First Trust Advisors L.P. Announces Portfolio Manager Update for First Trust Mortgage Income Fund
January 22 2019 - 4:54PM
Business Wire
First Trust Advisors L.P. (“FTA”) announced today that the
Securitized Products Group 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 Thursday, January 24, 2019, at 5:00 P.M. Eastern Time
until 11:59 P.M. Eastern Time on Monday, February 25,
2019. To listen to the update, follow these
instructions:
-- Dial: (888) 203-1112; International (719) 457-0820; and
Passcode # 8315320 and PIN # 3112. The update will be available
from Thursday, January 24, 2019, at 5:00 P.M. Eastern Time until
11:59 P.M. Eastern Time on Monday, February 25, 2019.
FTA is a federally registered investment advisor and serves as
the Fund’s investment advisor. FTA and its affiliate First Trust
Portfolios L.P. (“FTP”), a FINRA registered broker-dealer, are
privately-held companies that provide a variety of investment
services. FTA has collective assets under management or supervision
of approximately $113 billion as of December 31, 2018 through unit
investment trusts, exchange-traded funds, closed-end funds, mutual
funds and separate managed accounts. FTA is the supervisor of the
First Trust unit investment trusts, while FTP is the sponsor. FTP
is also a distributor of mutual fund shares and exchange-traded
fund creation units. FTA and FTP are based in Wheaton,
Illinois.
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. There can be no assurance that the Fund’s
investment objectives will be achieved. The Fund may not be
appropriate for all investors.
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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version on businesswire.com: https://www.businesswire.com/news/home/20190122005941/en/
JEFF MARGOLIN — (630) 915-6784
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