HYF Managed High Yield Plus Fund, Inc.

Managed High Yield Plus Fund Inc. (the "Fund") (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 $0.0135 per share. The dividend is payable on April 30, 2015 to shareholders of record as of April 23, 2015. The ex-dividend date is April 21, 2015.

The Fund seeks high income and, secondarily, capital appreciation, primarily through investments in lower-rated, income producing debt and related equity securities.

 

Characteristics as of March 31, 2015*

      Net Asset Value per share  

$

2.17

Market Price per share  

$

1.92

NAV Yield     7.47% Market Yield     8.44%

* 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.

Availability of supplemental QII tax information. The Fund has provided supplemental tax information that may be of interest to certain non-US investors who held Fund shares during the last calendar year. The Fund has designated a percentage of its distributions as "qualified interest income" in accordance with tax regulations and as explained in more detail in the supplemental information available at http://www.ubs.com/closedendfundsinfo.

Any performance information reflects the deduction of the Fund’s fees and expenses, as indicated in its shareholder reports, such as management fees, custody fees, exchange listing fees, etc. It does not reflect any transaction charges that a shareholder may incur when (s)he buys or sells shares (e.g., a shareholder’s brokerage commissions).

Investing in the Fund entails specific risks, such as interest rate risk, the greater credit risks inherent in investing primarily in lower-rated, higher-yielding bonds as well as the increased risk of using leverage (that is, borrowing money to invest in additional portfolio securities). Further detailed information regarding the Fund, including a discussion of principal objectives, principal investment strategies and principal risks, may be found in the fund overview located at http://www.ubs.com/closedendfundsinfo. You may also request copies of the fund overview by calling the Closed-End Funds Desk at 888-793 8637.

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UBS Global Asset ManagementClosed-End Funds Desk: 888-793 8637ubs.com