BlackRock Corporate High Yield Fund, Inc. $(HYT)$ has announced the successful completion of its transferable rights offering, which expired on January 26, 2026. The offering was over-subscribed, allowing the fund to issue more than 32 million shares of common stock at a final subscription price of $8.68 per share, based on 90% of the net asset value as of the expiration date. The offering is expected to generate approximately $283 million in proceeds, which the fund intends to invest in line with its investment objectives and policies. Shares issued through the offering will be eligible to receive the monthly distribution anticipated in February 2026.
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: 20260126077394) on January 27, 2026, and is solely responsible for the information contained therein.
