« Previous | Next » | All Messages |  HSM Message Board Home | recommend post |  Ignore Poster

HSM News The Hyperion(R) Strategic Mortgage Income Fund, Inc. Dividend Declaration November 3, 2006

NEW YORK--(BUSINESS WIRE)--The Board of Directors of the Hyperion Strategic Mortgage Income Fund, Inc. (the “Fund”) (NYSE: HSM) declared a monthly dividend of $0.090 per share, payable on November 30, 2006 to shareholders of record on November 14, 2006. The ex-dividend date is November 10, 2006. Based on the NYSE closing price of $13.45 on November 2, 2006, the Fund’s yield was 8.03%. Based on the net asset value per share of $14.10 on November 2, 2006, the yield of the Trust was 7.66%. As of October 31, 2006, the portfolio’s average duration, as measured on a net assets basis, was 4.7 years; the average duration of total assets was 2.9 years; and leverage equaled 30.4%. Ninety Three percent of interest rate risk due to leverage is hedged using interest rate swaps and floating rate securities that have a weighted average life of 4.9 years.

The Fund’s investment advisor, Hyperion Brookfield Asset Management, Inc. (“Hyperion Brookfield”), is a wholly owned subsidiary of Brookfield Asset Management, Inc. (“Brookfield”) (NYSE: BAM). Brookfield is an asset manager primarily focused on real estate, power, timber, fixed income and equity. Brookfield and its affiliates manage assets totaling over $50 billion for institutional and retail clients, as well as its own principal investments. As of September 30, 2006, Hyperion Capital managed $20.1 billion in fixed income client assets. Additional information on the Fund’s assets and performance is available by contacting Hyperion Brookfield Shareholder Services at the following: