First Trust Mortgage Income Fund(FMY)- NYSE
  • Yonakit | Send Message 25 Feb

    According to M*, almost all of the $FMY distribution past 4 months is ROC (incl upcoming which is .0096 income/.0654 ROC).
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      • Yonakit | Send Message 8 Feb

        Liquidated $FMY core for about 5-6% LT gain. Leverage at 1.32. Sorry to see this guy go.
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          • Yonakit | Send Message 5 Feb

            Whoa. Looks like someone either fat fingered $FMY or put in a market order on low volume.
            Reply (2)
            • Yonakit | Send Message 5 Feb
              : Hard to believe a mortgage CEF would have an 8% swing in one session. Over 7 x normal volume. Been to two sites that confirm.
            • Tom Landry | Send Message 5 Feb
              : Good theory.
              • Yonakit | Send Message 22 Jan

                Continuing my $FMY talk from yesterday. Read annual report last night. 11% cash. Utilizing about 8% leverage with ability to go to 33%.
                Reply (1)
                • Yonakit | Send Message 22 Jan
                  : Sounds like heavy market appetite for CMBS. Fund will try and enhance yield by venturing into lower credit areas moving forward.
                  • Yonakit | Send Message 21 Jan

                    I'm too exposed to the sector, but $FMY looks appealing right now. CEF at 10%+ discount. 70% A or better credit. Distribution of +7%.
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                    • Yonakit | Send Message 21 Jan
                      : Own some $FPF in retirement portfolio (same company). Both holdings have done well.
                    • Yonakit | Send Message 21 Jan
                      : Tempted to sell some low stock yielders, buy some $FMY to make up for the lost yield and park the rest in cash (pay down leverage).
                      • Yonakit | Send Message 21 Aug 2015

                        Out of 31 positions, all red except $BCE (up) and $FMY (flat).
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                        • Yonakit | Send Message 21 Aug 2015
                          : Congrats! Any particular standout?
                        • stasdelaware | Send Message 21 Aug 2015
                          : $ARP
                          • Akaralph | Send Message 11 Feb 2010

                            Reviewed historic performance of all 660 CEF's. Only 7 have had positive returns every year: MIN, FDI, ICB, VBF, EGF, FMY and MGF
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