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Strategies & Market Trends : Bonds & Bond Funds -- Ignore unavailable to you. Want to Upgrade?

To: peter michaelson who wrote (105)	2/5/2009 2:50:22 AM
From: peter michaelson	Respond to of 161

Amazing how it's still hard to get a quote on some services even though the ticker symbols are a month old now. Seven Morgan Keegan funds change name, will bear Helios brand By David Flaum (Contact), Memphis Commercial Appeal Tuesday, December 30, 2008 Seven mutual funds once under the Regions Financial-Morgan Keegan banner have new names as of Monday. Six of the funds, managed by Hyperion Brookfield Asset Management since July, also gained new trading symbols. Each fund name now starts with Helios, Hyperion's brand name. "Nothing else has changed," said Marion Hayes, a spokeswoman for the New York investment firm that took over management of the funds from Morgan Keegan and Co., the Memphis-based brokerage firm owned by Regions Financial Corp. of Birmingham, Ala. "It's not right that for these funds to be named Regions Morgan Keegan funds when they're managed by us," Hayes said. That includes four closed-end funds, whose shares are traded on the New York Stock Exchange, and the three open-end funds -- investors buy and sell shares directly from and to the fund. The management change developed after sharp drops in the value of shares in the funds, much of the action related to investments in subprime mortgage securities. Hyperion managers still have an issue to resolve with the Helios Multi-Sector High Income Fund. Because its price traded at an average of less than $1 a share for 30 days, NYSE officials are threatening to de-list fund shares. Fund shares ended normal trading hours at 57 cents. Hyperion board members have not set a plan to keep that from happening, Hayes said. They have until April to decide what to do, she said. David Flaum, 529-2330. Hyperion-managed funds trading symbols Former RMK funds Helios Advantage Income Fund: From RMA to HAV Helios High Income Fund: From RMH to HIH Helios Multi-Sector High Income Fund: From RHY to HMH Helios Strategic Income Fund: From RSF to HSA Former Regions-Morgan Keegan Select funds Helios Select High Income Fund: From MKHIX to HIFAX Helios Select Intermediate Income Fund: From MKIBX to HSIBX Helios Select Short Term Bond Fund: MSBIX, no change