Message #8 From:
NewsBot Date: January 5, 2007 01:13:00 PM
HSM News The Hyperion(R) Strategic Mortgage Income Fund, Inc. Dividend Declaration, January 5, 2007
NEW YORK--(BUSINESS WIRE)--On December 15, 2006, 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 $13.61 on January 4, 2007, the Fund’s
yield was 7.94%. Based on the net asset value per share of $13.99 on
January 4, 2007, the yield of the Trust was 7.72%. As of December 31,
2006, the portfolio’s average duration, as
measured on a net assets basis, was 4.2 years; the average duration of
total assets was 2.5 years; and leverage equaled 31.6%. Seventy
Sixpercent 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
November 30, 2006, Hyperion Capital managed $20.5 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
