Aug. 6, 2010, 4:15 p.m. EDT
NEW YORK, NEW YORK, Aug 06, 2010 (MARKETWIRE via COMTEX) -- Helios High Yield Fund (the "Fund") /quotes/comstock/13*!hhy/quotes/nls/hhy (HHY 9.00, +0.03, +0.33%) today announced that its Board of Trustees raised the monthly dividend to $0.065 from $0.060 per share, payable on August 26, 2010 to stockholders of record on August 20, 2010. Based on the NYSE closing price of $8.97 on August 5, 2010, the Fund's annualized dividend yield is 8.70%.
Dividends may include net investment income, capital gains and/or return of capital. The dividend yield referenced above is calculated as the annualized amount of the most recent monthly dividend declared divided by the stated stock price.
Based on the Fund's monthly income and the recent addition of leverage, the Board of Trustees, at the advice of the portfolio management team, raised the dividend as it better reflects the current earnings of the Fund.
The Fund uses its web site as a channel of distribution of material company information. Financial and other material information regarding the Fund is routinely posted on and accessible at www.brookfieldim.com.
Helios High Yield Fund is managed by Brookfield Investment Management Inc., an SEC-registered investment advisor specializing in core fixed income, high yield, structured products (Commercial MBS, Residential MBS and ABS) as well as global REITs and listed infrastructure securities. Headquartered in New York, the firm had approximately $23 billion of assets under management(i) as of June 30, 2010. Brookfield Investment Management Inc. is a subsidiary of Brookfield Asset Management Inc., a global asset manager focused on property, power and other infrastructure assets with approximately $100 billion of assets under management as of June 30, 2010.
(i) Includes assets managed through AMP Capital Brookfield Pty Limited.
Contacts:
Helios High Yield Fund
Three World Financial Center
200 Vesey Street, 10th Floor
New York, NY 10281-1010
(800) 497-3746
funds@brookfield.com
From MarketWatch published on Aug. 6, 2010, 4:15 p.m. EDT
