Company: FPF
Filing Date: 2025-03-13
Form Type: DEF 14A
Source: 0001445546-25-002022
Chunk: 3

Company: First Trust Intermediate Duration Preferred & Income Fund
Filing Date: 2025-03-13
Form: DEF 14A
Chunk 3
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 about March 21, 2025.

This Joint Proxy Statement
is being furnished in connection with the solicitation of proxies by the Boards of Trustees of the funds listed above (each a “Fund”and collectively the “Funds”), each a Massachusetts business trust, for use at the Joint Annual Meetings of Shareholders
of the Funds scheduled to be held on Monday, April 21, 2025, at 11:30 a.m. Central Time, at the Wheaton, Illinois offices of First
Trust Advisors L.P., the investment advisor to each Fund, located at 120 East Liberty Drive, Suite 400, Wheaton, Illinois 60187,
and at any adjournments or postponements thereof (collectively, the “Meeting”). A Notice of Joint Annual Meetings of
Shareholders and a proxy card accompany this Joint Proxy Statement. The Board of Trustees of each Fund has determined that the use of
this Joint Proxy Statement is in the best interests of the Fund in light of the same matter being considered and voted on by shareholders.

The principal offices
of each of the Funds are located at 120 East Liberty Drive, Suite 400, Wheaton, Illinois 60187.

Proxy solicitations
for the Funds will be made primarily by mail. However, proxy solicitations may also be made by telephone or personal interviews conducted
by officers and service providers of the Funds, including any agents or affiliates of such service providers.

The costs incurred
in connection with the preparation of this Joint Proxy Statement and its enclosures will be paid by the Funds. The Funds will also reimburse
brokerage firms and others for their expenses in forwarding proxy solicitation materials from the Funds to the person(s) for whom they
hold Fund shares.

The close of business
on February 19, 2025 has been fixed as the record date (the “Record Date”) for the determination of shareholders entitled
to notice of and to vote at the Meeting and any adjournments or postponements thereof. In the event that, for any reason, a new record
date is set for the Meeting, a proxy received from a shareholder who was a shareholder of record on both the Record Date and the new record
date will remain in full force and effect unless explicitly revoked by the applicable shareholder.

Each Fund has one
class of shares of beneficial interest, par value $0.01 per share, known as common shares (“Shares”).

Important Notice Regarding the Availability of Proxy Materials for the Shareholder Meeting Scheduled to be Held on April