Managed High Yield Plus Fund Inc. – Reports Earnings
July 30 2012 - 4:05PM
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 fourth quarter and fiscal
year ended May 31, 2012.
For the fourth quarter ended May 31, 2012, the Fund's earnings
from net investment income were $2,883,770 equal to $0.05 per
share. Total net realized and unrealized losses from investment
activities were $(2,707,882), equal to $(0.04) per share, for the
same period. This compares to earnings from net investment income
of $3,326,578 equal to $0.05 per share, and total net realized and
unrealized losses from investment activities of $(309,455) equal to
$(0.01) per share, for the fourth quarter ended May 31, 2011.
For the fiscal year ended May 31, 2012, the Fund's earnings from
net investment income were $12,283,092, equal to $0.20 per share.
Total net realized and unrealized losses from investment activities
were $(8,179,308), equal to $(0.13) per share, for the same period.
This compares to earnings from net investment income of $14,152,769
equal to $0.23 per share, and total net realized and unrealized
gains from investment activities of $11,906,851 equal to $0.19 per
share, for the fiscal year ended May 31, 2011.
On May 31, 2012, net assets of the Fund were $131,153,845. The
net asset value per share was $2.11, based on 62,124,393 shares
outstanding, which represents a decrease of 6.22% from the net
asset value per share of $2.25 ($139,530,171 applicable to
61,887,292 shares outstanding) on May 31, 2011.
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