Mar. 20 at 5:03 PM
$HYT >> https://finance.yahoo.com/news/blackrock-corporate-high-yield-fund-133000983.html
The Offer is expected to result in the issuance of more than 32 million Common Shares (including Common Shares subscribed pursuant to the over-subscription privilege and notices of guaranteed delivery), resulting in anticipated proceeds to the Fund of approximately
$283 million. The Fund will receive the entire proceeds of the Offer since BlackRock Advisors, LLC, the Fund’s investment adviser, has agreed to pay all expenses related to the Offer. The Fund intends to invest the proceeds of the Offer in accordance with its investment objective and policies.