Managed High Yield Plus Fund Inc. – Dividend Declaration and Updated Price and Yield Information
09 August 2011 - 7:05AM
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 $0.0175 per share. The amount of this dividend
more closely reflects the current earnings for the Fund.
Previously, the Fund had been paying a monthly dividend of $0.0200
per share.
The dividend is payable on August 31, 2011 to shareholders of
record as of August 18, 2011. The ex-dividend date is August 16,
2011. 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 July 29,
2011*
Net Asset Value per share
$ 2.21 Market Price per share $
2.26 NAV Yield 9.50 % Market Yield
9.29 %
*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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