First Trust Advisors L.P. Announces Portfolio Manager Update for First Trust Mortgage Income Fund
July 17 2020 - 4:23PM
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 Tuesday, July 21, 2020, at 5:00 P.M. Eastern Time until
11:59 P.M. Eastern Time on Friday, August 21, 2020. To
listen to the update, follow these instructions:
-- Dial: (888) 203-1112; International (719)
457-0820; and Passcode # 1190794. The update will be available from
Tuesday, July 21, 2020, at 5:00 P.M. Eastern Time until 11:59 P.M.
Eastern Time on Friday, August 21, 2020.
FTA is a federally registered investment advisor and serves as
the Funds’ 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 $139 billion as of June 30, 2020 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: Securities held by a Fund, as well as
shares of a Fund itself, are subject to market fluctuations caused
by factors such as general economic conditions, political events,
regulatory or market developments, changes in interest rates and
perceived trends in securities prices. Shares of a Fund could
decline in value or underperform other investments as a result of
the risk of loss associated with these market fluctuations. In
addition, local, regional or global events such as war, acts of
terrorism, spread of infectious diseases or other public health
issues, recessions, or other events could have a significant
negative impact on a fund and its investments. Such events may
affect certain geographic regions, countries, sectors and
industries more significantly than others. The outbreak of the
respiratory disease designated as COVID-19 in December 2019 has
caused significant volatility and declines in global financial
markets, which have caused losses for investors. The impact of this
COVID-19 pandemic may last for an extended period of time, and will
continue to impact the economy for the foreseeable future.
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,
the Internal Revenue Code or any other regulatory framework.
Financial professionals are responsible for evaluating investment
risks independently and for exercising independent judgment in
determining whether investments are appropriate for their
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.
Source: First Trust Advisors L.P.
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version on businesswire.com: https://www.businesswire.com/news/home/20200717005552/en/
JEFF MARGOLIN — (630) 915-6784
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