Frequently Asked Questions

  1. How do I know if I am a Class Member?

  2. What do I need to do to recover from the Settlement?

  3. What are acceptable forms of supporting documentation for my claim?



1. How do I know if I am a Class Member?

If you purchased or otherwise acquired the publicly traded shares of:

  1. RMK High Income Fund, Inc. (“RMH”) between June 24, 2003 and July 14, 2009, inclusive;
  2. RMK Strategic Income Fund, Inc. (“RSF”) between March 18, 2004 and July 14, 2009, inclusive;
  3. RMK Advantage Income Fund, Inc. (“RMA”) between November 8, 2004 and July 14, 2009, inclusive; and
  4. RMK Multi-Sector High Income Fund, Inc. (“RHY”) between January 19, 2006 and July 14, 2009, inclusive, or pursuant or traceable to the Registration Statement, Prospectus, and Statement of Additional Information filed by RHY on or about January 19, 2006 with the SEC --including through trusts and custodial accounts for which Regions Bank is or was a trustee or a directed trustee, custodian, agent, or other fiduciary (which includes, but is not limited to, all trusts and custodial accounts subject to the representation of C. Fred Daniels, Court-appointed Trustee ad Litem (the “TAL”)) -- you may be entitled to a payment from a class action settlement unless otherwise excluded as explained in the definition of the Class contained in the Notice.

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2. What do I need to do to recover from the Settlement?

The deadline for filing a Proof of Claim form was May 20, 2013. However, if you believe you are a Class Member, and you haven’t already done so, you may still complete and submit a Proof of Claim form, along with the necessary supporting documentation to the Claims Administrator. Please note: we cannot guarantee that any late submitted Proof of Claim forms will be considered by the Court.

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3. What are acceptable forms of supporting documentation for my claim?

Each section of the Proof of Claim form must be fully documented to be considered eligible. This includes all purchase transactions inside of the class period, all sales transactions, and those securities remaining unsold after the end of the Class Period.

Any documentation provided must include the claimant's name and address or account number. Appropriate documentation to support your claim includes:

  • Trade Confirmation - Trade confirmation slips showing the trade date, quantity, price per security and net amount of the transaction are acceptable forms of documentation to support class period purchases or sales.

  • Official monthly, quarterly or year-end broker statements - Monthly, quarterly or year-end statements provided by your broker listing your transactions are sufficient to prove purchase and sale transactions so long as the necessary information for that transaction is included, such as the trade date, quantity and price paid or received for each security, and the total amount paid or received for each transaction. These statements may also be used to support the quantity of securities held after the class period has ended. On your Proof of Claim form, these will be listed as Ending Holdings.

Please Note: The Claims Administrator, Class Counsel or the Court reserve the right to request additional information or documentation.

Spreadsheets, charts, tax forms, hand written information, and other documentation prepared by the claimant are not considered adequate supporting documentation.

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