2008-09-11 23:56:01 -

- The Rivus Bond Fund (NYSE:BDF) (the "Fund") declared a dividend of $0.2875 on September 10, 2008, payable on October 30, 2008, to shareholders of record at the close of business on October 3, 2008, with a Net Asset Value and New York Stock Exchange ex-dividend date of October 1, 2008 and a Comparison date of October 24, 2008.

The dividend of $0.2875 per share would indicate an annual dividend rate for the last four quarters of $1.15 per share and an annual dividend rate of $1.15 per share prospectively.

The Fund is a closed-end, diversified management investment company whose primary investment objective is to seek a high rate of return, primarily from interest income and trading activity,

from a portfolio principally consisting of debt securities. The Fund is managed by MBIA Capital Management Corp.

Declaration Date: September 10, 2008

Rivus Bond Fund
Richard Walz, 914-273-4545