Business Services Industry

Managed High Yield Plus Fund Inc. — Dividend Declaration and Updated Price & Yield Information

Business Wire, Nov 12, 2007

NEW YORK -- 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 $0.0400 per share. The dividend is payable on November 30, 2007 to shareholders of record as of November 23, 2007.

The ex-dividend date is November 20, 2007. 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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