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Helios Funds' Monthly Dividend Declaration

NEW YORK, NEW YORK -- (Marketwired) -- 01/03/14 -- Helios Advantage Income Fund, Inc. (NYSE: HAV), Helios High Income Fund, Inc. (NYSE: HIH), Helios High Yield Fund (NYSE: HHY), Helios Multi-Sector High Income Fund, Inc. (NYSE: HMH) and Helios Strategic Income Fund, Inc. (NYSE: HSA) (each, a "Fund," and collectively, the "Funds") today announced that their Boards of Directors/Trustees declared their monthly dividends.

Helios Advantage Income Fund, Inc. declared a monthly dividend of $0.0725 per share, payable on January 30, 2014 to stockholders of record on January 16, 2014. The ex-dividend date is January 14, 2014. Based on the NYSE closing price of $9.06 on January 2, 2014, the Fund's annualized distribution yield was 9.60%.

Helios High Income Fund, Inc. declared a monthly dividend of $0.065 per share, payable on January 30, 2014 to stockholders of record on January 16, 2014. The ex-dividend date is January 14, 2014. Based on the NYSE closing price of $8.23 on January 2, 2014, the Fund's annualized distribution yield was 9.48%.

Helios High Yield Fund declared a monthly dividend of $0.075 per share, payable on January 30, 2014 to stockholders of record on January 16, 2014. The ex-dividend date is January 14, 2014. Based on the NYSE closing price of $9.68 on January 2, 2014, the Fund's annualized distribution yield was 9.30%.

Helios Multi-Sector High Income Fund, Inc. declared a monthly dividend of $0.0525 per share, payable on January 30, 2014 to stockholders of record on January 16, 2014. The ex-dividend date is January 14, 2014. Based on the NYSE closing price of $6.02 on January 2, 2014, the Fund's annualized distribution yield was 10.47%.

Helios Strategic Income Fund, Inc. declared a monthly dividend of $0.05 per share, payable on January 30, 2014 to stockholders of record on January 16, 2014. The ex-dividend date is January 14, 2014. Based on the NYSE closing price of $6.62 on January 2, 2014, the Fund's annualized distribution yield was 9.06%.

Shares purchased on or after the ex-dividend date will not receive the dividend discussed above. Please contact your financial advisor with any questions. Dividends may include net investment income, capital gains and/or return of capital. The distribution yield referenced above is calculated as the annualized amount of the most recent monthly dividend declared divided by the stated stock price. Any portion of the Fund's distributions that is a return of capital does not necessarily reflect the Fund's investment performance and should not be confused with "yield" or "income." The tax status of distributions will be determined at the end of the taxable year.

Brookfield Asset Management Inc. is a global alternative asset manager with approximately $184 billion in assets under management as of September 30, 2013. Brookfield has over a 100-year history of owning and operating assets with a focus on property, renewable power, infrastructure and private equity. The company offers a range of public and private investment products and services, which leverage its expertise and experience and provide it with a competitive advantage in the markets where it operates. On behalf of its clients, Brookfield is also an active investor in the public securities markets, where its experience extends over 30 years. Over this time, the company has successfully developed several investment operations and built expertise in the management of institutional portfolios, retail mutual funds, and structured product investments.

Brookfield's public market activities are conducted by Brookfield Investment Management, a registered investment advisor. These activities complement Brookfield's core competencies and include global listed real estate and infrastructure equities, corporate high yield investments, opportunistic credit strategies and a dedicated insurance asset management division. Headquartered in New York, NY, Brookfield Investment Management maintains offices and investment teams in Toronto, Chicago, Boston and London and has over $10 billion of assets under management as of September 30, 2013. Helios Advantage Income Fund, Inc., Helios High Income Fund, Inc., Helios High Yield Fund, Helios Multi-Sector High Income Fund, Inc. and Helios Strategic Income Fund, Inc. are managed by Brookfield Investment Management.

The Funds use their web site as a channel of distribution of material company information. Financial and other material information regarding the Funds is routinely posted on and accessible at www.brookfieldim.com.

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