Welcome to our dedicated page for First Trust Mortgage Income SEC filings (Ticker: FMY), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
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. tFirst Trust Mortgage Income Fund has more than half of its common stock reported as beneficially owned by Sit Investment Associates, Inc. and Sit Fixed Income Advisors II, LLC. They report beneficial ownership of 2,278,607 shares, representing 54.1% of the 4,213,115 shares outstanding as of October 31, 2025.
Both Sit entities report shared power to vote and dispose of these shares, which are held in client accounts. The clients are entitled to dividends and sale proceeds, while the firms’ directors and executive officers do not own the shares directly.
Sit Investment Associates, Inc. and Sit Fixed Income Advisors II, LLC have filed Amendment No. 33 to their Schedule 13D regarding First Trust Mortgage Income Fund common stock. As of this amendment, the Sit entities may be deemed to beneficially own 2,225,186 shares, representing 52.8% of the fund’s outstanding common shares, based on 4,213,115 shares outstanding as of October 31, 2025.
The Sit entities report shared power to vote and dispose of these shares, which are held in client accounts. Clients of the Sit entities are entitled to dividends and any sale proceeds from these holdings. The filing notes that directors and executive officers of Sit Investment Associates and Sit Fixed Income Advisors do not directly own shares. Recent transactions over the last 60 days are provided in an exhibit to the amendment.
First Trust Enhanced Equity Income Fund, First Trust Intermediate Duration Preferred & Income Fund, and First Trust Mortgage Income Fund are calling joint annual shareholder meetings to elect two Class I Trustees for each fund. The meetings are scheduled for April 14, 2026 at 11:30 a.m. Central Time at First Trust Advisors’ offices in Wheaton, Illinois, with February 24, 2026 set as the record date.
Incumbent Independent Trustees Denise M. Keefe and Robert F. Keith are nominated for three-year terms expiring at the 2029 annual meetings. Trustees serve on a unitary board overseeing 323 First Trust portfolios, supported by audit, nominating and governance, valuation and risk, executive, and dividend committees. Effective January 1, 2026, Independent Trustees receive a fixed annual retainer of $300,000 plus per‑fund fees, with each fund paying aggregate trustee fees of about $53,000–$55,000 in the most recent fiscal year. The boards of all three funds unanimously recommend voting FOR both nominees.
FMY filed an annual Form N-CEN, which is a census-style report for registered investment companies. The document outlines background details about the registrant and fund, governance structure, key service providers such as investment advisers, transfer agents, custodians, pricing services and shareholder servicing agents, and various compliance-related questions. It also reports trading-related information, including that the Fund paid gross brokerage commissions of 1,740.75000000 for the reporting period and aggregate brokerage commissions in the same amount, and lists multiple principal dealers with the total value of purchases and sales with each dealer.
First Trust Mortgage Income Fund reports solid results for the year ended October 31, 2025. Net asset value (NAV) total return was 9.22%, while the market price total return was 7.00%. The Fund outperformed its benchmark, the Bloomberg U.S. Mortgage Backed Securities Index, which returned 7.32% over the same period.
As of October 31, 2025, NAV was $12.88 per share and the common share price was $12.06, reflecting a 6.37% discount to NAV. Net assets were $54.3 million. The portfolio was primarily invested in mortgage-backed securities and U.S. agency mortgage-backed securities, with additional exposure to asset-backed securities and money market funds.
The Fund paid a monthly distribution that was reduced during the year from $0.0750 to $0.0650 per share, equating to a 6.06% distribution rate on NAV and 6.47% on market price at period end. For the year, 65.33% of distributions were classified as ordinary income and 34.67% as return of capital. Net investment income was $2.74 million and total net increase in net assets from operations was $4.55 million.
First Trust Mortgage Income Fund director Thomas J. Driscoll filed an initial ownership report. As of the event date of 09/04/2025, the filing shows he beneficially owns 0 common shares of the fund in direct form. This Form 3 is filed by one reporting person and serves as a baseline disclosure of his equity ownership status as a director of First Trust Mortgage Income Fund (FMY).
Sit Investment Associates, Inc. and Sit Fixed Income Advisors II, LLC report a significant ownership stake in First Trust Mortgage Income Fund’s common stock. Based on 4,213,115 shares outstanding as of April 30, 2025, the Sit entities may be deemed to beneficially own 2,295,999 shares, representing 54.5% of the fund’s outstanding common shares. They report shared power to vote and dispose of these shares, with no sole voting or dispositive power. The shares are held in client accounts, and those clients are entitled to dividends and sale proceeds from the holdings. The amendment confirms that directors and executive officers of the Sit entities do not directly own shares.
Sit Investment Associates, Inc. and Sit Fixed Income Advisors II, LLC filed an amended beneficial ownership report for First Trust Mortgage Income Fund, stating they may be deemed to own 2,192,343 common shares. This represents 52.0% of the fund’s outstanding shares, based on 4,213,115 shares outstanding as of April 30, 2025.
The shares are held in client accounts, and the Sit entities have shared power to vote and dispose of these shares. Clients of the Sit entities are entitled to dividends and sale proceeds from the shares in their accounts, while the directors and executive officers of the Sit entities do not directly own shares. Recent transactions over the last 60 days are listed in an attached exhibit.
First Trust Mortgage Income Fund (FMY) director reported an open-market purchase. On 10/31/2025, the reporting person bought 503 common shares at $12.04 per share (transaction code P). After this trade, the filer beneficially owned 1,616 shares, held directly. No derivative securities were reported.
First Trust Mortgage Income Fund (FMY) reported an insider purchase by a director. On 10/10/2025, the reporting person acquired 242 common shares at $12.2 per share, coded “P” for a purchase. Following the transaction, the reporting person beneficially owned 1,113 shares, held as Direct (D) ownership. The filing was submitted by attorney-in-fact for the reporting person.