First Trust Mortgage Income Fund Declares its Monthly Common Share Distribution of $0.075 Per Share for July
June 20 2016 - 4:29PM
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 $0.075 per share payable on July 15,
2016, to shareholders of record as of July 6, 2016. The ex-dividend
date is expected to be July 1, 2016. The monthly distribution
information for the Fund appears below.
First Trust Mortgage
Income Fund (FMY):
Distribution per share:
$0.075 Distribution Rate based on the June 17, 2016 NAV of $15.47:
5.82% Distribution Rate based on the June 17, 2016 closing market
price of $14.36: 6.27%
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 $97 billion
as of May 31, 2016 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 $240 billion in assets under management as of
March 31, 2016. 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 March 31, 2016.
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/20160620006397/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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