First Trust Mortgage Income Fund Declares its Monthly Common Share Distribution of $0.065 Per Share for May
April 20 2017 - 4:54PM
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 May 15,
2017, to shareholders of record as of May 3, 2017. The ex-dividend
date is expected to be May 1, 2017. 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 April 19, 2017 NAV of $15.46: 5.05%
Distribution Rate based on the April 19, 2017 closing market price
of $14.17: 5.50%
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 2017 will be made after the end of 2017 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 portfolio managers, 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 $104
billion as of March 31, 2017 through unit investment trusts,
exchange-traded funds, closed-end funds, mutual funds and separate
managed accounts.
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/20170420006575/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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