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Hyperion 1999 Term Trust, Inc. Dividend Declaration February 10, 1995.

NEW YORK--(BUSINESS WIRE)--Feb. 10, 1995--The Board of Directors of the Hyperion 1999 Term Trust, Inc. (NYSE:HTT) today declared a monthly dividend of $0.04583 per share. The dividend is payable on February 27, 1995, to shareholders of record on February 22, 1995. This dividend represents a monthly return of 5.50% (an annualized rate) on the Trust's initial offering price of $10.00 per share. The current yield on shares of the Trust based on the NYSE closing price of $6.75 on February 9, 1995 was 8.15%, which is 67 basis points greater than the current yield on the 5-Year Treasury Note. The net asset (NAV) per share is currently $7.74.

The Hyperion 1999 Term Trust, Inc. is a diversified, closed-end management investment company. The Trust's investment objectives are to provide shareholders with a high level of current income consistent with investing in securities of the highest credit quality and to return at least $10.00 per share (the Trust's initial public offering price per share) to investors on or shortly before November 30, 1999. All securities in which the Trust invests will be either (i) issued or guaranteed by the U.S. Government or one of its agencies or instrumentalities or (ii) at the time of investment, rated in the highest rating category by a nationally recognized agency (e.g., AAA by Standard & Poor's Corporation or Aaa by Moody's Investors Service, Inc.).

The Trust is actively managed to take advantage of relative value opportunities in various sectors of the mortgage market. The Trust is currently managed with an average duration of 1 to 3 years. Currently, the average life of the securities in the portfolio is approximately 4 years.

 Portfolio Breakdown as of February 9, 1995
 As a percentage of investments
 Mortgage-Backed Securities 25.95%
 Collateralized Mortgage Obligations (CMOs) 33.42%
 Multi-Family CMOs 1.25%
 Municipal Securities 12.53%
 Asset-Backed Securities 5.89%
 Interest-Only Securities (IOs) 8.82%
 PAC IOs .92%
 Principal-Only Securities (POs) 6.38%
 PAC POs 2.39%
 Treasuries 2.45%


 The Trust's investment adviser is Hyperion Capital Management,
Inc., a registered investment adviser based in New York with
approximately $4 billion in assets under management. Additional
information on the Trust's assets and performance is available by
calling Hyperion Fund Marketing at (800) HYPERION or by calling
Prudential Mutual Fund Management, Inc. (212) 214-5572.




CONTACT: Prudential Mutual Fund Management, Inc.

212/214-5572
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Publication:Business Wire
Date:Feb 10, 1995
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