IPO Company Profile
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Managed High Yield Plus Fund, Inc.
1285 Avenue of the Americas, New York, NY 10019 * (212) 713-2000

The company is a closed end investment company. The company's primary objective is to seek high income. Its secondary investment objective is to seek capital appreciation.

Primary Underwriting Group
ManagerTierPhone
PaineWebber IncorporatedLead Manager (212) 713-2626

Offering Information
NYSE:HYF Financial: SIC 6726
Type of Shares:Common Shares Filing Date:4/24/98
U.S. Shares:26,700,000 Offer Date:6/25/98
Non-U.S. Shares:0 Filing Price:$15.00
Primary Shares:26,700,000 Offer Price:$15.00
Secondary Shares:0 Gross Spread:
Offering Amount: $400,500,000 Selling:
Expenses: - Reallowance:
Post-IPO Shares: -
Type of fund: High Yield Bond

Legal Counsel, Auditor and Registrar
Issuer's Law Firm: Kirkpatrick & Lockhart
Bank's Law Firm: Skadden, Arps, Slate, Meagher & Flom
Auditor: Ernst & Young

Use of Proceeds
The proceeds from the proposed offering will be invested in accordance with the investment objectives of the Fund.

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