First Trust Intermediate Duration Preferred & Income Fund of Beneficial Interest (FPF)

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First Trust Intermediate Duration Preferred & Income Fund (the Fund) is a non-diversified, closed-end management investment company. The Fund is focused on investing, under normal market conditions, at least 80% of its managed assets in preferred securities and other income producing securities issued by United States (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. The Fund has investments in various industry sectors, such as banks; insurance; electric utilities; food products; capital markets; diversified telecommunication services; diversified financial services; consumer finance and oil, gas and consumable fuels. The Fund’s investment advisor is First Trust Advisors L.P.