Welcome to our dedicated page for First Trust Mortgage Income news (Ticker: FMY), a resource for investors and traders seeking the latest updates and insights on First Trust Mortgage Income stock.
First Trust Mortgage Income Fund (FMY) is a United States-based, diversified, closed-end management investment company that operates with a clear focus on delivering value to its investors. The fund's primary objective is to generate a high level of current income, while its secondary goal is the preservation of capital. This dual mandate positions FMY as a compelling option for investors seeking income stability alongside conservative capital management.
Core Investment Strategy
First Trust Mortgage Income Fund primarily invests in mortgage-backed securities (MBS), which represent fractional ownership in pools of residential or commercial mortgage loans. These securities are carefully selected by the fund's investment advisor based on their combination of credit quality, yield, and maturity. This disciplined approach ensures that the fund maintains a balanced portfolio designed to achieve its income and capital preservation objectives while mitigating risk.
Market Context and Differentiation
FMY operates within the broader investment management and real estate finance industries, specifically focusing on mortgage-backed securities. This niche distinguishes the fund from more generalized income funds, which may invest in a wider range of fixed-income instruments. By concentrating on MBS, FMY leverages the unique characteristics of these securities, including their predictable cash flows and potential for attractive yields. This focus also allows the fund to capitalize on opportunities in the housing and commercial real estate markets.
Revenue Generation and Risk Management
The fund generates revenue primarily through the interest income derived from its portfolio of mortgage-backed securities. To achieve its objectives, FMY employs a disciplined investment strategy that emphasizes periodic rebalancing and rigorous credit assessment. This approach helps mitigate risks such as interest rate fluctuations and credit defaults, which are inherent in the MBS market. Additionally, the fund's closed-end structure allows it to maintain a stable capital base, enabling long-term investment strategies without the pressure of daily redemptions.
Commitment to Investor Goals
FMY's investment philosophy aligns closely with the principles of its sponsor, First Trust Advisors L.P., which emphasizes long-term investing, disciplined portfolio management, and a focus on delivering consistent results. This alignment underscores the fund's commitment to helping investors achieve their financial goals through a combination of income generation and capital preservation.
Competitive Landscape
In the competitive landscape of income-focused funds, FMY differentiates itself through its exclusive focus on mortgage-backed securities and its disciplined, research-driven investment approach. While it faces competition from other fixed-income funds and ETFs, FMY's niche focus and closed-end structure provide unique advantages, such as the ability to invest in less liquid securities that may offer higher yields.
In summary, First Trust Mortgage Income Fund (FMY) is a specialized investment vehicle tailored for investors seeking a reliable income stream and capital preservation. Its focus on mortgage-backed securities, combined with a disciplined and strategic investment approach, positions it as a distinctive player in the investment management industry.
First Trust Mortgage Income Fund (NYSE: FMY) has announced its monthly common share distribution of $0.075 per share for March, payable on March 17, 2025, to shareholders of record as of March 3, 2025. The ex-dividend date is also set for March 3, 2025.
The Fund is a diversified, closed-end management investment company focusing on providing high current income and capital preservation. It primarily invests in mortgage-backed securities from residential or commercial mortgage loans that offer attractive credit quality, yield, and maturity combinations.
First Trust Advisors L.P. (FTA) serves as the Fund's investment advisor, managing approximately $266 billion in assets as of January 31, 2025. The distribution may come from net investment income, net short-term realized capital gains, or return of capital, with final tax status determination to be made after 2025 end and provided on Form 1099-DIV.
First Trust Mortgage Income Fund (NYSE: FMY) has announced its monthly common share distribution of $0.075 per share for February, payable on February 18, 2025, to shareholders of record as of February 3, 2025. Based on the January 17, 2025 NAV of $12.51, the distribution rate is 7.19%, while based on the closing market price of $11.90, it stands at 7.56%.
The Fund is a diversified, closed-end management investment company focusing on providing high current income and capital preservation. It primarily invests in mortgage-backed securities from residential or commercial mortgage loans. First Trust Advisors L.P. serves as the Fund's investment advisor, managing approximately $256 billion in assets as of December 31, 2024.
The final determination of the distribution's source and tax status will be made after the end of 2025 and provided on Form 1099-DIV.
First Trust Mortgage Income Fund (NYSE: FMY) has announced its monthly common share distribution of $0.075 per share for January, payable on January 15, 2025, to shareholders of record as of December 31, 2024. Based on the December 18, 2024 NAV of $12.57, the distribution rate is 7.16%, while based on the closing market price of $12.00, it's 7.50%.
The Fund is a diversified, closed-end management investment company focusing on providing high current income and preserving capital. It primarily invests in mortgage-backed securities from residential or commercial mortgage loans. First Trust Advisors L.P. serves as the Fund's investment advisor, managing approximately $264 billion in assets as of November 30, 2024.
First Trust Mortgage Income Fund (FMY) has announced its monthly common share distribution of $0.075 per share for December, payable on December 16, 2024, to shareholders of record as of December 2, 2024. Based on the November 19, 2024 NAV of $12.63, the distribution rate is 7.13%, while based on the closing market price of $11.91, it's 7.56%.
The Fund is a diversified, closed-end management investment company focusing on providing high current income and preserving capital through investments in mortgage-backed securities. The fund is managed by First Trust Advisors L.P., which has approximately $245 billion in assets under management as of October 31, 2024.
First Trust Mortgage Income Fund (NYSE: FMY) has declared its monthly common share distribution of $0.075 per share for November, payable on November 15, 2024, to shareholders of record as of November 1, 2024. The ex-dividend date is expected to be November 1, 2024.
Key details:
- Distribution Rate based on October 18, 2024 NAV of $12.80: 7.03%
- Distribution Rate based on October 18, 2024 closing market price of $12.06: 7.46%
The Fund seeks to provide a high level of current income and preserve capital by investing primarily in mortgage-backed securities. First Trust Advisors L.P. serves as the Fund's investment advisor, with collective assets under management of approximately $245 billion as of September 30, 2024.
First Trust Mortgage Income Fund (NYSE: FMY) has declared its monthly common share distribution of $0.075 per share for October, payable on October 15, 2024, to shareholders of record as of October 1, 2024. The ex-dividend date is expected to be October 1, 2024.
Key details:
- Distribution Rate based on September 18, 2024 NAV of $13.07: 6.89%
- Distribution Rate based on September 18, 2024 closing market price of $12.55: 7.17%
The Fund seeks to provide a high level of current income and preserve capital by investing primarily in mortgage-backed securities. First Trust Advisors L.P. serves as the Fund's investment advisor, with collective assets under management of approximately $241 billion as of August 31, 2024.
First Trust Mortgage Income Fund (NYSE: FMY) has decreased its monthly common share distribution to $0.075 per share from $0.0825, payable on September 16, 2024. This represents a 9.09% reduction from the previous distribution. The new distribution rate is 6.98% based on the August 19, 2024 NAV of $12.89, and 7.23% based on the closing market price of $12.45.
The Fund's management believes this reduction will better align the distribution with the Fund's current earning potential while balancing its objectives of providing high income and preserving capital. FMY invests primarily in mortgage-backed securities and is managed by First Trust Advisors L.P., which has approximately $235 billion in assets under management as of July 31, 2024.
First Trust Mortgage Income Fund (NYSE: FMY) has declared its monthly common share distribution of $0.0825 per share for August, payable on August 15, 2024, to shareholders of record as of August 1, 2024. The ex-dividend date is expected to be August 1, 2024. Based on the July 19, 2024 NAV of $12.72, the distribution rate is 7.78%, and based on the closing market price of $12.01, it's 8.24%.
FMY is a diversified, closed-end management investment company seeking high current income and capital preservation. It invests primarily in mortgage-backed securities. First Trust Advisors L.P. serves as the Fund's investment advisor, with approximately $228 billion in assets under management as of June 30, 2024.
First Trust Mortgage Income Fund (NYSE: FMY) has announced a monthly common share distribution of $0.0825 per share, payable on July 15, 2024, to shareholders recorded by July 1, 2024. The ex-dividend date is also July 1, 2024. The distribution rate is 7.80% based on the June 18, 2024 NAV of $12.69, and 8.24% based on the closing market price of $12.02 on the same date. The fund invests primarily in mortgage-backed securities to provide high current income and preserve capital. The exact source and tax status of distributions for 2024 will be confirmed post-year-end. Principal risk factors include market risk, credit risk, and interest rate risk among others, which could impact the fund’s value and performance. Past performance is not indicative of future results.
First Trust Mortgage Income Fund (NYSE: FMY) has announced its monthly common share distribution of $0.0825 per share for June 2024. The payment will be made on June 17, 2024, to shareholders recorded as of June 3, 2024. The ex-dividend date is June 3, 2024. The distribution rate based on the May 17, 2024 NAV of $12.57 is 7.88%, and 8.18% based on the closing market price of $12.11. This distribution may include net investment income, net short-term realized capital gains, or return of capital. The final tax status will be provided on Form 1099-DIV post-2024. The Fund aims to offer high current income and preserve capital by investing in mortgage-backed securities. Risks include market fluctuations, interest rate changes, and credit risk, among others.
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