First Trust Intermediate Duration Preferred & Income Fund (FPF)
The First Trust Intermediate Duration Preferred & Income Fund (FPF) functions as a closed-end mutual fund, primarily managed by First Trust Advisors L.P., with Stonebridge Advisors, LLC also contributing to its management. This fund strategically allocates capital within the fixed-income markets. A notable aspect of its investment approach is the inclusion of below-investment-grade instruments, commonly known as high-yield or "junk" securities. Established on May 23, 2013, the FPF is legally domiciled within the United States.
Industry: Asset Management - Income
First Trust Intermediate Duration Preferred & Income Fund
NYSE:FPFFinancial Services · Asset Management - Income
AHAfter hours+0.00%$15.87
Prev close$15.67+1.28%Close$15.870.00%Now$15.87
Close$15.87+1.28%
Mkt Cap$965.66M
Float60.84M
O/S60.85M
VOL246K sh
$ Vol$3.89M
RVOL0.71×
Inst Own31.2%
Div Yield10.40%
Dilution
Financials Summary
Revenue$142.1M
Net Income$119.98M
Total Assets$1.88B
Free Cash Flow$74.86M
Debt & Equity
Debt 35%
Equity 65%
Total Debt$653.48M
Total Equity$1.22B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in FPF's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$1.88B
Liabilities$664.54M
Accounts Receivable$21.9M
Accounts Payable$9.51M
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 | 2021-10-31 | 2020-10-31 | 2019-10-31 | 2018-10-31 | 2017-10-31 | 2016-10-31 | 2015-10-31 | 2014-10-31 | 2013-10-31 |
| Revenue | $142.1M | $114.8M | $25.36M | $104.83M | $155.39M | $52.82M | $199.15M | -$38.25M | $191.4M | $149.74M | $144.54M | $136.8M | $51.7M |
| YoY Growth | 23.8% | 352.8% | -75.8% | -32.5% | 194.2% | -73.5% | -620.7% | -120.0% | 27.8% | 3.6% | 5.7% | 164.6% | - |
| Cost of Revenue | $16.3M | $15.42M | $32.09M | $17.58M | $19.49M | $17.68M | $18.37M | $19.24M | $19M | $18.23M | $25.21M | $24.2M | $9.1M |
| Gross Profit | $125.8M | $99.38M | -$21.78M | -$300.52M | $232.83M | $35.14M | $180.77M | -$57.49M | $172.4M | $131.51M | $119.32M | $112.6M | $42.6M |
| Gross Margin | 88.5% | 86.6% | -85.9% | -286.7% | 149.8% | 66.5% | 90.8% | 150.3% | 90.1% | 87.8% | 82.6% | 82.3% | 82.4% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$0 | $1 | $1 | $0 | $0 | $0 |
| Selling, General, and Administrative | $1.33M | $1.34M | $1.41M | $1.34M | $1.53M | $1.35M | $1.36M | $1.45M | $1.23M | $1 | $248K | $300K | $100K |
| Other | -$28.21M | $1.25M | $318K | $20K | $24K | -$9.08M | $23K | $21K | $21K | $60.77M | $179K | $200K | -$0 |
| Total Operating Expenses | -$26.88M | $2.59M | $1.73M | $1.36M | $1.55M | -$7.73M | $1.38M | $1.47M | $1.25M | -$14.6M | $427K | $500K | $100K |
| Operating Income (EBIT) | $152.68M | $312.18M | $8.58M | -$290.34M | $237.06M | $82K | $217.04M | -$22.81M | $201.62M | $146.11M | $118.89M | $112.1M | $42.4M |
| Operating Margin | 107.4% | 271.9% | 33.8% | -277.0% | 152.6% | 0.2% | 109.0% | 59.7% | 105.3% | 97.6% | 82.3% | 81.9% | 82.0% |
| Interest Expense | $32.7M | $35.4M | $32.09M | $11.54M | $5.77M | $9.19M | $19.27M | $16.9M | $11.46M | $7.55M | -$35.2M | $59.2M | -$35.1M |
| Interest Income | $98.58M | $98.08M | $93.1M | $92.13M | $91.64M | $92.61M | $106.3M | $110.93M | $105.98M | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$32.7M | -$35.4M | -$32.09M | -$11.54M | -$5.77M | -$9.19M | -$19.27M | $0 | $19M | -$7.55M | -$35.2M | $59.2M | -$35.1M |
| Income Before Tax (EBT) | $119.98M | $276.78M | -$23.51M | -$301.88M | $231.28M | -$9.11M | $197.77M | -$39.72M | $190.15M | $138.55M | $83.7M | $171.3M | $7.3M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$161K | $201.62M | $0 | $0 | $0 | $0 |
| Net Income | $119.98M | $276.78M | -$23.51M | -$301.88M | $231.28M | -$9.11M | $197.77M | -$39.72M | $190.15M | $146.11M | $83.7M | $171.3M | $7.3M |
| Net Income Margin | 84.4% | 241.1% | -92.7% | -288.0% | 148.8% | -17.2% | 99.3% | 103.8% | 99.3% | 97.6% | 57.9% | 125.2% | 14.1% |
| Supplementary Data | |||||||||||||
| EPS | 1.97 | 4.55 | -0.39 | -4.98 | 3.80 | -0.15 | 3.26 | -0.65 | 3.12 | 2.40 | 1.38 | 2.82 | 0.12 |
| Diluted EPS | 1.97 | 4.55 | -0.39 | -4.98 | 3.80 | -0.15 | 3.26 | -0.65 | 3.12 | 2.40 | 1.38 | 2.82 | 0.12 |
| Weighted Average OS | 60.85M | 60.85M | 60.28M | 60.67M | 60.82M | 60.72M | 60.67M | 60.77M | 60.77M | 60.80M | 60.70M | 60.70M | 60.70M |
| EBITDA | $152.68M | $312.18M | $8.58M | -$290.34M | $237.06M | $82K | $217.04M | -$39.56M | $201.62M | $138.55M | $48.5M | $230.5M | -$27.8M |
| EBITDA Margin | 107.4% | 271.9% | 33.8% | -277.0% | 152.6% | 0.2% | 109.0% | 103.4% | 105.3% | 92.5% | 33.6% | 168.5% | -53.8% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 | 2021-10-31 | 2020-10-31 | 2019-10-31 | 2018-10-31 | 2017-10-31 | 2016-10-31 | 2015-10-31 | 2014-10-31 | 2013-10-31 |
| Assets | |||||||||||||
| Current Assets | |||||||||||||
| Cash and Cash Equivalents | $4.26M | $14.32M | $5.82M | $205K | $9.72M | $20.45M | $8.44M | $6.32M | $7.67M | $9.47M | $26.88M | $21.2M | $35.1M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $4.26M | $14.32M | $5.82M | $205K | $9.72M | $20.45M | $8.44M | $6.32M | $7.67M | $9.47M | $26.88M | $21.2M | $35.1M |
| Accounts Receivable | $21.9M | $20.68M | $20.28M | $24.56M | $32.78M | $19.38M | $28.76M | $23.98M | $31.69M | $43.13M | $32.33M | $35.2M | $30.5M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $39.64M | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | -$20.69M | $0 | $0 | $0 | -$39.83M | $0 | -$30.3M | -$39.64M | -$52.6M | $0 | $0 | $0 |
| Total Current Assets | $26.18M | $14.32M | $26.1M | $24.76M | $42.49M | $0 | $37.2M | $30.3M | $39.35M | $63.99M | $59.21M | $56.4M | $65.6M |
| Long-Term Assets | |||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $1.86B | $1.77B | $1.55B | $1.65B | $2.16B | $1.97B | $2.11B | $1.99B | $2.18B | $2.06B | $2.03B | $2.1B | $1.96B |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.99B | -$2.18B | $0 | -$2.03B | -$2.1B | -$1.96B |
| Total Long-Term Assets | $1.86B | $1.77B | $1.55B | $1.65B | $2.16B | $1.97B | $2.11B | $1.99B | $2.18B | $2.06B | $2.03B | $2.1B | $1.96B |
| Other Assets | $0 | $20.69M | $0 | $328 | $12K | $2.02B | $8.09M | $0 | $4.22M | $34K | $948K | $0 | $100K |
| Total Assets | $1.88B | $1.8B | $1.58B | $1.68B | $2.2B | $2.02B | $2.15B | $2.02B | $2.22B | $2.13B | $2.09B | $2.16B | $2.03B |
| Liabilities | |||||||||||||
| Current Liabilities | |||||||||||||
| Accounts Payable | $9.51M | $17.22M | $4.73M | $2.64M | $6.28M | $15.23M | $20.43M | $1.67M | $3.29M | $0 | $10.39M | $12.1M | $14.7M |
| Short-Term Debt | $100M | $49K | $28K | $31K | $39K | $36K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $4.71M | $2.6M | $6.24M | $15.2M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | -$100M | -$1.58M | -$6.44M | -$4.33M | -$8.32M | -$32.21M | $3.73M | $4K | $2K | $5.65M | $544K | $0 | $0 |
| Total Current Liabilities | $9.51M | $17.22M | $4.73M | $2.64M | $6.28M | $0 | $26.09M | $10.68M | $5.24M | $21.13M | $10.93M | $12.1M | $14.7M |
| Long-Term Liabilities | |||||||||||||
| Long-Term Debt | $653.48M | $583.4M | $553.2M | $549.6M | $676M | $616M | $0 | $0 | $0 | $645M | $645M | $665M | $584M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $1.56M | $1.53M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $655.03M | $584.93M | $553.2M | $549.6M | $676M | $616M | $646M | $620M | $680M | $645M | $645M | $665M | $584M |
| Other Liabilities | $0 | $483.4M | $1.72M | $1.7M | $2.04M | $643.84M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $664.54M | $602.15M | $559.65M | $553.93M | $684.33M | $643.84M | $672.09M | $630.68M | $685.24M | $666.13M | $655.93M | $677.1M | $598.7M |
| Stockholders' Equity | |||||||||||||
| Preferred Stock | $0 | $0 | $241.61M | $239.4M | $0 | $0 | $0 | $39.13M | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $608K | $608K | $608K | $608K | $608K | $608K | $608K | $608K | $608K | $608K | $607K | $600K | $600K |
| Retained Earnings | -$134.14M | -$153.4M | -$392.64M | -$301.39M | -$52.27M | -$55.8M | -$23.69M | -$56.43M | $5.56M | $8.34M | -$23.92M | -$12.1M | -$7.1M |
| Comprehensive Income & Other | -$6.69M | -$30.38M | -$241.61M | -$239.4M | $138.04M | $0 | $65.07M | -$39.13M | $81.02M | $2.93M | $14.79M | $47.2M | -$13.3M |
| Other Stockholders' Equity | $1.35B | $1.35B | $1.41B | $1.42B | $1.57B | $1.43B | $1.51B | $1.44B | $1.53B | $1.45B | $1.46B | $1.49B | $1.43B |
| Total Equity | $1.22B | $1.2B | $1.02B | $1.12B | $1.52B | $1.38B | $1.48B | $1.39B | $1.54B | $1.46B | $1.44B | $1.48B | $1.43B |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $1.88B | $1.8B | $1.58B | $1.68B | $2.2B | $2.02B | $2.15B | $2.02B | $2.22B | $2.13B | $2.09B | $2.16B | $2.03B |
| Supplementary Data | |||||||||||||
| Total Debt | $653.48M | $583.4M | $553.2M | $549.6M | $676M | $616M | $646M | $620M | $680M | $645M | $645M | $665M | $584M |
| Net Debt | $649.21M | $569.08M | $547.38M | $549.39M | $666.28M | $595.55M | $637.56M | $613.68M | $672.33M | $635.53M | $618.12M | $643.8M | $548.9M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 | 2021-10-31 | 2020-10-31 | 2019-10-31 | 2018-10-31 | 2017-10-31 | 2016-10-31 | 2015-10-31 | 2014-10-31 | 2013-10-31 |
| Operating Activities | |||||||||||||
| Net Income | $119.98M | $276.78M | -$23.51M | -$301.88M | $231.28M | -$9.11M | $197.77M | -$39.72M | $190.15M | $138.55M | $83.7M | $171.3M | $7.3M |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||
| Accounts Receivable | $1.45M | -$535K | $403K | $619K | -$1.68M | $2.58M | $878K | $1.52M | $1.16M | $2.57M | $2.93M | -$4.7M | $0 |
| Inventory | $0 | $0 | $0 | -$8K | $0 | $0 | $0 | -$3.93M | -$7.46M | $0 | $0 | $0 | $0 |
| Accounts Payable | $52K | -$205K | $23K | -$285K | $259K | -$182K | $80K | $7.04M | $225K | -$314K | $1.71M | $2.6M | $0 |
| Other Working Capital | -$122K | -$194K | $1.07M | $1.48M | $14K | -$1.02M | -$120K | $4.41M | $484K | -$5.02M | $26.97M | -$83.4M | $0 |
| Total Working Capital Change | $1.38M | -$934K | $1.49M | $1.8M | -$1.41M | $1.37M | $838K | $9.04M | $1.86M | -$2.76M | $31.62M | -$85.5M | -$2.01B |
| Other Non-Cash Items | -$46.49M | -$198.98M | $93.05M | $507.57M | -$224.32M | $153.6M | -$103.93M | $196.89M | -$113.97M | -$24.26M | $32.01M | -$64.7M | $35.1M |
| Net Cash from Operating | $74.86M | $76.87M | $71.03M | $207.49M | $5.55M | $145.87M | $94.68M | $166.21M | $78.05M | $113.8M | $147.33M | $21.1M | -$1.97B |
| Investing Activities | |||||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$850.25M | -$668.31M | -$643.86M | -$491.83M | -$888.84M | -$871.02M | -$801.44M | -$597.19M | -$713.06M | -$987.36M | $0 | $0 | $0 |
| Sales of Investments | $795.7M | $679.78M | $654.56M | $610.29M | $809.02M | $921.89M | $794.17M | $645M | $669.34M | $979.33M | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | -$54.55M | $11.47M | $10.7M | $118.45M | -$79.82M | $50.87M | -$7.27M | $47.81M | -$43.72M | -$8.03M | $0 | $0 | $0 |
| Financing Activities | |||||||||||||
| Debt Repaid | -$70.08M | -$30.2M | -$3.6M | $126.4M | -$60M | $30M | -$26M | $60M | -$35M | - | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $669K | $1.37M | $0 | $0 | $0 | $0 | $1.43M | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.43M | $0 | $0 | $1.45B |
| Dividends Paid | -$100.4M | -$98.57M | -$79.71M | -$91.27M | -$92.98M | -$96.62M | -$103.3M | -$107.56M | -$114.85M | -$118.41M | -$127.93M | -$116M | -$27.8M |
| Other Financing Activities | $0 | $0 | -$3K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$19.89M | $81M | $2.03B |
| Net Cash from Financing | -$30.32M | -$68.37M | -$76.11M | -$217M | -$31.62M | -$126.62M | -$77.3M | -$167.56M | -$79.85M | -$116.99M | -$147.82M | -$35M | $2B |
| Forex Effect | $0 | $0 | $0 | -$118.45M | $79.82M | -$50.87M | $7.27M | -$47.81M | $43.72M | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$10.05M | $8.5M | $5.62M | -$9.51M | -$26.07M | $19.25M | $17.38M | -$1.34M | -$1.8M | -$17.41M | -$496K | -$14M | $35.1M |
| Supplementary Data | |||||||||||||
| Operating Cash Flow | $74.86M | $76.87M | $81.73M | $207.49M | $5.55M | $145.87M | $94.68M | $166.21M | $78.05M | $113.8M | $147.33M | $21.1M | -$1.97B |
| Capital Expenditure | $4 | $0 | $0 | $0 | -$4 | $5 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $74.86M | $76.87M | $81.73M | $207.49M | $5.55M | $145.87M | $94.68M | $166.21M | $78.05M | $113.8M | $147.33M | $21.1M | -$1.97B |
| Cash at Beginning | $14.32M | $5.82M | $205K | $9.72M | $35.78M | $16.53M | -$847K | $7.67M | $9.47M | $26.88M | $21.2M | $35.1M | $0 |
| Cash at End | $4.26M | $14.32M | $5.82M | $205K | $9.72M | $35.78M | $16.53M | $6.32M | $7.67M | $9.47M | $20.7M | $21.1M | $35.1M |