RMK Multi-Sector High Income Fund Inc. (RHY) said that the NYSE has notified that it is not in compliance with the NYSE's continued listing standard related to maintaining a consecutive thirty day average closing stock price of over $1.00 per share.
Under NYSE rules, the Fund has six months from the date of the NYSE notice to cure the average price deficiency, during which time the Fund's shares of common stock will continue to be listed and traded on the NYSE.
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