WHEATON, Ill.--(BUSINESS WIRE)--First Trust Mortgage Income Fund (the "Fund") (NYSE: FMY) has declared the Fund's regularly scheduled monthly common share distribution in the amount of $0.075 per share payable on December 16, 2024, to shareholders of record as of December 2, 2024. The ex-dividend date is expected to be December 2, 2024. The monthly distribution information for the Fund appears below. First Trust Mortgage Income Fund (FMY): Distribution per share: $0.075 Distribution Rate based.
We review CEF market valuation and performance through the fourth week of August and highlight recent market action. CEFs were down with Munis underperforming due to the continued rise in Treasury yields. Coverage of leverage CEFs continues to stabilize due to the rolling over of short-term rates.