Insider trades 10,042 rights at BlackRock Corporate High Yield (NYSE: HYT)
Rhea-AI Filing Summary
BlackRock Corporate High Yield Fund, Inc. director Catherine A. Lynch reported selling 10,042 transferable subscription rights on January 12, 2026 at $0.01 per right, leaving her with no derivative securities of this type directly owned after the transaction.
These rights stem from the Fund’s previously announced pro rata rights offering, which allows record date shareholders as of January 2, 2026 to subscribe for up to an aggregate of 32,609,596 common shares. Holders received one right for each common share they owned and can purchase one new common share for every five rights, with an estimated subscription price of $8.69 per share.
Positive
- None.
Negative
- None.
FAQ
What insider transaction did HYT report in this Form 4?
The Form 4 reports that director Catherine A. Lynch sold 10,042 transferable subscription rights on January 12, 2026 at a price of $0.01 per right, leaving her with no such derivative securities directly owned afterward.
What are the transferable subscription rights described for HYT?
The transferable subscription rights entitle holders to purchase HYT’s common shares under a rights offering. Shareholders of record on January 2, 2026 received one right for each outstanding whole common share they held.
How many HYT common shares can be subscribed for in the rights offering?
The rights offering permits record date shareholders to subscribe for up to an aggregate of 32,609,596 common shares of BlackRock Corporate High Yield Fund, Inc. using the transferable subscription rights.
What is the subscription ratio for HYT’s rights offering?
Holders of the rights can purchase one new common share for every five rights they hold. Any shareholder owning fewer than five common shares as of the record date is entitled to subscribe for one common share.
What is the estimated subscription price per HYT share in the rights offering?
The estimated subscription price for each new HYT common share under the rights offering is $8.69.
Who is the reporting person in this HYT insider filing and what is their role?
The reporting person is Catherine A. Lynch, who is identified as a director of BlackRock Corporate High Yield Fund, Inc. in the filing.