The Hyperion(R) Total Return Fund, Inc. Dividend Declaration, February 2, 2007.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- The Board of Directors of the Hyperion Total Return Fund, Inc. (the "Fund") (NYSE NYSE See: New York Stock Exchange : HTR HTR Heater HTR High Temperature Reactor HTR Hard-To-Reach HTR Hunter: the Reckoning (White-Wolf game) HTR Hemolytic Transfusion Reaction (blood transfusion) HTR Hellenic Technology of Robotics ) has declared a monthly dividend of $0.060 per share, payable on February 22, 2007 to shareholders of record on February 13, 2007. The ex-dividend date Ex-dividend date The first day of trading when the buyer of a stock is no longer entitled to the most recently announced dividend payment ( i.e. the trade will settle the day after the record date, too late for the buyer to appear on the shareholder record and receive the dividend. is February 9, 2007. Based on the NYSE closing price of $9.27 on February 1, 2007, the yield of the Fund was 7.77% which was 2.93% higher than the yield of the 5-year U.S. Treasury Note. Based on the net asset value per share of $9.04 on February 1, 2006, the yield of the Fund was 7.96%. As of January 31, 2007, the Fund's average duration, as measured on a net assets basis, was 4.5 years; the average duration of total assets was 2.9 years; and leverage equaled 30.0%. Seventy Seven percent of interest rate risk due to leverage is hedged using interest rate swaps and floating rate securities that have a weighted average life of 3.7 yrs. [TABLE OMITTED] Credit Allocation as a Percentage of Total Assets U. S. Government / Agency and AAA Rated 44.2% AA Rated 1.9% A Rated 8.2% BBB Rated 18 3% Below Investment Grade 27.4% The Fund's investment advisor, Hyperion Brookfield Asset Management  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . , Inc. ("Hyperion Brookfield"), is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Brookfield Asset Management, Inc. ("Brookfield") (NYSE: BAM Bam (bäm), town (1996 pop. 70,100), Kerman prov., SE Iran, on the intermittent Bam River. Located on the western edge of the Dasht-e Lut, Bam is a trade center in a henna-growing region. Dates and other fruits are also grown; camels are raised. ). Brookfield is an asset manager primarily focused on property, power, infrastructure, fixed income and equity. Brookfield and its affiliates manage assets totaling over $50 billion for institutional and retail clients, as well as its own principal investments. As of December 31, 2006, Hyperion Capital managed $20.7 billion in fixed income client assets. Additional information on the Fund's assets and performance is available by contacting Hyperion Brookfield Shareholder Services at the following:
The Hyperion Total Return Fund, Inc.
Three World Financial Center 200 Vesey Street, 10th Floor
New York, NY 10281-1010
Telephone: 1-800 HYPERION
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