<SEC-DOCUMENT>0001445546-15-003749.txt : 20150729
<SEC-HEADER>0001445546-15-003749.hdr.sgml : 20150729
<ACCEPTANCE-DATETIME>20150729172707
ACCESSION NUMBER: 0001445546-15-003749
CONFORMED SUBMISSION TYPE: 8-K
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20150729
ITEM INFORMATION: Regulation FD Disclosure
FILED AS OF DATE: 20150729
DATE AS OF CHANGE: 20150729
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: FIRST TRUST MORTGAGE INCOME FUND
CENTRAL INDEX KEY: 0001319183
IRS NUMBER: 356758396
FILING VALUES:
FORM TYPE: 8-K
SEC ACT: 1934 Act
SEC FILE NUMBER: 811-21727
FILM NUMBER: 151013725
BUSINESS ADDRESS:
STREET 1: 120 EAST LIBERTY DRIVE, SUITE 400
CITY: WHEATON
STATE: IL
ZIP: 60187
BUSINESS PHONE: 630765-8000
MAIL ADDRESS:
STREET 1: 120 EAST LIBERTY DRIVE, SUITE 400
CITY: WHEATON
STATE: IL
ZIP: 60187
FORMER COMPANY:
FORMER CONFORMED NAME: FIRST TRUST/FIDAC MORTGAGE INCOME FUND
DATE OF NAME CHANGE: 20050228
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>fmy_8k.txt
<DESCRIPTION>CURRENT REPORT
<TEXT>
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported) July 29, 2015
First Trust Mortgage Income Fund
(Exact Name of Registrant as Specified in its Charter)
Massachusetts 811-21727 35-6758396
(State or Other Jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification No.)
120 East Liberty Drive, Suite 400
Wheaton, Illinois 60187
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (630) 765-8000
___________________________________________________________________
(Former Name or Former Address, if Changed Since Last Report.)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
|_| Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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<PAGE>
Item 7.01 Regulation FD Disclosure.
Letter to Shareholders
(d) Exhibits
Exhibit
Number Description
99.1 Letter to Shareholders dated July 29, 2015.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Dated: July 29, 2015 FIRST TRUST MORTGAGE INCOME FUND
By: /s/ W. Scott Jardine
----------------------------------
Name: W. Scott Jardine
Title: Secretary
EXHIBIT INDEX
Exhibit
Number Description
99.1 Letter to Shareholders dated July 29, 2015.
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>shareholder_letter.txt
<DESCRIPTION>LETTER TO SHAREHOLDERS
<TEXT>
FIRST TRUST MORTGAGE INCOME FUND
120 East Liberty Drive,
Suite 400
Wheaton, Illinois 60187
July 29, 2015
Dear Shareholders:
I am pleased to announce that the Board of Trustees of First Trust Mortgage
Income Fund (NYSE: FMY) (the "Fund") has recently approved certain changes to
the Fund's investment strategy as described in the table below. 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 investment sub-advisor, offer an attractive combination of credit
quality, yield and maturity. The Fund's investment objectives are not changing.
The Fund's investment strategy that is changing is non-fundamental and the
changes are not required to be approved by shareholders. The Fund anticipates
implementing the changes to the investment strategy beginning on or around
October 5, 2015.
CURRENT INVESTMENT STRATEGY NEW INVESTMENT STRATEGY
The Fund may invest up to 25% of The Fund may invest up to 35% of
its managed assets in securities its managed assets in securities
that at the time of investment are that at the time of investment are
rated below "A" (at or below the rated below "BBB-" or the
investment grade ratings of "Baa," equivalent (i.e. below investment
"BBB," and "BBB" by Moody's grade rating) by NRSROs such as
Investors Service, Inc. Moody's, S&P, Fitch, DBRS, Inc.,
("Moody's"), Standard & Poor's Kroll Bond Rating Agency, Inc., or
Ratings Group, a division of the Morningstar Credit Ratings, LLC, or
McGraw-Hill Companies, Inc. ("S&P") were unrated but judged to be of
and Fitch Ratings, Inc. ("Fitch")), comparable quality by Brookfield.
each a nationally recognized
statistical rating organization
("NRSRO"), or were unrated but
judged to be of comparable quality
by Brookfield Investment Management
Inc. ("Brookfield"), the Fund's
investment sub-advisor.
The Fund's credit risk will increase as a result of its new investment strategy.
Credit risk is generally the risk that a security in the Fund's portfolio will
decline in price or the issuer of the security will fail to make payments when
due because the issuer of the security experiences a decline in its financial
status.
First Trust Advisors L.P., the Fund's investment advisor, along with its
affiliate, First Trust Portfolios L.P., are privately-held companies which
provide a variety of investment services, including asset management and
financial advisory services, with collective assets under management or
supervision of approximately $118 billion as of June 30, 2015, through unit
investment trusts, exchange-traded funds, closed-end funds, mutual funds and
separate managed accounts.
Brookfield Investment Management Inc. ("Brookfield") has served as the Fund's
investment sub-advisor since April 2011. Brookfield is a wholly-owned subsidiary
of Brookfield Asset Management, a global alternative asset manager with over
$200 billion in assets under management as of June 30, 2015. Brookfield Asset
Management has over a 100-year history of owning and operating assets with a
focus on property, renewable power, infrastructure and private equity.
Brookfield Asset Management's public market activities are conducted by
Brookfield, a registered investment advisor, with $18 billion of assets under
management as of June 30, 2015.
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 www.ftportfolios.com or by
calling 1-800-988-5891.
Sincerely,
/s/ James A. Bowen
James A. Bowen
Chairman of the Board of Trustees of First Trust Mortgage Income Fund
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>