| Business Summary | | The
High
Yield
Plus
Fund,
Inc.
was
organized
as
a
diversified,
closed-end
management
investment
company.
The
Fund's
primary
objective
is
to
provide
a
high
level
of
current
income
to
shareholders.
The
Fund
seeks
to
achieve
this
objective
through
investment
in
publicly
or
privately
offered
high
yield
debt
securities
rated
in
the
medium
to
lower
categories
by
recognized
rating
services
or
non-rated
securities
of
comparable
quality.
As
a
secondary
investment
objective,
the
Fund
will
seek
capital
appreciation,
but
only
when
consistent
with
its
primary
objective.
The
Fund
has
agreements
with
the
Investment
Adviser
and
with
Prudential
Investments
Fund
Management
LLC. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | HYP
is
a
diversified,
closed-end
investment
company.
The
Fund's
primary
objective
is
to
provide
a
high
level
of
current
income
to
shareholders
through
investment
in
publicly
or
privately
offered
high
yield
debt
securities.
For
the
fiscal
year
ended
3/31/01,
investment
income
totalled
$15.9
million.
Net
investment
income
totalled
$12.4
million.
Net
decrease
in
net
assets
resulting
from
operations
totalled
$8.2
million.
Net
asset
value
per
share
totalled
$5.02. | More
from
Market Guide: Significant
Developments |
| | |
| Position | Thomas Mooney, 58 | Pres,
Treasurer | Arthur Brown, 51 | Sec. | R. Charles Miller, 42 | Assistant
Sec. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|