Managed High Yield Plus Fund Inc. (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 $0.0475 per share. The dividend is payable on March 31,
2006, to shareholders of record as of March 23, 2006. The ex-dividend
date is March 21, 2006. 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.
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Characteristics as of February 28, 2006:(a)
Net Asset Value $4.79
Market Price $4.95
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NAV Yield 11.90%
Market Yield 11.52%
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(a) 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.