If you invested in Morgan Keegan income funds (see list below), managed by Fund Manager Jim Kelsoe, you have suffered large losses.
These losses occurred because the funds had too much invested in risky collateralized mortgage, bond, sub prime and derivative securities which was not adequately disclosed.
RMK High Income Fund (RMH)
RMK Multi-Sector High Income Fund (RHY)
RMK Advantage Income Fund (RMA)
RMK Strategic Income Fund (RSF)
Regions MK Select High Income -C (RHICX)
Regions MK Select High Income – A (MKHIX)
Regions MK Select High Income – I (RHIIX)
Regions MK Select Intermediate Bond Fund -C (RIBCX)
Regions MK Select Intermediate Bond Fund- A (MKIBX)
Regions MK Select Intermediate Bond Fund-I (RIBIX)
