Managed High Yield Plus Fund Inc. – Reports Earnings
17 April 2012 - 7:05AM
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 ended
February 29, 2012.
For the third quarter ended February 29, 2012, the Fund's
earnings from net investment income were $3,102,049 equal to $0.05
per share. Total net realized and unrealized gains from investment
activities were $10,167,372, equal to $0.16 per share, for the same
period. This compares to earnings from net investment income of
$3,586,359, equal to $0.06 per share, and total net realized and
unrealized gains from investment activities of $5,778,583, equal to
$0.09 per share, for the third quarter ended February 28, 2011.
For the nine months ended February 29, 2012, the Fund's earnings
from net investment income were $9,399,322, equal to $0.15 per
share. Total net realized and unrealized loss from investment
activities were $(5,471,426), equal to $(0.09) per share, for the
same period. This compares to earnings from net investment income
of $10,826,191, equal to $0.18 per share, and total net realized
and unrealized gains from investment activities of $12,216,306,
equal to $0.20 per share, for the nine months ended February 28,
2011.
On February 29, 2012, net assets of the Fund were $133,844,089.
The net asset value per share was $2.16, based on 62,105,316 shares
outstanding, which represents a decrease of 4.85% from the net
asset value per share of $2.27 ($139,924,332 applicable to
61,757,872 shares outstanding) on February 28, 2011.
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