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Managed High Yield Plus Fund
Ticker Symbol: HYF* CUSIP: 561911108 Exchange: NYSE
* NOTE: This security is no longer trading as of 6/22/2016
FUND DESCRIPTION: Managed High Yield Plus Fund, Inc. is an exchange-traded closed-end fund or a closed-end ETF which is described in its prospectus as a non-diversified, closed-end management investment company. INVESTMENT OBJECTIVE: The Fund's primary investment objective is to seek high income. Its secondary objective is to seek capital appreciation. FUND STRATEGY: The Fund will seek to achieve these objectives by investing primarily in a professionally managed, diversified portfolio of lower-rated, income-producing debt and related equity securities. Under normal market conditions, the Fund will invest at least 65% of its total assets in: (i) income-producing debt securities that are rated below investment grade (lower than a Baa rating by Moody's, lower than a BBB rating by Standard & Poor's or comparably rated by another nationally recognized rating agency) or that are unrated and that the Fund's investment adviser has determined to be of comparable quality; and (ii) equity securities (including common stocks and rights and warrants for equity securities) that are attached to, or are part of a unit including, such debt securities. FUND MANAGEMENT: The Fund’s investment advisor and administrator is UBS Global Asset Management (Americas) Inc., an indirect wholly owned asset management subsidiary of UBS AG (NYSE: UBS).
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Notes: June 16, 2016 -- Managed High Yield Plus Fund Inc. 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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IPO - 6/25/1998 - 26.70 Million Shares @ $15.00/share.
Link to IPO Prospectus
Small Cap Stock -
Market Value $277.0 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Address and Phone Numbers |
| Address: One N. Wacker Drive, Chicago, IL 60606 |
| Main Phone Number |
312-525-5000 |
| Fax Number |
Not Available |
| Investor Contact
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888-793-8637
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| Toll Free Phone Number |
888-793-8637 |
| PRS - Kai R. Sotorp |
TRS - Thomas Disbrow |
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