Dividend Declaration and Updated Price & Yield Information
UBS Global Asset Management
New York, May 14, 2007 -- 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 May 31, 2007 to shareholders of record as of May 24, 2007. The ex-dividend date is May 22, 2007. 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 April 30, 2007:*
Net Asset Value $4.91
Market Price $5.17
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NAV Yield 9.78%
Market Yield 9.28%
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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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