Attention Morgan Keegan Bond Mutual Fund Investors, Sonn & Erez To File Arbitration Claims To Recover Losses

Fort Lauderdale, Florida - January 18, 2007

Sonn & Erez today announced that it has been hired to file claims against Morgan Keegan relating to the sales and management of its proprietary bond mutual funds. The Morgan Keegan Bond Funds have suffered enormous losses as a result of risky investments in Asset Backed Securities, such as Collateralized Mortgage Obligations (CMOs) and Collateralized Debt Obligations (CDOs). At the helm of the Morgan Keegan funds is James C. Kelsoe Jr., a money manager at Morgan Keegan's asset management unit, based in Birmingham, Ala. A longtime bull on mortgage securities, Mr. Kelsoe rode that wave and earned a reputation as a hotshot money manager. As of June 30, he also oversaw several Morgan Keegan bond funds, which included about $4.5 billion in assets. Mr. Kelsoe's risky foray into the CMO and CDO market has badly hurt several Morgan Keegan Bond Funds, including the Morgan Keegan Select High Income Fund, which lost about 60% of its value in 2007, ranking almost last against its peers, according to Morningstar.

Class Actions have been filed against Morgan Keegan and its affiliated companies,but Sonn & Erez has decided to accept cases against Morgan Keegan in securities arbitration rather than in class actions."We believe investors will fare better in arbitration than in a class action," said Jeff Sonn, Esq., of Sonn & Erez. In one Class Action case, the Complaint alleges that Funds and the defendants misrepresented or failed to disclose material facts relating to

The nature of the risk being assumed by an investment in the Funds
The illiquidity of certain securities in which the Funds invested
The extent to which the Funds' portfolios contained securities that were illiquid or exhibited the characteristics of illiquid securities so that they were highly vulnerable to suddenly becoming unsalable at the prices at which they were being carried on the Funds' records
The extent to which the Funds' portfolios were subject to fair value procedures
The extent to which the values of such securities, and, consequently, the net asset values of the Funds, were based on estimates of value and the uncertainty inherent in such estimated values
The concentration of investments in a single industry in excess of investment restrictions to which the Funds were subject

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The funds' losses are set forth below as of 12/31/2007:

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%

If you lost $50,000 or more in the Morgan Keegan Funds, please contact Jeffrey R. Sonn, Esq. or Jeff Erez, Esquire of Sonn & Erez, PLC, at 866-372-8311, to explore your legal options. You may also visit us on the web at www.sonnerez.com, Sonn & Erez is 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.

NYSE: RMH
NYSE: RHY
NYSE: RMA
NYSE: RSF

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