Business Context and Reporting Period
This Form 8-K is a current report filed by First Trust Intermediate Duration Preferred & Income Fund on June 22, 2023. The filing addresses corporate governance changes rather than periodic financial performance.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on amendments to the Fund's By-Laws and does not contain financial statements or operational metrics.
Material Changes
On June 22, 2023, the Board of Trustees amended and restated the Fund's By-Laws, effective immediately. The primary material change includes:
- Rescission of Article XII and its accompanying control share provisions.
- Other conforming amendments to the By-Laws.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies. The document serves solely to disclose the legal amendment to the By-Laws and references a press release dated June 23, 2023, as an exhibit.
Key Facts for Investors to Verify
- Confirm the full text of the Amended and Restated By-Laws (Exhibit 3.1) to understand the specific removal of control share provisions.
- Review the accompanying press release (Exhibit 99.1) for any additional context regarding the governance change.
- Note that this filing does not impact the Fund's financial position or investment strategy directly, but alters its corporate governance structure.