Helios Strategic Mortgage Income Fund, Inc. Dividend Announcement
06 Octubre 2009 - 7:45AM
Marketwired
Helios Strategic Mortgage Income Fund, Inc. (the "Fund") (NYSE:
HSM) today announced that its Board of Directors (the "Board") has
suspended the $0.0725 monthly dividend for October and November
2009.
The Board has also declared the December 2009 dividend of
$0.0725 per share, payable on December 24, 2009 to stockholders of
record on December 16, 2009.
In addition, the Board declared a special dividend of $0.1450
per share, payable on December 24, 2009 to stockholders of record
on December 15, 2009.
When comparing the dividends paid to date for the current fiscal
year to the projected income earned for the current fiscal year,
the Fund's management determined that additional distributions in
October and November were likely to be deemed a return of capital.
Given the Fund's current investment opportunities and projected
earnings for the next fiscal year, the Board concurred with the
manager's recommendation to retain cash for investments rather than
to return the capital to the Fund's stockholders.
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.
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.brookfieldim.com.
Helios Strategic Mortgage Income Fund, Inc. is managed by
Brookfield Investment Management Inc., a registered investment
advisor with investment management expertise across core fixed
income, high yield, structured products (Commercial MBS,
Residential MBS and ABS) as well as global REITs and listed
infrastructure securities. Headquartered in New York, the firm has
approximately $20 billion of assets under management as of October
1, 2009. Brookfield Investment Management is a subsidiary of
Brookfield Asset Management Inc., a global asset manager focused on
property, power and other infrastructure assets with approximately
$80 billion of assets under management as of June 30, 2009.
Contacts: Helios Strategic Mortgage Income Fund, Inc. Three
World Financial Center 200 Vesey Street, 10th Floor New York, NY
10281-1010 (800) 497-3746
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