First Trust Mortgage Income Fund Declares its Monthly Common Share Distribution of $0.085 Per Share for September
August 20 2014 - 4:22PM
Business Wire
First Trust Mortgage Income Fund (the “Fund”) (NYSE: FMY) has
declared the Fund’s regularly scheduled monthly common share
distribution in the amount of $0.085 per share payable on September
15, 2014, to shareholders of record as of September 4, 2014. The
ex-dividend date is expected to be September 2, 2014. The monthly
distribution information for the Fund appears below.
First Trust Mortgage
Income Fund (FMY):
Distribution per share: $0.085 Distribution Rate based on
the August 19, 2014 NAV of $17.38: 5.87% Distribution Rate based on
the August 19, 2014 closing market price of $15.60: 6.54%
The majority, and possibly all, of this distribution will be
paid out of net investment income earned by the Fund. A portion of
this distribution may come from net short-term realized capital
gains or return of capital. The final determination of the source
and tax status of all distributions paid in 2014 will be made after
the end of 2014.
The Fund is a diversified, closed-end management investment
company that seeks to provide a high level of current income. As a
secondary objective, the Fund seeks to preserve capital. The Fund
pursues these investment objectives by investing primarily in
mortgage-backed securities representing part ownership in a pool of
either residential or commercial mortgage loans that, in the
opinion of the Fund’s investment sub-advisor, offer an attractive
combination of credit quality, yield and maturity.
First Trust Advisors L.P., 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 $97 billion
as of July 31, 2014, through unit investment trusts,
exchange-traded funds, closed-end funds, mutual funds and separate
managed accounts.
Brookfield Investment Management Inc. (“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 approximately $200 billion in assets under
management as of June 30, 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
$16 billion of assets under management as of June 30, 2014.
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 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 REMICs, and
illiquid/restricted securities risk. 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 Mortgage Income FundPress Inquiries: Jane Doyle,
630-765-8775Analyst Inquiries: Jeff Margolin, 630-915-6784Broker
Inquiries: Jeff Margolin, 630-915-6784
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