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First Trust Mortgage Income Fund Declares Its Monthly Common Share Distribution Of $0.10 Per Share For April

First Trust Mortgage Income Fund (the "Fund") (NYSE: FMY) has declared the Fund’s regularly scheduled monthly common share distribution payable on April 15, 2013 to shareholders of record as of April 3, 2013. The ex-dividend date is expected to be April 1, 2013. The monthly distribution information for the Fund appears below.

First Trust Mortgage Income Fund (FMY):

 
Distribution per share: $ 0.10
Distribution Rate based on the March 19, 2013 NAV of $17.85: 6.72%
Distribution Rate based on the March 19, 2013 closing market price of $16.44: 7.30%
 

The majority, and possibly all, of this distribution will be paid out of net investment income earned by the Fund. A portion of this distribution may come from net short-term realized capital gains or return of capital. The final determination of the source and tax status of all distributions paid in 2013 will be made after the end of 2013.

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.

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