Managed High Yield Plus Fund Inc. –Dividend declaration and updated price and yield information
March 12 2012 - 4:05PM
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 $0.0156 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 $0.0175
per share. The dividend is payable on March 30, 2012 to
shareholders of record as of March 22, 2012. The ex-dividend date
is March 20, 2012.
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 29, 2012*
Net Asset Value per share $2.16 Market Price
per share $2.25 NAV Yield 8.67% Market Yield 8.32%
* 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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