Managed High Yield Plus Fund Inc. Reports Earnings
Managed High Yield Plus Fund (NYSE:HYF)
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Today : Thursday 14 April 2011
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Managed High Yield Plus Fund Inc. (NYSE: HYF) (the “Fund”), a closed-end management investment company seeking high income, and secondarily, capital appreciation, primarily through investments in lower-rated, income-producing debt and related equity securities, today announced its performance for the third quarter and fiscal year-to-date ended February 28, 2011.
For the third quarter ended February 28, 2011, the Fund's earnings from net investment income were $3,586,359, equal to $0.06 per share. Total net realized and unrealized gains from investment activities were $5,778,583, equal to $0.09 per share, for the same period. This compares to earnings from net investment income of $3,843,729, equal to $0.06 per share, and total net realized and unrealized gains from investment activities of $2,630,953, equal to $0.04 per share, for the third quarter ended February 28, 2010.
For the nine months ended February 28, 2011, the Fund's earnings from net investment income were $10,826,191, equal to $0.18 per share. Total net realized and unrealized gains from investment activities were $12,216,306, equal to $0.20 per share, for the same period. This compares to earnings from net investment income of $11,459,197, equal to $0.19 per share, and total net realized and unrealized gains from investment activities of $23,417,762, equal to $0.38 per share, for the nine months ended February 28, 2010.
On February 28, 2011, net assets of the Fund were $139,924,332. The net asset value per share was $2.27, based on 61,757,872 shares outstanding, which represents an increase of 8.10% from the net asset value per share of $2.10 ($128,757,940 applicable to 61,344,332 shares outstanding) on February 28, 2010.
