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 18 items in 2 pages
Capital One National Association Non CallableB+ 0.403/30/160.400.40100.00
BEAL BANK USA Non Callable OH, TXRating Not Available 0.659/28/160.650.65100.00
BANK HAPOALIM B.M. Non Callable MT, TXRating Not Available 0.709/30/160.704950.00100.00
THE PEOPLES BANK - Magnolia, AR Non CallableRating Not Available 0.4010/11/160.400.40100.00
STANDARD BANK AND TRUST CO Non Callable IL, INRating Not Available 0.6012/30/160.600.60100.00
CARDINAL BANK(FMRLY CARDINAL BANK, NA, FAIRFAX) - MC LEAN, VA Non CallableRating Not Available 0.803/30/170.800.80100.00
ALLY BANK Non CallableB- 0.853/30/170.850.85100.00
Apple Bank for Savings Non CallableC 0.754/7/170.750.75100.00
UNITED BANKERS BANK - Bloomington, MN Non CallableB- 1.059/29/171.061.05100.00
BMO HARRIS BANK NATIONAL ASSOCIATION Non CallableB 1.109/29/171.101.10100.00
KEY BANK NA Non Callable AK, CO, FL, ID, IN, MI, NH, NY, OH, OR, UT, WARating Not Available 1.1510/2/171.151.15100.00
BMW Bank of North America Non CallableB 1.1010/2/171.101.10100.00
Discover Bank Non CallableB 1.6510/1/181.661.65100.00
Ally Bank Non CallableRating Not Available 1.7010/1/181.711.70100.00
GOLDMAN SACHS BANK USA Non CallableRating Not Available 2.009/30/192.012.00100.00
Last Updated: 9/23/2015 at 3:18 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.