Hatteras Income Securities, Inc. Dividend Declaration.

Business Editors

CHARLOTTE, N.C.--(BUSINESS WIRE)--June 7, 2002

The Board of Directors of Hatteras Income Securities, Inc. (NYSE: HAT) declared a dividend of $0.080 per share for the month of June 2002.

The dividend is payable on June 28, 2002 to shareholders of record on June 17, 2002. The current yield based on the NYSE closing price of $14.25 per share on May 31, 2002 is 6.74%.

Hatteras Income Securities, Inc. is a publicly traded closed-end investment company, managed by Banc of America Advisors, LLC. The company's primary investment objective is to seek as high a level of current income as is consistent with prudent investment risk, through investment in a diversified portfolio of marketable debt securities. Capital appreciation is a secondary objective.

To obtain additional information, including a prospectus, please contact a representative at [phone].