RSF RiverNorth Capital and Income Fund Trading

RADNOR, Pa., March 14 /PRNewswire/ -- The following statement was issued today by the law firm of Schiffrin Barroway Topaz & Kessler, LLP: Shareholders of Morgan Keegan & Company have until April 7, 2008, to move for appointment as lead plaintiff in a securities class action lawsuit currently pending in the United States District Court for the Western District of Tennessee against Morgan Keegan & Company, Inc. ("Morgan Keegan"), Morgan Keegan Asset Management, Inc., Regions Financial Corporation and related companies and officers and directors (collectively the "Company"). This action was filed on behalf of all purchasers of shares of the following Funds: RMK Advantage Income Fund (NYSE:RMA), RMK Strategic Income Fund (NYSE:RSF) and RMK High Income Fund (NYSE:RMH) ("the Funds") between December 6, 2004 and February 6, 2008 (the "Class Period"). If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Schiffrin Barroway Topaz & Kessler, LLP (Darren J. Check, Esq. or Richard A. Maniskas, Esq.) toll free at 1-888-299-7706 or 1-610-667-7706, or via e-mail at . The Complaint charges the Company, the Funds and certain of its officers and directors with violations of the Securities Act of 1933. Morgan Keegan served as distribution agent and underwriter for the Funds' shares during the Class Period, and also served as the Transfer and Dividend Disbursing Agent. RMK Advantage Income Fund, RMK Strategic Income Fund and RMK High Income Fund are closed-end management investment companies that invest primarily in debt securities. More specifically, the Complaint alleges that the Funds' Registration Statements failed to disclose or indicate the following: (1) the true nature and extent of the risk related to the concentrated securities within the Funds; (2) the extent to which the Funds were invested in illiquid securities; (3) that the Funds were invested in risky, new investment structures in which data was difficult to obtain; (4) that due to the Funds' illiquidity, the manager would be forced to initially sell first the liquid, lower risk assets, thereby penalizing holders of the Funds; (5) that the Funds were heavily invested in illiquid and subprime structures, such as collateralized debt obligations; (6) that the Funds were invested in assets that were being valued subjectively under "fair valuation" procedures; (7) that the Funds' Boards of Directors created a conflict of interest by not discharging their responsibilities with respect to "fair valuation" and passing said responsibilities to the Funds' investment advisor whose compensation was tied to the value of the Funds' assets; (8) that the Funds did not employ sufficient "value-investing" strategies, yet they were sold to the public as being committed to "value-oriented" investing; (9) that although the Funds were said to be independent and employ different investment strategies, they were managed in a nearly identical fashion and employed nearly identical strategies, resulting in increased risk; (10) that the Funds were heavily invested in risky, non-conforming mortgages that did not comply with FHLMC or FNMA standards; (11) that the Funds' pre-2006 results were attributable to their concentration in illiquid, subprime and untested investment structures; and (12) that adequate internal and financial controls did not exist. Each of the Funds, pursuant to an individual yet substantially similar Registration Statement and Prospectus filed with the SEC were initially offered for $15 per share. On December 6, 2004 the share price for each of the Funds was as follows: RMA at $15.82 per share, RSF at $16.60 per share and RMH at $18.20 per share. As a result of various statements and news stories issued, the value of the Funds' shares consistently declined. By February 6, 2008, each of the Funds was trading far below the closing price on December 6, 2004. On February 6, 2008, RMA declined to $4.10 per share for a cumulative loss of $11.72, or over 74% of the price on December 6, 2004. Similarly, RSF declined to $3.90 per share for a cumulative loss of $12.70, or over 76% of the price on December 6, 2004. Finally, RMH declined to $4.20 for a cumulative loss of $14, or almost 77% of the price on December 6, 2004. As a result of defendants' wrongful acts and omissions, and the precipitous decline in the market value of the Funds' securities, Plaintiff and other Class Members have suffered significant losses and damages. Plaintiff seeks to recover damages on behalf of class members and is represented by the law firm of Schiffrin Barroway Topaz & Kessler which prosecutes class actions in both state and federal courts throughout the country. Schiffrin Barroway Topaz & Kessler is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world. For more information about Schiffrin Barroway Topaz & Kessler or to sign up to participate in this action online, please visit http://www.sbtklaw.com/ If you are a member of the class described above, you may, not later than April 7, 2008, move the Court to serve as lead plaintiff of the class, if you so choose. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. Any member of the purported class may move the court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. CONTACT: Schiffrin Barroway Topaz & Kessler, LLP Darren J. Check, Esq. Richard A. Maniskas, Esq. 280 King of Prussia Road Radnor, PA 19087 1-888-299-7706 (toll free) or 1-610-667-7706 Or by e-mail at DATASOURCE: Schiffrin Barroway Topaz & Kessler, LLP CONTACT: Darren J. Check, Esq., or Richard A. Maniskas, Esq., both of Schiffrin Barroway Topaz & Kessler, LLP, +1-888-299-7706 (toll free), +1-610-667-7706, Web site: http://www.sbtklaw.com/

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