Managed High Yield Plus Fund Inc. announces timing of liquidating distribution to shareholders

Managed High Yield Plus Fund Inc. (the "Fund") (NYSE:HYF) today announced the timing of the payment of the final liquidating distribution to shareholders. As previously announced, these steps are being taken in connection with the liquidation of the Fund pursuant to a Plan of Liquidation approved by shareholders on April 21, 2016.

The Fund will pay a final liquidating distribution to shareholders consisting of a pro rata portion of the remaining assets of the Fund (plus accumulated but unpaid dividends up to and including the record date for the distribution) on June 29, 2016, to shareholders of record as of June 22, 2016. All shareholders as of the close of business on June 22, 2016 are entitled to receive a liquidating distribution. It is anticipated that trading on the New York Stock Exchange in shares of the Fund’s common stock will cease on June 23, 2016 (i.e., the last day of trading will be June 22, 2016).

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