The Rivus Bond Fund (NYSE:BDF) (the “Fund”) declared a dividend of $0.2875 on December 8, 2010, payable on January 18, 2011, to shareholders of record at the close of business on December 17, 2010, with a Net Asset Value and New York Stock Exchange ex-dividend date of December 15, 2010 and a comparison date of January 14, 2011.

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 Cutwater Investor Services Corp.

Declaration Date: December 8, 2010

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