Dividend Declaration and Portfolio Statistics
UBS Global Asset Management
New York October 09, 2006 -- Managed High Yield Plus Fund Inc. (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 amount of the dividend more closely reflects the current earnings of the Fund. Previously, the Fund had been paying a monthly dividend from net investment income of $0.0450 per share. The dividend is payable on October 31, 2006 to shareholders of record as of October 19, 2006. The ex-dividend date is October 17, 2006. 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, 2006(1)
Portfolio statistics as of September 30, 2006(1)
Top ten holdings, including coupon and maturity Percentage of total
portfolio assets
------------------------------------------------ --------------------
Levi Strauss & Co., 12.250% 12/15/12 1.9%
Wheeling Island Gaming, 10.125% 12/15/09 1.6
Sungard Data Systems, 10.250% 08/15/15 1.5
American Cellular Corp, 10.000% 08/01/11 1.5
Mission Energy Holding Co., 13.500% 07/15/08 1.4
Bluewater Finance Ltd., 10.250% 02/15/12 1.4
Sheridan Acquisition Corp, 10.250% 08/15/11 1.3
Insight Midwest, 10.500% 11/01/10 1.3
Omnova Solutions, Inc., 11.250% 06/01/10 1.3
Sbarro Inc., 11.000% 06/01/10 1.3
------------------------------------------------ --------------------
Total 14.5%
Yields(2)
------------------------------------------------ --------------------
NAV yield 10.0%
Market yield 9.1%
Top five sectors
------------------------------------------------ --------------------
Gaming 8.7%
Chemicals 8.5
Printing & Publishing 6.6
Telecommunications 6.5
Non-Food & Drug Retailers 5.7
------------------------------------------------ --------------------
Total 36.0%
Credit quality(3)
------------------------------------------------ --------------------
Ba/BB and higher 6.1
B/B 70.3
Caa/CCC and lower 21.9
Not rated 0.7
Equity/preferred 0.1
Cash and cash equivalents 0.9
------------------------------------------------ --------------------
Total 100.0%
Other characteristics
------------------------------------------------ --------------------
Net asset value(2) $4.79
Market price(2) $5.30
Weighted average maturity 5.7 yrs
Weighted average duration 2.9 yrs
Weighted average coupon 10.3%
Estimated accumulated undistributed $217 thousand
net investment income
Leverage(4) 31.9%
(1) The Fund is actively managed, and its portfolio composition will vary over time. (2) 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. (3) Credit quality ratings reflect the middle rating from three major rating agencies, S&P, Moody's and Fitch. Standard & Poor's ("S&P") is a division of The McGraw-Hill Companies, Inc. (4) As a percentage of gross assets. Leverage may vary.
View more information on UBS Global Asset Management or other Closed-End Funds. |
©1999-2008 Closed-End Fund Association, Inc. All Rights Reserved
 | | Powered by a SySys® data & content management system. Click here to learn more. |
|
|