Delbos David 4

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.