First Trust Mortgage Income Fund Declares its Monthly Common Share Distribution of $0.06 Per Share for June
May 21 2018 - 4:38PM
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 $0.06 per share payable on June 15,
2018, to shareholders of record as of June 4, 2018. The ex-dividend
date is expected to be June 1, 2018. The monthly distribution
information for the Fund appears below.
First Trust Mortgage
Income Fund (FMY):
Distribution per share: $0.06 Distribution Rate based
on the May 18, 2018 NAV of $15.13: 4.76% Distribution Rate based on
the May 18, 2018 closing market price of $13.37: 5.39%
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 2018 will be made after the end of 2018 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. ("FTA"), a federally registered
investment advisor, 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 is the
investment advisor to exchange-traded funds, closed-end funds,
mutual funds, separate managed accounts and provides supervisory
services to FTP sponsored unit investment trusts. FTA's assets
under management were approximately $122 billion as of April 30,
2018. This includes the supervisory services FTA provides to FTP
sponsored unit investment trusts, which are unmanaged. FTP is a
sponsor of unit investment trusts and distributor of mutual fund
shares and exchange-traded fund creation units. FTA and FTP are
based in Wheaton, Illinois.
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 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/20180521006048/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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