BlackRock Corporate High Yield Fund, Inc. Overview
Pro stress-test →BlackRock Corporate High Yield Fund, Inc. (HYT) is a closed-end fund with a primary investment objective to provide shareholders with current income through investing at least 80% of its assets in high yield securities, including high yield bonds, corporate loans, convertible debt securities, and preferred securities below investment grade quality. The fund operates as a publicly traded investment vehicle offering monthly distributions to shareholders.
Strategic Profile
Pro stress-test →The fund completed a significantly over-subscribed rights offering in January 2026, issuing more than 32 million shares and raising approximately $283 million in capital. As of April 2026, the fund maintained a market capitalization of $1.67B with strong dividend income of $0.93 per share. The fund has earned a Morningstar Bronze medal rating as of May 2026, placing it among 28 high yield bond funds based on risk-adjusted total returns.
Competitive Landscape
Pro stress-test →BlackRock Corporate High Yield Fund competes within the closed-end high-yield bond fund category. Primary competitors include other BlackRock high-yield closed-end funds and rival fund managers offering similar below-investment-grade fixed income strategies. The fund's advantage lies in BlackRock's institutional scale, brand recognition, and professional management, while competing on yield, distributions, and capital appreciation potential.
Industry Context
BlackRock Corporate High Yield Fund, Inc. operates in Closed-End Fixed Income Funds.
Key facts
Founded: 2003 · Headquarters: New York, US · Revenue: $146.19M · Market cap: $1.67B