Managed High Yield Plus Fund, Inc. (NYSE:HYF)
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Managed High Yield Plus Fund Inc. (NYSE: HYF), 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 fourth quarter and fiscal year ended May 31, 2007.
For the fourth quarter ended May 31, 2007, the Fund's earnings from net
investment income were $8,104,676, equal to $0.13 per share. Total net
realized and unrealized losses from investment activities were
$(2,710,428), equal to $(0.04) per share, for the same period. This
compares to earnings from net investment income of $8,271,596, equal to
$0.14 per share, and total net realized and unrealized gains from
investment activities of $1,994,106, equal to $0.03 per share, for the
fourth quarter ended May 31, 2006.
For the fiscal year ended May 31, 2007, the Fund's earnings from net
investment income were $31,954,853, equal to $0.53 per share. Total net
realized and unrealized gains from investment activities were
$4,080,016, equal to $0.06 per share, for the same period. This compares
to earnings from net investment income of $34,347,747, equal to $0.57
per share, and total net realized and unrealized losses from investment
activities of $(3,540,777), equal to $(0.05) per share, for the fiscal
year ended May 31, 2006.
On May 31, 2007, net assets of the Fund were $299,336,075. The net asset
value per share was $4.91, based on 60,947,819 shares outstanding, which
represents an increase of 1.87% from the net asset value per share of
$4.82 ($291,174,807 applicable to 60,440,767 shares outstanding) on May
31, 2006.