Delbos David 4
4 · BLACKROCK CORPORATE HIGH YIELD FUND, INC. · Filed Feb 5, 2026
Research Summary
AI-generated summary of this filing
HYT Portfolio Manager David Delbos Buys 100,000 Shares via Rights Offering
What Happened David Delbos, a portfolio manager, purchased 100,000 common shares of BlackRock Corporate High Yield Fund, Inc. (HYT) at $8.68 per share on 2026-02-03, for a total of $868,000. The shares were acquired by exercising transferrable rights from the fund's rights offering (subscription price $8.68).
Key Details
- Transaction date: 2026-02-03 (reported on Form 4 filed 2026-02-05).
- Transaction type/code: Purchase (P) via exercise of transferrable rights.
- Price and value: $8.68 per share; total value $868,000.
- Shares acquired: 100,000.
- Shares owned after transaction: Not specified in the provided excerpt of the filing.
- Footnote: The rights offering expired Jan 26, 2026; final allocations (including pro‑ration and over‑subscription privilege) were confirmed to exercising holders on Feb 3, 2026.
- Filing timeliness: Reported Feb 5, 2026 (within the typical 2-business-day Form 4 window).
Context This was a purchase executed by exercising transferrable rights from a capital-raising offering, not an options exercise or a sale. Purchases by insiders can be viewed as informative (a buy is often more notable than a sale), but this transaction reflects participation in a structured rights offering with pro‑ration/allocation mechanics rather than an open-market directional bet.
Insider Transaction Report
- Purchase
Common Stock
[F1]2026-02-03$8.68/sh+100,000$868,000→ 205,510.552 total
Footnotes (1)
- [F1]Shares were acquired pursuant to the exercise of rights to acquire common shares in the Fund's transferrable rights offering, which expired on January 26, 2026, at the subscription price of $8.68. The number of common shares acquired was confirmed to exercising rights holders on February 3, 2026, following the pro-ration and allocation of shares pursuant to the over-subscription privilege.