RHY Rmk MS HI Income Fd

As previously announced, Hyperion Brookfield Asset Management, Inc. will host a conference call on September 4, 2008 at 4:30 p.m. EDT (3:30 p.m. Central) to provide an update and to respond to shareholder questions on the following funds:

- RMK Advantage Income Fund, Inc. (NYSE: RMA)
- RMK High Income Fund, Inc. (NYSE: RMH)
- RMK Multi-Sector High Income Fund, Inc. (NYSE: RHY)
- RMK Strategic Income Fund, Inc. (NYSE: RSF)

  And the following series of the Morgan Keegan Select Fund, Inc.:
- Regions Morgan Keegan Select High Income Fund (NYSE: MKHIX),
- Regions Morgan Keegan Select Short Term Bond Fund (NYSE: MSBIX), and
- Regions Morgan Keegan Select Intermediate Bond Fund (NYSE: MKIBX)
  (collectively, the "Funds")

The teleconference can be accessed by dialing 877-397-0272 or 719-325-4900 (International). A replay of the recorded teleconference will be available through September 18, 2008. The replay can be accessed by dialing 888-203-1112 or 719-457-0820 (International) and entering passcode 8004383.

Charts and tables relating to information to be provided during the call will be available on Hyperion Brookfield's website at www.hyperionbrookfield.com approximately one hour prior to the start of the conference call. Investors are encouraged to access the document in advance of the call.

The Funds use their web site as a channel of distribution of material company information. Financial and other material information regarding the Funds is routinely posted on and accessible at http://www.hyperionbrookfield.com/strategies/retail_funds.htm.

Hyperion Brookfield Asset Management, Inc. is 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 approximately $22 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 US$95 billion of assets under management. For more information, please visit our website at www.hyperionbrookfield.com.

Contacts: Hyperion Brookfield Asset Management, Inc. Investor Relations Department 1-800 HYPERION Website: www.hyperionbrookfield.com