Business Context and Reporting Period
This Form 8-K is a current report filed by First Trust Intermediate Duration Preferred & Income Fund on October 5, 2021. The filing serves to disclose a press release (Exhibit 99.1) issued by First Trust Advisors L.P. regarding an upcoming market and fund update to be released by Stonebridge Advisors LLC, the Fund's investment sub-advisor, on October 7, 2021.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This document is a procedural disclosure regarding a future communication event rather than a financial results report.
Material Changes
No material financial changes or comparative period data are reported in this filing. The document solely announces the scheduling of a market update.
Guidance, Outlook, and Risks
Management Commentary: The Fund's sub-advisor, Stonebridge Advisors LLC, is scheduled to release an update on the market and the Fund on October 7, 2021. Details of this update are contained in the attached press release (Exhibit 99.1), which is not included in the provided text.
Risks and Contingencies: The filing text does not explicitly list new risks or contingencies beyond the standard disclosure of the upcoming market update.
Investor Verification Checklist
- Verify the content of the press release (Exhibit 99.1) to understand the specific market and fund update details.
- Confirm the release of the Stonebridge Advisors LLC update on October 7, 2021.
- Review subsequent filings for actual financial performance data, as this 8-K contains no quantitative metrics.