Ionic Capital Management LLC Purchases New Shares in BlackRock Corporate High Yield Fund, Inc. $HYT

Ionic Capital Management LLC bought a new stake in shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 65,000 shares of the investment management company’s stock, valued at approximately $578,000.

Several other large investors have also recently made changes to their positions in HYT. Yakira Capital Management Inc. purchased a new stake in shares of BlackRock Corporate High Yield Fund during the 4th quarter valued at $7,986,000. Jane Street Group LLC increased its position in shares of BlackRock Corporate High Yield Fund by 479.0% during the 4th quarter. Jane Street Group LLC now owns 370,951 shares of the investment management company’s stock valued at $3,301,000 after purchasing an additional 306,884 shares during the last quarter. Readystate Asset Management LP increased its position in shares of BlackRock Corporate High Yield Fund by 671.7% during the 3rd quarter. Readystate Asset Management LP now owns 309,263 shares of the investment management company’s stock valued at $2,938,000 after purchasing an additional 269,189 shares during the last quarter. Polar Asset Management Partners Inc. purchased a new stake in shares of BlackRock Corporate High Yield Fund during the 3rd quarter valued at $2,031,000. Finally, LPL Financial LLC increased its position in shares of BlackRock Corporate High Yield Fund by 12.9% during the 4th quarter. LPL Financial LLC now owns 1,363,639 shares of the investment management company’s stock valued at $12,136,000 after purchasing an additional 156,073 shares during the last quarter.

BlackRock Corporate High Yield Fund Stock Down 0.5%

Shares of BlackRock Corporate High Yield Fund stock opened at $8.51 on Thursday. BlackRock Corporate High Yield Fund, Inc. has a 1 year low of $8.22 and a 1 year high of $9.88. The stock has a fifty day moving average price of $8.60 and a 200-day moving average price of $8.77.

BlackRock Corporate High Yield Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.0779 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 11.0%.

About BlackRock Corporate High Yield Fund

BlackRock Corporate High Yield Fund (NYSE: HYT) is a diversified, closed-end management investment company designed to offer investors exposure to the credit market’s higher-yielding segment. The fund primarily seeks to generate high current income by investing in below-investment-grade corporate debt securities across a broad range of industries. It may also allocate a portion of its assets to investment-grade bonds and cash equivalents, allowing for flexible portfolio positioning in response to market conditions.

HYT’s investment strategy emphasizes bottom-up credit research, focusing on issuers with strong cash flow potential and sound balance sheets relative to their high-yield peers.