RHY Rmk MS HI Income Fd

Hyperion Brookfield Asset Management, Inc. ("Hyperion Brookfield" or the "Company") has declared a dividend schedule for the following closed-end funds listed below:

- 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)
  (collectively, the "Closed-End Funds")

The next dividend declaration is scheduled for September 4, 2008. Thereafter, the Closed-End Funds expect to declare dividends on a monthly basis on the first Friday of each month, with payment scheduled for the last week of the month.

About Hyperion Brookfield

Hyperion Brookfield 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.

Forward-Looking Information

This news release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements that are based on various assumptions (some of which are beyond our control) may be identified by reference to a future period or periods or by the use of forward-looking terminology, such as "may," "will," "believe," "expect," "anticipate," "continue," "should," "intend," or similar terms or variations on those terms or the negative of those terms. Although we believe that the expectations contained in any forward-looking statement are based on reasonable assumptions, we can give no assurance that our expectations will be attained. We do not undertake, and specifically disclaim any obligation, to publicly release any update or supplement to any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements.

For more information on the Funds, please visit our website at www.hyperionbrookfield.com, where stockholders also can access a document that discusses some frequently asked questions.

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