NEW YORK, NEW YORK -- (Marketwire) -- 11/06/09 -- Helios Advantage Income Fund, Inc. (the "Fund") (NYSE: HAV) today announced that its Board of Directors declared a monthly dividend of $0.06 per share, payable on November 25, 2009 to stockholders of record on November 18, 2009. Based on the NYSE closing price of $6.40 on November 5, 2009, the Fund's annualized dividend yield is 11.25%.

Dividends may include net investment income, capital gains and/or return of capital. The dividend yield referenced above is calculated as the annualized amount of the most recent monthly dividend declared divided by the stated stock price.

        Portfolio of Investments as of October 31, 2009
       Sector Allocation as a Percentage of Total Assets

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High Yield Corporates                                             89%
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Investment Grade Corporates                                        6%
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Equities                                                           3%
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Cash                                                               2%
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       Credit Allocation as a Percentage of Total Assets(1)

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BBB                                                                6%
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BB                                                                41%
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B                                                                 34%
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CCC                                                               15%
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D                                                                  2%
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Cash                                                               2%
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(1) Credit allocation excludes equities.

The Fund uses its web site as a channel of distribution of material company information. Financial and other material information regarding the Fund is routinely posted on and accessible at www.brookfieldim.com.

Helios Advantage Income Fund, Inc. is managed by Brookfield Investment Management Inc., an SEC- registered investment advisor with investment management expertise across core fixed income, high yield, structured products (Commercial MBS, Residential MBS and ABS) as well as global REITs and listed infrastructure securities. Headquartered in New York, the firm has approximately $23 billion of assets under management as of October 1, 2009. Brookfield Investment Management is a subsidiary of Brookfield Asset Management Inc., a global asset manager focused on property, power and other infrastructure assets with approximately $80 billion of assets under management as of September 30, 2009.