Welcome to our dedicated news page for FIRST TRUST MORTGAGE INCOME FUND (Ticker: FMY), a resource for investors and traders seeking the latest updates and insights on FIRST TRUST MORTGAGE INCOME FUND.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect FIRST TRUST MORTGAGE INCOME FUND's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of FIRST TRUST MORTGAGE INCOME FUND's position in the market.
Rhea-AI Summary
First Trust Mortgage Income Fund (FMY) has declared a monthly common share distribution of $0.0825 per share for May 2024. The distribution will be payable on May 15, 2024, to shareholders of record as of May 2, 2024. The Fund aims to provide high current income and capital preservation by investing primarily in mortgage-backed securities. First Trust Advisors L.P. and First Trust Portfolios L.P. are the Fund's investment advisor and broker-dealer, respectively. The Fund's distribution rate is 8.00% based on NAV and 8.50% based on the closing market price. Risks associated with investing in the Fund include market risk, current market conditions risk, and risks related to debt and mortgage-backed securities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.81%
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Rhea-AI Summary
First Trust Mortgage Income Fund (FMY) declares a monthly common share distribution of $0.0825 per share, payable on April 15, 2024. The Fund aims to provide high current income and preserve capital by investing primarily in mortgage-backed securities. The distribution rate is 7.86% based on NAV and 8.26% based on the closing market price.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.51%
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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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Rhea-AI Sentiment
End-of-Day
0.43%
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Rhea-AI Summary
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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Rhea-AI Sentiment
End-of-Day
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.42%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.25%
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Rhea-AI Summary
First Trust Mortgage Income Fund (FMY) increases monthly distribution to $0.07 per share
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Rhea-AI Sentiment
End-of-Day
2.3%
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News
Rhea-AI Summary
First Trust Advisors L.P. announces release of market and Fund update for financial professionals and investors
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Rhea-AI Sentiment
End-of-Day
-1.18%
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Rhea-AI Summary
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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Rhea-AI Sentiment
End-of-Day
-0.09%
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Rhea-AI Summary
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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Rhea-AI Sentiment
End-of-Day
-0.26%
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FIRST TRUST MORTGAGE INCOME FUND
NYSE:FMY
FMY Rankings
FMY Stock Data
49.97M
4.21M
14%
138.31%
0.23%
Securities and Commodity Exchanges
Finance and Insurance
United States of America
Boston
About FMY
first trust portfolios l.p. and first trust advisors l.p.("first trust") were founded in 1991 with a mission to offer investors a better way to invest. we are single-minded about providing trusted investment products and advisory services. we're inspired every day by how financial advisors and their customers use our products and services to define goals, solve problems and develop long-term strategies. everyone in our company is encouraged to work diligently and respectfully to deliver superior products, services and results that will contribute to the prosperity of our clients. our approach is simple, and our company was built with these core principles in mind: - know what you own - invest for the long-term - employ discipline - re-balance - control taxes we are committed to providing original ideas, inventive products and the highest level of service. disclaimer: this content is for information purposes only and should not be considered an offer to purchase or sell any security. t