Company: FPF
Filing Date: 2025-03-13
Form Type: DEF 14A
Source: 0001445546-25-002022
Chunk: 15

Company: First Trust Intermediate Duration Preferred & Income Fund
Filing Date: 2025-03-13
Form: DEF 14A
Chunk 15
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 Secretary, at 120 East Liberty Drive, Suite 400,
Wheaton, Illinois 60187. Under no circumstances will the Nominating and Governance Committee evaluate nominees recommended by a shareholder
of a Fund on a basis substantially different from that used for other nominees for the same election or appointment of Trustees. However,
the Nominating and Governance Committee reserves the right to make the final selection of any Trustee nominees and is not required to
take action with respect to any recommendations that may be submitted by shareholders of a Fund. In connection with the evaluation of
candidates for a position on the Board of a Fund, the review process may include, without limitation, personal interviews, background
checks, written submissions by the candidates, third party references and any other reviews described in the By-Laws. Further, the By-Laws
include qualifications and requirements for Trustee eligibility that generally apply to all persons that may be nominated, elected, appointed,
qualified or seated to serve as Trustees (collectively, the “Qualification Requirements”) unless a majority of the
Trustees then in office determine that failure to satisfy a particular Qualification Requirement will not present undue conflicts or impede
the ability of the individual to discharge the duties of a Trustee or the free flow of information among Trustees or between the Advisor
and the Trustees. Reference is made to the By-Laws for more details about the Qualification Requirements. (For information regarding shareholder
proposals, including proposals to make a nomination for election to a Fund’s Board, see “Additional Information – Shareholder Proposals”below.)

The number of meetings
of the Nominating and Governance Committee held for each Fund during its last fiscal year is shown on Schedule 1 hereto.

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Valuation Committee.The Valuation Committee of each Fund is responsible for overseeing the activities of the Advisor as the “Valuation Designee”
in performing the fair value determinations relating to the Funds’ securities and other investments pursuant to Rule 2a-5 under
the 1940 Act. Dr. Erickson, Mr. Kadlec, Ms. Keefe, Mr. Keith, Mr. Nielson and Ms. Wright are members of the Valuation Committee.
The number of meetings of the Valuation Committee held for each Fund during its last fiscal year is shown on Schedule 1 hereto.

Audit Committee.The Audit Committee of each Fund is responsible for overseeing that Fund’s accounting and financial reporting process, the system
of internal controls