[SCHEDULE 13D/A] FIRST TRUST MORTGAGE INCOME FUND SEC Filing
This amendment reports that Sit Investment Associates, Inc. and Sit Fixed Income Advisors II, LLC (the "Sit Entities") are disclosed as beneficial owners of 2,230,943 shares of First Trust Mortgage Income Fund common stock, representing 53.0% of the 4,213,115 shares reported outstanding as of April 30, 2025. The shares are held in client accounts and the Sit Entities report shared voting and dispositive power over these shares; none of SIA's or SFI's directors or executive officers own shares directly.
The filing references a schedule of transactions in the last 60 days as Exhibit A but does not include transaction details in the body of this amendment. Other items of the previously filed Schedule 13D remain unchanged except as specifically amended.
Questa modifica rende noto che Sit Investment Associates, Inc. e Sit Fixed Income Advisors II, LLC (le "Sit Entities") sono dichiarate come beneficiari effettivi di 2.230.943 azioni ordinarie di First Trust Mortgage Income Fund, corrispondenti al 53,0% delle 4.213.115 azioni risultanti in circolazione al 30 aprile 2025. Le azioni sono detenute in conti di clienti e le Sit Entities segnalano di avere poteri congiunti di voto e di disposizione su tali azioni; nessuno dei direttori o dirigenti di SIA o di SFI possiede azioni direttamente.
La comunicazione fa riferimento a un prospetto delle operazioni degli ultimi 60 giorni come Allegato A, ma non include i dettagli delle transazioni nel corpo di questa modifica. Le altre voci del precedente Schedule 13D restano invariate salvo le modifiche specificamente indicate.
Enmienda que informa que Sit Investment Associates, Inc. y Sit Fixed Income Advisors II, LLC (las "Sit Entities") se declaran como propietarios beneficiarios de 2.230.943 acciones ordinarias de First Trust Mortgage Income Fund, lo que representa el 53,0% de las 4.213.115 acciones comunicadas en circulaci贸n al 30 de abril de 2025. Las acciones est谩n retenidas en cuentas de clientes y las Sit Entities informan tener poderes compartidos de voto y disposici贸n sobre dichas acciones; ninguno de los directores o altos cargos de SIA o SFI posee acciones de forma directa.
La presentaci贸n hace referencia a un registro de transacciones en los 煤ltimos 60 d铆as como Anexo A, pero no incluye los detalles de las transacciones en el cuerpo de esta enmienda. Los dem谩s puntos del Schedule 13D previamente presentado permanecen sin cambios salvo en lo que se haya enmendado espec铆ficamente.
氤� 靾橃爼靹滌棎電� Sit Investment Associates, Inc. 氚� Sit Fixed Income Advisors II, LLC(鞚错晿 "Sit Entities")臧� First Trust Mortgage Income Fund 氤错喌欤� 2,230,943欤检棎 雽�頃� 鞁れ鞝� 靻岇湢鞛愲 氤搓碃霅橃棃鞙茧┌, 鞚措姅 2025雲� 4鞗� 30鞚� 旮办 氤搓碃霅� 鞙犿喌欤检嫕 4,213,115欤检潣 53.0%鞐� 頃措嫻頃滊嫟電� 雮挫毄鞚� 旮办灛霅橃柎 鞛堨姷雼堧嫟. 頃措嫻 欤检嫕鞚� 瓿犼皾 瓿勳鞐� 氤挫湢霅橃柎 鞛堨溂氅� Sit Entities電� 鞚� 欤检嫕鞐� 雽�頃� 韴憸甓� 氚� 觳橂秳甓岇潉 瓿惦彊鞙茧 氤挫湢頃橁碃 鞛堧嫟瓿� 氤搓碃頄堨姷雼堧嫟; SIA 霕愲姅 SFI鞚� 鞚挫偓雮� 鞛勳洂 欷� 雸勱惮霃� 欤检嫕鞚� 歆侅爲 氤挫湢頃橁碃 鞛堨 鞎婌姷雼堧嫟.
氤� 鞝滌稖靹滊姅 斓滉芳 60鞚缄皠鞚� 瓯半灅 雮挫棴鞚� 歃濍箼 A響�(Exhibit A)搿� 彀胳“頃橃毵�, 鞚� 靾橃爼靹� 氤鸽鞐愲姅 瓯半灅 靹鸽秬靷暛鞚� 韽暔頃橁碃 鞛堨 鞎婌姷雼堧嫟. 鞚挫爠 鞝滌稖霅� Schedule 13D鞚� 雼るジ 頃霌れ潃 氇呾嫓鞝侅溂搿� 靾橃爼霅� 攵�攵勳潉 鞝滌櫢頃橁碃 氤�瓴诫悩歆� 鞎婌晿鞀惦媹雼�.
Cet amendement indique que Sit Investment Associates, Inc. et Sit Fixed Income Advisors II, LLC (les 芦 Sit Entities 禄) sont d茅clar茅es comme d茅tenteurs effectifs de 2 230 943 actions ordinaires de First Trust Mortgage Income Fund, repr茅sentant 53,0% des 4 213 115 actions signal茅es en circulation au 30 avril 2025. Les actions sont d茅tenues dans des comptes clients et les Sit Entities d茅clarent disposer de pouvoirs partag茅s de vote et de disposition sur ces actions ; aucun des administrateurs ou dirigeants de SIA ou de SFI ne poss猫de d鈥檃ctions directement.
Le d茅p么t fait r茅f茅rence 脿 un tableau des transactions des 60 derniers jours en tant qu鈥橝nnexe A (Exhibit A), mais n鈥檌nclut pas les d茅tails des transactions dans le corps de cet amendement. Les autres 茅l茅ments du Schedule 13D pr茅c茅demment d茅pos茅 restent inchang茅s sauf modifications express茅ment indiqu茅es.
Diese 脛nderung berichtet, dass Sit Investment Associates, Inc. und Sit Fixed Income Advisors II, LLC (die "Sit Entities") als wirtschaftliche Eigent眉mer von 2.230.943 Aktien der Stammaktien von First Trust Mortgage Income Fund angegeben sind, was 53,0% der zum 30. April 2025 gemeldeten 4.213.115 ausstehenden Aktien entspricht. Die Aktien werden in Kundenkonten gehalten, und die Sit Entities geben an, 眉ber diese Aktien geteilte Stimm- und Verf眉gungsbefugnisse zu verf眉gen; keiner der Direktoren oder F眉hrungskr盲fte von SIA oder SFI besitzt Aktien direkt.
Die Einreichung verweist auf einen Ablauf der Transaktionen der letzten 60 Tage als Anlage A (Exhibit A), enth盲lt jedoch keine Transaktionsdetails im Text dieser 脛nderung. Andere Punkte des zuvor eingereichten Schedule 13D bleiben unver盲ndert, au脽er dort, wo ausdr眉cklich abge盲ndert.
- Majority ownership disclosed: Sit Entities are reported as beneficial owners of 2,230,943 shares (53.0%) of FMY, a material, controlling stake.
- Shared voting and dispositive power: The reporting persons disclose clear authority to vote and dispose of the shares, indicating practical influence over corporate actions.
- Holdings are in client accounts: Shares are held for clients, indicating the position may reflect client mandates rather than the firms' proprietary investment intent.
- No sole ownership by reporting persons: Reporting persons report 0 sole voting and dispositive power, which may complicate attribution and decision-making transparency.
Insights
TL;DR: The Sit Entities control a majority stake (53.0%) via client accounts, giving them de facto control of FMY's voting outcomes.
The disclosed 53.0% beneficial ownership is material and indicates the reporting persons, through shared voting and dispositive power, can influence governance and major corporate actions. Because the shares are held in client accounts with shared power rather than sole ownership, the ownership may reflect discretionary client mandates rather than direct proprietary positions by the reporting firms. The amendment does not provide the detailed recent transaction entries (Exhibit A is referenced but not shown here), which limits the ability to assess whether holdings increased, decreased, or were reallocated among client accounts during the prior 60 days.
TL;DR: Majority stake by advisory entities can materially affect board elections and policy decisions, but ownership is via client accounts.
Holding a majority of outstanding shares (53.0%) is governance-significant: these reporting persons can substantially influence shareholder votes, board composition, and certain corporate approvals. The filing clarifies that power is shared and that no directors or executive officers of SIA or SFI hold shares directly, which suggests control is exercised through client mandates rather than direct insider ownership. The lack of included transaction details in Exhibit A constrains assessment of intent, timing, and whether the position is passive or strategic.
Questa modifica rende noto che Sit Investment Associates, Inc. e Sit Fixed Income Advisors II, LLC (le "Sit Entities") sono dichiarate come beneficiari effettivi di 2.230.943 azioni ordinarie di First Trust Mortgage Income Fund, corrispondenti al 53,0% delle 4.213.115 azioni risultanti in circolazione al 30 aprile 2025. Le azioni sono detenute in conti di clienti e le Sit Entities segnalano di avere poteri congiunti di voto e di disposizione su tali azioni; nessuno dei direttori o dirigenti di SIA o di SFI possiede azioni direttamente.
La comunicazione fa riferimento a un prospetto delle operazioni degli ultimi 60 giorni come Allegato A, ma non include i dettagli delle transazioni nel corpo di questa modifica. Le altre voci del precedente Schedule 13D restano invariate salvo le modifiche specificamente indicate.
Enmienda que informa que Sit Investment Associates, Inc. y Sit Fixed Income Advisors II, LLC (las "Sit Entities") se declaran como propietarios beneficiarios de 2.230.943 acciones ordinarias de First Trust Mortgage Income Fund, lo que representa el 53,0% de las 4.213.115 acciones comunicadas en circulaci贸n al 30 de abril de 2025. Las acciones est谩n retenidas en cuentas de clientes y las Sit Entities informan tener poderes compartidos de voto y disposici贸n sobre dichas acciones; ninguno de los directores o altos cargos de SIA o SFI posee acciones de forma directa.
La presentaci贸n hace referencia a un registro de transacciones en los 煤ltimos 60 d铆as como Anexo A, pero no incluye los detalles de las transacciones en el cuerpo de esta enmienda. Los dem谩s puntos del Schedule 13D previamente presentado permanecen sin cambios salvo en lo que se haya enmendado espec铆ficamente.
氤� 靾橃爼靹滌棎電� Sit Investment Associates, Inc. 氚� Sit Fixed Income Advisors II, LLC(鞚错晿 "Sit Entities")臧� First Trust Mortgage Income Fund 氤错喌欤� 2,230,943欤检棎 雽�頃� 鞁れ鞝� 靻岇湢鞛愲 氤搓碃霅橃棃鞙茧┌, 鞚措姅 2025雲� 4鞗� 30鞚� 旮办 氤搓碃霅� 鞙犿喌欤检嫕 4,213,115欤检潣 53.0%鞐� 頃措嫻頃滊嫟電� 雮挫毄鞚� 旮办灛霅橃柎 鞛堨姷雼堧嫟. 頃措嫻 欤检嫕鞚� 瓿犼皾 瓿勳鞐� 氤挫湢霅橃柎 鞛堨溂氅� Sit Entities電� 鞚� 欤检嫕鞐� 雽�頃� 韴憸甓� 氚� 觳橂秳甓岇潉 瓿惦彊鞙茧 氤挫湢頃橁碃 鞛堧嫟瓿� 氤搓碃頄堨姷雼堧嫟; SIA 霕愲姅 SFI鞚� 鞚挫偓雮� 鞛勳洂 欷� 雸勱惮霃� 欤检嫕鞚� 歆侅爲 氤挫湢頃橁碃 鞛堨 鞎婌姷雼堧嫟.
氤� 鞝滌稖靹滊姅 斓滉芳 60鞚缄皠鞚� 瓯半灅 雮挫棴鞚� 歃濍箼 A響�(Exhibit A)搿� 彀胳“頃橃毵�, 鞚� 靾橃爼靹� 氤鸽鞐愲姅 瓯半灅 靹鸽秬靷暛鞚� 韽暔頃橁碃 鞛堨 鞎婌姷雼堧嫟. 鞚挫爠 鞝滌稖霅� Schedule 13D鞚� 雼るジ 頃霌れ潃 氇呾嫓鞝侅溂搿� 靾橃爼霅� 攵�攵勳潉 鞝滌櫢頃橁碃 氤�瓴诫悩歆� 鞎婌晿鞀惦媹雼�.
Cet amendement indique que Sit Investment Associates, Inc. et Sit Fixed Income Advisors II, LLC (les 芦 Sit Entities 禄) sont d茅clar茅es comme d茅tenteurs effectifs de 2 230 943 actions ordinaires de First Trust Mortgage Income Fund, repr茅sentant 53,0% des 4 213 115 actions signal茅es en circulation au 30 avril 2025. Les actions sont d茅tenues dans des comptes clients et les Sit Entities d茅clarent disposer de pouvoirs partag茅s de vote et de disposition sur ces actions ; aucun des administrateurs ou dirigeants de SIA ou de SFI ne poss猫de d鈥檃ctions directement.
Le d茅p么t fait r茅f茅rence 脿 un tableau des transactions des 60 derniers jours en tant qu鈥橝nnexe A (Exhibit A), mais n鈥檌nclut pas les d茅tails des transactions dans le corps de cet amendement. Les autres 茅l茅ments du Schedule 13D pr茅c茅demment d茅pos茅 restent inchang茅s sauf modifications express茅ment indiqu茅es.
Diese 脛nderung berichtet, dass Sit Investment Associates, Inc. und Sit Fixed Income Advisors II, LLC (die "Sit Entities") als wirtschaftliche Eigent眉mer von 2.230.943 Aktien der Stammaktien von First Trust Mortgage Income Fund angegeben sind, was 53,0% der zum 30. April 2025 gemeldeten 4.213.115 ausstehenden Aktien entspricht. Die Aktien werden in Kundenkonten gehalten, und die Sit Entities geben an, 眉ber diese Aktien geteilte Stimm- und Verf眉gungsbefugnisse zu verf眉gen; keiner der Direktoren oder F眉hrungskr盲fte von SIA oder SFI besitzt Aktien direkt.
Die Einreichung verweist auf einen Ablauf der Transaktionen der letzten 60 Tage als Anlage A (Exhibit A), enth盲lt jedoch keine Transaktionsdetails im Text dieser 脛nderung. Andere Punkte des zuvor eingereichten Schedule 13D bleiben unver盲ndert, au脽er dort, wo ausdr眉cklich abge盲ndert.
FAQ
How many FMY shares do the Sit Entities report owning?
Do the Sit Entities have voting control over FMY shares?
Are the shares owned directly by Sit's directors or officers?
Where are the shares held according to the filing?
Does the amendment include recent transaction details?
What percent of FMY outstanding shares does 2,230,943 represent?
