Lawsuit Filed Against Morgan Keegan and Regions Financial Corp

Klayman & Toskes Files Securities Arbitration Claim On Behalf
of Investor for Losses Sustained in Three Morgan Keegan Bond
Funds

BOCA RATON, Fla., May 28, 2008 (Lawfuel) — The Securities Law
Firm of Klayman & Toskes, P.A. (http://www.nasd-law.com) announced
today that it filed a lawsuit against Morgan Keegan and Regions
Financial Corp., with the Financial Industry Regulatory Authority’s
(“FINRA”) Office of Dispute Resolution. The lawsuit seeks to recover
losses sustained in two open-ended funds, RMK Select Intermediate Bond
Fund Class A (“MKIBX”) and Class C (“RIBCX”) and RMK Select High Income
Class C (“RHICX”), as well as one closed-end fund, RMK Multi-Sector
High Income Fund (“RHY Fund”). The Claim alleges that the Claimant lost
money in these Funds due to Morgan Keegan’s false and misleading
statements about the Funds’ risk tolerance and asset allocation, as
well as the lack of diversification. Further, the Claim alleges that
Morgan Keegan violated Rule 10b-5 of the Securities Exchange Act of
1934, as well as the applicable state securities act, as a result of
the firm’s misrepresentations and omissions in connection with its sale
of the securities to the Claimant.

Through the first five months of 2008, Klayman & Toskes has filed a
number of arbitration claims on behalf of aggrieved investors of the
Morgan Keegan Bond Funds, which seek the recovery of millions of
dollars. The lawsuits involve losses in the following Morgan Keegan
Bond Funds:

Ticker Bond Fund Y-T-D Return as of 12/31/07

RMH RMK High Income Fund -65.53%
RHY RMK Multi-Sector High Income Fund -65.09%
RMA RMK Advantage Income Fund -66.68%
RSF RMK Strategic Income Fund -66.92%
RHICX Regions MK Select High Income-C -59.95%
MKHIX Regions MK Select High Income-A -59.74%
RHIIX Regions MK Select High Income-I -59.64%
RIBCX Regions MK Select Intermediate Bond Fund-C -50.54%
MKIBX Regions MK Select Intermediate Bond Fund-A -50.30%
RIBIX Regions MK Select Intermediate Bond Fund-I -50.07%

Klayman & Toskes reminds investors of the benefits of filing an
individual arbitration claim, as opposed to participating in a class
action lawsuit. By participating in a class action lawsuit, an investor
will most likely recover only pennies on the dollar. However, if one
has experienced losses of $50,000 or more in the Morgan Keegan Bond
Funds, it may be more beneficial for them to file an individual
securities arbitration claim. In 2003, Klayman & Toskes conducted a
study of securities arbitration versus class action. The study
concluded that investors who file a securities arbitration claim may
obtain an overall higher rate of recovery as opposed to participating
in a class action lawsuit. To view the full results of the comparison,
please visit our web-site:
http://www.nasd-law.com/documents/classvr.pdf

If you lost $50,000 or more in the Morgan Keegan Bond Funds, please
contact Steven D. Toskes, Esquire or Jahan K. Manasseh, Esquire of
Klayman & Toskes, P.A., at 888-997-9956, to explore your legal options.
You may also visit us on the web at http://www.nasd-law.com. Klayman &
Toskes, an experienced and nationally recognized securities litigation
law firm, continues its representation of investors throughout the
world in securities arbitration and litigation matters against major
Wall Street brokerage firms.

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