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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                    FORM 8-K


                                 CURRENT REPORT
     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


        Date of report (Date of earliest event reported) March 3, 2015


           FIRST TRUST INTERMEDIATE DURATION PREFERRED & INCOME FUND
             (Exact Name of Registrant as Specified in its Charter)



       Massachusetts                    811-22795                  32-0405071
(State or Other Jurisdiction    (Commission File Number)        (IRS Employer
     of Incorporation)                                       Identification No.)


   120 East Liberty Drive, Suite 400
           Wheaton, Illinois                                        60187
(Address of Principal Executive Offices)                          (Zip Code)


      Registrant's telephone number, including area code   (630) 765-8000


       ___________________________________________________________________
         (Former Name or Former Address, if Changed Since Last Report.)



Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):


|_|   Written communications pursuant to Rule 425 under the Securities Act
      (17 CFR 230.425)

|_|   Soliciting material pursuant to Rule 14a-12 under the Exchange Act
      (17 CFR 240.14a-12)

|_|   Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))

|_|   Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))


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<PAGE>



Item 8.01    Other Events.


First Trust Intermediate Duration Preferred & Income Fund (the "Fund") is filing
herewith Fund Commentary from the investment sub-advisor, Stonebridge Advisors
LLC, for the Fourth Quarter 2014. The Commentary will be posted on the Fund's
website at http://www.ftportfolios.com/Retail/Cef/CefSummary.aspx?Ticker=FPF.





                                   SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

Dated: March 3, 2015             FIRST TRUST INTERMEDIATE DURATION PREFERRED
                                 & INCOME FUND

                                 By:    /s/ W. Scott Jardine
                                        ----------------------------------
                                 Name:      W. Scott Jardine
                                 Title:     Secretary





                                  EXHIBIT INDEX

        Exhibit
        Number        Description

           99.1       4th Quarter 2014 Fund Commentary from the investment
                      sub-advisor, Stonebridge Advisors LLC
[{"type": "8-K", "sequence": "1", "filename": "fpf_8k.txt", "description": "CURRENT REPORT", "secsgml_size_bytes": 3219}]
{"company-data": {"conformed-name": "First Trust Intermediate Duration Preferred & Income Fund", "cik": "0001567569", "irs-number": "000000000", "state-of-incorporation": "MA"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "811-22795", "film-number": "15669353"}, "business-address": {"street1": "120 EAST LIBERTY DRIVE, SUITE 400", "city": "WHEATON", "state": "IL", "zip": "60187", "phone": "630-765-8000"}, "mail-address": {"street1": "120 EAST LIBERTY DRIVE, SUITE 400", "city": "WHEATON", "state": "IL", "zip": "60187"}, "former-company": [{"former-conformed-name": "First Trust Intermediate Duration Preferred & Income Trust", "date-changed": "20130130"}, {"former-conformed-name": "First Trust Ltd Duration Preferred & Income Trust", "date-changed": "20130122"}]}
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

        Date of report (Date of earliest event reported) March 3, 2015

           FIRST TRUST INTERMEDIATE DURATION PREFERRED & INCOME FUND
             (Exact Name of Registrant as Specified in its Charter)

       Massachusetts                    811-22795                  32-0405071
(State or Other Jurisdiction    (Commission File Number)        (IRS Employer
     of Incorporation)                                       Identification No.)

   120 East Liberty Drive, Suite 400
           Wheaton, Illinois                                        60187
(Address of Principal Executive Offices)                          (Zip Code)

      Registrant's telephone number, including area code   (630) 765-8000

       ___________________________________________________________________
         (Former Name or Former Address, if Changed Since Last Report.)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

|_|   Written communications pursuant to Rule 425 under the Securities Act
      (17 CFR 230.425)

|_|   Soliciting material pursuant to Rule 14a-12 under the Exchange Act
      (17 CFR 240.14a-12)

|_|   Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))

|_|   Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))

================================================================================
Item 8.01    Other Events.

First Trust Intermediate Duration Preferred & Income Fund (the "Fund") is filing
herewith Fund Commentary from the investment sub-advisor, Stonebridge Advisors
LLC, for the Fourth Quarter 2014. The Commentary will be posted on the Fund's
website at http://www.ftportfolios.com/Retail/Cef/CefSummary.aspx?Ticker=FPF.

                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

Dated: March 3, 2015             FIRST TRUST INTERMEDIATE DURATION PREFERRED
                                 & INCOME FUND

                                 By:    /s/ W. Scott Jardine
                                        ----------------------------------
                                 Name:      W. Scott Jardine
                                 Title:     Secretary

                                  EXHIBIT INDEX

        Exhibit
        Number        Description

           99.1       4th Quarter 2014 Fund Commentary from the investment
                      sub-advisor, Stonebridge Advisors LLC