Business & Finance
Tue, October 9, 2012 
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 October 31, 2012 to shareholders of record as of October 18, 2012. The ex-dividend date is October 16, 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.
| Portfolio statistics as of September 30, 20121 | ||||
| Top ten corporate bonds, including coupon and maturity | Percentage of total portfolio assets | |||
| SquareTwo Financial Corp., 11.625%, 4/1/2017 | 1.3% | |||
| Ryerson Inc., 12.000%, 11/1/2015 | 1.2% | |||
| INTL Lease Financial Corp., 7.125%, 9/1/2018 | 1.2% | |||
| NRG Energy Inc, 8.500%, 6/15/2019 | 1.2% | |||
| Ally Financial Inc. 8.000%, 3/15/2020 | 1.1% | |||
| Ford Motor Credit Co LLC, 12.000%, 5/15/2015 | 1.1% | |||
| Bank of America Corp., 5.650%, 5/1/2018 | 1.0% | |||
| MGM Resorts Intl, 10.000%, 11/1/2016 | 1.0% | |||
| Sunguard Data Systems Inc, 10.250%, 8/15/2015 | 0.9% | |||
| Nova Chemicals Corp., 8.625%, 11/1/2019 | 0.8% | |||
| Top five industries | Percentage of total portfolio assets | |||
| Energy - exploration & production | 7.7% | |||
| Telecom - integrated/services | 5.8% | |||
| Banking | 5.1% | |||
| Support services | 5.1% | |||
| Gaming | 4.9% | |||
| Credit quality2 | Percentage of total portfolio assets | |||
| Ba/BB and higher | 35.1% | |||
| B/B | 44.1% | |||
| Caa/CCC and lower | 17.3% | |||
| Cash equivalents | 2.6% | |||
| Not Rated | 0.9% | |||
| Total | 100.0% | |||
| Other characteristics | ||||
| Net asset value per share3 | $2.20 | |||
| Market price per share3 | $2.21 | |||
| Weighted average life | 4.62 yrs | |||
| Weighted average modified duration4 | 3.60 yrs | |||
| Weighted average coupon5 | 7.79% | |||
| Leverage6 | 26.96% | |||
| Yields3 | ||||
| NAV yield | 8.18% | |||
| Market yield | 8.14% |
1 The Fund is actively managed, and its portfolio composition will vary over time.
2 Credit quality ratings are from Moodyas, unless that rating is unavailable. If so, the default credit quality rating will be from Standard & Poor's; if that is unavailable, an internal rating from UBS Global AM will be used if assigned. Standard & Poor's ("S&P") is a division of The McGraw-Hill Companies, Inc.
3 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.
4 Modified duration is the change in the price of a security, expressed in years, expected in response to each 1% change in the yield to maturity of the portfolio's holdings.
5 Weighted by par.
6 As a percentage of adjusted net assets. Adjusted net assets equals total assets minus total liabilities, excluding liabilities for borrowed money.
