HYT News and Press, Blackrock Corporate High Yield Fund Inc. From 10/24/22

Summary 0 out of 23 CEF sectors are positive on price and 0 out of 23 sectors are positive on NAV over the last week. BlackRock CEFs are repurchasing their shares. Author's note: This article was released to CEF/ETF Income Laboratory members on October 18th, 2022. Plea...

Summary HYT has announced its rights offering results. Subscribers received a slim discount to the market price. Undersubscription plus 1-for-5 offer meant that NAV/share dilution is minimal. Author's note: This article was released to CEF/ETF Income Laboratory mem...

Summary HYT finalized its rights offering on October 13, 2022. The rights offering is expected to result in the issuance of more than 20.3 million new shares. The take-out amounts to around 15% of the fund's existing unencumbered assets. This article covers CEFs from our s...

BlackRock Corporate High Yield Fund, Inc. (NYSE: HYT) (the "Fund") today announced the successful completion of its transferable rights offer (“the Offer”). The Offer commenced on September 20, 2022, and expired on October 13, 2022. The Offer entitled rights holders to...

Summary I have often compared CNBC to the ESPN sports network, with panels of experts giving non-stop commentary on the sports or financial worlds. Both have the same business model: get viewers addicted so they'll watch all the time, regardless of whatever is happening. Unfor...

Summary 2 out of 23 CEF sectors positive on price and 0 out of 23 sectors positive on NAV last week. Tortoise tender offers are live. RIV rights offering. NCZ postpones its distribution. Author’s note: This article was released to CEF/ETF Income Lab...

Summary 0 out of 23 CEF sectors positive on price and 1 out of 23 sectors positive on NAV last week. OPP rights offering results. FEO will liquidate. Author's note: This article was released to CEF/ETF Income Laboratory members on September 29, 2022. Please check l...

Summary HIPS is a high-yield ETF with a portfolio diversified in CEFs, MLPs, mortgage REITs, and BDCs. The yield is very attractive, but price history shows a steep capital decay. The problem is structural: the 4 asset categories of its portfolio have the same issue. An al...

Summary 0 out of 23 CEF sectors positive on price and 1 out of 23 sectors positive on NAV last week. Real estate CEFs lag. OPP rights offering expires. Author’s note: This article was released to CEF/ETF Income Laboratory members on September 21, 2022. Pleas...

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...