Company Overview
The First Trust Intermediate Duration Preferred & Income Fund operates as a closed-end fixed income mutual fund that is launched and managed by First Trust Advisors L.P., with co-management responsibilities held by Stonebridge Advisors, LLC. This entity functions within the Financial Services sector, specifically serving the Asset Management industry, which involves the professional management of capital for clients through various investment vehicles including mutual funds and exchange-traded funds. The company holds a substantial market capitalization of $1.05B, while specific figures for annual revenue and employee count are not disclosed in the available data. The magnitude of the $1.05B market cap indicates that the fund represents a significant asset under management within the broader asset management landscape, suggesting a diversified portfolio of fixed income securities and below investment-grade securities that collectively support its operational scale.
Financial Health
Specific revenue, net income, and EBITDA figures are not currently available for the fund in the provided financial data, preventing a direct calculation of the gap between top-line earnings and bottom-line profit. Similarly, data regarding free cash flow, total cash on hand, and total debt obligations are not disclosed, which limits the ability to assess the fund's immediate financial flexibility or leverage position through standard balance sheet metrics. The gross margin is reported at 0.0%, the operating margin is 0.0%, and the profit margin is 0.0%; these figures are characteristic of a closed-end fund structure where net asset value and fees are calculated differently than traditional operating companies, indicating that traditional margin analysis does not apply in the conventional sense. Without disclosed total cash and total debt numbers, a direct comparison between liquidity assets and liabilities cannot be made, and consequently, the debt-to-equity ratio is listed as N/A, meaning the balance sheet leverage profile is not quantifiable using the standard metric. The current ratio is also unavailable, so short-term liquidity relative to current liabilities cannot be evaluated using this specific metric. Furthermore, the Return on Equity and Return on Assets are both listed as N/A, which precludes an analysis of how effectively management is generating returns from shareholders' equity or the total asset base based on the provided data.
Valuation Assessment
The trailing twelve-month P/E ratio stands at 8.80, while the forward P/E is not available; this absence of a forward metric implies that the market is currently valuing the fund based strictly on historical earnings rather than projecting a specific future earnings trajectory through analyst consensus. The price-to-book ratio is not available in the current data, so a direct comparison of the market price against the book value of the fund's assets cannot be established to determine a premium or discount. Additionally, the price-to-sales ratio and EV/EBITDA multiples are both unavailable, meaning alternative valuation metrics that often provide context for capital-intensive businesses or unprofitable firms are not applicable or disclosed for this specific asset. The fund's price has fluctuated between a 52-week low of $15.60 and a 52-week high of $19.75, placing the trading range within a specific band that reflects recent market sentiment toward preferred securities. The beta value is not available, which prevents a quantitative assessment of the fund's price volatility relative to the broader market movements.
Growth & Income
Revenue growth year-over-year and earnings growth year-over-year are both listed as N/A, indicating that the fund does not disclose standard growth rates or that the closed-end nature of the vehicle makes traditional YoY growth comparisons less relevant than dividend metrics. For dividend payers, the fund offers a dividend yield of 9.5% with a payout ratio of 83.8%, which suggests that the distribution to shareholders is high relative to the available earnings data, though the sustainability of such a ratio depends on the stability of the underlying preferred income streams. Since the growth metrics are not disclosed, it is not possible to determine if earnings are growing faster or slower than revenue, nor can a traditional growth profile be summarized. The overall income profile is defined by the high dividend yield of 9.5%, while the growth characteristics remain undefined due to the lack of available growth rate data in the facts provided.