Form 4: First Trust Intermediate Duration Preferred & Income Fund: Officer Angelo D. Graci Reports Common Share Purchases

Angelo D. Graci, an officer of the investment sub-advisor for First Trust Intermediate Duration Preferred & Income Fund, reported purchasing common shares of the fund on April 5, 2024.

Summary

• On April 5, 2024, Angelo D. Graci, an officer of the investment sub-advisor for First Trust Intermediate Duration Preferred & Income Fund, filed a Form 4.
• The filing indicates that Mr. Graci purchased 2,000 common shares at $17.56 per share and 1,500 common shares at $17.57 per share.
• Following these transactions, Mr. Graci directly owns 11,741 common shares.
• Mr. Graci has granted power of attorney to several individuals to execute and file Forms 3, 4, and 5 on his behalf.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard disclosure of share purchases by an officer. While insider buying can be seen as a positive signal, it's not overwhelmingly positive without additional context.

Positives

• The officer's purchase of shares could be interpreted as a positive signal, indicating confidence in the fund's prospects.

Future Outlook

The document does not contain any specific forward-looking statements about the fund's future performance.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency regarding the transactions of company insiders. These filings are closely watched by investors for signals about management's view of the company's prospects.

Key Dates