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Managed High Yield Plus Fund, Inc. operates as a closed-end, diversified management investment company. It primarily invests in wireless telecommunications, chemicals, gaming, publishing, and cable sectors. UBS Global Asset Management (US), Inc. serves as the manager of the fund. As a regulated investment company, the fund is required to distribute substantially all of its taxable income. Accordingly, no provision for federal income taxes is required. The fund was incorporated in Maryland in April 1998 and has principal offices in New York City, New York.
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