RMK Strategic Income Fund, Inc. Monthly Dividend Declaration
December 05 2008 - 4:12PM
Marketwired
RMK Strategic Income Fund, Inc. (the "Fund") (NYSE: RSF) today
announced that its Board of Directors declared a monthly dividend
of $0.015 per share, payable on December 24, 2008 to stockholders
of record on December 16, 2008. The ex-dividend date is December
12, 2008. Based on the NYSE closing price of $0.62 on December 4,
2008, the Fund's annualized dividend yield is 29.03%. Separately,
the Fund announced that it will not make any capital gains
distributions in December 2008.
Dividends may include net investment income, capital gains
and/or return of capital. The dividend yield referenced above is
calculated as the annualized amount of the most recent monthly
dividend declared divided by the stated stock price.
Portfolio of Investments as of November 30, 2008
Sector Allocation as a Percentage of Total Assets
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Asset-Backed Securities ("ABS") 13%
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Collateralized Debt Obligations ("CDOs") 6%
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High Yield Corporates 70%
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Investment Grade Corporates 2%
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Equities 2%
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Cash 7%
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Credit Allocation as a Percentage of Total Assets(1)
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A and Above 7%
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BBB 14%
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BB 27%
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B 32%
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CCC 4%
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D 1%
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Unrated 7%
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Cash 8%
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(1) Credit allocation excludes equities.
The Fund uses its web site as a channel of distribution of
material company information. Financial and other material
information regarding the Fund is routinely posted on and
accessible at
www.hyperionbrookfield.com/strategies/retail_funds.htm.
RMK Strategic Income Fund, Inc. is managed by Hyperion
Brookfield Asset Management, Inc., a registered investment advisor
located in New York City. The firm was founded in 1989 to provide
relative value driven fixed income investment strategies, such as
core fixed income, high yield, and specialized MBS. Hyperion
Brookfield manages in excess of $19 billion for a client base
including pension funds, financial institutions, mutual funds,
insurance companies and foundations. Hyperion Brookfield is a
subsidiary of Brookfield Asset Management Inc., a global asset
manager focused on property, power and other infrastructure assets
with approximately $90 billion of assets under management.
Contacts: RMK Strategic Income Fund, Inc. Three World Financial
Center 200 Vesey Street, 10th Floor New York, NY, 10281-1010
1-800-HYPERION
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