NEW YORK, NEW YORK--(MARKET WIRE)--Jul 3, 2008 -- The Board of Directors of the Hyperion Brookfield Total Return Fund, Inc. (the "Fund") (NYSE:HTR - News) declared a monthly dividend of $0.065 per share, payable on July 24, 2008 to stockholders of record on July 15, 2008. The ex-dividend date is July 11, 2008. Based on the NYSE closing price of $6.27 on July 2, 2008, the Fund's yield was 12.44%. Based on the net asset value per share of $6.55 on June 30, 2008, the Fund's yield was 11.91%. As of June 30, 2008, the Fund's average duration, as measured on a net asset basis, was 3.6 years.

 

                  Portfolio of Investments as of June 30, 2008
               Sector Allocation as a Percentage of Total Assets

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Non-Agency Residential Mortgage-Backed Securities ("MBS")            12.6%
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Commercial MBS                                                       24.1%
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Agency MBS Pass-throughs                                             38.4%
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Asset-Backed Securities                                              10.8%
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U.S. Treasury Securities                                              4.1%
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Corporates                                                            9.6%
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Other                                                                 0.4%
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           Credit Allocation as a Percentage of Total Assets

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U.S. Government / Agency and AAA Rated                               53.9%
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AA Rated                                                              5.1%
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A Rated                                                               3.6%
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BBB Rated                                                            17.2%
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Below Investment Grade                                               20.2%
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The Hyperion Brookfield Total Return Fund, Inc. is managed by Hyperion Brookfield Asset Management, Inc, a registered investment advisor located in New York City. The firm was founded in 1989 to provide relative value driven fixed income investment strategies, such as core fixed income, high yield, and specialized MBS. Hyperion Brookfield manages in excess of $22 billion for a client base including pension funds, financial institutions, mutual funds, insurance companies, REITs and foundations. Hyperion Brookfield is a subsidiary of Brookfield Asset Management Inc, a global asset manager focused on property, power and other infrastructure assets with approximately US$95 billion of assets under management.

     Contacts:
     The Hyperion Brookfield Total Return Fund, Inc.
     Three World Financial Center
     200 Vesey Street, 10th Floor
     New York, NY 10281-1010
     1-800 HYPERION