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Slideshow 10 Top Ranked Dividend Paying Financials

By The Online Investor Staff, updated Sat., Oct. 25, 2:53 PM

#10. First Trust Intermediate Duration Preferred & Income Fund (NYSE:FPF) — 8.7% YIELD

First Trust Intermediate Duration Preferred & Income Fund is a newly organized, non-diversified, closed-end management investment company registered under the 1940 Act. Co. was organized as a Massachusetts business trust pursuant to a Declaration of Trust. As a newly organized entity, Co. has no operating history. Co.'s primary investment objective is to seek a high level of income. Co. has a secondary objective of capital appreciation. There can be no assurance that Co.'s investment objectives can be achieved. Under normal market conditions, Co. invests at least 80% of its Managed Assets in a portfolio of preferred and other income-producing securities issued by U.S. and non-U.S. companies.

Company Name:  First Trust Intermediate Duration Preferred & Income Fund
Website:  www.ftportfolios.com
Sector:  Investment Brokerages
Number of ETFs Holding FPF:  1
Total Market Value Held by ETFs:  $9.87M

Open the FPF Page at The Online Investor (in a new window) »

October 25, 2014    2:53 PM Eastern
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