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First Trust, Brookfield Deal Gets Nod

First Trust Mortgage Income Fund has received shareholder approval for a new investment sub-advisory agreement with Brookfield Investment Management.

First Trust Mortgage Income Fund hasreceived shareholder approval for a new investment sub-advisory agreement with Brookfield Investment Management. The fund’s board of trustees approved an investment sub-advisory agreement on temporary basis with Brookfield, effective from April 29, 2011.

The fund seeks to provide a high level of current income and preserve capital. It will invest primarily in mortgage-backed securities representing part ownership in a pool of either residential or commercial mortgage loans.

Click here for the release from Business Wire.

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