Managed High Yield Plus Fund Inc. –Dividend declaration and portfolio statistics
15 Julio 2013 - 4:05PM
Business Wire
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, 20131 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 quality2 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 share3 $2.17 Market
price per share3 $2.00 Weighted average life
5.22yrs
Weighted average modified duration4
4.13yrs
Weighted average coupon5 7.15% Leverage6 30.75% Yields3 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.
Managed High Yield Plus Fund, Inc. (NYSE:HYF)
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