Message #6 From:
NewsBot Date: December 1, 2006 02:24:00 PM
HSM News The Hyperion(R) Strategic Mortgage Income Fund, Inc. Dividend Declaration, December 1, 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
December 28, 2006 to shareholders of record on December 12, 2006. The
ex-dividend date is December 8, 2006. Based on the NYSE closing price of
$14.08 on November 30, 2006, the Fund’s yield
was 7.67%. Based on the net asset value per share of $14.15 on November
30, 2006, the yield of the Trust was 7.63%. As of November 30, 2006, the
portfolio’s average duration, as measured on a
net assets basis, was 4.5 years; the average duration of total assets
was 2.8 years; and leverage equaled 28.3%. Eighty Sevenpercent
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
property, power, infrastructure, 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
October 31, 2006, Hyperion Capital managed $20.2 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:
The Hyperion Strategic Mortgage Income Fund, Inc.
Three World Financial Center 200 Vesey Street, 10th Floor
New York, NY 10281-1010
Telephone: 1-800 HYPERION
