First Trust Intermediate Duration Preferred & Income Fund Appoints Denise M. Keefe as Class I Trustee, Member of the Audit Committee, the Valuation Committee and the Nominating and Governance Committee, Effective November 1, 2021
October 21, 2021 at 04:23 pm EDT
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First Trust Advisors L.P. (?FTA?) announced the appointment of Denise M. Keefe as a Class I Trustee of First Trust Intermediate Duration Preferred & Income Fund, effective November 1, 2021. Ms. Keefe is Executive Vice President of Advocate Aurora Health and President of Advocate Aurora Continuing Health Division (together, ?Advocate?). Ms. Keefe has also been appointed as a member of the Audit Committee, the Valuation Committee and the Nominating and Governance Committee for First Trust Intermediate Duration Preferred & Income Fund.
First Trust Intermediate Duration Preferred & Income Fund (the Fund) is a diversified, closed-end management investment company. The Fundâs primary investment objective is to seek a high level of current income. The Fund seeks to achieve its objectives by investing, under normal market conditions, at least 80% of its managed assets in preferred securities and other income producing securities issued by United States and non-United States 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, capital markets, oil, gas and consumable fuels, food products, electric utilities, and others. The Fundâs investment advisor is First Trust Advisors L.P.
First Trust Intermediate Duration Preferred & Income Fund Appoints Denise M. Keefe as Class I Trustee, Member of the Audit Committee, the Valuation Committee and the Nominating and Governance Committee, Effective November 1, 2021