First Trust/FIDAC Mortgage Income Fund introduces monthly distribution and special distribution both payable on 15 January 2009 to shareholders of record as of 31 December 2008, with an expected ex-dividend date of 29 December 2008. Special distribution is $0.05 per common share.
First Trust/FIDAC Mortgage Income Fund (FMY):
Monthly Distribution per share:
$0.11
Distribution Rate based on 19 December 2008 NAV of $16.17:
8.16%
Distribution Rate based on 19 December 2008 closing market price of $16.22:
8.14%
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 2008 distributions will be made after the end of 2008.
L.D.