Managed High Yield Plus Fund Inc. Reports Earnings
15 April 2009 - 6:09AM
Business Wire
Managed High Yield Plus Fund Inc. (NYSE: HYF) (�the Fund�), a
closed-end management investment company seeking high income, and
secondarily, capital appreciation, primarily through investments in
lower-rated, income-producing debt and related equity securities,
today announced its performance for the third quarter and fiscal
year-to-date ended February 28, 2009.
For the third quarter ended February 28, 2009, the Fund's
earnings from net investment income were $3,512,083, equal to $0.06
per share. Total net realized and unrealized losses from investment
activities were $(14,270,687), equal to $(0.23) per share, for the
same period. This compares to earnings from net investment income
of $7,583,602, equal to $0.12 per share, and total net realized and
unrealized losses from investment activities of $(35,654,875),
equal to $(0.58) per share, for the third quarter ended February
29, 2008.
For the nine months ended February 28, 2009, the Fund's earnings
from net investment income were $16,222,752, equal to $0.26 per
share. Total net realized and unrealized losses from investment
activities were $(143,461,357), equal to $(2.34) per share, for the
same period. This compares to earnings from net investment income
of $22,627,522, equal to $0.37 per share, and total net realized
and unrealized losses from investment activities of $(82,239,222),
equal to $(1.35) per share, for the nine months ended February 29,
2008.
On February 28, 2009, net assets of the Fund were $80,843,808.
The net asset value per share was $1.32, based on 61,308,650 shares
outstanding, which represents a decrease of 63.03% from the net
asset value per share of $3.57 ($218,350,488 applicable to
61,118,730 shares outstanding) on February 29, 2008.
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