Message #7 From:
NewsBot Date: December 15, 2006 01:02:00 PM
HSM News The Hyperion(R) Strategic Mortgage Income Fund, Inc. Dividend Declaration, December 15, 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 January 26, 2007 to shareholders of record on December 27, 2006.
The ex-dividend date is December 22, 2006. Based on the NYSE closing
price of $13.78 on December 14, 2006, the Fund’s
yield was 7.84%. Based on the net asset value per share of $14.04 on
December 14, 2006, the yield of the Trust was 7.69%. 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
