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RMK Strategic Income Fund Annual Meeting of Stockholders

MEMPHIS, Tenn. — July 13, 2007 — At the Annual Meeting of Stockholders of RMK Strategic Income Fund, Inc. (NYSE: RSF) held on Friday, July 13, 2007, stockholders elected James Stillman R. McFadden and J. Kenneth Alderman to serve as Class I Directors of the Fund until the next annual meeting of stockholders in 2010, or until their successors are elected and qualified.

RMK Strategic 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 here and here.


For Additional Information:
Additional information about RMK Strategic 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.

Contact:
Morgan Asset Management
Courtney Nash
901-374-7810,  or
Morgan Keegan Media Relations
Eric Bran
901-524-4114
eric.bran@morgankeegan.com