NEW YORK, NY—December 18, 2007— The Board of Directors of the Hyperion Brookfield Strategic Mortgage Income Fund, Inc. (the “Fund”) (NYSE: HSM) declared a monthly dividend of $0.090 per share, payable on January 28, 2008 to stockholders of record on December 24, 2007. The ex-dividend date is December 20, 2007. Based on the NYSE closing price of $9.69 on December 17, 2007, the Fund’s yield was 11.15%. Based on the net asset value per share of $11.12 on December 13, 2007, the Fund’s yield was 9.71%.
The Hyperion Brookfield Strategic Mortgage Income Fund, Inc. is managed by Hyperion Brookfield Asset Management, Inc, a registered investment advisor located in New York City. The firm was founded in 1989 to provide relative value driven fixed income investment strategies, such as core fixed income, high yield, and specialized MBS. Hyperion Brookfield manages in excess of $22 billion for a client base including pension funds, financial institutions, mutual funds, insurance companies, REITs and foundations. Hyperion Brookfield is a subsidiary of Brookfield Asset Management Inc, a global asset manager focused on property, power and other infrastructure assets with approximately US $90 billion of assets under management.
For more information, please contact:
The Hyperion Brookfield Strategic Mortgage Income Fund, Inc.
Three World Financial Center 200 Vesey Street, 10th Floor
New York, NY 10281-1010
1-800 HYPERION