First Trust Advisors L.P. Announces Portfolio Manager Update for First Trust Mortgage Income Fund
October 06 2017 - 4:20PM
Business Wire
First Trust Advisors L.P. (“FTA”) announced today that The
Mortgage Securities Team of FTA, portfolio manager of First Trust
Mortgage Income Fund (NYSE: FMY) (the “Fund”), will release an
update on the market and the Fund for financial advisors and
investors. The update will be available Wednesday, October 11, 2017, at 5:00 P.M. Eastern Time
until 11:59 P.M. Eastern Time on Friday, November 10,
2017. To listen to the update, follow these
instructions:
- Dial: (888) 203-1112; International
(719) 457-0820; and Passcode # 7335636. The update will be
available from Wednesday, October 11, 2017, at 5:00 P.M. Eastern
Time until 11:59 P.M. Eastern Time on Friday, November 10,
2017.
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 $111
billion as of September 29, 2017 through unit investment trusts,
exchange-traded funds, closed-end funds, mutual funds and separate
managed accounts.
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
prospectus, shareholder reports, and other regulatory filings.
The information presented is not intended to constitute an
investment recommendation for, or advice to, any specific person.
By providing this information, First Trust is not undertaking to
give advice in any fiduciary capacity within the meaning of ERISA
and the Internal Revenue Code. First Trust has no knowledge of and
has not been provided any information regarding any investor.
Financial advisors must determine whether particular investments
are appropriate for their clients. First Trust believes the
financial advisor is a fiduciary, is capable of evaluating
investment risks independently and is responsible for exercising
independent judgment with respect to its retirement plan
clients.
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.
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First Trust Advisors L.P.JEFF MARGOLIN — (630) 915-6784
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