BlackRock Corporate High Yield Fund Announces Rights Offering to Raise Additional Assets

BlackRock Corporate High Yield Fund has announced a transferable rights offering, allowing shareholders to purchase additional shares at a discount to the market price. The fund's board and investment adviser believe this is an attractive time to raise additional assets, citing favorable market dynamics, increased concentration of stable companies in the high yield market, and potential for enhanced liquidity. The fund expects to maintain its current distribution level after the offering.