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

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

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