This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Managed High Yield Plus Fund Inc. – Dividend Declaration And Fund Statistics

Stocks in this article: HYF

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 $0.0150 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, 2012 1
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 quality 2       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 share 3 $2.20
Market price per share 3 $2.21
Weighted average life 4.62 yrs
Weighted average modified duration 4 3.60 yrs
Weighted average coupon 5 7.79%
Leverage 6 26.96%
Yields 3        
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 Moody’s, 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 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. 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.

Copyright Business Wire 2010

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,687.28 +330.41 1.90%
S&P 500 2,051.04 +38.15 1.90%
NASDAQ 4,732.5130 +88.2010 1.90%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs