Director at BlackRock Corporate High Yield (NYSE: HYT) sells 440 rights

Rhea-AI Filing Summary

BlackRock Corporate High Yield Fund, Inc. director Carl W. Kester reported a sale of transferable subscription rights in the fund. On January 12, 2026, he disposed of 440 transferable subscription rights at a price of $0.01 per right, reducing his holdings of these derivative securities to zero. Each right related to the fund’s previously announced pro rata rights offering to common shareholders.

The footnote explains that on December 15, 2025, the fund announced a rights offering for up to 32,609,596 common shares, with record date shareholders on January 2, 2026 receiving one right for each outstanding common share. Holders may purchase one new common share for every five rights, with an estimated subscription price of $8.69 per share, and the reported rights sale corresponded to 88 underlying common shares.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

KESTER W CARL

(Last) (First) (Middle)

50 HUDSON YARDS

(Street)

NEW YORK NY 10001

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BLACKROCK CORPORATE HIGH YIELD FUND, INC. [ HYT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/12/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Transferable Subscription Rights (Right to Buy)(1)	(1)	01/12/2026		S			440	01/02/2026	01/26/2026	Common Stock	88	$0.01	0	D

Explanation of Responses:

1. On December 15, 2025, BlackRock Corporate High Yield Fund, Inc. (the "Fund") announced the terms of a pro rata offering of transferable subscription rights (the "Rights") to holders of the Fund's common shares as of the record date of January 2, 2026 ("Record Date Shareholders"), entitling the holders of such Rights to subscribe for up to an aggregate of 32,609,596 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 close of business on the Record Date will be entitled to subscribe for one common share. The estimated subscription price per common share is $8.69.

	/s/ Gladys Chang as Attorney-in-Fact	01/13/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did HYT director Carl W. Kester report?

Carl W. Kester, a director of BlackRock Corporate High Yield Fund, Inc. (HYT), reported disposing of 440 transferable subscription rights on January 12, 2026. These rights were linked to the fund’s rights offering to common shareholders.

What security was involved in the HYT Form 4 insider transaction?

The transaction involved transferable subscription rights (Right to Buy), a derivative security that allowed the holder to subscribe for the fund’s common shares in connection with its rights offering.

How many rights and underlying HYT shares were affected in this Form 4?

The Form 4 shows that 440 transferable subscription rights were disposed of, corresponding to 88 underlying common shares of BlackRock Corporate High Yield Fund, Inc., based on the rights offering ratio.

What price was received for the HYT transferable subscription rights?

The reported transaction price for the transferable subscription rights was $0.01 per right.

What are the key terms of BlackRock Corporate High Yield Fund’s rights offering?

The fund announced a pro rata rights offering for up to 32,609,596 common shares. Record date shareholders as of January 2, 2026 received one right per outstanding common share and may purchase one new common share for every five rights, with an estimated subscription price of $8.69 per share. Shareholders with fewer than five common shares on the record date are entitled to subscribe for one common share.

Did Carl W. Kester hold any HYT subscription rights after the reported transaction?

No. After disposing of 440 transferable subscription rights, the Form 4 indicates that zero such derivative securities were beneficially owned following the transaction.

How is Carl W. Kester related to BlackRock Corporate High Yield Fund, Inc.?

According to the Form 4, Carl W. Kester is a director of BlackRock Corporate High Yield Fund, Inc. and is not reported as an officer or 10% owner in this filing.