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FIRST TRUST MORTGAGE INCOME FUND - FMY STOCK NEWS

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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.

Rhea-AI Summary
First Trust Mortgage Income Fund (FMY) declares a monthly distribution of $0.0825 per share payable on March 15, 2024, with a distribution rate of 7.88% based on NAV and 8.40% based on market price. The Fund aims for current income and capital preservation by investing in mortgage-backed securities.
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First Trust Mortgage Income Fund (FMY) has declared a monthly common share distribution of $0.0825 per share, payable on February 15, 2024, to shareholders of record as of February 2, 2024. The distribution rate based on the January 19, 2024 NAV is 7.87%, and based on the closing market price is 8.34%. The Fund primarily invests in mortgage-backed securities and aims to provide a high level of current income while seeking to preserve capital. The Fund's investment advisor, First Trust Advisors L.P., has approximately $210 billion in assets under management.
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First Trust Mortgage Income Fund (FMY) has declared a monthly common share distribution of $0.0825 per share payable on January 16, 2024, to shareholders of record as of December 29, 2023. The Fund's distribution rates based on the December 15, 2023 NAV and closing market price are 7.88% and 8.50% respectively. The Fund is a diversified, closed-end management investment company that seeks to provide a high level of current income and preserve capital. First Trust Advisors L.P. and its affiliate First Trust Portfolios L.P. are the investment advisor and sponsor of the Fund, with collective assets under management of approximately $201 billion as of November 30, 2023.
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First Trust Mortgage Income Fund (FMY) Increases Monthly Common Share Distribution by 17.86% to $0.0825, Reflecting a Distribution Rate of 8.20% based on NAV and 8.80% based on the closing market price. The Fund aims to provide a high level of current income and preserve capital by primarily investing in mortgage-backed securities. First Trust Advisors L.P. and First Trust Portfolios L.P. are the Fund's investment advisor and sponsor, respectively.
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First Trust Mortgage Income Fund (FMY) increases monthly distribution to $0.07 per share
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First Trust Advisors L.P. announces release of market and Fund update for financial professionals and investors
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First Trust Mortgage Income Fund (FMY) increases monthly common share distribution to $0.0675 per share from $0.0625 per share, a 8.00% increase. Distribution Rate based on NAV is 6.69% and based on closing market price is 7.23%.
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First Trust Mortgage Income Fund (FMY) increases monthly common share distribution by 13.64% to $0.0625 per share from $0.055 per share.
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First Trust Mortgage Income Fund (FMY) has declared a monthly common share distribution of $0.055 per share payable on August 15, 2023. The distribution rate based on the July 19, 2023 NAV is 5.32% and based on the closing market price is 5.88%.
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FAQ

What is the current stock price of FIRST TRUST MORTGAGE INCOME FUND (FMY)?

The current stock price of FIRST TRUST MORTGAGE INCOME FUND (FMY) is $11.94 as of December 20, 2024.

What is the market cap of FIRST TRUST MORTGAGE INCOME FUND (FMY)?

The market cap of FIRST TRUST MORTGAGE INCOME FUND (FMY) is approximately 50.3M.

What is the primary investment objective of First Trust Mortgage Income Fund (FMY)?

The primary investment objective is to seek a high level of current income.

What is the secondary objective of FMY?

The secondary objective is to preserve capital.

In what type of securities does FMY predominantly invest?

FMY predominantly invests in mortgage-backed securities.

Who manages First Trust Mortgage Income Fund?

The fund is managed by First Trust Portfolios L.P. and First Trust Advisors L.P.

When was First Trust founded?

First Trust was founded in 1991.

What are some core principles of First Trust's investment approach?

Core principles include knowing what you own, investing for the long term, employing discipline, re-balancing, and controlling taxes.

How does First Trust Mortgage Income Fund cater to financial advisors and their clients?

The fund provides trusted investment products and advisory services, helping advisors and clients define goals, solve problems, and develop long-term strategies.

What makes First Trust stand out in the investment industry?

First Trust stands out due to its commitment to excellence, customer service, and providing original and inventive investment products.

Is First Trust Mortgage Income Fund suitable for long-term investment?

Yes, the fund is designed to meet long-term investment goals, offering attractive income opportunities and capital preservation.

How does FMY adapt to changing market conditions?

FMY consistently adapts to market conditions while adhering to its foundational investment principles.

FIRST TRUST MORTGAGE INCOME FUND

NYSE:FMY

FMY Rankings

FMY Stock Data

50.30M
4.21M
14%
119.51%
0.39%
Asset Management
Financial Services
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United States of America
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