Managed High Yield Plus Fund Inc. – Dividend Declaration and Updated Price and Yield Information
11 Abril 2016 - 8:19PM
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 $0.0095 per share. The dividend is payable on
April 29, 2016 to shareholders of record as of April 21, 2016. The
ex-dividend date is April 19, 2016.
The Fund seeks high income and, secondarily, capital
appreciation, primarily through investments in lower-rated, income
producing debt and related equity securities.
Characteristics as of March 31,
2016*
Net Asset Value per share $1.84 Market Price
per share $1.78 NAV Yield 6.20% Market Yield
6.40%
* 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.
Important Note: As previously announced in a press
release issued on October 13, 2015, based upon the recommendation
of UBS Asset Management (Americas) Inc., the Fund’s investment
manager, the Fund's Board of Directors determined that liquidation
and dissolution of the Fund is in the best interests of the Fund's
shareholders. A proposed plan of liquidation will be submitted for
the approval of the Fund’s shareholders at a special meeting of
shareholders, to be held in April 2016. If the shareholders approve
the proposed plan, the liquidation and dissolution of the Fund will
take place as soon as reasonably practicable, but in no event later
than December 31, 2016 (absent unforeseen circumstances).
Any performance information reflects the deduction of the Fund’s
fees and expenses, as indicated in its shareholder reports, such as
management fees, custody fees, exchange listing fees, etc. It does
not reflect any transaction charges that a shareholder may incur
when (s)he buys or sells shares (e.g., a shareholder’s brokerage
commissions).
Investing in the Fund entails specific risks, such as
interest rate risk, the greater credit risks inherent
in investing primarily in lower-rated, higher-yielding bonds
as well as the increased risk of using leverage
(that is, borrowing money to invest in additional
portfolio securities). Further detailed information regarding the
Fund, including a discussion of principal objectives, principal
investment strategies and principal risks, may be found in the fund
overview located at
http://www.ubs.com/closedendfundsinfo . You may also
request copies of the fund overview by calling the Closed-End Funds
Desk at 888-793 8637.
©UBS 2016. All rights reserved. The key symbol and UBS are among
the registered and unregistered trademarks of UBS.
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version on businesswire.com: http://www.businesswire.com/news/home/20160411006248/en/
UBS Asset ManagementClosed-End Funds Desk: 888-793
8637ubs.com
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