Managed High Yield Plus Fund Inc. – Reports Earnings
January 29 2013 - 5:05PM
Business Wire
Managed High Yield Plus Fund Inc. (NYSE: HYF) (the “Fund”), 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 second quarter and fiscal
year-to-date ended November 30, 2012.
For the second quarter ended November 30, 2012, the Fund's
earnings from net investment income were $2,975,706, equal to $0.05
per share. Total net realized and unrealized gains from investment
activities were $2,504,647, equal to $0.04 per share, for the same
period. This compares to earnings from net investment income of
$3,048,058, equal to $0.05 per share, and total net realized and
unrealized losses from investment activities of $(3,894,360), equal
to $(0.06) per share, for the second quarter ended November 30,
2011.
For the six months ended November 30, 2012, the Fund's earnings
from net investment income were $5,702,365, equal to $0.09 per
share. Total net realized and unrealized gains from investment
activities were $6,726,080, equal to $0.11 per share, for the same
period. This compares to earnings from net investment income of
$6,297,273, equal to $0.10 per share, and total net realized and
unrealized losses from investment activities of $(15,638,798),
equal to $(0.25) per share, for the six months ended November 30,
2011.
On November 30, 2012, net assets of the Fund were $137,977,506.
The net asset value per share was $2.22, based on 62,153,062 shares
outstanding, which represents an increase of 11.56% from the net
asset value per share of $1.99 ($123,750,717 applicable to
62,065,408 shares outstanding) on November 30, 2011.
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