Helios Total Return Fund, Inc. Announces Terms of Rights Offering

Helios Total Return Fund

today announced that its Board of Directors approved the terms of a transferable rights offering which would allow the Fund's record date common shareholders to purchase additional shares of common stock. The Board of Directors, based on the recommendations and presentations of Brookfield Investment Management Inc., the Fund's investment adviser (the "Adviser"), has determined that it is in the best interest of the Fund and its shareholders to increase the assets of the Fund available for investment and thereby to conduct the rights offering. The Adviser believes that now may be an opportune time to seek to take advantage of attractive investment opportunities and to further diversify the Fund's portfolio in mortgage-related securities, which may enable the Fund to potentially enhance yield and capture net asset value ("NAV") appreciation potential. Additionally, the rights offering seeks to provide existing shareholders the opportunity to acquire additional shares at a discount to the Fund's market price. The record date of the rights offering is September 20, 2012. The rights offering is expected to expire on October 19, 2012, unless otherwise extended by the Fund (the