CARMEL, Ind., Aug. 12 /PRNewswire-FirstCall/ -- 40|86 Strategic Income Fund (the "Fund") (NYSE:CFD) today announced that the Fund's Special and Annual Meetings of Shareholders (the "Meetings") have been adjourned to August 25, 2009 to permit the Fund to obtain the necessary votes to reach quorum to approve the proposed investment advisory agreement ("Agreement") between the Fund and Hyperion Brookfield Asset Management, Inc. The adjourned Meetings will be held on August 25, 2009 at 10:00 a.m. at the offices of 40|86 Advisors, Inc., 535 North College Drive, Building K, Carmel, Indiana 46032. Shareholders who require assistance in voting should call Broadridge Financial Solutions, the Fund's proxy solicitor at 866-412-8385. Forward-Looking Information This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements that are based on various assumptions (some of which are beyond our control) may be identified by reference to a future period or periods or by the use of forward-looking terminology, such as "may," "will," "believe," "expect," "anticipate," "continue," "should," "intend," or similar terms or variations on those terms or the negative of those terms. Although we believe that the expectations contained in any forward-looking statement are based on reasonable assumptions, we can give no assurance that our expectations will be attained. We do not undertake, and specifically disclaim any obligation, to publicly release any update or supplement to any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements. DATASOURCE: 40|86 Strategic Income Fund CONTACT: Jeffrey M. Stautz, 40|86 Advisors, Inc., +1-317-817-6422

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