RMK Multi-Sector High Income Fund Announces Annual Meeting of Stockholders

  
    
  
  
    
      The Board of Directors of RMK Multi-Sector High Income Fund, Inc. (NYSE: 
      RHY) voted to hold the fund’s Annual Meeting 
      of Stockholders on Friday, July 13, 2007 at 11:00 a.m. Central Time. The 
      meeting will be held at Fifty North Front Street, 21st 
      Floor, Memphis, Tennessee 38103. Stockholders of record on April 30, 
      2007 will receive proxy materials to vote on the election of two Class I 
      Directors of the Fund.
    
    
      RMK Multi-Sector High 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 $33 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 Multi-Sector High 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.