Dividend Declaration and Updated Price & Yield Information
UBS Global Asset Management
New York, December 11, 2006 -- Managed High Yield Plus Fund Inc. (the "Fund") (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 $0.0400 per share. The dividend is payable on December 29, 2006 to shareholders of record as of December 21, 2006. The ex-dividend date is December 19, 2006. 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 November 30, 2006: *
Net Asset Value $4.80
Market Price $5.01
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NAV Yield 10.00%
Market Yield 9.58%
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* 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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