First Trust Mortgage Income Fund Declares its Monthly Common Share Distribution of $0.065 Per Share for September
August 22 2016 - 5:00PM
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 $0.065 per share payable on September
15, 2016, to shareholders of record as of September 6, 2016. The
ex-dividend date is expected to be September 1, 2016. The monthly
distribution information for the Fund appears below.
First Trust Mortgage
Income Fund (FMY):
Distribution per share: $0.065 Distribution Rate based on
the August 19, 2016 NAV of $15.47: 5.04% Distribution Rate based on
the August 19, 2016 closing market price of $14.60: 5.34%
A portion of this distribution may come from net investment
income, 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 and
will be provided on Form 1099 DIV.
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 $99 billion
as of July 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 approximately $250 billion in assets under
management as of June 30, 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 June 30, 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: The debt securities in which the Fund
invests are subject to certain risks, including issuer risk,
reinvestment risk, prepayment risk, credit risk, and interest rate
risk. Issuer risk is the risk that the value of fixed-income
securities may decline for a number of reasons which directly
relate to the issuer. Reinvestment risk is the risk that income
from the Fund's portfolio will decline if the Fund invests the
proceeds from matured, traded or called bonds at market interest
rates that are below the Fund portfolio's current earnings rate.
Prepayment risk is the risk that, upon a prepayment, the actual
outstanding debt on which the Fund derives interest income will be
reduced. Credit risk is the risk that an issuer of a security will
be unable or unwilling to make dividend, interest and/or principal
payments when due and that the value of a security may decline as a
result. Interest rate risk is the risk that fixed-income securities
will decline in value because of changes in market interest
rates.
A portion of the Fund's managed assets may be invested in
subordinated classes of mortgage-backed securities. Such
subordinated classes are subject to a greater degree of non-payment
risk than are senior classes of the same issuer or agency.
Use of leverage can result in additional risk and cost, and can
magnify the effect of any losses.
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/20160822006053/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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