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PRESS RELEASE                                 SOURCE:  First Trust Advisors L.P.


FIRST TRUST ADVISORS L.P. ANNOUNCES PORTFOLIO MANAGER CALL FOR FIRST TRUST
MORTGAGE INCOME FUND

WHEATON, IL -- (BUSINESS WIRE) -- September 29, 2011 -- First Trust Advisors
L.P. ("FTA") announced today that First Trust Mortgage Income Fund (NYSE: FMY)
(the "Fund") intends to host a conference call with Brookfield Investment
Management, Inc. ("Brookfield"), the Fund's investment sub-advisor, on Thursday,
October 13, 2011, at 4:15 P.M. Eastern Time. The purpose of the call is to hear
Brookfield's portfolio management team provide an update for the Fund and the
Market.

--    Dial-in Number: Domestic (866) 865-6631; International (706) 679-1727; and
      Passcode # 98214722. Please call 10 to 15 minutes before the scheduled
      start of the teleconference.

--    Telephone Replay: Domestic (800) 585-8367; International (404) 537-3406;
      and Passcode # 98214722. The replay will be available after the call until
      11:59 P.M. Eastern Time on Sunday, November 13, 2011.

FTA has served as the Fund's investment advisor since the Fund's inception. FTA,
along with its affiliate First Trust Portfolios L.P., are privately-held
companies which provide a variety of investment services, including asset
management, financial advisory services, and competitive municipal
underwritings, with collective assets under management or supervision of over
$46 billion as of August 31, 2011 through unit investment trusts,
exchange-traded funds, closed-end funds, mutual funds and separate managed
accounts.

Brookfield Investment Management Inc., the investment sub-advisor for the Fund
since April 29, 2011, is a global investment advisor focused on specialized
equity and fixed income securities investments. The firm is a subsidiary of
Brookfield Asset Management Inc., a leading global asset manager with over $150
billion in assets under management as of June 30, 2011 and over 100 years of
experience in the property, power and infrastructure industries. Brookfield
Investment Management Inc. is an SEC registered investment advisor, and with its
affiliates had approximately $24 billion in assets under management as of June
30, 2011. Headquartered in New York, the firm maintains offices and investment
teams in Chicago, Boston, London, Hong Kong, Sydney and Toronto.

If you have questions about the Fund that you would like answered on the call,
please email your questions to cefquestions@ftadvisors.com and refer to FMY by
Tuesday, October 11, 6:00 P.M. Eastern Time. The Fund's daily closing price and
net asset value per share as well as other information can be found at
www.ftportfolios.com or by calling (800) 988-5891.


CONTACT: JEFF MARGOLIN -- (630) 915-6784


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Source:  First Trust Advisors L.P.