Managed High Yield Plus Fund Inc. Distribution Declaration and Portfolio Statistics.Business Editors NEW YORK--(BUSINESS WIRE)--July 16, 2001 Managed High Yield Plus Fund Inc. (NYSE NYSE See: New York Stock Exchange : HYF HYF Hold Your Fire (Rush album) ), a closed-end closed-end adj. Issuing a fixed number of shares that can be traded publicly but are not redeemable by the issuer: a closed-end investment company. management investment company, today announced that the Fund's Board of Directors has declared a dividend from net investment income of $0.0900 per share. The dividend is payable on July July: see month. 31, 2001 to shareholders of record as of July 24, 2001. The ex-dividend date Ex-dividend date The first day of trading when the buyer of a stock is no longer entitled to the most recently announced dividend payment ( i.e. the trade will settle the day after the record date, too late for the buyer to appear on the shareholder record and receive the dividend. is July 20, 2001. 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. UBS UBS Union Bank of Switzerland UBS United Bible Societies UBS United Blood Services UBS United Buying Service UBS Used Bookstore UBS University Business Services UBS Universal Building Society (UK) UBS Ulaanbaatar Broadcasting System Asset Management (NY) is the Fund's sub-advisor.
Portfolio Statistics (% of total portfolio assets) as of June 30,
2001:
Credit Quality
BB & Higher 19.5 %
B 60.8
CCC & Lower 17.7
Non-Rated 0.1
Cash 1.3
Equity/Preferred 0.6
Total 100.0
Top Five Sectors
Wireless 8.5 %
Cable 7.7
Services 7.2
Chemical 6.5
CLEC 6.5
Total 36.4
Yields(a)
Market Yield 14.9 %
NAV Yield 16.6 %
IPO Yield 7.2 %
Top Ten Holdings
PTC International Finance 2.4 %
Allied Waste 2.2
Crown Castle International 2.0
Alestra 1.9
AES Corp. 1.8
Lyondell Chemical 1.7
Triad Hospitals 1.7
Key Energy Services, Inc. 1.6
Park Place Entertainment Corp. 1.5
Four M Corp. 1.5
Total 18.3
Characteristics
Net Asset Value $6.49
Market Price $7.23
Leverage 28.2 %
Weighted Avg Maturity 7.7 yrs
Weighted Avg Duration 4.0 yrs
Weighted Avg Coupon 9.9 %
Weighted Avg Price $81.94
(a)Market yield is calculated by multiplying mul·ti·ply 1 v. mul·ti·plied, mul·ti·ply·ing, mul·ti·plies v.tr. 1. To increase the amount, number, or degree of. 2. Mathematics To perform multiplication on. the current month's distribution by 12 and dividing by the month-end market price. NAV See navigation system and navigation bar. yield is calculated by multiplying the current month's distribution by 12 and dividing by the month-end net asset value. IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. yield is calculated by multiplying the current month's distribution by 12 and dividing by the initial public offering price. Prices and yields will vary. The Fund is actively managed and its portfolio composition will vary over time. |
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