HYT: A High-Yield Fund At A Discounted Price [Seeking Alpha]
Blackrock Corporate High Yield Fund, Inc. (HYT)
US:NYSE Investor Relations:
blackrock.com/investing/products/240182/blackrock-corporate-high-yield-fund-vi-inc-usd-fund
Company Research
Source: Seeking Alpha
HYT: A High-Yield Fund At A Discounted Price Main Thesis The purpose of this article is to evaluate the BlackRock Corporate High Yield Fund Inc. ( HYT This brings me to HYT, which is a high-yield corporate debt CEF, that sports a discount to NAV that is close to double digits. In addition to the discounted valuation, the fund has maintained a steady income stream since last June, when it raised its distribution by about 3%. Furthermore, from a macro perspective, high-yield debt has performed very strongly in 2019, due to multiple underlying conditions that continue today. Interest rates remain low, corporate profits are strong, new issuance has declined (helping to limit outstanding supply), and interest coverage has improved. All of these factors should help high-yield securities perform well in the second half of the year. Background First, a little about HYT. The fund's primary objective is "to provide shareholders with current income," with a secondary objective to "provide shareh
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Sec Filings
- 3/14/24 - Form N-CEN
- 3/6/24 - Form N-CSR
- 2/26/24 - Form NPORT-P
- HYT's page on the SEC website