BlackRock Corporate High Yield Fund, Inc. is a closed-end fixed income mutual fund managed by BlackRock Advisors, LLC. The fund’s primary objective is to provide shareholders with current income, with a secondary focus on capital appreciation. It invests mainly in a diversified portfolio of fixed income securities that are rated below investment grade, often referred to as high yield or "junk" bonds. These securities include domestic and foreign high yield bonds, corporate loans, convertible debt, and preferred securities that typically carry greater credit risk but also offer the potential for higher yields. The fund targets bonds rated Ba or lower by Moody’s or BB or lower by S&P, spanning a wide range of industries and sectors across global markets. Since its launch in 2003, BlackRock Corporate High Yield Fund, Inc. has played a distinct role in providing access to higher yielding, income-generating opportunities for investors seeking exposure to below investment-grade corporate debt. The fund distributes income through a mix of net investment income, realized gains, and return of capital, while maintaining an active management approach to portfolio construction and risk oversight.
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