W. Carl Kester - Sep 30, 2022 Form 4 Insider Report for BLACKROCK CORPORATE HIGH YIELD FUND, INC. (HYT)

Role: Director
Signature: /s/ Janey Ahn as Attorney-in-Fact
Stock symbol: HYT
Transactions as of: Sep 30, 2022
Transactions value $: $0
Form type: 4
Date filed: 10/4/2022, 02:48 PM
Previous filing: Jul 6, 2022
Next filing: Oct 26, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HYT	Common Stock	Exercise of in-the-money or at-the-money derivative security		+73	+19.89%		440	Sep 30, 2022	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	HYT	Transferable Subscription Rights (Right to Buy)	Exercise of in-the-money or at-the-money derivative security		-367	-100%		0	Sep 30, 2022	Common Stock	73		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On September 8, 2022, BlackRock Corporate High Yield Fund, Inc. (the "Fund") announced the terms of a pro rata offering of transferable rights (the "Rights") to holders of the Fund's common shares, as of the record date of September 20, 2022 ("Record Date Shareholder"), entitling the holders of such rights to subscribe for up to an aggregate of 24,463,440 of the Fund's common shares (the "Rights Offering"). Record Date Shareholders received one Right for each outstanding whole common share held on the record date. The Rights entitle their holders to purchase one new common share for every five Rights held; however, any Record Date Shareholder who owns fewer than five common shares as of the Record Date will be entitled to subscribe for one common share. The estimated subscription price per common share is $8.77.

Content

On September 8, 2022, BlackRock Corporate High Yield Fund, Inc. (the "Fund") announced the terms of a pro rata offering of transferable rights (the "Rights") to holders of the Fund's common shares, as of the record date of September 20, 2022 ("Record Date Shareholder"), entitling the holders of such rights to subscribe for up to an aggregate of 24,463,440 of the Fund's common shares (the "Rights Offering"). Record Date Shareholders received one Right for each outstanding whole common share held on the record date. The Rights entitle their holders to purchase one new common share for every five Rights held; however, any Record Date Shareholder who owns fewer than five common shares as of the Record Date will be entitled to subscribe for one common share. The estimated subscription price per common share is $8.77.