Mortgage-backed security

Regan Capital Launches the Regan Floating Rate MBS ETF (NYSE: MBSF)

Retrieved on: 
Wednesday, February 28, 2024
REIT, Finance, Professional Services, Residential Building & Real Estate, Construction & Property, Fannie Mae, OTC, Rate, Cantor Fitzgerald, Mortgage-backed security, Index, Government, Federal Reserve, Agency, ETF, Risk, Federal, Freddie Mac, Capital, Treasury, RMBS, Security (finance)

Regan Capital , an investment firm with $1.3 billion in assets under management, today announced the launch of the Regan Floating Rate MBS ETF (NYSE: MBSF), an actively managed exchange-traded fund that invests primarily in floating rate Agency Residential Mortgage-Backed Securities (RMBS).

Key Points: 
  • Regan Capital , an investment firm with $1.3 billion in assets under management, today announced the launch of the Regan Floating Rate MBS ETF (NYSE: MBSF), an actively managed exchange-traded fund that invests primarily in floating rate Agency Residential Mortgage-Backed Securities (RMBS).
  • MBSF can also act as a cash alternative to money market funds, due to its high yield and liquidity.
  • As a result, MBSF can perform in a variety of interest rate environments, and we believe it is interest rate neutral.
  • In 2020, Regan Capital launched the Regan Total Return Income Fund (RCIRX), a mutual fund which invests across the fixed income market with a focus on mortgage bonds.

First Trust Mortgage Income Fund Declares its Monthly Common Share Distribution of $0.055 Per Share for July

Retrieved on: 
Tuesday, June 20, 2023
Banking, Professional Services, Finance, Vaccine, AIB (NI), Uncertainty, New York Stock Exchange, Risk, Loss, Failure, ERISA, Investment, Financial Conduct Authority, LIBOR, COVID-19, FMY, Infection, Terrorism, Sale, Judgement, Hedge fund, Internal Revenue Code, FTP, Mortgage-backed security, London Interbank Bid Rate, Internal Revenue Code section 409A, FINRA, United Kingdom, Fund, NYSE, FTA, Disease, Real estate, Life insurance, Security (finance), Financial adviser, Bank, Credit

First Trust Mortgage Income Fund (the "Fund") (NYSE: FMY) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.055 per share payable on July 17, 2023, to shareholders of record as of July 5, 2023.

Key Points: 
  • First Trust Mortgage Income Fund (the "Fund") (NYSE: FMY) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.055 per share payable on July 17, 2023, to shareholders of record as of July 5, 2023.
  • The Fund is a diversified, closed-end management investment company that seeks to provide a high level of current income.
  • First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor.
  • FTP is also a distributor of mutual fund shares and exchange-traded fund creation units.

First Trust Mortgage Income Fund Declares its Monthly Common Share Distribution of $0.055 Per Share for June

Retrieved on: 
Monday, May 22, 2023
Banking, Professional Services, Finance, Vaccine, AIB (NI), Uncertainty, New York Stock Exchange, Risk, Loss, Failure, ERISA, Investment, Financial Conduct Authority, LIBOR, COVID-19, FMY, Infection, Terrorism, Sale, Judgement, Hedge fund, Internal Revenue Code, FTP, Mortgage-backed security, London Interbank Bid Rate, Internal Revenue Code section 409A, FINRA, United Kingdom, Fund, NYSE, FTA, Disease, Life insurance, Security (finance), Financial adviser, Bank, Credit

First Trust Mortgage Income Fund (the "Fund") (NYSE: FMY) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.055 per share payable on June 15, 2023, to shareholders of record as of June 2, 2023.

Key Points: 
  • First Trust Mortgage Income Fund (the "Fund") (NYSE: FMY) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.055 per share payable on June 15, 2023, to shareholders of record as of June 2, 2023.
  • The Fund is a diversified, closed-end management investment company that seeks to provide a high level of current income.
  • First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor.
  • FTP is also a distributor of mutual fund shares and exchange-traded fund creation units.

First Trust Mortgage Income Fund Declares its Monthly Common Share Distribution of $0.055 Per Share for May

Retrieved on: 
Thursday, April 20, 2023
Banking, Professional Services, Finance, Vaccine, AIB (NI), Uncertainty, New York Stock Exchange, Risk, Loss, Failure, ERISA, Investment, Financial Conduct Authority, LIBOR, COVID-19, FMY, Infection, Terrorism, Sale, Judgement, Hedge fund, Internal Revenue Code, FTP, Mortgage-backed security, London Interbank Bid Rate, Internal Revenue Code section 409A, FINRA, United Kingdom, Fund, NYSE, FTA, Disease, Real estate, Clothing, Life insurance, Security (finance), Financial adviser, Bank, Credit

First Trust Mortgage Income Fund (the "Fund") (NYSE: FMY) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.055 per share payable on May 15, 2023, to shareholders of record as of May 2, 2023.

Key Points: 
  • First Trust Mortgage Income Fund (the "Fund") (NYSE: FMY) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.055 per share payable on May 15, 2023, to shareholders of record as of May 2, 2023.
  • The Fund is a diversified, closed-end management investment company that seeks to provide a high level of current income.
  • First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor.
  • FTP is also a distributor of mutual fund shares and exchange-traded fund creation units.

First Trust Mortgage Income Fund Declares its Monthly Common Share Distribution of $0.055 Per Share for April

Retrieved on: 
Monday, March 20, 2023
Banking, Professional Services, Finance, Vaccine, AIB (NI), Uncertainty, New York Stock Exchange, Risk, Loss, Failure, ERISA, Investment, Financial Conduct Authority, LIBOR, COVID-19, FMY, Infection, Terrorism, Sale, Judgement, Hedge fund, Internal Revenue Code, FTP, Mortgage-backed security, London Interbank Bid Rate, Internal Revenue Code section 409A, FINRA, United Kingdom, Fund, NYSE, FTA, Disease, Life insurance, Security (finance), Financial adviser, Bank, Credit

First Trust Mortgage Income Fund (the "Fund") (NYSE: FMY) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.055 per share payable on April 17, 2023, to shareholders of record as of April 4, 2023.

Key Points: 
  • First Trust Mortgage Income Fund (the "Fund") (NYSE: FMY) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.055 per share payable on April 17, 2023, to shareholders of record as of April 4, 2023.
  • The Fund is a diversified, closed-end management investment company that seeks to provide a high level of current income.
  • First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor.
  • FTP is also a distributor of mutual fund shares and exchange-traded fund creation units.

First Trust Mortgage Income Fund Declares its Monthly Common Share Distribution of $0.055 Per Share for March

Retrieved on: 
Tuesday, February 21, 2023
Banking, Professional Services, Finance, FTA, Terrorism, FTP, Hedge fund, AIB (NI), NYSE, Disease, Mortgage-backed security, Uncertainty, Risk, FMY, United Kingdom, Investment, London Interbank Bid Rate, ERISA, Fund, Internal Revenue Code section 409A, Loss, Judgement, Sale, Failure, Financial Conduct Authority, Infection, LIBOR, FINRA, Internal Revenue Code, Vaccine, COVID-19, New York Stock Exchange, Real estate, Life insurance, Security (finance), Financial adviser, Bank, Credit

First Trust Mortgage Income Fund (the "Fund") (NYSE: FMY) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.055 per share payable on March 15, 2023, to shareholders of record as of March 3, 2023.

Key Points: 
  • First Trust Mortgage Income Fund (the "Fund") (NYSE: FMY) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.055 per share payable on March 15, 2023, to shareholders of record as of March 3, 2023.
  • The Fund is a diversified, closed-end management investment company that seeks to provide a high level of current income.
  • First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor.
  • FTP is also a distributor of mutual fund shares and exchange-traded fund creation units.

First Trust Mortgage Income Fund Declares its Monthly Common Share Distribution of $0.055 Per Share for February

Retrieved on: 
Monday, January 23, 2023
Professional Services, Finance, Loss, Uncertainty, Vaccine, Infection, Financial Conduct Authority, United Kingdom, Investment, Judgement, NYSE, FMY, New York Stock Exchange, Hedge fund, Risk, LIBOR, Internal Revenue Code section 409A, Terrorism, Sale, FTA, AIB (NI), FINRA, London Interbank Bid Rate, Failure, Fund, Internal Revenue Code, Disease, FTP, Mortgage-backed security, COVID-19, ERISA, Real estate, Life insurance, Security (finance), Financial adviser, Bank, Credit

First Trust Mortgage Income Fund (the "Fund") (NYSE: FMY) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.055 per share payable on February 15, 2023, to shareholders of record as of February 2, 2023.

Key Points: 
  • First Trust Mortgage Income Fund (the "Fund") (NYSE: FMY) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.055 per share payable on February 15, 2023, to shareholders of record as of February 2, 2023.
  • The Fund is a diversified, closed-end management investment company that seeks to provide a high level of current income.
  • First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor.
  • FTP is also a distributor of mutual fund shares and exchange-traded fund creation units.

PGIM announces Michael Lillard to retire in 2024; appoints John Vibert as future CEO of PGIM Fixed Income

Retrieved on: 
Wednesday, January 11, 2023
Other Professional Services, Asset Management, Professional Services, Finance, Prudential Financial, Prudential, CIO, Risk management, RMBS, Culture, Mortgage-backed security, Morgan Stanley, NYSE, Business administration, PRU, Multimedia, Treasury, Credit Suisse, Business, Renewable energy, Management, PGIM

PGIM, the $1.2 trillion global investment management business of Prudential Financial, Inc. ( NYSE: PRU ), has announced Head of PGIM Fixed Income Michael Lillard will retire in April 2024.

Key Points: 
  • PGIM, the $1.2 trillion global investment management business of Prudential Financial, Inc. ( NYSE: PRU ), has announced Head of PGIM Fixed Income Michael Lillard will retire in April 2024.
  • In turn, John Vibert will be appointed as president and CEO of the $759 billion active global fixed income manager, effective Jan. 1, 2024.
  • View the full release here: https://www.businesswire.com/news/home/20230111005258/en/
    Michael Lillard, Head of PGIM Fixed Income, PGIM Fixed Income (Photo: Business Wire)
    Lillard joined Prudential in 1987 and has served in a host of investment and leadership roles throughout his tenure.
  • In addition to assuming the head of Fixed Income role in January 2016, Lillard was the firm’s CIO from 2008 to 2021.

Freddie Mac Announces Replacement Rates for its Legacy LIBOR Contracts

Retrieved on: 
Thursday, December 22, 2022
Benchmark, International Swaps and Derivatives Association, Wild Arms, OTCQB, SOFR, Capital market, FHFA, Federal Reserve Bank of New York, Federal Housing Finance Agency, Federal Reserve Board of Governors, USD, Index, LIBOR, Freddie Mac, Mortgage-backed security, FMCC, ICE, Adjustable-rate mortgage, Federal Reserve Bank, Federal Reserve, Investment, Interest rate, Legacy, Congress, Housing, Cryptocurrency, Credit

“Freddie Mac’s transition of existing LIBOR contracts to a new index rate will mark the conclusion of a long and consequential project to replace the index in those contracts,” said John Glessner, Freddie Mac senior vice president and head of the Investments and Capital Markets.

Key Points: 
  • “Freddie Mac’s transition of existing LIBOR contracts to a new index rate will mark the conclusion of a long and consequential project to replace the index in those contracts,” said John Glessner, Freddie Mac senior vice president and head of the Investments and Capital Markets.
  • Freddie Mac plans to transition as follows:
    For Single-Family ARMs, Freddie Mac servicers will be instructed to transition to the all-in spread-adjusted term SOFR reference rates recommended by the Federal Reserve Board and administered and published by Refinitiv Limited, which include a one-year transition period.
  • The replacement rates announced today use the Federal Reserve Board-recommended replacement rates contained in the regulations implementing the Adjustable Interest Rate (LIBOR) Act enacted into law in March 2022.
  • More information about Freddie Mac’s effort to transition from LIBOR, including a list of Legacy LIBOR products set to transition, may be found on the company’s Reference Rates Transition website .

First Trust Mortgage Income Fund Declares Its Monthly Common Share Distribution of $0.055 Per Share for January

Retrieved on: 
Tuesday, December 20, 2022
Professional Services, Finance, Terrorism, Hedge fund, ERISA, FINRA, New York Stock Exchange, Failure, FTP, COVID-19, Judgement, Risk, LIBOR, Sale, FMY, Internal Revenue Code section 409A, Disease, Mortgage-backed security, NYSE, Infection, AIB (NI), London Interbank Bid Rate, Uncertainty, Investment, Internal Revenue Code, FTA, United Kingdom, Financial Conduct Authority, Loss, Vaccine, Fund, Real estate, Renewable energy, Life insurance, Security (finance), Financial adviser, Bank, Credit

First Trust Mortgage Income Fund (the "Fund") (NYSE: FMY) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.055 per share payable on January 17, 2023, to shareholders of record as of January 4, 2023.

Key Points: 
  • First Trust Mortgage Income Fund (the "Fund") (NYSE: FMY) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.055 per share payable on January 17, 2023, to shareholders of record as of January 4, 2023.
  • The Fund is a diversified, closed-end management investment company that seeks to provide a high level of current income.
  • First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor.
  • FTP is also a distributor of mutual fund shares and exchange-traded fund creation units.