Company: FPF
Filing Date: 2025-03-13
Form Type: DEF 14A
Source: 0001445546-25-002022
Chunk: 24

Company: First Trust Intermediate Duration Preferred & Income Fund
Filing Date: 2025-03-13
Form: DEF 14A
Chunk 24
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 paid up to $25,000 annually (effective March 12, 2024),
the Chair of the Audit Committee is paid $25,000 annually, the Chair of the Valuation Committee is paid $20,000 annually, the Chair of
the Nominating and Governance Committee is paid $20,000 annually and the Vice Chair of the Audit Committee is paid $15,000 annually (effective
March 12, 2024) to serve in such capacities with compensation allocated pro rata among each fund in the First Trust Fund Complex based
on its net assets. Trustees are also reimbursed by the funds in the First Trust Fund Complex for travel and out-of-pocket expenses incurred
in connection with all meetings. Each Committee Chair, the Audit Committee Vice Chair, the Lead Independent Trustee and the Vice Lead
Independent Trustee rotate in accordance with the rotation periods established by the Board.

The number of Board
meetings held by each Fund during its last fiscal year is shown in Schedule 1 hereto.

The aggregate fees
and expenses paid to all Trustees by each Fund for its last fiscal year (including reimbursement for travel and out-of-pocket expenses)
amounted to the following:

| Fund                                                      |    Aggregate Fees 
 and Expenses Paid |
| First Trust Enhanced Equity Income Fund                   |           $51,808 |
| First Trust Intermediate Duration Preferred & Income Fund |           $45,110 |
| First Trust Mortgage Income Fund                          |           $44,141 |

<div align='center'>-19-</div>

The following table
sets forth certain information regarding the compensation of each Fund’s Trustees (including reimbursement for travel and out-of-pocket
expenses) for each Fund’s most recently completed fiscal year. The Funds have no retirement or pension plans. The executive officers
and the Interested Trustee of each Fund receive no compensation from the Funds for serving in such capacities.

<div align='center'>Trustee Compensation</div>

|                                                            | Interested 
    Trustee | Independent 
    Trustees |           |          |           |           |          |          |
| Fund                                                       |   James A. 
      Bowen |  Richard E. 
    Erickson | Thomas R. 
    Kadlec |          | Denise M. 
     Keefe | Robert F. 
     Keith |  Niel B. 
  Nielson |  Bronwyn 
   Wright |
| First Trust Enhanced Equity Income Fund1                   |         $0 |      $8,627 |    $8,657 |          |    $8