This Day On The Street
Continue to site
ADVERTISEMENT
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

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

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,689.86 -56.12 -0.32%
S&P 500 2,103.84 -4.79 -0.23%
NASDAQ 5,128.2810 -0.5040 -0.01%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs