First Trust Mortgage Income Fund $(FMY)$ has announced a reduction in its monthly common share distribution to $0.07 per share, down from $0.075. This change will take effect in June 2025, with distributions payable on June 16 to shareholders recorded by June 2. The fund's distribution rate based on the May 19, 2025, NAV is 6.70%, and 6.91% based on the closing market price.
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