Hyperion Brookfield Posts Shareholder Call Transcript and Frequently Asked Questions Summary to Website

  Hyperion Brookfield Asset Management, Inc. ("Hyperion Brookfield" or the "Company") today posted to its website a summary of frequently asked questions that the Company received following its shareholder call on September 4, 2008 and a transcript of the call. The information, which includes a clarification on management's comments regarding the methodology applied to Hyperion Brookfield's open-end funds to determine monthly distribution amounts, can be accessed by visiting the Company's website at www.hyperionbrookfield.com.

About Hyperion Brookfield

Hyperion Brookfield is a registered investment advisor located in New York City. The Company 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 approximately $22 billion for a client base including pension funds, financial institutions, mutual funds, insurance companies 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$95 billion of assets under management.

For more information on the Funds, please visit our website at www.hyperionbrookfield.com, where stockholders also can access a document that discusses some frequently asked questions.

Contacts: Hyperion Brookfield Asset Management, Inc. Investor Relations Department 1-800-HYPERION Website: www.hyperionbrookfield.com