N※N

Managed High Yield Plus Fund Inc."Dividend Declaration and Updated Price & Yield Information

  //business-finance.news-articles.net/content/200 .. aration-and-updated-price-yield-information.html
  Published in Business and Finance on Monday, February 9th 2009 at 13:58 GMT, Last Modified on 2009-02-09 13:59:04 by Market Wire
          ^{🞛 This publication is a summary or evaluation of another publication}

NEW YORK--([ 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 $0.0225 per share. The dividend is payable on February 27, 2009 to shareholders of record as of February 19, 2009. The ex-dividend date is February 17, 2009. 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 January 31, 2009:*

* 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.