5,899,602 Shares in BlackRock Corporate High Yield Fund, Inc. $HYT Bought by Rivernorth Capital Management LLC

Rivernorth Capital Management LLC acquired a new stake in shares of BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 5,899,602 shares of the investment management company’s stock, valued at approximately $50,265,000. BlackRock Corporate High Yield Fund comprises 2.5% of Rivernorth Capital Management LLC’s holdings, making the stock its 4th largest position.

A number of other hedge funds have also recently modified their holdings of HYT. Newbridge Financial Services Group Inc. purchased a new position in shares of BlackRock Corporate High Yield Fund during the 3rd quarter valued at approximately $28,000. Kestra Advisory Services LLC purchased a new stake in BlackRock Corporate High Yield Fund during the fourth quarter worth $33,000. Main Street Group LTD purchased a new stake in BlackRock Corporate High Yield Fund during the first quarter worth $34,000. EverSource Wealth Advisors LLC grew its position in BlackRock Corporate High Yield Fund by 47.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 4,354 shares of the investment management company’s stock valued at $39,000 after buying an additional 1,399 shares during the period. Finally, Harbour Investments Inc. grew its position in BlackRock Corporate High Yield Fund by 634.7% during the fourth quarter. Harbour Investments Inc. now owns 7,935 shares of the investment management company’s stock valued at $71,000 after buying an additional 6,855 shares during the period.

BlackRock Corporate High Yield Fund Trading Up 0.2%

Shares of BlackRock Corporate High Yield Fund stock opened at $8.32 on Wednesday. The firm has a 50-day simple moving average of $8.52 and a two-hundred day simple moving average of $8.64. BlackRock Corporate High Yield Fund, Inc. has a fifty-two week low of $8.22 and a fifty-two week high of $9.88.

BlackRock Corporate High Yield Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $0.0779 dividend. This represents a c) annualized dividend and a dividend yield of 11.2%. The ex-dividend date is Tuesday, September 15th.

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.