Business Context and Reporting Period
This Form 8-K is a current report filed by First Trust Intermediate Duration Preferred & Income Fund on May 28, 2020. The filing addresses corporate governance updates rather than operational or financial performance for a specific fiscal period.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is strictly administrative and contains no financial statement data.
Material Changes
On May 28, 2020, the Board of Trustees amended and restated the Fund's By-Laws, effective immediately. Key changes include:
- Authorization to conduct virtual shareholder meetings.
- Revisions to advance notice provisions for shareholder proposals.
- New attendance requirements for shareholder nominees standing for election as Trustees.
- Other clarifying and conforming amendments.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies. The document focuses solely on the legal amendment of the By-Laws.
Key Facts for Investor Verification
- Verify the full text of the Amended and Restated By-Laws attached as Exhibit 3.1 to understand the specific procedural changes.
- Confirm how the new virtual meeting provisions may impact shareholder engagement and voting logistics.
- Note that this filing does not reflect changes in the Fund's investment strategy or portfolio composition.