American Income Fund (MRF)

Primary Investments

American Income Fund, Inc. invests in fixed-income securities, primarily in mortgage-backed securities. The Fund also invests in other debt securities, such as collateralized mortgage obligations (CMOs) and asset-backed securities, high-yield bonds, corporate bonds, and preferred stock. The following outlines the Fund's investment policies.

  • The Fund expects generally to invest at least 65% of its assets in investment-grade securities.
  • No more than 35% of the Fund's assets may be held in high-yield issues.
  • The Fund is authorized to borrow Funds or issue senior securities in amounts not exceeding 33 1/3% of its total assets.

Fund Objective

American Income Fund, Inc. is a closed-end investment fund that invests primarily in high-quality, fixed-income securities. The Fund is listed on the New York Stock Exchange with common shares traded under the symbol MRF. The Fund's investment objective is to achieve high monthly income consistent with prudent investment risk; its dividend objective is to distribute monthly income in excess of that attainable from investments in U.S. Treasury securities having the same maturity as the expected average life of the Fund's investments.


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