Managed High Yield Plus Fund Inc. – Dividend Declaration and Updated Price and Yield Information
print
Managed High Yield Plus Fund (NYSE:HYF)
Intraday Stock Chart
Today : Tuesday 9 August 2011
Click Here for more Managed High Yield Plus Fund Charts.
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 $0.0175 per share. The amount of this dividend more closely reflects the current earnings for the Fund. Previously, the Fund had been paying a monthly dividend of $0.0200 per share.
The dividend is payable on August 31, 2011 to shareholders of record as of August 18, 2011. The ex-dividend date is August 16, 2011. 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.
Characteristics as of July 29, 2011*
Net Asset Value per share $ 2.21
Market Price per share $ 2.26
NAV Yield 9.50 %
Market Yield 9.29 %
*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.
