HYT News and Press, Blackrock Corporate High Yield Fund Inc. From 09/23/22

Summary HYT rights offering is announced. The subscription floor has a floor at a -10% discount. This is a 1-for-5 transferable offering. Author's note: This article was released to CEF/ETF Income Laboratory members on September 13, 2022. Please check latest data b...

Summary 14 out of 23 CEF sectors were positive on price and 16 out of 23 sectors were positive on NAV last week. HYT conducts a rights offering. ZTR rights offering has expired. Author's note: This article was released to CEF/ETF Income Laboratory members on Septem...

Summary HYB is a leveraged high yield bond fund. The fund's last report shows that the latest six months showed NII fully covered the payout. Higher interest rates and a softer economic outlook have pushed this fund lower. Written by Nick Ackerman, co-produced by S...

Summary BlackRock Corporate High Yield Fund is a closed end fund focused on high-yield debt. The fund came out yesterday with a rights offering announcement. The offering expires on October 13, 2022 and offers a discounted entry point into the fund, formula dependent on market...

The Board of Directors of BlackRock Corporate High Yield Fund, Inc. (NYSE: HYT, CUSIP: 09255P107) (the “Fund”) today announced the early declaration of a regular monthly distribution for October. Shares of the Fund acquired after October 3, 2022 will not be entitled to the...

BlackRock Advisors, LLC announced today that the Boards of Directors/Trustees of fifty BlackRock municipal, taxable fixed income, equity, and multi-asset closed-end funds (the “Funds”) have authorized the renewal of open market share repurchase programs (the “Repurc...

BlackRock Corporate High Yield Fund, Inc. (NYSE: HYT) (the "Fund") today announced that its Board of Directors (the "Board") has approved the terms of the issuance of transferable rights ("Rights") to the holders of shares of the Fund's common stock (par value $0.10 per share) ("Shares"...

Summary MCR is rather uniquely positioned with short positions through derivatives. The tactical positioning of the fund has provided some protection over the years but more minimal upside. The fund's valuation seems reasonable given the discount and the overall declines acros...

Summary HYI is a non-leveraged fund that operates in the high-yield space. During times of volatility and higher interest rates, no leverage can be a benefit. The fund has put up competitive returns relative to its benchmark. Written by Nick Ackerman, co-produced by St...

Summary With the backing and experience of Ares Credit, ARDC can leverage higher credit spreads in senior loans and CLOs to easily cover the 9% distribution. The monthly dividend was just raised by 5% and the discount to NAV has widened to -8% offering a unique buying opportunity....