First Trust Mortgage Income Fund: April 2025 Monthly Distribution Announcement
In the heart of Wheaton, Illinois, the First Trust Portfolio Advisors L.P. team has announced the latest distribution details for the First Trust Mortgage Income Fund (NYSE: FMY). This monthly distribution, payable on April 15, 2025, amounts to $0.075 per share for those shareholders of record as of April 1, 2025. The ex-dividend date is set for April 1, 2025.
Distribution Information
Here’s a more detailed look at the distribution:
- Distribution per share: $0.075
- Distribution Rate: Based on the market price of $13.50 as of March 31, 2025, the distribution rate is approximately 0.56%.
Impact on Shareholders
For those investors who hold their shares of FMY before the ex-dividend date, they will receive the declared distribution amount of $0.075 per share. This can be seen as a reward for their investment in the fund. The distribution can be reinvested, added to a savings account, or used to cover transaction fees, among other options.
Impact on the World
While the distribution may not have a significant impact on the world at large, it is a clear sign of the continued strength and stability of the mortgage income sector. The First Trust Mortgage Income Fund, as part of the First Trust family of funds, has a proven track record of providing reliable income to its investors. This distribution serves as a testament to the fund’s commitment to delivering consistent returns.
Conclusion
In summary, the First Trust Mortgage Income Fund has declared a monthly distribution of $0.075 per share, payable on April 15, 2025, to those shareholders of record as of April 1, 2025. This distribution serves as a reward for investors in the fund and a reflection of the stability and strength of the mortgage income sector. Stay tuned for further updates on the First Trust Mortgage Income Fund and other investment news.
