First Trust Intermediate Duration Preferred & Income Fund (FPF) Files Form 4 Insider Buying : Scott T Fleming Buys 225 Shares

First Trust Intermediate Duration Preferred & Income Fund (FPF): Scott T Fleming , other of First Trust Intermediate Duration Preferred & Income Fund purchased 225 shares on Sep 22, 2016. The Insider buying transaction was reported by the company on Sep 22, 2016 to the Securities and Exchange Commission. The shares were purchased at $23.19 per share for a total value of $5,218.42 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Feb 18, 2016, Robert F Keith (other) purchased 512 shares at $21.84 per share price.On Jan 5, 2016, Thomas R Kadlec (director) purchased 1,000 shares at $21.15 per share price.Also, On Jan 4, 2016, Robert A Wolf (other) purchased 250 shares at $21.25 per share price.On Dec 3, 2015, Scott T Fleming (other) purchased 5,000 shares at $21.68 per share price.

First Trust Intermediate Duration Preferred & Income Fund (the Fund) is a newly organized non-diversified closed-end management investment company. The Fund’s primary investment objective is to seek a high level of current income. The Fund has a secondary objective of capital appreciation. The Fund will invest at least 80% of its managed assets in a portfolio of preferred and other income-producing securities issued by United States and non-United States Companies. The Fund also will invest at least 25% of its Managed Assets in the group of industries that are part of the financials sector as classified under the Global Industry Classification Standards developed by MSCI Inc. and Standard & Poor’s. First Trust Advisors L.P. is the investment advisor and Stonebridge Advisors LLC is the Fund’s sub-advisor.

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