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First Trust Mortgage Income Fund Declares its Monthly Common Share Distribution of $0.075 Per Share for November

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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.

Il First Trust Mortgage Income Fund (NYSE: FMY) ha dichiarato la sua distribuzione mensile di azioni ordinarie di $0,075 per azione per novembre, pagabile il 15 novembre 2024, agli azionisti registrati al 1 novembre 2024. La data di stacco del dividendo è prevista per il 1 novembre 2024.

Dettagli chiave:

  • Aliquota di distribuzione basata sul NAV del 18 ottobre 2024 di $12,80: 7,03%
  • Aliquota di distribuzione basata sul prezzo di chiusura di mercato del 18 ottobre 2024 di $12,06: 7,46%

Il Fondo mira a fornire un elevato livello di reddito attuale e preservare il capitale investendo principalmente in titoli garantiti da ipoteca. First Trust Advisors L.P. funge da consulente per gli investimenti del Fondo, con asset complessivi sotto gestione di circa $245 miliardi al 30 settembre 2024.

El First Trust Mortgage Income Fund (NYSE: FMY) ha declarado su distribución mensual de acciones ordinarias de $0.075 por acción para noviembre, pagadera el 15 de noviembre de 2024, a los accionistas registrados a partir del 1 de noviembre de 2024. Se espera que la fecha ex-dividendo sea el 1 de noviembre de 2024.

Detalles clave:

  • Tasa de distribución basada en el NAV del 18 de octubre de 2024 de $12.80: 7.03%
  • Tasa de distribución basada en el precio de cierre del mercado del 18 de octubre de 2024 de $12.06: 7.46%

El Fondo busca proporcionar un alto nivel de ingreso actual y preservar el capital invirtiendo principalmente en valores respaldados por hipotecas. First Trust Advisors L.P. actúa como asesor de inversiones del Fondo, con activos totales bajo gestión de aproximadamente $245 mil millones a partir del 30 de septiembre de 2024.

퍼스트 트러스트 모기지 인컴 펀드 (NYSE: FMY)는 2024년 11월에 대한 월간 보통주 배당금을 $0.075로 선언했으며, 2024년 11월 15일에 주주에게 지급됩니다. 주주명부 마감일은 2024년 11월 1일입니다. 배당락 날짜는 2024년 11월 1일로 예상됩니다.

주요 세부사항:

  • 2024년 10월 18일 NAV($12.80)를 기준으로 한 배당률: 7.03%
  • 2024년 10월 18일 종료 시장 가격($12.06)을 기준으로 한 배당률: 7.46%

펀드는 현재 높은 소득 수준을 제공하고 자본을 보존하기 위해 주로 주택 담보 대출 지원 증권에 투자하는 것을 목표로 합니다. 퍼스트 트러스트 어드바이저스 L.P.는 펀드의 투자 고문으로, 2024년 9월 30일 기준으로 약 $2450억의 관리 자산을 보유하고 있습니다.

Le First Trust Mortgage Income Fund (NYSE: FMY) a déclaré sa distribution mensuelle d'actions ordinaires de $0,075 par action pour novembre, payable le 15 novembre 2024, aux actionnaires inscrits au 1er novembre 2024. La date de détachement des dividendes est prévue pour le 1er novembre 2024.

Détails clés :

  • Taux de distribution basé sur la NAV du 18 octobre 2024 de $12,80 : 7,03%
  • Taux de distribution basé sur le prix de clôture du marché du 18 octobre 2024 de $12,06 : 7,46%

Le Fonds vise à fournir un niveau élevé de revenus courants tout en préservant le capital, en investissant principalement dans des titres adossés à des hypothèques. First Trust Advisors L.P. est le conseiller en investissement du Fonds, gérant des actifs d'environ 245 milliards de dollars au 30 septembre 2024.

Der First Trust Mortgage Income Fund (NYSE: FMY) hat seine monatliche Ausschüttung für Stammaktien in Höhe von $0,075 pro Aktie für November erklärt, die am 15. November 2024 an die Aktionäre gezahlt wird, die am 1. November 2024 eingetragen sind. Das Ex-Dividenden-Datum wird voraussichtlich der 1. November 2024 sein.

Wichtige Einzelheiten:

  • Ausschüttungsquote basierend auf dem NAV vom 18. Oktober 2024 in Höhe von $12,80: 7,03%
  • Ausschüttungsquote basierend auf dem Schlusskurs vom 18. Oktober 2024 in Höhe von $12,06: 7,46%

Der Fonds beabsichtigt, ein hohes Maß an Einkommensströmen zu erzielen und Kapital zu erhalten, indem er hauptsächlich in hypothekenbesicherte Wertpapiere investiert. First Trust Advisors L.P. fungiert als Anlageberater des Fonds, der zum 30. September 2024 Vermögenswerte in Höhe von etwa 245 Milliarden US-Dollar verwaltet.

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WHEATON, Ill.--(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 $0.075 per share 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. The monthly distribution information for the Fund appears below.

First Trust Mortgage Income Fund (FMY):

Distribution per share:

$0.075

Distribution Rate based on the October 18, 2024 NAV of $12.80:

7.03%

Distribution Rate based on the October 18, 2024 closing market price of $12.06:

7.46%

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 2024 will be made after the end of 2024 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") 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 $245 billion as of September 30, 2024 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.

Principal Risk Factors: Risks are inherent in all investing. Certain risks applicable to the Fund are identified below, which includes the risk that you could lose some or all of your investment in the Fund. The principal risks of investing in the Fund are spelled out in the Fund's annual shareholder reports. The order of the below risk factors does not indicate the significance of any particular risk factor. The Fund also files reports, proxy statements and other information that is available for review.

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. There can be no assurance that the Fund's investment objectives will be achieved. The Fund may not be appropriate for all investors.

Market risk is the risk that a particular investment, or shares of a fund in general may fall in value. Investments held by the Fund are subject to market fluctuations caused by real or perceived adverse economic conditions, political events, regulatory factors 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. In addition, local, regional or global events such as war, acts of terrorism, market manipulation, government defaults, government shutdowns, regulatory actions, political changes, diplomatic developments, the imposition of sanctions and other similar measures, spread of infectious disease or other public health issues, recessions, natural disasters or other events could have significant negative impact on a fund and its investments.

Current market conditions risk is the risk that a particular investment, or shares of the fund in general, may fall in value due to current market conditions. As a means to fight inflation, the Federal Reserve and certain foreign central banks have raised interest rates; however, the Federal Reserve has recently lowered interest rates and may continue to do so. Recent and potential future bank failures could result in disruption to the broader banking industry or markets generally and reduce confidence in financial institutions and the economy as a whole, which may also heighten market volatility and reduce liquidity. Ongoing armed conflicts between Russia and Ukraine in Europe and among Israel, Hamas and other militant groups in the Middle East, have caused and could continue to cause significant market disruptions and volatility within the markets in Russia, Europe, the Middle East and the United States. The hostilities and sanctions resulting from those hostilities have and could continue to have a significant impact on certain fund investments as well as fund performance and liquidity. The COVID-19 global pandemic, or any future public health crisis, and the ensuing policies enacted by governments and central banks have caused and may continue to cause significant volatility and uncertainty in global financial markets, negatively impacting global growth prospects.

The debt securities in which the Fund invests are subject to certain risks, including issuer risk, reinvestment risk, prepayment risk, credit risk, interest rate risk and liquidity 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. Liquidity risk is the risk that illiquid and restricted securities may be difficult to value and to dispose of at a fair price at the times when the Fund believes it is desirable to do so.

A mortgage-backed security may be negatively affected by the quality of the mortgages underlying such security and the structure of its issuer. For example, if a mortgage underlying a particular mortgage-backed security defaults, the value of that security may decrease. Moreover, a downturn in the markets for residential or commercial real estate or a general economic downturn could negatively affect both the price and liquidity of privately issued mortgage-backed securities. 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.

To the extent a fund invests in floating or variable rate obligations that use the London Interbank Offered Rate ("LIBOR") as a reference interest rate, it is subject to LIBOR Risk. LIBOR has ceased to be made available as a reference rate and there is no assurance that any alternative reference rate, including the Secured Overnight Financing Rate ("SOFR"), will be similar to or produce the same value or economic equivalence as LIBOR. The unavailability or replacement of LIBOR may affect the value, liquidity or return on certain fund investments and may result in costs incurred in connection with closing out positions and entering into new trades. Any potential effects of the transition away from LIBOR on a fund or on certain instruments in which a fund invests is difficult to predict and could result in losses to the fund.

Investments in asset-backed or mortgage-backed securities offered by non-governmental issuers, such as commercial banks, savings and loans, private mortgage insurance companies, mortgage bankers and other secondary market issuers are subject to additional risks.

The primary risks associated with the use of futures contracts are (a) the imperfect correlation between the change in market value of the instruments or indices underlying the futures contracts and the price of the futures contracts; (b) possible lack of a liquid secondary market for a futures contract and the resulting inability to close a futures contract when desired; (c) losses caused by unanticipated market movements, which are potentially unlimited; (d) the investment adviser's inability to predict correctly the direction of securities prices, interest rates, currency exchange rates and other economic factors; and (e) the possibility that the counterparty will default in the performance of its obligations.

If a security sold short increases in price, the Fund may have to cover its short position at a higher price than the short sale price, resulting in a loss.

Repurchase agreements are subject to the risk of failure. If the Fund's counterparty defaults on its obligations and the Fund is delayed or prevented from recovering the collateral, or if the value of the collateral is insufficient, the Fund may realize a loss.

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, 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 https://www.ftportfolios.com or by calling 1-800-988-5891.

Source: First Trust Mortgage Income Fund

Press Inquiries

Ryan Issakainen

630-765-8689

Analyst Inquiries

Jeff Margolin

630-915-6784

Broker Inquiries

Sales Team

866-848-9727

Source: First Trust Mortgage Income Fund

FAQ

What is the monthly distribution amount for First Trust Mortgage Income Fund (FMY) in November 2024?

First Trust Mortgage Income Fund (FMY) has declared a monthly common share distribution of $0.075 per share for November 2024.

When is the payment date for FMY's November 2024 distribution?

The payment date for FMY's November 2024 distribution is November 15, 2024.

What is the record date for FMY's November 2024 distribution?

The record date for FMY's November 2024 distribution is November 1, 2024.

What is the distribution rate for FMY based on its October 18, 2024 NAV?

The distribution rate for FMY based on its October 18, 2024 NAV of $12.80 is 7.03%.

What are the primary investment objectives of First Trust Mortgage Income Fund (FMY)?

First Trust Mortgage Income Fund (FMY) seeks to provide a high level of current income as its primary objective and to preserve capital as a secondary objective.

FIRST TRUST MORTGAGE INCOME FUND

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