BLACKROCK HIGH YIELD TRUST 4
4 · BLACKROCK HIGH YIELD TRUST · Filed Nov 27, 2013
Insider Transaction Report
Form 4
GABBAY HENRY
Director
Transactions
- Other
Common Stock
2013-11-18−100→ 0 total
Footnotes (1)
- [F1]Effective as of November 18, 2013, BlackRock High Yield Trust (the "Target Fund") was reorganized into BlackRock Corporate High Yield Fund VI, Inc. (the "Acquiring Fund," and such reorganization, the "Reorganization"). In the Reorganization, common shareholders of the Target Fund received common shares of the Acquiring Fund having a value equal to the aggregate NAV of the Target Fund common shares surrendered as determined at the close of business on November 15, 2013, less the costs of the Reorganization. As of November 15, 2013, the Target Fund reported a NAV per share of $7.6169 and the Acquiring Fund reported a NAV per share of $12.9229. The conversion ratio for the Target Fund's common shares was 0.58941105. In the Reorganization, Mr. Gabbay received 58 common shares of the Acquiring Fund in exchange for his 100 common shares of the Target Fund.