American Income Fund (MRF)
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.
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.
Links to External Web Sites
Hypertext links to other Internet sites are included as a convenience for our customers and visitors. Should you leave this site via a link to another Internet site, you do so at your own risk. The content to which you link will not have been developed, checked for accuracy, or otherwise reviewed by First American Funds. The fact that such links have been provided does not constitute an endorsement, authorization, sponsorship by or affiliation with First American Funds with respect to any linked site or its sponsor. First American Funds is not responsible for damages or losses caused by any delays, defects or omissions that may exist in the services, information or other content provided in such site, whether actual, alleged, consequential or punitive. First American Funds makes no guarantees or representations as to, and shall have no liability for, any electronic content delivered by any third party, including, without limitation, the accuracy, subject matter, quality or timeliness of any electronic content.