Early Declaration of Regular Distribution Announced for BlackRock Corporate High Yield Fund, Inc.
The Board of Directors of BlackRock Corporate High Yield Fund, Inc. (HYT) declared an early monthly distribution for October 2022 of $0.077900 per share. Shares purchased after October 3, 2022, will not receive this distribution. Key dates noted are: Declaration on 9/8/2022, Ex-Date on 10/4/2022, Record Date on 10/5/2022, and Payable Date on 10/31/2022. The Fund follows a managed distribution plan, aiming to distribute all available income while adhering to IRS regulations.
- Early declaration of a regular distribution of $0.077900 per share for October.
- Managed distribution plan in place to maintain consistent distributions.
- None.
Declaration-
Fund |
Ticker |
Distribution |
Change From Prior Distribution |
HYT |
|
- |
* In order to comply with the requirements of Section 19 of the Investment Company Act of 1940, as amended (the “1940 Act”), the Fund posted to the DTC bulletin board and sent to its shareholders of record as of the applicable record date a Section 19 notice with the previous distribution payment. The Section 19 notice was provided for informational purposes only and not for tax reporting purposes. This information can be found in the “Closed-End Funds” section of www.blackrock.com. As applicable, the final determination of the source and tax characteristics of all distributions in 2022 will be made after the end of the year.
The Fund has adopted a managed distribution plan (the “Plan”). The fixed amounts distributed per share are subject to change at the discretion of the Fund’s Board of Directors. Under the Plan, the Fund will distribute all available investment income to its shareholders, consistent with its primary investment objectives and as required by the Internal Revenue Code of 1986, as amended (the “Code”). If sufficient investment income is not available on a monthly basis, the Fund will distribute long-term capital gains and/or return capital to its shareholders in order to maintain a level distribution.
The estimated sources of the Fund’s distribution as of
Estimated Allocations as of |
|
|
|
|||||
Fund |
Distribution |
Net Income |
Net Realized Short-Term Gains |
Net Realized Long-Term Gains |
Return of Capital |
|||
HYT |
|
|
|
|
|
|||
Estimated Allocations for the Fiscal Year through |
|||||
Fund |
Distribution |
Net Income |
Net Realized Short-Term Gains |
Net Realized Long-Term Gains |
Return of Capital |
HYT |
|
|
|
|
|
The amounts and sources of distributions reported are only estimates and are not provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.
Fund Performance and Distribution Rate Information: |
|
|
||||
Fund |
Average annual total return (in relation to NAV) for the 5-year period ending on |
Annualized current distribution rate expressed as a percentage of NAV as of |
Cumulative total return (in relation to NAV) for the fiscal year through |
Cumulative fiscal year distributions as a percentage of NAV as of |
|
|
HYT |
|
|
- |
|
|
|
|
|
|
|
|
|
|
Shareholders should not draw any conclusions about the Fund’s investment performance from the amount of the Fund’s current distributions or from the terms of the Plan.
The amount distributed per share under the Plan is subject to change at the discretion of the Fund’s Board. The Plan will be subject to ongoing review by the Board to determine whether the Plan should be continued, modified or terminated. The Board may amend the terms of the Plan or suspend or terminate the Plan at any time without prior notice to the Fund’s shareholders if it deems such actions to be in the best interest of the Fund or its shareholders. The amendment or termination of the Plan could have an adverse effect on the market price of the Fund’s shares.
About BlackRock
BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock
Forward-Looking Statements
This press release, and other statements that BlackRock or the Fund may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to the Fundor BlackRock’s future financial or business performance, strategies or expectations. Forward-looking statements are typically identified by words or phrases such as “trend,” “potential,” “opportunity,” “pipeline,” “believe,” “comfortable,” “expect,” “anticipate,” “current,” “intention,” “estimate,” “position,” “assume,” “outlook,” “continue,” “remain,” “maintain,” “sustain,” “seek,” “achieve,” and similar expressions, or future or conditional verbs such as “will,” “would,” “should,” “could,” “may” or similar expressions.
BlackRock cautions that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Forward-looking statements speak only as of the date they are made, and BlackRock assumes no duty to and does not undertake to update forward-looking statements. Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical performance.
With respect to the Fund, the following factors, among others, could cause actual events to differ materially from forward-looking statements or historical performance: (1) changes and volatility in political, economic or industry conditions, the interest rate environment, foreign exchange rates or financial and capital markets, which could result in changes in demand for the Fundor in the Fund’s net asset value; (2) the relative and absolute investment performance of the Fundand its investments; (3) the impact of increased competition; (4) the unfavorable resolution of any legal proceedings; (5) the extent and timing of any distributions or share repurchases; (6) the impact, extent and timing of technological changes; (7) the impact of legislative and regulatory actions and reformsand regulatory, supervisory or enforcement actions of government agencies relating to the Fundor BlackRock, as applicable; (8) terrorist activities, international hostilities, health epidemics and/or pandemics and natural disasters, which may adversely affect the general economy, domestic and local financial and capital markets, specific industries or BlackRock; (9) BlackRock’s ability to attract and retain highly talented professionals; (10) the impact of BlackRock electing to provide support to its products from time to time; and (11) the impact of problems at other financial institutions or the failure or negative performance of products at other financial institutions.
Annual and Semi-Annual Reports and other regulatory filings of the Fundwith the
View source version on businesswire.com: https://www.businesswire.com/news/home/20220908006007/en/
1-800-882-0052
Source: BlackRock Closed-End Funds
FAQ
What is the distribution amount for BlackRock Corporate High Yield Fund (HYT) for October 2022?
What are the key dates for the October 2022 distribution of HYT?
Will shares purchased after October 3, 2022, receive the October distribution?
When will the November distribution for HYT be declared?
What is the purpose of BlackRock's managed distribution plan?
