Business & Finance
NEW YORK--([ BUSINESS WIRE ])--Managed High Yield Plus Fund Inc. (the "Fund") (NYSE: HYF), a closed-end management investment company, today announced that the Fundas Board of Directors has declared a dividend from net investment income of $0.0150 per share. The dividend is payable on September 28, 2012 to shareholders of record as of September 20, 2012. The ex-dividend date is September 18, 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 August 31, 2012* | ||
| Net Asset Value per share | $2.18 | |
| Market Price per share | $2.23 | |
| NAV Yield | 8.26% | |
| Market Yield | 8.07% | |
| * | Net asset value (NAV), market price and yields will fluctuate. NAV yield is calculated by multiplying the current monthas dividend by 12 and dividing by the month-end net asset value. Market yield is calculated by multiplying the current monthas dividend by 12 and dividing by the month-end market price. |