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APPLE BANK FOR SAVINGS Non CallableC0.107/7/157/7/150.100.10100
BANK OF INDIA Non Callable MT, OH, TXRating Not Available0.307/8/157/8/150.300.30100
THE PEOPLES BANK - Magnolia, AR Non CallableA-0.207/14/157/14/150.200.20100
SAFRA NATIONAL BANK OF NEW YORK Non CallableRating Not Available0.307/15/157/15/150.300.30100
VECTRA BANK COLORADO Non CallableRating Not Available0.451/4/161/4/160.454950.00100
SANTANDER BANK NA (FORMERLY SOVEREIGN BANK NA) Non CallableB0.501/7/161/7/160.500.50100
CHEROKEE STATE BANK - Cherokee, IA Non CallableB+0.301/8/161/8/160.300.30100
HORIZON FINANCIAL BANK - Munich, ND Non CallableRating Not Available0.301/15/161/15/160.300.30100
SUMMIT COMMUNITY BANK, INC - Moorefield, WV Non CallableC+0.301/28/161/28/160.300.30100
MARYLAND FINANCIAL BANK - Towson, MD Non CallableC+0.503/7/163/7/160.500.50100
APPLE BANK FOR SAVINGS Non CallableRating Not Available0.507/7/167/7/160.500.50100
APPLE BANK FOR SAVINGS Non CallableC0.457/7/167/7/160.450.45100
CENTRAL STATE BANK - State Center, IA Non CallableC+0.557/8/167/8/160.550.55100
GOLDMAN SACHS BANK USA Non CallableRating Not Available1.051/9/171/9/171.051.05100
Discover Bank Non CallableB2.951/7/251/7/252.972.95100
Last Updated: 12/30/2014 at 1:07 PM Eastern

FPF: First Trust Intermediate Duration Preferred & Income Fund

by Monte Traficante | May 10, 2013

The offering will be priced at $25 and will have a targeted annual dividend yield of 7%, paid on a monthly basis. The last day to purchase this offering before it starts trading on the NYSE is Tuesday, May 28th.  After that date it will trade on the NYSE under the symbol FPF and will fluctuate up or down from the initial offering price.

 FPF:  First Trust Intermediate Duration Preferred & Income Fund

·        70-75% of the initial allocation will be in the Institutional $1,000 Preferred securities market- (not readily available to the normal retail investor)

·        The portfolio will have ZERO negative yield to call

·        7% targeted Annual Dividend Yield

·        Monthly Income payments to start 60-90 days after the initial offering date

·        $25 Initial price with No commission charge to you

·        Tuesday, May 28th is the last day to purchase before it starts trading on the NYSE under FPF and will then start fluctuating down or up from the $25 starting price

·        Initial target to use leverage will be around 30% of the portfolio

·        Is not FDIC insured and not guaranteed by any government entity

Click here to read the brochure and Preliminary Prospectus carefully. If you’d like to ask questions about this offering or anything else you may have questions on, contact us via email or call 800-225-6196.