First Trust Mortgage Income Fund Declares its Monthly Common Share Distribution of $0.085 Per Share for January
December 21 2015 - 4:23PM
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 January
15, 2016, to shareholders of record as of January 6, 2016. The
ex-dividend date is expected to be January 4, 2016. 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 December 18, 2015 NAV of $15.89:
6.42% Distribution Rate based on the December 18, 2015 closing
market price of $14.43: 7.07%
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 2016 will be made after
the end of 2016.
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 $113
billion as of November 30, 2015, 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 an indirect
wholly-owned subsidiary of Brookfield Asset Management, a global
alternative asset manager with over $200 billion in assets under
management as of September 30, 2015. 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
$17 billion of assets under management as of September 30,
2015.
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 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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20151221006210/en/
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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