Monitor for any future changes in SIT's investment intent or stake size; the transition back to passive 13G status reduces the likelihood of activist activity from this holder.
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Executive Summary
SIT Investment Associates Inc. filed an amended Schedule 13G/A for First Trust Mortgage Income Fund (FMY), reporting beneficial ownership of 2,320,350 common shares (55.1% of shares outstanding as of 10/31/2025). The filing notes that as of 9/29/2026, the reporting persons no longer hold securities with a purpose of changing or influencing control, transitioning back from a Schedule 13D to a passive 13G filing. This is a routine passive stake update with no material change in position.
Key Financial Metrics
Key Facts
- SIT Investment Associates Inc. and Sit Fixed Income Advisors II, LLC report 2,320,350 shares of FMY common stock
- Ownership represents 55.1% of outstanding shares based on 4,221,315 shares outstanding as of 10/31/2025
- Filing transitions from Schedule 13D back to Schedule 13G, indicating no active control or influence intent
- Amendment No. 15 filed on 10/1/2026, with data as of 9/29/2026
Financial Impact
No financial impact — passive stake disclosure with no change in position
Risk Factors
- No material risks identified from this filing
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13G/A Filing (Primary) | 0000769317-26-000022 |
| Document: 0000769317-26-000022-index.html | 0000769317-26-000022 |
| Document: 0000769317-26-000022.txt | 0000769317-26-000022 |
US Market Status
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