BlackRock Corporate High Yield Fund Announces Rights Offering for Discounted Shares

Reuters12-16 05:30

BlackRock Corporate High Yield Fund Announces Rights Offering for Discounted Shares

BlackRock Corporate High Yield Fund, Inc. $(HYT)$ has announced the terms of a transferable rights offering to holders of its common stock as of January 2, 2026. Shareholders will receive rights to subscribe for additional shares at a discount to market price. The rights are transferable and expected to trade on the NYSE under the symbol "HYT RT" until January 23, 2026. BlackRock will cover all offering expenses. The new shares issued through this offer will be eligible for the February 2026 monthly distribution, but not for the January 2026 distribution. The fund anticipates the offering will benefit shareholders by providing the opportunity to purchase shares below market value or realize value by selling their rights, while also enhancing fund liquidity and operational scale.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Blackrock Corporate High Yield Fund Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251215392253) on December 15, 2025, and is solely responsible for the information contained therein.

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Shareholders will receive rights to subscribe for additional shares at a discount to market price. The rights are transferable and expected to trade on the NYSE under the symbol \"HYT RT\" until January 23, 2026. BlackRock will cover all offering expenses. The new shares issued through this offer will be eligible for the February 2026 monthly distribution, but not for the January 2026 distribution. The fund anticipates the offering will benefit shareholders by providing the opportunity to purchase shares below market value or realize value by selling their rights, while also enhancing fund liquidity and operational scale.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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