RMK Multi-Sector High Income Fund, Inc. Monthly Dividend Declaration
03 Oktober 2008 - 10:10PM
Marketwired
RMK Multi-Sector High Income Fund, Inc. (the "Fund") (NYSE: RHY)
today announced that its Board of Directors declared a monthly
dividend of $0.010 per share, payable on October 30, 2008 to
stockholders of record on October 14, 2008. The ex-dividend date is
October 9, 2008. Based on the NYSE closing price of $0.70 on
October 2, 2008, the Fund's annualized dividend yield is 17.14%.
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 September 30, 2008
Sector Allocation as a Percentage of Total Assets
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Asset-Backed Securities ("ABS") 14%
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Collateralized Debt Obligations ("CDOs") 16%
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High Yield Corporates 58%
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Equities 3%
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Cash 9%
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Credit Allocation as a Percentage of Total Assets
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A and Above 12%
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BBB 1%
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BB 24%
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B 31%
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CCC 6%
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Unrated 17%
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Cash 9%
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RMK Multi-Sector High 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 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: RMK Multi-Sector High Income Fund, Inc. Three World
Financial Center 200 Vesey Street, 10th Floor New York, NY,
10281-1010 1-800 HYPERION
Rmk MS HI Income (NYSE:RHY)
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