Welcome to our dedicated page for FIRST TRUST MORTGAGE INCOME FUND news (Ticker: FMY), a resource for investors and traders seeking the latest updates and insights on FIRST TRUST MORTGAGE INCOME FUND stock.
First Trust Mortgage Income Fund (FMY) is a diversified, closed-end investment management company based in the United States. The fund's primary objective is to achieve a high level of current income, while its secondary goal is to preserve capital. FMY aims to fulfill these objectives by primarily investing in mortgage-backed securities.
Established by First Trust Portfolios L.P. and First Trust Advisors L.P. in 1991, the company has consistently focused on providing trusted investment products and advisory services. The investment philosophy of First Trust is built upon core principles such as knowing what you own, investing for the long term, employing discipline, re-balancing, and controlling taxes.
First Trust Mortgage Income Fund is designed to meet the needs of financial advisors and their clients, offering original ideas, inventive products, and exceptional levels of service. The fund is managed by a team of experienced professionals who work diligently to ensure superior products and results that contribute to the financial prosperity of their clients.
With a commitment to excellence and customer service, First Trust stands out in the industry. The firm encourages all employees to work respectfully and diligently to deliver top-notch investment solutions. Financial advisors and their clients use First Trust's products and services to define goals, solve problems, and develop long-term strategies.
By focusing on mortgage-backed securities, the fund provides exposure to a segment of the market that can offer attractive income opportunities. FMY remains an evergreen option for investors seeking income and capital preservation, consistently adapting to market conditions while adhering to its foundational principles.
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.
FAQ
What is the current stock price of FIRST TRUST MORTGAGE INCOME FUND (FMY)?
What is the market cap of FIRST TRUST MORTGAGE INCOME FUND (FMY)?
What is the primary investment objective of First Trust Mortgage Income Fund (FMY)?
What is the secondary objective of FMY?
In what type of securities does FMY predominantly invest?
Who manages First Trust Mortgage Income Fund?
When was First Trust founded?
What are some core principles of First Trust's investment approach?
How does First Trust Mortgage Income Fund cater to financial advisors and their clients?
What makes First Trust stand out in the investment industry?
Is First Trust Mortgage Income Fund suitable for long-term investment?
How does FMY adapt to changing market conditions?
