provide consistent returns to its shareholders.
Investors who are interested in participating in this distribution should ensure that they are on the Fund’s record as of July 1, 2024, to receive the payment on July 15, 2024.The ex-dividend date is the deadline by which an investor must own the stock in order to receive the dividend.
The First Trust Intermediate Duration Preferred & Income Fund has a history of regular monthly distributions, providing investors with a predictable source of income.These monthly distributions can be a valuable source of revenue for investors who rely on consistent cash flow from their investments.
Overall, the Fund’s commitment to providing monthly distributions is a testament to its dedication to shareholder value.Investors who are seeking steady income in their investment portfolio may find the First Trust Intermediate Duration Preferred & Income Fund to be a suitable option.
In conclusion, the announcement of the monthly distribution for July reaffirms the Fund’s commitment to providing consistent returns to its shareholders.Investors who are interested in participating in this distribution should take note of the record and ex-dividend dates to ensure timely receipt of their payments.
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