Company: FPF
Filing Date: 2025-03-13
Form Type: DEF 14A
Source: 0001445546-25-002022
Chunk: 8

Company: First Trust Intermediate Duration Preferred & Income Fund
Filing Date: 2025-03-13
Form: DEF 14A
Chunk 8
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 shareholders of each Fund for a three-year term.

Each Fund has established
a staggered Board of Trustees pursuant to its By-Laws, and, accordingly, Trustees are divided into the following three (3) classes:
Class I, Class II and Class III. James A. Bowen, Niel B. Nielson and Bronwyn Wright are currently the Class III Trustees
of each Fund for a term expiring at the Meeting or until their respective successors are elected and qualified. If elected, Mr. Bowen,
Mr. Nielson and Ms. Wright will hold office for a three-year term expiring at each Fund’s 2028 annual meeting of shareholders. Denise
M. Keefe, Robert F. Keith, Richard E. Erickson and Thomas R. Kadlec are current and continuing Trustees. Ms. Keefe and Mr. Keith
are the Class I Trustees for a term expiring at each Fund’s 2026 annual meeting of shareholders. Dr. Erickson and Mr. Kadlec
are the Class II Trustees for a term expiring at each Fund’s 2027 annual meeting of shareholders. Each Trustee will continue to
serve until his or her successor is elected and qualified, or until he or she earlier resigns or is otherwise removed.

Required Vote:
For each Fund, the nominees for election as the Class III Trustees must be elected by the affirmative vote of the holders of a plurality
of the Shares of the Fund, cast in person or by proxy at the Meeting and entitled to vote thereon, provided a quorum is present. Abstentions,
withheld votes with respect to one or more nominees and broker non-votes, if any, will have no effect on the approval of the proposal.
Proxies cannot be voted for a greater number of persons than the number of seats open for election.

Unless you give contrary
instructions on your proxy card, your Shares will be voted FOR the election of each nominee listed if your proxy card has been properly
executed and timely received by the applicable Fund. If a nominee should withdraw or otherwise become unavailable for election prior to
the Meeting, the proxies named on your proxy card intend to vote FOR any substitute nominee recommended by a Fund’s Board of Trustees
in accordance with the Fund’s procedures.

<div align='center'>The Board of Trustees of Each Fund Unanimously Recommends that Shareholders Vote
FORthe Election of Each Nominee.

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Management</div>

Management of the
Funds

The general supervision
of the duties