We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Managed High Yield Plus Fund, Inc. | NYSE:HYF | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.88 | 0 | 01:00:00 |
UNITED STATES |
SECURITIES AND EXCHANGE COMMISSION |
Washington, D.C. 20549 |
FORM N-Q |
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED |
MANAGEMENT INVESTMENT COMPANY |
Investment Company Act file number: 811-08765 |
|
Managed High Yield Plus Fund Inc. |
|
(Exact name of registrant as specified in charter) |
51 West 52 nd Street, New York, New York 10019-6114 |
|
(Address of principal executive offices) (Zip code) |
Mark F. Kemper, Esq. |
UBS Global Asset Management |
51 West 52 nd Street |
New York, NY 10019-6114 |
(Name and address of agent for service) |
Copy to: |
Jack W. Murphy, Esq. |
Dechert LLP |
1775 I Street, N.W. |
Washington, DC 20006-2401 |
Registrants telephone number, including area code: 212-882 5000 |
Date of fiscal year end: May 31 |
Date of reporting period: August 31, 2008 |
Item 1. Schedule of Investments
Managed High Yield Plus Fund Inc.
Schedule of investmentsAugust 31, 2008 (unaudited)
Face | |||||
Security description | amount ($) | Value ($) | |||
|
|||||
Corporate bonds 141.19% |
|||||
|
|||||
Agriculture 1.55% |
|||||
|
|||||
Southern States Cooperative, Inc. |
|||||
10.500%, due 11/01/10 1,2 |
3,000,000 | 3,060,000 | |||
|
|||||
Automobile OEM 0.75% |
|||||
|
|||||
General Motors |
|||||
8.375%, due 07/15/33 2 |
3,000,000 | 1,485,000 | |||
|
|||||
Automotive parts 3.88% |
|||||
|
|||||
ArvinMeritor, Inc. |
|||||
8.125%, due 09/15/15 2 |
4,700,000 | 3,901,000 | |||
|
|||||
Stanadyne Corp. |
|||||
10.000%, due 08/15/14 2 |
4,000,000 | 3,760,000 | |||
|
|||||
7,661,000 | |||||
|
|||||
Building materials 11.43% |
|||||
|
|||||
Coleman Cable, Inc. |
|||||
9.875%, due 10/01/12 2 |
4,850,000 | 4,510,500 | |||
|
|||||
CPG International, Inc. |
|||||
10.500%, due 07/01/13 2 |
6,000,000 | 4,620,000 | |||
|
|||||
Dayton Superior Corp. |
|||||
13.000%, due 06/15/09 2 |
2,687,000 | 2,203,340 | |||
|
|||||
Interface, Inc. |
|||||
10.375%, due 02/01/10 2 |
4,075,000 | 4,278,750 | |||
|
|||||
Masonite Corp. |
|||||
11.000%, due 04/06/15 2 |
5,000,000 | 1,875,000 | |||
|
|||||
Masonite International Corp. |
|||||
11.000%, due 04/06/15 2 |
3,000,000 | 1,125,000 | |||
|
|||||
US Concrete, Inc. |
|||||
8.375%, due 04/01/14 2 |
4,800,000 | 3,984,000 | |||
|
|||||
22,596,590 | |||||
|
|||||
Business services/office equipment 6.02% |
|||||
|
|||||
Harland Clarke Holdings |
|||||
9.500%, due 05/15/15 2 |
7,750,000 | 6,083,750 | |||
|
|||||
Xerox Capital Trust I |
|||||
8.000%, due 02/01/27 2 |
6,100,000 | 5,808,164 | |||
|
|||||
11,891,914 | |||||
|
|||||
Chemicals 5.77% |
|||||
|
|||||
Ineos Group Holdings PLC |
|||||
8.500%, due 02/15/16 1,2 |
6,000,000 | 3,840,000 | |||
|
|||||
Momentive Performance |
|||||
9.750%, due 12/01/14 2 |
2,500,000 | 2,256,250 | |||
10.125%, due 12/01/14 2,3 |
4,000,000 | 3,500,000 | |||
11.500%, due 12/01/16 2 |
1,000,000 | 780,000 | |||
|
|||||
Montell Finance Co. BV |
|||||
8.100%, due 03/15/27 1,2 |
2,012,000 | 1,026,120 | |||
|
|||||
11,402,370 | |||||
|
|||||
Consumer products-durables 1.21% |
|||||
|
|||||
Da-Lite Screen Co., Inc. |
|||||
9.500%, due 05/15/11 2 |
2,500,000 | 2,400,000 | |||
|
Managed High Yield Plus Fund Inc.
Schedule of investmentsAugust 31, 2008 (unaudited)
Face | |||||
Security description | amount ($) | Value ($) | |||
|
|||||
Corporate bonds(continued) |
|||||
|
|||||
Consumer products-non durables 2.05% |
|||||
|
|||||
Prestige Brands, Inc. |
|||||
9.250%, due 04/15/12 2 |
4,029,000 | 4,049,145 | |||
|
|||||
Consumer services 4.63% |
|||||
|
|||||
Ahern Rentals, Inc. |
|||||
9.250%, due 08/15/13 2 |
4,750,000 | 3,063,750 | |||
|
|||||
Hertz Corp. |
|||||
10.500%, due 01/01/16 2 |
4,000,000 | 3,530,000 | |||
|
|||||
Sunstate Equipment Co. |
|||||
10.500%, due 04/01/13 1,2 |
3,500,000 | 2,555,000 | |||
|
|||||
9,148,750 | |||||
|
|||||
Defense/aerospace 3.89% |
|||||
|
|||||
DAE Aviation Holdings, Inc. |
|||||
11.250%, due 08/01/15 1,2 |
1,000,000 | 965,000 | |||
|
|||||
Hawker Beechcraft Acquisition Co. |
|||||
8.875%, due 04/01/15 2,3 |
5,750,000 | 5,735,625 | |||
9.750%, due 04/01/17 2 |
1,000,000 | 980,000 | |||
|
|||||
7,680,625 | |||||
|
|||||
Electric-generation 1.32% |
|||||
|
|||||
Mirant Americas Generation LLC |
|||||
9.125%, due 05/01/31 2 |
3,000,000 | 2,606,250 | |||
|
|||||
Electric-integrated 2.27% |
|||||
|
|||||
Texas Competitive Electric Holdings Co. LLC |
|||||
10.250%, due 11/01/15 1,2 |
4,500,000 | 4,488,750 | |||
|
|||||
Electronics 5.04% |
|||||
|
|||||
NXP BV/NXP Funding LLC |
|||||
9.500%, due 10/15/15 2 |
6,000,000 | 4,065,000 | |||
|
|||||
Sanmina-SCI Corp. |
|||||
5.526%, due 06/15/14 1,2,4 |
1,500,000 | 1,387,500 | |||
8.125%, due 03/01/16 2 |
5,000,000 | 4,512,500 | |||
|
|||||
9,965,000 | |||||
|
|||||
Energy-refining & marketing 0.31% |
|||||
|
|||||
Petroplus Finance Ltd. |
|||||
7.000%, due 05/01/17 1,2 |
700,000 | 621,250 | |||
|
|||||
Equipment rental 0.80% |
|||||
|
|||||
United Rentals N.A. |
|||||
7.750%, due 11/15/13 2 |
2,000,000 | 1,580,000 | |||
|
|||||
Finance-captive automotive 3.08% |
|||||
|
|||||
Ford Motor Credit Co. LLC |
|||||
9.750%, due 09/15/10 2 |
7,000,000 | 6,098,477 | |||
|
|||||
Finance-noncaptive consumer 0.94% |
|||||
|
|||||
Countrywide Financial Corp. |
|||||
2.959%, due 09/02/08 2,4 |
1,850,000 | 1,850,000 | |||
|
Managed High Yield Plus Fund Inc.
Schedule of investmentsAugust 31, 2008 (unaudited)
Face | |||||
Security description | amount ($) | Value ($) | |||
|
|||||
Corporate bonds(continued) |
|||||
|
|||||
Finance-noncaptive diversified 1.98% |
|||||
|
|||||
GMAC LLC |
|||||
5.850%, due 01/14/09 2 |
1,000,000 | 957,543 | |||
7.250%, due 03/02/11 2 |
2,000,000 | 1,334,464 | |||
8.000%, due 11/01/31 2 |
3,000,000 | 1,618,047 | |||
|
|||||
3,910,054 | |||||
|
|||||
Food 1.32% |
|||||
|
|||||
Ameriqual Group LLC |
|||||
9.500%, due 04/01/12 1,2 |
4,000,000 | 2,600,000 | |||
|
|||||
Gaming 14.95% |
|||||
|
|||||
Caesars Entertainment, Inc. |
|||||
7.875%, due 03/15/10 2 |
3,000,000 | 2,557,500 | |||
|
|||||
Circus & Eldorado Joint Venture |
|||||
10.125%, due 03/01/12 2 |
4,500,000 | 4,117,500 | |||
|
|||||
FireKeepers Development Authority |
|||||
13.875%, due 05/01/15 1,2 |
2,000,000 | 1,845,000 | |||
|
|||||
Harrahs Operating Co., Inc. |
|||||
10.750%, due 02/01/16 1,2 |
3,000,000 | 2,017,500 | |||
|
|||||
Inn Of The Mountain Gods Resort & Casino |
|||||
12.000%, due 11/15/10 2 |
4,400,000 | 3,135,000 | |||
|
|||||
Jacobs Entertainment, Inc. |
|||||
9.750%, due 06/15/14 2 |
6,750,000 | 4,792,500 | |||
|
|||||
Little Traverse Bay Bands of Odawa Indians |
|||||
10.250%, due 02/15/14 1,2 |
3,000,000 | 2,497,500 | |||
|
|||||
MTR Gaming Group, Inc., Series B |
|||||
9.750%, due 04/01/10 2 |
2,525,000 | 2,455,563 | |||
|
|||||
Pokagon Gaming Authority |
|||||
10.375%, due 06/15/14 1,2 |
2,983,000 | 3,109,777 | |||
|
|||||
River Rock Entertainment Authority |
|||||
9.750%, due 11/01/11 |
2,836,000 | 2,637,480 | |||
|
|||||
Tropicana Entertainment LLC/Finance Corp. |
|||||
9.625%, due 12/15/14 5, * |
1,200,000 | 384,000 | |||
|
|||||
29,549,320 | |||||
|
|||||
Gas distributors 0.44% |
|||||
|
|||||
Ferrellgas L.P./Finance |
|||||
6.750%, due 05/01/14 2 |
1,000,000 | 870,000 | |||
|
|||||
Health care 3.54% |
|||||
|
|||||
Community Health Systems |
|||||
8.875%, due 07/15/15 2 |
4,900,000 | 4,949,000 | |||
|
|||||
HCA, Inc. |
|||||
9.125%, due 11/15/14 2 |
2,000,000 | 2,055,000 | |||
|
|||||
7,004,000 | |||||
|
|||||
Home construction 0.38% |
|||||
|
|||||
Stanley Martin-Community LLC |
|||||
9.750%, due 08/15/15 2 |
2,000,000 | 760,000 | |||
|
|||||
Industrial-other 4.94% |
|||||
|
|||||
ARAMARK Services, Inc. |
|||||
6.301%, due 02/01/15 2,4 |
5,145,000 | 4,784,850 | |||
|
|||||
Mobile Services/Storage Group |
|||||
9.750%, due 08/01/14 2 |
5,250,000 | 4,987,500 | |||
|
|||||
9,772,350 | |||||
|
Managed High Yield Plus Fund Inc.
Schedule of investmentsAugust 31, 2008 (unaudited)
Face | |||||
Security description | amount ($) | Value ($) | |||
|
|||||
Corporate bonds(continued) |
|||||
|
|||||
Media-broadcast/outdoor 6.97% |
|||||
|
|||||
CMP Susquehanna |
|||||
9.875%, due 05/15/14 2 |
5,775,000 | 3,609,375 | |||
|
|||||
LIN Television Corp. |
|||||
6.500%, due 05/15/13 2 |
2,000,000 | 1,640,000 | |||
Series B, 6.500%, due 05/15/13 2 |
1,750,000 | 1,435,000 | |||
|
|||||
Sirius Satellite Radio |
|||||
9.625%, due 08/01/13 2 |
3,450,000 | 2,699,625 | |||
|
|||||
Univision Communications |
|||||
9.750%, due 03/15/15 1,2,3 |
4,950,000 | 3,539,250 | |||
|
|||||
Young Broadcasting, Inc. |
|||||
10.000%, due 03/01/11 2 |
2,358,000 | 848,880 | |||
|
|||||
13,772,130 | |||||
|
|||||
Media-cable 0.75% |
|||||
|
|||||
CCH I Holdings LLC |
|||||
10.000%, due 05/15/14 2 |
3,000,000 | 1,485,000 | |||
|
|||||
Media-publishing 5.82% |
|||||
|
|||||
American Color Graphics, Inc. |
|||||
10.000%, due 06/15/10 5, * |
2,250,000 | 405,000 | |||
|
|||||
American Media Operation, Series B |
|||||
10.250%, due 05/01/09 1,2 |
145,440 | 109,080 | |||
10.250%, due 05/01/09 2 |
4,000,000 | 3,000,000 | |||
|
|||||
Hollinger, Inc. |
|||||
12.875%, due 03/01/11 1,5, * |
975,000 | 19,500 | |||
|
|||||
Quebecor World Capital Corp. |
|||||
4.875%, due 11/15/08 5, * |
1,500,000 | 532,500 | |||
8.750%, due 03/15/16 1,5, * |
4,625,000 | 2,046,562 | |||
|
|||||
Sheridan Acquisition Corp. |
|||||
10.250%, due 08/15/11 2 |
5,500,000 | 5,005,000 | |||
|
|||||
Vertis, Inc., Series B |
|||||
10.875%, due 06/15/09 5, * |
5,125,000 | 397,188 | |||
|
|||||
11,514,830 | |||||
|
|||||
Media-services 3.93% |
|||||
|
|||||
Affinion Group, Inc. |
|||||
10.125%, due 10/15/13 2 |
4,000,000 | 3,940,000 | |||
|
|||||
Baker & Taylor, Inc. |
|||||
11.500%, due 07/01/13 1,2 |
4,500,000 | 3,830,625 | |||
|
|||||
7,770,625 | |||||
|
|||||
Metals/mining excluding steel 3.13% |
|||||
|
|||||
American Rock Salt Co. LLC |
|||||
9.500%, due 03/15/14 2 |
3,000,000 | 3,150,000 | |||
|
|||||
Neenah Corp. |
|||||
9.500%, due 01/01/17 2 |
4,000,000 | 3,040,000 | |||
|
|||||
6,190,000 | |||||
|
|||||
Packaging & containers 5.65% |
|||||
|
|||||
Exopack Holding Corp. |
|||||
11.250%, due 02/01/14 2 |
4,000,000 | 3,510,000 | |||
|
|||||
Graham Packaging Co. |
|||||
9.875%, due 10/15/14 2 |
3,000,000 | 2,632,500 | |||
|
Managed High Yield Plus Fund Inc.
Schedule of investmentsAugust 31, 2008 (unaudited)
Face | |||||
Security description | amount ($) | Value ($) | |||
|
|||||
Corporate bonds(continued) |
|||||
|
|||||
Packaging & containers(concluded) |
|||||
|
|||||
Stone Container Finance |
|||||
7.375%, due 07/15/14 2 |
6,250,000 | 5,031,250 | |||
|
|||||
11,173,750 | |||||
|
|||||
Paper/forest products 11.86% |
|||||
|
|||||
Abitibi-Consolidated, Inc. |
|||||
8.550%, due 08/01/10 2 |
2,000,000 | 1,122,500 | |||
|
|||||
Ainsworth Lumber |
|||||
11.000%, due 07/29/15 1,2 |
1,144,753 | 918,664 | |||
|
|||||
Boise Cascade LLC |
|||||
7.125%, due 10/15/14 2 |
955,000 | 615,975 | |||
|
|||||
Bowater Canada Finance |
|||||
7.950%, due 11/15/11 2 |
6,940,000 | 4,337,500 | |||
|
|||||
Bowater, Inc. |
|||||
9.500%, due 10/15/12 2 |
1,250,000 | 775,000 | |||
|
|||||
Cellu Tissue Holdings, Inc. |
|||||
9.750%, due 03/15/10 2 |
5,000,000 | 4,637,500 | |||
|
|||||
Millar Western Forest |
|||||
7.750%, due 11/15/13 2 |
1,000,000 | 610,000 | |||
|
|||||
Newpage Corp. |
|||||
10.000%, due 05/01/12 2 |
4,000,000 | 3,880,000 | |||
12.000%, due 05/01/13 2 |
1,000,000 | 935,000 | |||
|
|||||
Verso Paper Holdings LLC |
|||||
9.125%, due 08/01/14 2 |
1,000,000 | 940,000 | |||
11.375%, due 08/01/16 2 |
5,500,000 | 4,675,000 | |||
|
|||||
23,447,139 | |||||
|
|||||
Pharmaceuticals 0.99% |
|||||
|
|||||
Axcan Intermediate Holdings |
|||||
12.750%, due 03/01/16 1,2 |
1,950,000 | 1,959,750 | |||
|
|||||
Real estate management services 1.98% |
|||||
|
|||||
Realogy Corp. |
|||||
12.375%, due 04/15/15 2 |
8,500,000 | 3,910,000 | |||
|
|||||
Retail-restaurants 0.02% |
|||||
|
|||||
Buffets, Inc. |
|||||
12.500%, due 11/01/14 5, * |
4,500,000 | 45,000 | |||
|
|||||
Retail-specialty 3.24% |
|||||
|
|||||
Brookstone Co., Inc. |
|||||
12.000%, due 10/15/12 2 |
4,400,000 | 3,938,000 | |||
|
|||||
GameStop Corp. |
|||||
8.000%, due 10/01/12 2 |
2,350,000 | 2,461,625 | |||
|
|||||
6,399,625 | |||||
|
|||||
Steel producers/products 0.50% |
|||||
|
|||||
Ryerson, Inc. |
|||||
12.000%, due 11/01/15 1,2 |
1,000,000 | 980,000 | |||
|
|||||
Technology-hardware 2.43% |
|||||
|
|||||
Freescale Semiconductor |
|||||
8.875%, due 12/15/14 2 |
1,200,000 | 972,000 | |||
10.125%, due 12/15/16 2 |
5,000,000 | 3,837,500 | |||
|
|||||
4,809,500 | |||||
|
Managed High Yield Plus Fund Inc.
Schedule of investmentsAugust 31, 2008 (unaudited)
Face | |||||
Security description | amount ($) | Value ($) | |||
|
|||||
Corporate bonds(concluded) |
|||||
|
|||||
Technology-software 4.57% |
|||||
|
|||||
Sungard Data Systems, Inc. |
|||||
10.250%, due 08/15/15 2 |
6,250,000 | 6,296,875 | |||
|
|||||
Unisys Corp. |
|||||
8.500%, due 10/15/15 2 |
3,500,000 | 2,747,500 | |||
|
|||||
9,044,375 | |||||
|
|||||
Telecom-satellite 0.47% |
|||||
|
|||||
Echostar DBS Corp. |
|||||
6.625%, due 10/01/14 2 |
1,000,000 | 920,000 | |||
|
|||||
Telecom-wireless 3.00% |
|||||
|
|||||
US Unwired, Inc., Series B |
|||||
10.000%, due 06/15/12 2 |
1,750,000 | 1,837,500 | |||
|
|||||
Wind Acquisition Finance SA |
|||||
10.750%, due 12/01/15 1,2 |
4,000,000 | 4,100,000 | |||
|
|||||
5,937,500 | |||||
|
|||||
Telecom-wirelines 2.63% |
|||||
|
|||||
Citizens Communications |
|||||
9.000%, due 08/15/31 2 |
6,000,000 | 5,205,000 | |||
|
|||||
Textile/apparel 0.76% |
|||||
|
|||||
Rafaella Apparel Group |
|||||
11.250%, due 06/15/11 2 |
3,333,000 | 1,499,850 | |||
|
|||||
Total corporate bonds (cost$358,452,379) |
279,114,919 | ||||
|
|||||
Number of | |||||
Security description | shares/units | ||||
|
|||||
Common stocks* 0.53% |
|||||
|
|||||
Consumer services 0.00% |
|||||
|
|||||
NCI Holdings, Inc. 6,7 |
5,456 | 0 | |||
|
|||||
Energy-refining & marketing 0.00% |
|||||
|
|||||
Orion Refining Corp. 6,7 |
1,253 | 0 | |||
|
|||||
Paper/forest products 0.51% |
|||||
|
|||||
Ainsworth Lumber Co. Ltd. 2 |
351,057 | 1,008,404 | |||
|
|||||
Retail-restaurants 0.00% |
|||||
|
|||||
American Restaurant Group, Inc. 6,7 |
129 | 0 | |||
|
|||||
Technology-software 0.01% |
|||||
|
|||||
Knology, Inc. 2 |
693 | 6,972 | |||
|
|||||
Telecom-wireless 0.01% |
|||||
|
|||||
American Tower Corp., Class A 2 |
636 | 26,286 | |||
|
|||||
Telecom-wirelines 0.00% |
|||||
|
|||||
XO Holdings, Inc. 2 |
1,052 | 757 | |||
|
|||||
Total common stocks (cost$5,476,585) |
1,042,419 | ||||
|
Managed High Yield Plus Fund Inc.
Schedule of investmentsAugust 31, 2008 (unaudited)
Number of | ||||||
Security description | units | Value ($) | ||||
|
||||||
Other equity security* 0.00% |
||||||
|
||||||
Media-cable 0.00% |
||||||
|
||||||
Adelphia Contingent Value Vehicle 6,7,8 (cost$0) |
2,000,000 | 0 | ||||
|
||||||
Number of | ||||||
Warrants* 0.39% | warrants | |||||
|
||||||
Building materials 0.00% |
||||||
|
||||||
Dayton Superior Corp., strike @ $0.01 expires 06/15/09 6,7,9 |
2,500 | 0 | ||||
|
||||||
Energy-oilfield services 0.39% |
||||||
|
||||||
Key Energy Services, Inc., strike @ $4.88 expires 01/15/09 2 |
4,500 | 774,000 | ||||
|
||||||
Telecom-wirelines 0.00% |
||||||
|
||||||
XO Holdings, Inc., |
||||||
Series A, strike @ $6.25, expires 01/16/10 2 |
2,105 | 53 | ||||
Series B, strike @ $7.50, expires 01/16/10 2 |
1,578 | 39 | ||||
Series C, strike @ $10.00, expires 01/16/10 2 |
1,578 | 16 | ||||
|
||||||
108 | ||||||
|
||||||
Total warrants (cost$46,550) |
774,108 | |||||
|
||||||
Face | ||||||
amount ($) | ||||||
|
||||||
Repurchase agreement 1.92% | ||||||
|
||||||
Repurchase agreement dated 08/29/08 with State |
||||||
Street Bank & Trust Co., 1.430% due 09/02/08, |
||||||
collateralized by $2,748,940 US Treasury Bonds, |
||||||
8.125% to 8.750% due 08/15/19 to 08/15/20; |
||||||
(value$3,873,995); proceeds: $3,798,603 |
||||||
(cost$3,798,000) |
3,798,000 | 3,798,000 | ||||
|
||||||
Total investments (cost$367,773,514) 10,11 144.03% |
284,729,446 | |||||
|
||||||
Liabilities in excess of other assets (44.03)% |
(87,044,757 | ) | ||||
|
||||||
Net assets 100.00% |
197,684,689 | |||||
|
* | Non-income producing security. | |
1 | Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities, which represent 24.04% of net assets as of August 31, 2008, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. | |
2 | Entire or partial amount pledged as collateral for bank loan. | |
3 | PIK-Payment-in-kind security. Income may be paid in cash or additional notes, at the discretion of the issuer. | |
4 | Floating rate security. The interest rate shown is the current rate as of August 31, 2008. | |
5 | Bond interest in default. | |
6 | Illiquid securities representing 0.00% of net assets as of August 31, 2008. | |
7 | Security is being fair valued by a valuation committee under the direction of the board of directors. | |
8 | Represents contingent value vehicle (CVV) obligations. The CVV obligations represent units in a trust that was formed pursuant to a Plan of Reorganization of Adelphia Communications Corporation to hold certain litigation claims against Adelphias third party lenders, accountants, and other parties. | |
9 | Security exempt from registration under Rule 144A of the Securities Act of 1933. This security, which represents 0.00% of net assets as of August 31, 2008, is considered illiquid and restricted. (See table below for more information). |
Acquisition | ||||||||||
cost as a | Value as a | |||||||||
Acquisition | Acquisition | percentage of | Value at | percentage of | ||||||
Restricted security | date | cost ($) | net assets (%) | 08/31/08 ($) | net assets (%) | |||||
|
||||||||||
Dayton Superior Corp., warrants, expiring 06/15/09 | 06/09/00 | 46,550 | 0.02 | 0 | 0.00 | |||||
|
Managed High Yield Plus Fund Inc.
Schedule of investmentsAugust 31, 2008 (unaudited)
10 | Cost of investments shown approximates cost for federal income tax purposes. Gross unrealized appreciation of investments and gross unrealized depreciation of investments at August 31, 2008 were $1,366,304 and $84,410,372, respectively, resulting in net unrealized depreciation of investments of $83,044,068. | |
11 | The Fund calculates its net asset value based on the current market value, where available, for its portfolio securities. The Fund normally obtains market values for its securities from independent pricing sources and broker-dealers. Independent pricing sources may use last reported sale prices, current market quotations or valuations from computerized matrix systems that derive values based on comparable securities. A matrix system incorporates parameters such as security quality, maturity and coupon, and/or research and evaluations by its staff, including review of broker-dealer market price quotations, if available, in determining the valuation of the portfolio securities. Securities traded in the over-the-counter (OTC) market and listed on The Nasdaq Stock Market, Inc. (Nasdaq) normally are valued at the NASDAQ Official Closing Price. Other OTC securities are valued at the last bid price available on the valuation date prior to valuation. Securities which are listed on US and foreign stock exchanges normally are valued at the last sale price on the day the securities are valued or, lacking any sales on such day, at the last available bid price. In cases where securities are traded on more than one exchange, the securities are valued on the exchange designated as the primary market by UBS Global Asset Management (Americas) Inc. (UBS Global AM), the investment manager and administrator of the Fund. UBS Global AM is an indirect wholly owned asset management subsidiary of UBS AG, an internationally diversified organization with headquarters in Zurich and Basel, Switzerland and operations in many areas of the financial services industry. If a market value is not available from an independent pricing source for a particular security, that security is valued at fair value as determined in good faith by or under the direction of the Funds Board of Directors (the Board). Various factors may be reviewed in order to make a good faith determination of a securitys fair value. These factors include, but are not limited to, the type and cost of the security; contractual or legal restrictions on resale of the security; relevant financial or business developments of the issuer; actively traded similar or related securities; conversion or exchange rights on the security; related corporate actions; and changes in overall market conditions. Occasionally, events affecting the value of foreign investments occur between the time at which they are determined and the close of the New York Stock Exchange (NYSE), which will not be reflected in the computation of the Funds net asset value. If events materially affecting the value of such securities occur during such time periods, the securities will be valued at their fair value as determined in good faith by or under the direction of the Board. The amortized cost method of valuation, which approximates market value, generally is used to value short-term debt instruments with sixty days or less remaining to maturity, unless the Board determines that this does not represent fair value. All investments quoted in foreign currencies will be valued daily in US dollars on the basis of the foreign currency exchange rates prevailing at the time such valuation is determined by the Funds custodian. | |
In September 2006, the Financial Accounting Standards Board released Statement of Financial Accounting Standards No. 157, Fair Value Measurements (FAS 157) . FAS 157 requires disclosure surrounding the various inputs that are used in determining the value of the Funds investments. These inputs are summarized into the three broad levels listed below: | ||
Level 1 - quoted prices in active markets for identical securities. | ||
Level 2 - other significant observable inputs, including but not limited to, quoted prices for similar securities, interest rates, prepayment speeds and credit risks. | ||
Level 3 - unobservable inputs inclusive of the Funds own assumptions in determining the fair value of investments. |
The following is a summary of the inputs used as of August 31, 2008 in valuing the Funds assets:
Measurements at August 31, 2008 | ||||||||
|
||||||||
Quoted prices in | ||||||||
active markets for | Significant other | Unobservable | ||||||
identical assets | observable inputs | inputs | ||||||
Description | Total ($) | (Level 1) ($) | (Level 2) ($) | (Level 3)* ($) | ||||
|
||||||||
Assets: | ||||||||
|
||||||||
Securities | 284,729,446 | 1,816,527 | 282,912,919 | 0 | ||||
|
The following is a rollforward of the Funds assets that were valued using unobservable inputs for the period:
Measurements using | |||
unobservable inputs (Level 3)* ($) | |||
Securities | |||
|
|||
Assets | |||
|
|||
Beginning balance | 0 | ||
|
|||
Accrued discounts/(premiums) | 0 | ||
|
|||
Total gains or losses (realized/unrealized) included in earnings | 0 | ||
|
|||
Purchases, sales, issuances and settlements (net) | 0 | ||
|
|||
Transfers in and/or out of Level 3 | 0 | ||
|
|||
Ending balance | 0 | ||
|
|||
The amount of total gains or losses for the period included in earnings attributable to the change in unrealized gains or losses relating to assets still held at 08/31/08 | 0 | ||
|
* | All securities categorized as Level 3 have a value of $0. | |
GMAC | General Motors Acceptance Corporation | |
OEM | Original Equipment Manufacturer |
Managed High Yield Plus Fund Inc.
Schedule of investmentsAugust 31, 2008 (unaudited)
Issuer breakdown by country or territory of origin | Percentage of total investments (%) | ||
|
|||
United States | 89.3 | ||
|
|||
Canada | 5.9 | ||
|
|||
Netherlands | 1.8 | ||
|
|||
Luxembourg | 1.4 | ||
|
|||
United Kingdom | 1.4 | ||
|
|||
Bermuda | 0.2 | ||
|
|||
Total | 100.0 | ||
|
For more information regarding the Funds other signicant accounting policies, please refer to the Funds annual report to shareholders dated May 31, 2008.
Item 2. Controls and Procedures. | ||
(a) |
The registrants principal executive officer and principal financial officer have concluded that the
registrants disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment
Company Act of 1940, as amended (Investment Company Act)) are effective based on their
evaluation of these controls and procedures as of a date within 90 days of the filing date of this
document.
|
|
(b) |
The registrants principal executive officer and principal financial officer are aware of no
changes in the registrants internal control over financial reporting (as defined in Rule 30a-3(d)
under the Investment Company Act) that occurred during the registrants last fiscal quarter that
has materially affected, or is reasonably likely to materially affect, the registrants internal
control over financial reporting.
|
|
Item 3. Exhibits. | ||
(a) |
Certifications of principal executive officer and principal financial officer of registrant pursuant
to Rule 30a-2(a) under the Investment Company Act is attached hereto as Exhibit EX-99.CERT.
|
SIGNATURES | ||
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of
1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
|
||
Managed High Yield Plus Fund Inc. | ||
By: | /s/ Kai R. Sotorp | |
Kai R. Sotorp | ||
President | ||
Date: | October 30, 2008 | |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of
1940, this report has been signed below by the following persons on behalf of the registrant and in the
capacities and on the dates indicated.
|
||
By: | /s/ Kai R. Sotorp | |
Kai R. Sotorp | ||
President | ||
Date: | October 30, 2008 | |
By: | /s/ Thomas Disbrow | |
Thomas Disbrow | ||
Vice President and Treasurer | ||
Date: | October 30, 2008 |
1 Year Managed High Yield Plus Fund, Inc. Chart |
1 Month Managed High Yield Plus Fund, Inc. Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions