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Managed High Yield Plus Fund Inc. –Dividend Declaration And Portfolio 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 July 31, 2013 to shareholders of record as of July 25, 2013. The ex-dividend date is July 23, 2013.

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 June 30, 2013 1  
 
Top ten corporate bonds,

including coupon and maturity

Percentage of total portfolio assets
SquareTwo Financial Corp., 11.625%, 04/01/2017 1.4%
Ally Financial, Inc. 8.000%, 03/15/2020 1.2%
NRG Energy, Inc. 8.500%, 06/15/2019 1.1%
International Lease Finance Corp., 7.125%, 09/01/2018 1.1%
DISH DBS Corp., 7.875%, 09/01/2019 1.0%
Sabine Pass Liquefaction LLC, 5.625%, 02/01/2021 1.0%
MGM Resorts International, 10.000%, 11/01/2016 0.9%
CIT Group INC. 5.500%, 02/15/2019 0.9%
Intelsat Jackson Holding SA, 7.250%, 10/15/2020 0.8%
Nova Chemicals Corp., 8.625%, 11/01/2019 0.8%
Top five industries  

Percentage of total portfolio assets

Energy - exploration & production 8.3%
Telecom - integrated/services 5.3%
Media – cable 5.1%
Support services 4.5%
Gaming 4.3%
 
Credit quality 2 Percentage of total portfolio assets
Ba/BB and higher 36.2%
B/B 44.0%
Caa/CCC and lower 14.7%
Cash equivalents 4.5%
Not Rated 0.6%
Total 100.0%
 
Other characteristics  
Net asset value per share 3 $2.17
Market price per share 3 $2.00
Weighted average life

5.22yrs

Weighted average modified duration 4

4.13yrs

Weighted average coupon 5 7.15%
Leverage 6 30.75%
Yields 3  
NAV yield 8.29%
Market yield 9.00%

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.



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