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Helios Strategic Income Fund, I Message Board

  • opticaofoz opticaofoz Oct 13, 2007 12:06 AM Flag

    Awesome Yield of nearly 20%

    This fund is mangaged by Morgan Keegan for Regions Bank...At these prices its a solid addition to the portfolio...IMO

    Oz

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    • Is this the same as the stock listed under RSF which was about 61 cents a share a week ago?

    • Do you still have an awesome yield of nearly 20%. Over the past year this fund has dropped in value in excess of 70%. I personally think that Morgan Keegan sucks as bond managers of a bond fund and were like most of the other big firms that dealt in mortgage backed bonds-they didn't have a clue of the dangers in these mortgage backed bonds. They were far too busy charging big fees to investors to worry about the crap they were selling.

    • RSF selling at less then $5.00 a share is a outright , outstanding Bargin.
      Wit over $300 Million in assets, and only 27 Million shares outstanding, plus paying out a great Dividend of 24% at .10 cents a share till march of 2008, you can't beat this Fund. IMO do your own DD and see for yourself.
      RMK Strategic Income Fund Declares $0.10 Per Share Distribution
      MEMPHIS, Tenn., Nov 15, 2007 (BUSINESS WIRE) -- The Board of Directors of RMK Strategic Income Fund, Inc. (NYSE: RSF) today declared three monthly distributions of $0.10 per share. Monthly distributions will be payable on December 18, 2007, January 18, 2008 and February 20, 2008 to stockholders of record on December 11, January 11 and February 13, respectively. Ex-dividend dates are December 7, January 9 and February 11.
      RMK Strategic Income Fund, Inc. is a diversified, closed-end investment company seeking a high level of current income with capital appreciation as a secondary investment objective.

      About Morgan Asset Management:

      Morgan Asset Management, Inc. is the investment advisory arm of Regions Financial Corporation (NYSE: RF). Morgan Asset Management is the investment advisor to Regions Morgan Keegan Trust, Regions Morgan Keegan Select Funds, Morgan Keegan Select Fund, Inc., RMK Advantage Income Fund, Inc., RMK High Income Fund, Inc., RMK Multi-Sector High Income Fund, Inc. and RMK Strategic Income Fund, Inc. With locations throughout the South, Morgan Asset Management, an affiliate of Morgan Keegan & Co. Inc., manages more than $32 billion for institutions and high net worth individuals. Additional information about Morgan Asset Management, Morgan Keegan and Regions--a member of the S&P 100 Index--can be found at www.morgankeegan.com and www.regions.com.

      For Additional Information:

      Additional information about RMK Strategic Income Fund, Inc., including the fund's annual and semi-annual reports to stockholders, prospectus and statement of additional information, may be obtained by visiting the fund's website at www.rmkfunds.com or by calling 800-564-2188 SOURCE: Morgan Keegan

      CONTACT: Morgan Keegan Media Relations
      Kathy Ridley, 901-529-5449
      Kathy.ridley@morgankeegan.com
      or
      Eric Bran, 901-524-4114
      Eric.bran@morgankeegan.com

    • I agree; however, if the principal drops faster than the dividend, the investment could vanish. With this monthly payer, I have my dividends reinvesting to lower my cost basis in hopes of the value increasing.

 
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