First Trust Advisors L.P. Announces Portfolio Manager Conference Call for First Trust Mortgage Income Fund
June 30 2014 - 4:19PM
Business Wire
First Trust Advisors L.P. (“FTA”) announced today that First
Trust Mortgage Income Fund (NYSE: FMY) (the “Fund”) intends to host
a conference call with Brookfield Investment Management, Inc.
(“Brookfield”), the Fund’s investment sub-advisor, on Tuesday, July 15, 2014, at 3:15 P.M. Central
Time. The purpose of the call is to hear Brookfield’s
portfolio management team provide an update for the Fund and the
Market.
- Dial-in Number: (866) 865-6631;
International (706) 679-1727; and Passcode # 54181444. Please call
10 to 15 minutes before the scheduled start of the
teleconference.
- Telephone Replay: (855) 859-2056;
International (404) 537-3406; and Passcode # 54181444. The replay
will be available after the call until 11:59 P.M. Eastern Time on
Friday, August 15, 2014.
FTA, the Fund’s investment advisor, along with its affiliate,
First Trust Portfolios L.P., are privately-held companies which
provide a variety of investment services, including asset
management and financial advisory services, with collective assets
under management or supervision of approximately $94 billion as of
May 31, 2014, through unit investment trusts, exchange-traded
funds, closed-end funds, mutual funds and separate managed
accounts.
Brookfield serves as the Fund’s investment sub-advisor.
Brookfield is a wholly-owned subsidiary of Brookfield Asset
Management, a global alternative asset manager with $190 billion in
assets under management as of March 31, 2014. Brookfield Asset
Management has over a 100-year history of owning and operating
assets with a focus on property, renewable power, infrastructure
and private equity. Brookfield Asset Management’s public market
activities are conducted by Brookfield, a registered investment
advisor, with over $14 billion of assets under management as of
March 31, 2014.
If you have questions about the Fund that you would like
answered on the call, please email your questions to
cefquestions@ftadvisors.com and refer to FMY by Friday, July 11,
2014, 5:00 P.M. Central Time.
Past performance is no assurance of future results. Investment
return and market value of an investment in the Fund will
fluctuate. Shares, when sold, may be worth more or less than their
original cost.
Principal Risk Factors: Investment in this Fund involves
investment and market risk, management risk, credit risk,
prepayment risk, reinvestment risk, interest rate risk, floating
rate collateralized mortgage obligations (“CMOs”) and inverse
floating rate CMOs risk, bond market risk, economic sector risk,
inflation risk, U.S. government securities risk, government agency
risk, asset-backed securities risk, market discount risk, leverage
risk, interest rate transactions risk, derivatives risk, market
disruption risk, portfolio turnover risk, tax risk relating to
investments in certain real estate mortgage investment conduits
(“REMICs”), and illiquid/restricted securities risk.
Subordinated Debt Risk: The Fund may invest a portion of its
Managed Assets in subordinated classes of mortgage-backed
securities (“MBS”), including debt obligations issued by private
originators or issuers backed by residential mortgage loans and
multi-class debt or pass-through or paythrough securities backed by
a mortgage loan or pool of mortgage loans on commercial real
estate. Such subordinated classes are subject to a greater degree
of non-payment risk than are senior classes of the same issuer or
agency.
Prepayment Risk: If borrowers prepay their mortgage loans at
rates that are faster than expected, this results in prepayments
that are faster than expected on MBS. These faster than expected
prepayments may adversely affect the Fund's profitability,
particularly if the Fund is forced to invest prepayments it
receives in lower yielding securities. Moreover, the Fund may also
acquire MBS that are less affected by prepayments. While the Fund
will seek to minimize prepayment risk to the extent practical, the
Fund must balance prepayment risk against other risks and the
potential returns of each investment in selecting investments. No
strategy can completely insulate the Fund from prepayment risk.
Interest Rate Risk: The Fund may also invest in MBS which are
interest-only (“IO”) securities and principal-only (“PO”)
securities. Generally speaking, when interest rates are falling and
prepayment rates are increasing, the value of a PO security will
rise and the value of an IO security will fall. Conversely, when
interest rates are rising and prepayment rates are decreasing,
generally the value of a PO security will fall and the value of an
IO security will rise.
The risks of investing in the Fund are spelled out in the
prospectus, shareholder reports, and other regulatory filings.
The Fund’s daily closing New York Stock Exchange price and net
asset value per share as well as other information can be found at
www.ftportfolios.com or by calling 1-800-988-5891.
First Trust Advisors L.P.Jeff Margolin, (630) 915-6784
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