MEMPHIS, Tenn. (November 10, 2006) – The Board of Directors of RMK Advantage Income Fund, Inc. (NYSE: RMA) today declared three monthly dividends of $0.14 per share, a $0.01 per share decrease from the dividend rate paid in recent months due primarily to the increased cost associated with the leverage employed by the fund.
Monthly dividends will be payable on December 18, 2006, January 17, 2007 and February 20, 2007 to stockholders of record on December 8, January 8 and February 9, respectively. Ex-dividend dates are December 6, January 4 and February 7.
RMK Advantage 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, 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 $16 billion for institutions and high net worth individuals. Additional information about Morgan Asset Management, Morgan Keegan and Regions – a member of both the Forbes and Fortune 500 and one of the nation's Top 10 financial services providers – can be found at www.morgankeegan.com and www.regions.com.
For Additional Information:
Additional information about RMK Advantage 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 1-800-564-2188.
Media Contact:
Morgan Keegan & Company, Inc.
Eric Bran
eric.bran@morgankeegan.com
