Managed High Yield Plus Fund Inc.— Dividend Declaration and Updated Price & Yield Information
17 March 2009 - 7:09AM
Business Wire
Managed High Yield Plus Fund Inc. (the "Fund") (NYSE: HYF), a
closed-end management investment company, today announced that the
Fund�s Board of Directors has declared a dividend from net
investment income of $0.0180 per share. The amount of this dividend
more closely reflects the current earnings of the Fund. Previously,
the Fund had been paying a monthly dividend of $0.0225 per share.
The dividend is payable on March 31, 2009 to shareholders of record
as of March 26, 2009. The ex-dividend date is March 24, 2009.
Managed High Yield Plus Fund Inc. seeks high income and,
secondarily, capital appreciation, primarily through investments in
lower-rated, income producing debt and related equity
securities.
Characteristics as of February
27, 2009:*
� Net Asset Value $1.32 Market Price $1.11 � NAV Yield 16.36 %
Market Yield 19.46 %
* Net asset value (NAV), market price and yields will fluctuate.
NAV yield is calculated by multiplying the current month�s dividend
by 12 and dividing by the month-end net asset value. Market yield
is calculated by multiplying the current month�s dividend by 12 and
dividing by the month-end market price.
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