FPF: Inconsistent Distribution Coverage Limits Appeal
Seeking Alphaยท2025-08-21 15:30
Group 1 - First Trust Intermediate Duration Preferred & Income Fund (NYSE: FPF) operates as a closed-end fund providing exposure to a global range of preferred and income securities [1] - Income funds like FPF can be an efficient way to boost investment income while capturing total returns comparable to traditional index funds [1] - The fund aims to create a hybrid system between growth and income, allowing investors to achieve returns on par with the S&P [1]