Form 4: First Trust Intermediate Duration Preferred & Income Fund: Officer Reports Acquisition of Shares
SEC Form 4 Filing
Angelo D. Graci, Officer-Investment Sub-Advisor at First Trust Intermediate Duration Preferred & Income Fund, reports the acquisition of 6,000 common shares on March 4, 2024.
Summary
- On March 4, 2024, Angelo D. Graci, an Officer-Investment Sub-Advisor of First Trust Intermediate Duration Preferred & Income Fund, acquired 6,000 common shares of the fund.
- The shares were purchased at a price of $17.4 per share.
- Following the transaction, Mr. Graci directly owns 15,241 common shares of the fund.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Positives
- An officer of the fund increasing their holdings could be seen as a positive signal.
Industry Context
Form 4 filings are standard disclosures required by the SEC when insiders of a company buy or sell the company's securities. This provides transparency to the market regarding insider transactions.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| October 26, 2023 | Date of execution of the Power of Attorney. |
| 03/04/2024 | Date of transaction: Acquisition of 6,000 common shares. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.