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BLACKROCK CORPORATE HIGH YIELD FUND, INC.

Regulatory Filings Jul 26, 2016

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N-Q 1 d196903dnq.htm BLACKROCK CORPORATE HIGH YIELD FUND, INC. BLACKROCK CORPORATE HIGH YIELD FUND, INC.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number: 811-21318

Name of Fund: BlackRock Corporate High Yield Fund, Inc. (HYT)

Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809

Name and address of agent for service: John M. Perlowski, Chief Executive Officer, BlackRock Corporate

High Yield Fund, Inc., 55 East 52 nd Street, New York, NY 10055

Registrant’s telephone number, including area code: (800) 882-0052, Option 4

Date of fiscal year end: 08/31/2016

Date of reporting period: 05/31/2016

Item 1 – Schedule of Investments

Consolidated Schedule of Investments May 31, 2016 (Unaudited) BlackRock Corporate High Yield Fund, Inc. (HYT) (Percentages shown are based on Net Assets)

Common Stocks Value
Capital Markets — 1.7%
American Capital Ltd. (a) 1,522,327 $ 24,448,572
Uranium Participation Corp. (a) 176,860 579,935
25,028,507
Chemicals — 0.1%
Advanced Emissions Solutions, Inc. (a) 168,580 1,272,779
Consumer Finance — 1.4%
Ally Financial, Inc. (a) 1,126,277 20,205,409
Diversified Financial Services — 0.0%
Concrete Investments II S.C.A. 4,997 —
Kcad Holdings I Ltd. (a) 2,223,465,984 22,235
22,235
Diversified Telecommunication Services — 0.0%
Broadview Networks Holdings, Inc. (a) 192,400 298,219
Energy Equipment & Services — 0.1%
Laricina Energy Ltd. (a)(b) 211,764 2
Osum Oil Sands Corp. (a)(b) 400,000 921,737
921,739
Hotels, Restaurants & Leisure — 0.4%
Amaya, Inc. (a) 377,280 5,607,341
Media — 0.0%
Emmis Communications Corp., Class A (a) 28,840 15,144
Metals & Mining — 0.1%
Peninsula Energy Ltd. (a) 2,051,920 962,251
Oil, Gas & Consumable Fuels — 0.5%
Denbury Resources, Inc. (a) 138,760 531,451
Gener8 Maritime Corp. 965,338 6,979,393
7,510,844
Real Estate Investment Trusts (REITs) — 0.0%
MGM Growth Properties LLC (a) 3,465 79,695
Ovation Acquisition I LLC, (Acquired 12/29/15, cost $187,463) (c) 12,175 12,175
91,870
Semiconductors & Semiconductor Equipment — 0.0%
SunPower Corp. (a) 1,025 17,968
Wireless Telecommunication Services — 0.2%
T-Mobile U.S., Inc. (a) 59,550 2,546,358
Total Common Stocks — 4.5% 64,500,664
Asset-Backed Securities (d)(e) — 2.4% Value
ALM Loan Funding, Series 2013-7RA:
Class C, 4.09%, 4/24/24 USD 2,340 $ 2,232,002
Class D, 5.64%, 4/24/24 2,360 2,217,127
ALM VII R-2, Ltd., Series 2013-7R2A, Class C, 4.09%, 4/24/24 500 476,920
ALM XII Ltd., Series 2015-12A:
Class C1, 4.38%, 4/16/27 1,500 1,357,650
Class D, 6.13%, 4/16/27 250 210,980
ALM XIV Ltd., Series 2014-14A, Class C, 4.08%, 7/28/26 500 461,822
AMMC CLO 18, Ltd., Series 2016-18A, Class D, 5.67%, 5/26/28 500 477,500
AMMC CLO IX, Ltd., Series 2011-9A:
Class DR, 6.28%, 1/15/22 1,000 1,000,000
Class ER, 8.28%, 1/15/22 1,000 971,030
AMMC CLO Ltd., Series 2014-15A, Class C1, 4.10%, 12/09/26 1,000 992,500
Apidos CLO XVIII, Series 2014-18A, Class C, 4.29%, 7/22/26 550 497,631
Atlas Senior Loan Fund V Ltd., Series 2014-1A:
Class C, 3.63%, 7/16/26 250 245,242
Class D, 4.08%, 7/16/26 250 220,032
Avalon IV Capital Ltd., Series 2012-1AR, Class CR, 3.14%, 4/17/23 850 843,171
Benefit Street Partners CLO, Ltd., Series 2014-IVA, Class C,
4.13%, 7/20/26 500 451,567
BlueMountain CLO Ltd.:
Series 2014-1A, Class C, 3.39%, 4/30/26 1,000 976,233
Series 2015-1A, Class D, 6.08%, 4/13/27 750 637,910
Carlyle Global Market Strategies CLO Ltd., Series 2014-5A, Class C, 4.78%, 10/16/25 1,000 936,806
Cedar Funding, Ltd., Series 2014-3A, Class D, 4.19%, 5/20/26 535 488,054
CIFC Funding Ltd.:
Series 2011-1A, Class D, 5.63%, 1/19/23 750 744,885
Series 2014-2A, Class A3L, 3.51%, 5/24/26 500 489,166

BLACKROCK CORPORATE HIGH YIELD FUND, INC. MAY 31, 2016 1

Consolidated Schedule of Investments (continued) BlackRock Corporate High Yield Fund, Inc. (HYT)

Asset-Backed Securities Value
Asset-Backed Securities (continued)
CIFC Funding Ltd. (continued):
Series 2014-3A, Class C1, 3.44%, 7/22/26 USD 500 $ 484,991
Dryden Senior Loan Fund, Series 2014-36A, Class D, 4.38%, 11/09/25 1,000 887,709
HPS Loan Management 9-2016, Ltd., Series 9A-2016, Class D2, 7.08%, 7/19/27 (f) 800 720,960
LCM X LP, Series 10AR, Class ER, 5.82%, 4/15/22 1,000 916,328
LCM XIII LP, Series 13A, Class D, 4.43%, 1/19/23 500 454,932
Madison Park Funding Ltd.:
Series 2012-8AR, Class CR, 3.10%, 4/22/22 500 499,829
Series 2012-8AR, Class DR, 4.15%, 4/22/22 250 244,497
Series 2014-14A, Class D, 4.23%, 7/20/26 500 451,770
Mill Creek II CLO, Ltd., Series 2016-1A, Class E, 8.37%, 4/20/28 500 482,500
Neuberger Berman CLO XVII Ltd., Series 2014-17A, Class D, 4.19%, 8/04/25 500 453,083
Neuberger Berman CLO XVIII Ltd., Series 2014-18A:
Class B, 3.78%, 11/14/25 500 494,244
Class C, 4.38%, 11/14/25 1,500 1,331,552
Octagon Investment Partners 26 Ltd., Series 2016-1A, Class D, 5.57%, 4/15/27 500 494,841
Octagon Investment Partners XII Ltd., Series 2012-1AR, Class
ER, 5.78%, 5/05/23 1,200 1,086,528
Octagon Investment Partners XXII Ltd., Series 2014-1A:
Class C1, 3.89%, 11/25/25 1,000 994,148
Class D1, 4.54%, 11/25/25 1,000 894,974
OneMain Financial Issuance Trust, Series 2015-2A:
Class C, 4.32%, 7/18/25 200 190,565
Class D, 5.64%, 7/18/25 200 190,927
OZLM IX Ltd., Series 2014-9A, Class C, 4.23%, 1/20/27 1,000 887,148
OZLM XII Ltd., Series 2015-12A, Class D, 6.04%, 4/30/27 250 201,345
Sound Point CLO Ltd., Series 2014-3A, Class D, 4.24%, 1/23/27 1,250 1,097,995
Asset-Backed Securities Value
Asset-Backed Securities (continued)
Symphony CLO Ltd., Series 2016-17A, Class D, 5.52%, 4/15/28 USD 250 $ 246,735
Venture XIII CLO Ltd., Series 2013-13A, Class D, 4.21%, 6/10/25 1,000 906,380
Venture XIX CLO Ltd., Series 2014-19A, Class C, 3.93%, 1/15/27 700 696,052
Voya CLO Ltd., Series 2014-4A, Class C, 4.63%, 10/14/26 1,750 1,582,836
Total Asset-Backed Securities — 2.4% 33,821,097
Corporate Bonds
Aerospace & Defense — 1.8%
Accudyne Industries Borrower/Accudyne Industries LLC, 7.75%, 12/15/20 (e) 2,663 2,210,290
Bombardier, Inc. (e):
7.50%, 3/15/18 337 343,740
5.50%, 9/15/18 880 862,400
6.00%, 10/15/22 872 745,560
7.50%, 3/15/25 3,027 2,663,760
KLX, Inc., 5.88%, 12/01/22 (e) 1,700 1,674,500
Meccanica Holdings USA, Inc. (e):
6.25%, 7/15/19 100 109,250
6.25%, 1/15/40 100 96,750
TransDigm, Inc.:
5.50%, 10/15/20 1,563 1,600,121
6.00%, 7/15/22 7,850 7,987,375
6.50%, 7/15/24 4,160 4,243,200
6.38%, 6/15/26 (e)(f) 2,912 2,915,640
25,452,586
Air Freight & Logistics — 0.7%
Air Medical Merger Sub Corp., 6.38%, 5/15/23 (e) 1,321 1,291,278
National Air Cargo Group, Inc.:
11.88%, 5/02/18 616 616,190
11.88%, 5/08/18 635 634,797
XPO Logistics, Inc.:
7.88%, 9/01/19 (e) 2,958 3,076,320
5.75%, 6/15/21 EUR 150 161,175
6.50%, 6/15/22 (e) USD 4,105 3,940,800
9,720,560

2 BLACKROCK CORPORATE HIGH YIELD FUND, INC. MAY 31, 2016

Consolidated Schedule of Investments (continued) BlackRock Corporate High Yield Fund, Inc. (HYT)

Corporate Bonds Value
Airlines — 2.0%
American Airlines Pass-Through Trust, Series 2013-2, Class C,
6.00%, 1/15/17 (e) USD 6,336 $ 6,430,958
Continental Airlines Pass-Through Trust, Series 1997-4, Class B,
6.90%, 7/02/18 106 108,229
Delta Air Lines Pass-Through Trust, Series 2009-1, Class B,
9.75%, 6/17/18 742 771,917
Norwegian Air Shuttle ASA Pass-Through Trust, Series 2016-1, Class B, 7.50%, 5/10/25 (e) 1,895 1,876,050
US Airways Pass-Through Trust:
Series 2012-2, Class C, 5.45%, 6/03/18 5,720 5,877,300
Series 2013-1, Class B, 5.38%, 5/15/23 4,764 4,900,278
Virgin Australia Trust, Series 2013-1 (e):
Class C, 7.13%, 10/23/18 5,081 5,080,601
Class D, 8.50%, 10/23/16 3,403 3,438,611
28,483,944
Auto Components — 2.0%
CNH Industrial Finance Europe SA, 2.88%, 5/17/23 EUR 725 797,596
Dakar Finance SA, (9.75% Cash PIK), 9.00%, 11/15/20 (g) 325 359,803
Dana Holding Corp., 6.75%, 2/15/21 USD 200 207,000
Faurecia, 3.63%, 6/15/23 EUR 300 341,723
Fiat Chrysler Finance Europe:
4.75%, 3/22/21 400 482,490
4.75%, 7/15/22 1,107 1,347,681
FTE Verwaltungs GmbH, 9.00%, 7/15/20 100 116,828
Gestamp Funding Luxembourg SA, 3.50%, 5/15/23 250 286,337
Goodyear Dunlop Tires Europe BV, 3.75%, 12/15/23 100 115,885
Goodyear Tire & Rubber Co.:
6.50%, 3/01/21 USD 1,110 1,164,112
5.00%, 5/31/26 471 476,299
Icahn Enterprises LP/Icahn Enterprises Finance Corp.:
4.88%, 3/15/19 7,711 7,450,754
5.88%, 2/01/22 1,836 1,689,120
Jaguar Land Rover Automotive PLC, 5.00%, 2/15/22 GBP 753 1,128,779
Schaeffler Finance BV, 4.75%, 5/15/23 (e) USD 1,440 1,475,100
Corporate Bonds Value
Auto Components (continued)
Schaeffler Holding Finance BV (g):
(5.75% Cash or 6.50% PIK), 5.75%, 11/15/21 EUR 360 $ 428,913
(6.25% Cash), 6.25%, 11/15/19 (e) USD 2,130 2,225,850
(6.75% Cash), 6.75%, 11/15/22 (e) 3,951 4,356,291
(6.88% Cash or 7.63% PIK), 6.88%, 8/15/18 (e) 1,000 1,025,000
(6.88% Cash), 6.88%, 8/15/18 EUR 510 551,653
UCI International, Inc., 8.63%, 2/15/19 (a)(h) USD 7,080 1,964,700
ZF North America Capital, Inc., 4.50%, 4/29/22 (e) 321 322,766
28,314,680
Banks — 1.5%
Allied Irish Banks PLC, 4.13%, 11/26/25 (d) EUR 535 566,993
Banco de Sabadell SA, 5.63%, 5/06/26 300 338,775
Banco Espirito Santo SA (a)(h):
4.75%, 1/15/18 1,900 465,088
4.00%, 1/21/19 1,100 269,261
Bankia SA, 4.00%, 5/22/24 (d) 1,000 1,084,651
CIT Group, Inc.:
5.25%, 3/15/18 USD 4,320 4,460,400
6.63%, 4/01/18 (e) 1,400 1,476,566
5.50%, 2/15/19 (e) 6,919 7,230,355
5.00%, 8/01/23 560 571,200
6.00%, 4/01/36 2,800 2,604,000
Commerzbank AG, 7.75%, 3/16/21 EUR 400 538,784
HSH Nordbank AG, 0.54%, 2/14/17 (d) 810 835,979
Ibercaja Banco SA, 5.00%, 7/28/25 (d) 600 631,874
21,073,926
Beverages — 0.0%
Ardagh Packaging Finance PLC / Ardagh Holdings USA, Inc., 4.13%, 5/15/23 275 310,951
Horizon Holdings I SASU, 7.25%, 8/01/23 286 340,430
651,381
Biotechnology — 0.1%
Rapid Holding GmbH, 6.63%, 11/15/20 700 821,692

BLACKROCK CORPORATE HIGH YIELD FUND, INC. MAY 31, 2016 3

Consolidated Schedule of Investments (continued) BlackRock Corporate High Yield Fund, Inc. (HYT)

Corporate Bonds Value
Building Products — 2.0%
American Builders & Contractors Supply Co., Inc. (e):
5.63%, 4/15/21 USD 1,315 $ 1,364,312
5.75%, 12/15/23 982 1,021,280
Builders FirstSource, Inc., 7.63%, 6/01/21 (e) 1,087 1,141,350
Building Materials Corp. of America, 6.00%, 10/15/25 (e) 4,118 4,375,375
Buzzi Unicem SpA, 2.13%, 4/28/23 EUR 175 194,798
CPG Merger Sub LLC, 8.00%, 10/01/21 (e) USD 4,330 4,091,850
HeidelbergCement AG, 2.25%, 3/30/23 EUR 425 482,925
Masonite International Corp., 5.63%, 3/15/23 (e) USD 2,950 3,082,750
Ply Gem Industries, Inc., 6.50%, 2/01/22 4,730 4,706,350
Standard Industries, Inc. (e):
5.13%, 2/15/21 949 984,588
5.50%, 2/15/23 1,576 1,623,280
USG Corp.:
9.75%, 1/15/18 3,935 4,398,425
5.50%, 3/01/25 (e) 1,234 1,311,125
28,778,408
Capital Markets — 2.0%
American Capital Ltd., 6.50%, 9/15/18 (e) 3,840 3,916,800
Blackstone CQP Holdco LP, 9.30%, 3/19/19 19,829 19,779,678
E*Trade Financial Corp.:
5.38%, 11/15/22 1,232 1,287,440
4.63%, 9/15/23 2,784 2,790,960
Series A, 0.00%, 8/31/19 (i)(j) 373 998,032
28,772,910
Chemicals — 1.5%
Axalta Coating Systems US Holdings, Inc./Axalta Coating Systems Dutch Holding BV, 7.38%, 5/01/21 (e) 1,760 1,864,368
Chemours Co.:
6.63%, 5/15/23 666 597,735
7.00%, 5/15/25 1,826 1,601,174
Huntsman International LLC:
4.88%, 11/15/20 286 291,005
5.13%, 4/15/21 EUR 679 777,776
5.13%, 11/15/22 USD 1,254 1,263,405
Ineos Finance PLC, 4.00%, 5/01/23 EUR 548 595,873
Inovyn Finance PLC, 6.25%, 5/15/21 200 230,597
Corporate Bonds Value
Chemicals (continued)
Momentive Performance Materials, Inc., 3.88%, 10/24/21 USD 4,488 $ 3,590,400
Montichem Holdco 3 SA, 5.25%, 6/15/21 EUR 311 346,726
NOVA Chemicals Corp. (e):
5.25%, 8/01/23 USD 349 349,873
5.00%, 5/01/25 415 409,813
Platform Specialty Products Corp. (e):
10.38%, 5/01/21 468 477,360
6.50%, 2/01/22 7,560 6,714,225
PQ Corp., 6.75%, 11/15/22 (e) 2,197 2,290,372
PSPC Escrow Corp., 6.00%, 2/01/23 EUR 394 389,066
WR Grace & Co-Conn, 5.13%, 10/01/21 (e) USD 232 240,554
22,030,322
Commercial Services & Supplies — 1.7%
AA Bond Co., Ltd., 5.50%, 7/31/43 GBP 400 569,201
ADS Waste Holdings, Inc., 8.25%, 10/01/20 USD 1,341 1,381,230
ADT Corp.:
3.50%, 7/15/22 2,189 2,008,408
4.13%, 6/15/23 1,065 990,450
4.88%, 7/15/42 270 215,325
Avis Budget Car Rental LLC/Avis Budget Finance, Inc., 5.50%, 4/01/23 415 384,913
Bilbao Luxembourg SA, (10.50% Cash or 11.25% PIK), 10.50%, 12/01/18 (g) EUR 428 465,312
Brand Energy & Infrastructure Services, Inc., 8.50%, 12/01/21 (e) USD 1,875 1,781,250
Iron Mountain Europe PLC, 6.13%, 9/15/22 GBP 100 149,180
Mobile Mini, Inc.:
7.88%, 12/01/20 USD 2,040 2,121,600
5.88%, 7/01/24 (e) 2,683 2,750,075
Mustang Merger Corp., 8.50%, 8/15/21 (e) 2,688 2,808,960
Silk Bidco AS, 7.50%, 2/01/22 EUR 247 283,069
United Rentals North America, Inc.:
7.38%, 5/15/20 USD 504 524,160
7.63%, 4/15/22 5,555 5,909,131
5.75%, 11/15/24 1,354 1,357,385
Verisure Holding AB, 6.00%, 11/01/22 EUR 775 924,821
24,624,470

4 BLACKROCK CORPORATE HIGH YIELD FUND, INC. MAY 31, 2016

Consolidated Schedule of Investments (continued) BlackRock Corporate High Yield Fund, Inc. (HYT)

Corporate Bonds Value
Communications Equipment — 2.1%
Alcatel-Lucent USA, Inc., 6.45%, 3/15/29 USD 6,533 $ 6,924,980
CommScope Technologies Finance LLC, 6.00%, 6/15/25 (e) 2,125 2,162,188
CommScope, Inc. (e):
4.38%, 6/15/20 2,278 2,346,340
5.50%, 6/15/24 2,169 2,185,267
Nokia OYJ, 6.63%, 5/15/39 3,596 3,820,750
Zayo Group LLC/Zayo Capital, Inc.:
6.00%, 4/01/23 4,856 4,989,540
6.38%, 5/15/25 6,837 7,110,480
29,539,545
Construction & Engineering — 0.6%
AECOM Co.:
5.75%, 10/15/22 716 739,270
5.88%, 10/15/24 2,124 2,198,340
BlueLine Rental Finance Corp., 7.00%, 2/01/19 (e) 2,187 1,848,015
Novafives SAS, 4.50%, 6/30/21 EUR 120 122,169
Safway Group Holding LLC/Safway Finance Corp., 7.00%, 5/15/18 (e) USD 2,412 2,436,120
Swissport Investments SA, 6.75%, 12/15/21 EUR 827 950,067
Weekley Homes LLC/Weekley Finance Corp., 6.00%, 2/01/23 USD 862 801,660
9,095,641
Construction Materials — 2.3%
American Tire Distributors, Inc., 10.25%, 3/01/22 (e) 1,839 1,593,034
Beacon Roofing Supply, Inc., 6.38%, 10/01/23 566 599,960
HD Supply, Inc.:
7.50%, 7/15/20 10,167 10,726,185
5.25%, 12/15/21 (e) 10,967 11,542,767
5.75%, 4/15/24 (e) 3,888 4,043,520
LKQ Italia Bondco SpA, 3.88%, 4/01/24 EUR 500 576,492
Officine MaccaFerri SpA, 5.75%, 6/01/21 675 676,152
PulteGroup, Inc., 5.50%, 3/01/26 USD 1,571 1,601,446
Rexel SA, 3.50%, 6/15/23 EUR 972 1,103,126
32,462,682
Consumer Finance — 2.0%
Alliance Data Systems Corp., 5.38%, 8/01/22 (e) USD 503 487,910
Ally Financial, Inc.:
5.13%, 9/30/24 1,230 1,268,438
4.63%, 3/30/25 2,029 2,023,927
8.00%, 11/01/31 18,930 22,242,750
Corporate Bonds Value
Consumer Finance (continued)
Navient Corp.:
5.50%, 1/25/23 USD 165 $ 141,900
6.13%, 3/25/24 642 565,562
5.88%, 10/25/24 723 618,165
OneMain Financial Holdings LLC (e):
6.75%, 12/15/19 915 924,150
7.25%, 12/15/21 180 180,900
28,453,702
Containers & Packaging — 2.0%
Ardagh Packaging Finance PLC, 9.13%, 10/15/20 (e) 1,670 1,750,160
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.:
6.75%, 1/31/21 (e) 1,458 1,468,935
3.88%, 5/15/21 (d)(e) 1,118 1,120,795
6.00%, 6/30/21 (e) 1,752 1,725,720
4.25%, 1/15/22 EUR 591 669,906
6.75%, 5/15/24 650 734,071
Ardagh Packaging Finance PLC/Ardagh MP Holdings USA, Inc. (e):
6.25%, 1/31/19 USD 3,493 3,536,662
4.63%, 5/15/23 1,738 1,729,310
7.25%, 5/15/24 4,008 4,088,160
Ball Corp.:
4.38%, 12/15/20 843 880,935
4.00%, 11/15/23 1,374 1,344,802
4.38%, 12/15/23 EUR 577 693,969
Beverage Packaging Holdings Luxembourg II SA (e):
5.63%, 12/15/16 USD 978 976,778
6.00%, 6/15/17 1,642 1,642,000
Crown European Holdings SA:
4.00%, 7/15/22 EUR 658 788,863
3.38%, 5/15/25 503 565,092
JH-Holding Finance SA, (8.25% Cash), 8.25%, 12/01/22 (g) 300 355,692
Sappi Papier Holding GmbH, 4.00%, 4/01/23 150 170,235
Sealed Air Corp.:
4.88%, 12/01/22 (e) USD 709 724,953
4.50%, 9/15/23 EUR 560 660,021
5.13%, 12/01/24 (e) USD 1,976 2,030,340
SGD Group SAS, 5.63%, 5/15/19 EUR 205 234,936
27,892,335
Diversified Consumer Services — 0.3%
APX Group, Inc.:
6.38%, 12/01/19 USD 326 322,740
8.75%, 12/01/20 627 570,570

BLACKROCK CORPORATE HIGH YIELD FUND, INC. MAY 31, 2016 5

Consolidated Schedule of Investments (continued) BlackRock Corporate High Yield Fund, Inc. (HYT)

Corporate Bonds Value
Diversified Consumer Services (continued)
Cognita Financing PLC, 7.75%, 8/15/21 GBP 225 $ 333,211
Prime Security Services Borrower LLC/Prime Finance, Inc., 9.25%, 5/15/23 (e) USD 1,774 1,849,395
Service Corp. International, 5.38%, 5/15/24 1,690 1,749,150
4,825,066
Diversified Financial Services — 3.7%
AerCap Ireland Capital Ltd./AerCap Global Aviation Trust:
4.63%, 10/30/20 3,053 3,159,855
4.50%, 5/15/21 780 802,425
5.00%, 10/01/21 4,340 4,546,150
4.63%, 7/01/22 691 708,275
Aircastle Ltd.:
7.63%, 4/15/20 128 145,200
5.13%, 3/15/21 1,572 1,658,460
5.50%, 2/15/22 1,590 1,677,450
5.00%, 4/01/23 1,004 1,026,590
Deutsche Bank AG, 4.50%, 5/19/26 EUR 600 663,023
DFC Finance Corp., 10.50%, 6/15/20 (e) USD 2,045 1,283,237
Gala Group Finance PLC, 8.88%, 9/01/18 GBP 681 1,015,266
Garfunkelux Holdco 3 SA, 8.50%, 11/01/22 225 329,594
HRG Group, Inc., 7.88%, 7/15/19 USD 2,745 2,895,975
International Lease Finance Corp.:
5.88%, 4/01/19 160 171,000
8.25%, 12/15/20 150 176,438
4.63%, 4/15/21 687 709,328
5.88%, 8/15/22 4,010 4,375,912
Jefferies Finance LLC/JFIN Co-Issuer Corp. (e):
7.38%, 4/01/20 2,695 2,533,300
6.88%, 4/15/22 2,552 2,245,760
Lehman Brother Holding Escrow, 1.00%, 9/22/18 430 33,325
Lehman Brothers Holdings, Inc.:
5.38%, 10/17/16 EUR 350 34,620
4.75%, 1/16/17 1,890 186,949
1.00%, 2/05/17 3,950 395,547
1.00%, 12/31/49 USD 1,535 118,963
Mercury Bondco PLC, (8.25% Cash, 9.00% PIK), 8.25%, 5/30/21 (g) EUR 564 639,832
MSCI, Inc., 5.75%, 8/15/25 (e) USD 807 849,367
Pershing Square Holdings, Ltd., 5.50%, 7/15/22 (e) 2,100 1,974,000
ProGroup AG, 5.13%, 5/01/22 EUR 206 243,554
Corporate Bonds Value
Diversified Financial Services (continued)
Reynolds Group Issuer, Inc.:
8.50%, 5/15/18 USD 1,700 $ 1,704,250
9.00%, 4/15/19 210 214,200
9.88%, 8/15/19 2,084 2,164,755
5.75%, 10/15/20 6,454 6,655,687
8.25%, 2/15/21 6,056 6,290,973
UniCredit SpA:
6.95%, 10/31/22 EUR 475 610,070
5.75%, 10/28/25 (d) 700 830,891
4.38%, 1/03/27 (d)(f) 375 416,868
53,487,089
Diversified Telecommunication Services — 3.4%
CenturyLink, Inc., 6.45%, 6/15/21 USD 6,545 6,643,175
Consolidated Communications, Inc., 6.50%, 10/01/22 1,020 928,200
Frontier Communications Corp.:
8.50%, 4/15/20 2,275 2,408,656
6.25%, 9/15/21 3,005 2,802,162
7.13%, 1/15/23 1,330 1,187,025
7.63%, 4/15/24 1,897 1,674,102
6.88%, 1/15/25 4,331 3,605,557
Level 3 Financing, Inc.:
5.38%, 8/15/22 432 438,480
5.63%, 2/01/23 2,311 2,360,109
5.13%, 5/01/23 3,232 3,248,160
5.38%, 1/15/24 1,771 1,802,347
5.38%, 5/01/25 4,730 4,813,721
5.25%, 3/15/26 (e) 2,308 2,302,230
OTE PLC, 3.50%, 7/09/20 EUR 200 222,530
SoftBank Group Corp.:
4.75%, 7/30/25 110 131,106
5.25%, 7/30/27 100 116,828
Telecom Italia Capital SA:
6.38%, 11/15/33 USD 745 739,413
6.00%, 9/30/34 2,890 2,738,275
7.20%, 7/18/36 690 705,180
Telecom Italia Finance SA, 7.75%, 1/24/33 EUR 380 568,126
Telecom Italia SpA:
6.38%, 6/24/19 GBP 900 1,432,855
3.25%, 1/16/23 EUR 300 352,152
5.88%, 5/19/23 GBP 1,900 3,021,547
Telenet Finance V Luxembourg SCA:
6.25%, 8/15/22 EUR 1,362 1,637,119
6.75%, 8/15/24 1,982 2,464,569
48,343,624
Electric Utilities — 0.0%
Viridian Group FundCo II Ltd., 7.50%, 3/01/20 454 537,346

6 BLACKROCK CORPORATE HIGH YIELD FUND, INC. MAY 31, 2016

Consolidated Schedule of Investments (continued) BlackRock Corporate High Yield Fund, Inc. (HYT)

Corporate Bonds Value
Electrical Equipment — 0.3%
Areva SA, 4.88%, 9/23/24 EUR 150 $ 122,727
Belden, Inc., 5.50%, 4/15/23 672 763,776
International Wire Group Holdings, Inc., 8.50%, 10/15/17 (e) USD 1,421 1,410,342
Trionista Holdco GmbH, 5.00%, 4/30/20 EUR 1,405 1,606,264
Trionista TopCo GmbH, 6.88%, 4/30/21 418 489,389
4,392,498
Electronic Equipment, Instruments & Components — 0.7%
CDW LLC/CDW Finance Corp.:
5.00%, 9/01/23 USD 4,354 4,375,770
5.50%, 12/01/24 5,917 6,079,717
10,455,487
Energy Equipment & Services — 0.8%
Ensco PLC:
4.70%, 3/15/21 515 404,275
4.50%, 10/01/24 1,189 743,125
5.20%, 3/15/25 1,717 1,140,946
Gates Global LLC / Gates Global Co.:
5.75%, 7/15/22 EUR 110 103,105
6.00%, 7/15/22 (e) USD 794 696,537
Genesis Energy LP/Genesis Energy Finance Corp.:
5.75%, 2/15/21 283 263,190
6.75%, 8/01/22 1,526 1,449,700
Noble Holding International Ltd.:
4.63%, 3/01/21 195 147,225
6.95%, 4/01/25 505 369,913
Transocean, Inc.:
3.75%, 10/15/17 1,339 1,302,177
6.00%, 3/15/18 3,455 3,351,350
7.38%, 4/15/18 175 170,406
6.50%, 11/15/20 1,019 787,178
5.05%, 10/15/22 642 404,460
11,333,587
Environmental, Maintenance, & Security Service — 0.0%
Befesa Zinc SAU Via Zinc Capital SA, 8.88%, 5/15/18 EUR 189 210,291
Food & Staples Retailing — 2.5%
Albertsons Cos. LLC/Safeway, Inc./New Albertson’s, Inc./Albertson’s LLC, 6.63%, 6/15/24 (e) USD 1,853 1,897,009
Bakkavor Finance 2 PLC, 8.25%, 2/15/18 GBP 326 483,134
Brakes Capital, 7.13%, 12/15/18 830 1,247,330
Casino Guichard Perrachon SA:
5.98%, 5/26/21 EUR 200 257,117
Corporate Bonds Value
Food & Staples Retailing (continued)
Casino Guichard Perrachon SA (continued):
3.31%, 1/25/23 EUR 600 $ 704,893
3.25%, 3/07/24 600 691,868
2.33%, 2/07/25 200 216,038
Dollar Tree, Inc. (e):
5.25%, 3/01/20 USD 497 518,123
5.75%, 3/01/23 12,814 13,534,787
Family Dollar Stores, Inc., 5.00%, 2/01/21 1,434 1,523,625
R&R Ice Cream PLC:
4.75%, 5/15/20 EUR 745 846,597
(9.25% Cash or 10.00% PIK), 9.25%, 5/15/18 (g) 823 920,646
Rite Aid Corp.:
9.25%, 3/15/20 USD 2,080 2,194,400
6.75%, 6/15/21 1,091 1,148,277
6.13%, 4/01/23 (e) 9,022 9,540,765
Tesco PLC:
5.00%, 3/24/23 GBP 100 150,245
2.50%, 7/01/24 EUR 130 141,435
6.00%, 12/14/29 100 148,454
36,164,743
Food Products — 1.4%
Acosta, Inc., 7.75%, 10/01/22 (e) USD 3,347 3,229,855
Aramark Services, Inc.:
5.75%, 3/15/20 321 331,232
5.13%, 1/15/24 (e) 934 969,025
5.13%, 1/15/24 1,712 1,776,200
Darling Global Finance BV, 4.75%, 5/30/22 EUR 100 113,760
JBS USA LLC/JBS USA Finance, Inc., 5.75%, 6/15/25 (e) USD 817 780,235
Pinnacle Foods Finance Corp., 5.88%, 1/15/24 (e) 445 467,250
Post Holdings, Inc. (e):
7.75%, 3/15/24 4,599 4,995,664
8.00%, 7/15/25 1,826 2,026,860
Smithfield Foods, Inc.:
5.88%, 8/01/21 (e) 891 928,867
6.63%, 8/15/22 1,516 1,591,800
TreeHouse Foods, Inc., 6.00%, 2/15/24 (e) 976 1,027,240
WhiteWave Foods Co., 5.38%, 10/01/22 1,255 1,341,281
19,579,269
Health Care Equipment & Supplies — 1.0%
3AB Optique Development SAS, 5.63%, 4/15/19 EUR 100 109,040

BLACKROCK CORPORATE HIGH YIELD FUND, INC. MAY 31, 2016 7

Consolidated Schedule of Investments (continued) BlackRock Corporate High Yield Fund, Inc. (HYT)

Corporate Bonds Value
Health Care Equipment & Supplies (continued)
Crimson Merger Sub, Inc., 6.63%, 5/15/22 (e) USD 3,373 $ 2,753,211
DJO Finance LLC/DJO Finance Corp., 8.13%, 6/15/21 (e) 6,387 5,732,332
Fresenius Medical Care US Finance, Inc., 5.75%, 2/15/21 (e) 1,580 1,753,800
IDH Finance PLC, 6.00%, 12/01/18 GBP 414 596,703
Kinetic Concepts, Inc./KCI USA, Inc., 7.88%, 2/15/21 (e) USD 667 715,544
Mallinckrodt International Finance SA/Mallinckrodt CB LLC (e):
4.88%, 4/15/20 980 950,600
5.75%, 8/01/22 1,250 1,181,250
Teleflex, Inc., 4.88%, 6/01/26 684 685,710
14,478,190
Health Care Providers & Services — 7.2%
Acadia Healthcare Co., Inc.:
5.13%, 7/01/22 502 504,510
5.63%, 2/15/23 1,533 1,557,911
6.50%, 3/01/24 (e) 434 450,397
Alere, Inc., 6.38%, 7/01/23 (e) 2,013 2,099,317
Amsurg Corp., 5.63%, 7/15/22 5,476 5,558,140
Centene Corp., 4.75%, 5/15/22 2,427 2,493,742
Centene Escrow Corp. (e):
5.63%, 2/15/21 2,516 2,616,640
6.13%, 2/15/24 1,484 1,562,845
CHS/Community Health Systems, Inc.:
5.13%, 8/15/18 427 434,946
6.88%, 2/01/22 3,208 2,756,923
DaVita HealthCare Partners, Inc.:
5.13%, 7/15/24 1,398 1,416,873
5.00%, 5/01/25 5,416 5,368,610
Envision Healthcare Corp., 5.13%, 7/01/22 (e) 835 837,088
ExamWorks Group, Inc., 5.63%, 4/15/23 1,076 1,154,010
HCA Holdings, Inc., 6.25%, 2/15/21 1,805 1,931,350
HCA, Inc.:
3.75%, 3/15/19 2,911 2,998,330
6.50%, 2/15/20 4,735 5,208,500
7.50%, 2/15/22 4,261 4,830,909
5.88%, 3/15/22 1,840 1,987,200
4.75%, 5/01/23 1,487 1,516,740
5.88%, 5/01/23 4,096 4,336,640
5.00%, 3/15/24 1,955 2,006,319
5.38%, 2/01/25 6,060 6,150,900
5.88%, 2/15/26 3,125 3,234,375
Corporate Bonds Value
Health Care Providers & Services (continued)
HealthSouth Corp.:
5.13%, 3/15/23 USD 2,840 $ 2,769,000
5.75%, 11/01/24 2,360 2,392,450
5.75%, 9/15/25 2,065 2,085,650
Hologic, Inc., 5.25%, 7/15/22 (e) 2,620 2,741,175
MEDNAX, Inc., 5.25%, 12/01/23 (e) 1,134 1,160,229
MPH Acquisition Holdings LLC (e):
6.63%, 4/01/22 1,280 1,395,200
7.13%, 6/01/24 (f) 2,051 2,107,403
RegionalCare Hospital Partners Holdings, Inc., 8.25%, 5/01/23 (e) 2,609 2,685,652
Sterigenics-Nordion Holdings LLC, 6.50%, 5/15/23 (e) 424 431,420
Surgery Center Holdings, Inc., 8.88%, 4/15/21 (e) 388 389,940
Surgical Care Affiliates, Inc., 6.00%, 4/01/23 (e) 2,641 2,713,627
Tenet Healthcare Corp.:
6.25%, 11/01/18 1,308 1,383,210
4.75%, 6/01/20 1,805 1,846,741
4.15%, 6/15/20 (d)(e) 1,432 1,424,840
6.00%, 10/01/20 3,835 4,036,337
4.50%, 4/01/21 74 74,463
4.38%, 10/01/21 525 521,063
8.13%, 4/01/22 1,933 1,945,081
6.75%, 6/15/23 6,195 5,823,300
Voyage Care Bondco PLC, 6.50%, 8/01/18 GBP 586 837,979
WellCare Health Plans, Inc., 5.75%, 11/15/20 USD 1,066 1,104,643
102,882,618
Health Care Technology — 0.1%
IMS Health, Inc., 6.00%, 11/01/20 (e) 795 814,160
Hotels, Restaurants & Leisure — 4.3%
Boyd Gaming Corp., 6.88%, 5/15/23 1,736 1,820,196
Caesars Entertainment Resort Properties LLC/Caesars Entertainment Resort Property, 8.00%, 10/01/20 5,070 5,108,025
Carlson Travel Holdings, Inc., (7.50% Cash or 8.25% PIK), 7.50%, 8/15/19 (e)(g) 654 632,745
Cedar Fair LP/Canada’s Wonderland Co., 5.38%, 6/01/24 1,070 1,112,800
Cirsa Funding Luxembourg SA:
5.75%, 5/15/21 EUR 325 372,008
5.88%, 5/15/23 356 404,422

8 BLACKROCK CORPORATE HIGH YIELD FUND, INC. MAY 31, 2016

Consolidated Schedule of Investments (continued) BlackRock Corporate High Yield Fund, Inc. (HYT)

Corporate Bonds Value
Hotels, Restaurants & Leisure (continued)
CPUK Finance, Ltd., 7.00%, 2/28/42 GBP 275 $ 417,813
Enterprise Funding Ltd., Series ETI, 3.50%, 9/10/20 (j) 400 451,016
ESH Hospitality, Inc., 5.25%, 5/01/25 (e) USD 4,690 4,549,300
Gala Electric Casinos PLC, 11.50%, 6/01/19 GBP 426 640,650
GLP Capital LP / GLP Financing II, Inc., 4.38%, 4/15/21 USD 355 363,875
International Game Technology PLC:
6.25%, 2/15/22 (e) 400 407,000
4.75%, 2/15/23 EUR 310 361,305
MGM Resorts International:
8.63%, 2/01/19 USD 790 894,675
6.75%, 10/01/20 4,460 4,852,480
6.63%, 12/15/21 1,130 1,218,987
6.00%, 3/15/23 2,891 3,021,095
MGP Escrow Issuer LLC/MGP Escrow Co-Issuer, Inc., 5.63%, 5/01/24 (e) 6,825 7,166,250
New Red Finance, Inc., 6.00%, 4/01/22 (e) 4,455 4,616,494
Pinnacle Entertainment, Inc., 5.63%, 5/01/24 (e) 483 472,133
Pizzaexpress Financing 1 PLC, 8.63%, 8/01/22 GBP 100 141,926
Pizzaexpress Financing 2 PLC, 6.63%, 8/01/21 600 866,910
PortAventura Entertainment Barcelona BV, 7.25%, 12/01/20 EUR 439 510,524
Regal Entertainment Group, 5.75%, 2/01/25 USD 489 495,112
Sabre GLBL, Inc. (e):
5.38%, 4/15/23 1,516 1,550,110
5.25%, 11/15/23 807 824,149
Scientific Games International, Inc.:
7.00%, 1/01/22 (e) 2,476 2,500,760
10.00%, 12/01/22 558 451,980
Six Flags Entertainment Corp., 5.25%, 1/15/21 (e) 3,247 3,362,658
Snai SpA, 7.63%, 6/15/18 EUR 866 1,006,915
Station Casinos LLC, 7.50%, 3/01/21 USD 5,785 6,088,712
Tropicana Entertainment LLC/Tropicana Finance Corp., 9.63%, 12/15/16 (a)(h) 1,850 —
Unique Pub Finance Co. PLC:
Series A3, 6.54%, 3/30/21 GBP 790 1,171,873
Series A4, 5.66%, 6/30/27 785 1,119,866
Series N, 6.46%, 3/30/32 1,000 1,225,346
Corporate Bonds Value
Hotels, Restaurants & Leisure (continued)
Vougeot Bidco PLC, 7.88%, 7/15/20 GBP 520 $ 787,109
Yum! Brands, Inc.:
3.75%, 11/01/21 USD 526 507,590
3.88%, 11/01/23 195 179,400
61,674,209
Household Durables — 2.2%
Beazer Homes USA, Inc., 6.63%, 4/15/18 215 219,358
Brookfield Residential Properties, Inc./Brookfield Residential US Corp., 6.13%, 7/01/22 (e) 1,604 1,527,810
CalAtlantic Group Inc., 8.38%, 1/15/21 4,270 5,006,575
DR Horton, Inc., 4.00%, 2/15/20 2,408 2,486,260
Lennar Corp.:
4.50%, 11/15/19 2,482 2,571,972
4.75%, 4/01/21 1,909 1,951,953
4.75%, 11/15/22 158 156,815
4.88%, 12/15/23 968 955,900
Project Homestake Merger Co., 8.88%, 3/01/23 (e) 1,502 1,547,060
PulteGroup, Inc., 6.38%, 5/15/33 2,805 2,847,075
Ryland Group, Inc., 6.63%, 5/01/20 1,160 1,278,900
Standard Pacific Corp.:
10.75%, 9/15/16 3,420 3,505,500
5.88%, 11/15/24 1,480 1,561,400
TRI Pointe Group, Inc.:
4.38%, 6/15/19 1,060 1,060,000
4.88%, 7/01/21 1,275 1,276,594
5.88%, 6/15/24 1,540 1,536,150
William Lyon Homes, Inc., 8.50%, 11/15/20 2,304 2,396,160
31,885,482
Household Products — 0.6%
Prestige Brands, Inc., 6.38%, 3/01/24 (e) 1,026 1,079,865
Spectrum Brands, Inc.:
6.38%, 11/15/20 2,125 2,228,594
6.63%, 11/15/22 1,385 1,475,897
6.13%, 12/15/24 1,220 1,290,150
5.75%, 7/15/25 1,721 1,798,445
Tempur Sealy International, Inc., 5.50%, 6/15/26 (e) 944 948,720
8,821,671
Independent Power and Renewable Electricity Producers — 1.5%
Calpine Corp.:
6.00%, 1/15/22 (e) 991 1,039,311
5.38%, 1/15/23 629 614,651

BLACKROCK CORPORATE HIGH YIELD FUND, INC. MAY 31, 2016 9

Consolidated Schedule of Investments (continued) BlackRock Corporate High Yield Fund, Inc. (HYT)

Corporate Bonds Value
Independent Power and Renewable Electricity Producers (continued)
Calpine Corp. (continued):
5.88%, 1/15/24 (e) USD 1,999 $ 2,093,953
5.50%, 2/01/24 1,985 1,919,868
5.75%, 1/15/25 2,301 2,226,217
Dynegy, Inc.:
6.75%, 11/01/19 4,240 4,250,600
7.38%, 11/01/22 1,300 1,254,500
MPM Escrow LLC, 8.88%, 10/15/20 3,738 —
NRG Energy, Inc.:
8.25%, 9/01/20 155 160,813
7.88%, 5/15/21 1,841 1,910,038
6.63%, 3/15/23 210 208,425
7.25%, 5/15/26 (e) 3,230 3,221,925
NRG Yield Operating LLC, 5.38%, 8/15/24 645 620,813
QEP Resources, Inc., 5.38%, 10/01/22 2,563 2,383,590
21,904,704
Insurance — 0.9%
Assicurazioni Generali SpA, 5.25%, 6/08/48 (f) EUR 125 138,066
Credit Agricole Assurances SA, 4.50% (d)(k) 200 217,405
HUB International Ltd. (e):
9.25%, 2/15/21 USD 874 908,960
7.88%, 10/01/21 5,484 5,374,320
Pension Insurance Corp. PLC, 6.50%, 7/03/24 GBP 775 1,038,994
Radian Group, Inc., 7.00%, 3/15/21 USD 786 833,160
TMF Group Holding BV, 9.88%, 12/01/19 EUR 570 678,758
Trader Corp., 9.88%, 8/15/18 (e) USD 1,220 1,262,700
Wayne Merger Sub LLC, 8.25%, 8/01/23 (e) 2,687 2,666,847
13,119,210
Internet Software & Services — 0.6%
Blue Coat Holdings, Inc., 8.38%, 6/01/23 (e) 2,707 2,906,641
Equinix, Inc.:
5.38%, 1/01/22 1,110 1,143,300
5.88%, 1/15/26 2,567 2,676,098
Netflix, Inc., 5.50%, 2/15/22 1,992 2,079,150
8,805,189
IT Services — 3.2%
Ceridian HCM Holding, Inc., 11.00%, 3/15/21 (e) 1,349 1,352,373
First Data Corp. (e):
5.38%, 8/15/23 5,725 5,868,125
Corporate Bonds Value
IT Services (continued)
First Data Corp. (e) (continued):
7.00%, 12/01/23 USD 13,314 $ 13,497,067
5.00%, 1/15/24 4,402 4,399,227
5.75%, 1/15/24 16,685 16,685,000
WEX, Inc., 4.75%, 2/01/23 (e) 4,804 4,419,680
46,221,472
Machinery — 0.1%
Gardner Denver, Inc., 6.88%, 8/15/21 (e) 730 625,975
Trinseo Materials Operating SCA/Trinseo Materials Finance, Inc., 6.38%, 5/01/22 EUR 490 564,281
1,190,256
Media — 15.3%
Altice Financing SA:
6.50%, 1/15/22 (e) USD 1,945 1,979,038
5.25%, 2/15/23 EUR 485 556,499
7.50%, 5/15/26 (e) USD 1,259 1,255,853
Altice Luxembourg SA:
7.25%, 5/15/22 EUR 858 971,360
7.75%, 5/15/22 (e) USD 2,649 2,713,569
6.25%, 2/15/25 EUR 542 565,365
7.63%, 2/15/25 (e) USD 1,797 1,774,538
Altice US Finance I Corp. (e):
5.38%, 7/15/23 6,270 6,382,108
5.50%, 5/15/26 2,435 2,483,700
Altice US Finance II Corp., 7.75%, 7/15/25 (e) 6,029 6,255,087
AMC Networks, Inc.:
4.75%, 12/15/22 1,613 1,613,000
5.00%, 4/01/24 756 757,890
CCO Holdings LLC/CCO Holdings Capital Corp.:
5.25%, 9/30/22 1,235 1,268,963
5.13%, 5/01/23 (e) 678 686,475
5.88%, 4/01/24 (e) 3,589 3,741,532
5.75%, 2/15/26 (e) 1,227 1,257,675
5.50%, 5/01/26 (e) 3,108 3,139,080
5.88%, 5/01/27 (e) 6,267 6,415,841
Cengage Learning Acquisitions, Inc., 11.50%, 4/15/20 3,439 —
Cequel Communications Holdings I LLC/Cequel Capital Corp., 5.13%, 12/15/21 (e) 4,349 4,151,064
Clear Channel International BV, 8.75%, 12/15/20 (e) 3,146 3,240,380
Clear Channel Worldwide Holdings, Inc.:
6.50%, 11/15/22 15,207 15,170,157
Series B, 7.63%, 3/15/20 5,090 4,886,400

10 BLACKROCK CORPORATE HIGH YIELD FUND, INC. MAY 31, 2016

Consolidated Schedule of Investments (continued) BlackRock Corporate High Yield Fund, Inc. (HYT)

Corporate Bonds Value
Media (continued)
Columbus International, Inc., 7.38%, 3/30/21 (e) USD 2,647 $ 2,774,718
CSC Holdings LLC, 5.25%, 6/01/24 5,315 4,783,500
DISH DBS Corp.:
4.25%, 4/01/18 3,209 3,289,225
6.75%, 6/01/21 134 138,797
5.88%, 7/15/22 539 521,483
5.00%, 3/15/23 5,022 4,570,020
5.88%, 11/15/24 3,338 3,089,352
DreamWorks Animation SKG, Inc., 6.88%, 8/15/20 (e) 541 574,136
Gray Television, Inc., 7.50%, 10/01/20 1,318 1,382,253
iHeartCommunications, Inc.:
9.00%, 12/15/19 1,801 1,413,785
9.00%, 3/01/21 241 179,846
9.00%, 9/15/22 3,845 2,835,687
10.63%, 3/15/23 770 569,800
Intelsat Jackson Holdings SA:
7.25%, 10/15/20 2,929 2,042,977
6.63%, 12/15/22 1,335 897,788
5.50%, 8/01/23 2,761 1,773,943
8.00%, 2/15/24 (e) 4,888 4,979,650
Lamar Media Corp., 5.75%, 2/01/26 (e) 526 553,615
LGE HoldCo VI BV, 7.13%, 5/15/24 EUR 300 368,009
Live Nation Entertainment, Inc., 7.00%, 9/01/20 (e) USD 987 1,035,472
McGraw-Hill Global Education Holdings LLC/McGraw-Hill Global Education Finance, 7.88%, 5/15/24 (e) 639 664,560
MDC Partners, Inc., 6.50%, 5/01/24 (e) 2,992 2,894,760
Midcontinent Communications & Midcontinent Finance Corp., 6.25%, 8/01/21 (e) 3,901 4,037,535
NAI Entertainment Holdings/NAI Entertainment Holdings Finance Corp., 5.00%, 8/01/18 (e) 2,039 2,079,780
Neptune Finco Corp. (e):
10.13%, 1/15/23 4,025 4,508,000
6.63%, 10/15/25 2,461 2,628,373
Nielsen Finance LLC/Nielsen Finance Co., 5.00%, 4/15/22 (e) 5,232 5,349,720
Numericable Group SA:
5.38%, 5/15/22 EUR 280 323,365
6.00%, 5/15/22 (e) USD 4,689 4,667,899
5.63%, 5/15/24 EUR 760 877,325
7.38%, 5/01/26 (e) USD 10,344 10,434,510
Corporate Bonds Value
Media (continued)
Numericable-SFR SA, 5.63%, 5/15/24 EUR 700 $ 808,062
Outfront Media Capital LLC/Outfront Media Capital Corp.:
5.25%, 2/15/22 USD 650 660,563
5.63%, 2/15/24 1,064 1,101,240
Play Finance 2 SA, 5.25%, 2/01/19 EUR 1,070 1,223,585
Radio One, Inc., 7.38%, 4/15/22 (e) USD 805 768,775
RCN Telecom Services LLC/RCN Capital Corp., 8.50%, 8/15/20 (e) 1,130 1,163,900
Sirius XM Radio, Inc. (e):
4.25%, 5/15/20 2,204 2,245,325
5.75%, 8/01/21 1,811 1,894,759
4.63%, 5/15/23 345 338,963
Sterling Entertainment Corp., 9.75%, 12/15/19 4,810 4,761,900
TEGNA, Inc.:
5.13%, 10/15/19 857 882,710
4.88%, 9/15/21 (e) 1,827 1,863,540
5.50%, 9/15/24 (e) 1,308 1,350,510
Townsquare Media, Inc., 6.50%, 4/01/23 (e) 517 497,613
Tribune Media Co., 5.88%, 7/15/22 3,434 3,468,340
Unitymedia GmbH, 3.75%, 1/15/27 EUR 100 101,808
Unitymedia Hessen GmbH & Co. KG/Unitymedia NRW GmbH:
5.50%, 1/15/23 (e) USD 4,302 4,436,437
5.63%, 4/15/23 EUR 166 199,031
4.00%, 1/15/25 1,411 1,598,994
5.00%, 1/15/25 (e) USD 1,354 1,360,770
4.63%, 2/15/26 EUR 100 116,133
3.50%, 1/15/27 400 430,774
Univision Communications, Inc. (e):
8.50%, 5/15/21 USD 784 819,280
5.13%, 5/15/23 10,883 10,964,622
5.13%, 2/15/25 7,930 7,870,525
UPCB Finance IV Ltd., 4.00%, 1/15/27 EUR 400 435,046
Virgin Media Finance PLC:
6.38%, 10/15/24 GBP 500 736,848
4.50%, 1/15/25 EUR 183 199,034
5.75%, 1/15/25 (e) USD 2,405 2,398,987
Virgin Media Secured Finance PLC:
6.00%, 4/15/21 GBP 4,052 6,111,963
5.50%, 8/15/26 (e) USD 1,144 1,155,440
4.88%, 1/15/27 GBP 200 274,100
6.25%, 3/28/29 829 1,205,184

BLACKROCK CORPORATE HIGH YIELD FUND, INC. MAY 31, 2016 11

Consolidated Schedule of Investments (continued) BlackRock Corporate High Yield Fund, Inc. (HYT)

Corporate Bonds Value
Media (continued)
WaveDivision Escrow LLC/WaveDivision Escrow Corp., 8.13%, 9/01/20 (e) USD 4,428 $ 4,560,840
Wind Acquisition Finance SA, 7.00%, 4/23/21 EUR 500 534,072
Ziggo Bond Finance BV:
4.63%, 1/15/25 259 281,692
5.88%, 1/15/25 (e) USD 2,643 2,616,570
218,943,392
Metals & Mining — 5.9%
Alcoa, Inc.:
6.15%, 8/15/20 1,330 1,428,919
5.13%, 10/01/24 3,854 3,717,915
5.90%, 2/01/27 215 207,675
6.75%, 1/15/28 477 474,615
5.95%, 2/01/37 264 232,323
Anglo American Capital PLC:
1.75%, 11/20/17 EUR 100 110,598
6.88%, 5/01/18 GBP 100 150,716
2.50%, 9/18/18 EUR 100 110,305
2.75%, 6/07/19 100 108,411
3.63%, 5/14/20 (e) USD 1,116 1,057,410
4.45%, 9/27/20 (e) 412 392,945
2.88%, 11/20/20 EUR 200 205,342
3.50%, 3/28/22 100 102,265
4.13%, 9/27/22 (e) USD 1,656 1,502,820
3.25%, 4/03/23 EUR 100 99,452
ArcelorMittal:
6.13%, 6/01/18 USD 2,342 2,444,462
7.25%, 2/25/22 115 120,175
7.75%, 3/01/41 1,305 1,200,600
Constellium NV (e):
8.00%, 1/15/23 6,525 5,709,375
5.75%, 5/15/24 4,689 3,657,420
First Quantum Minerals Ltd. (e):
7.00%, 2/15/21 392 309,435
7.25%, 5/15/22 1,883 1,440,495
Freeport-McMoRan, Inc.:
2.30%, 11/14/17 1,337 1,303,575
2.38%, 3/15/18 11,047 10,715,590
3.10%, 3/15/20 820 747,738
4.00%, 11/14/21 1,980 1,717,650
3.55%, 3/01/22 4,279 3,583,662
3.88%, 3/15/23 5,173 4,254,792
5.40%, 11/14/34 2,334 1,768,005
5.45%, 3/15/43 1,007 759,973
Glencore Finance Europe SA:
4.63%, 4/03/18 EUR 200 234,791
3.38%, 9/30/20 200 225,868
Joseph T Ryerson & Son, Inc., 11.00%, 5/15/22 (e) USD 1,378 1,415,895
Corporate Bonds Value
Metals & Mining (continued)
Kaiser Aluminum Corp.:
8.25%, 6/01/20 USD 1,240 $ 1,291,150
5.88%, 5/15/24 (e) 773 793,407
Novelis, Inc., 8.75%, 12/15/20 11,642 12,078,575
Ovako AB, 6.50%, 6/01/19 EUR 196 158,108
Steel Dynamics, Inc.:
5.13%, 10/01/21 USD 3,085 3,144,787
6.38%, 8/15/22 1,345 1,412,250
5.25%, 4/15/23 949 973,484
5.50%, 10/01/24 295 303,172
Teck Resources Ltd.:
2.50%, 2/01/18 1,704 1,716,780
3.00%, 3/01/19 2,073 1,984,898
8.00%, 6/01/21 (e)(f) 1,473 1,502,460
3.75%, 2/01/23 659 479,423
8.50%, 6/01/24 (e)(f) 1,922 1,970,050
United States Steel Corp., 8.38%, 7/01/21 (e) 2,224 2,296,280
Wise Metals Group LLC/Wise Alloys Finance Corp., 8.75%, 12/15/18 (e) 2,990 2,743,325
84,359,361
Multiline Retail — 0.4%
CST Brands, Inc., 5.00%, 5/01/23 653 653,000
Dufry Finance SCA, 5.50%, 10/15/20 (e) 1,927 1,987,161
Hema Bondco I BV, 6.25%, 6/15/19 EUR 156 134,878
Neiman Marcus Group Ltd., 8.00%, 10/15/21 (e) USD 4,467 3,372,585
6,147,624
Offshore Drilling & Other Services — 0.1%
Sensata Technologies BV, 5.63%, 11/01/24 (e) 903 945,892
Oil, Gas & Consumable Fuels — 12.8%
Alberta Energy Co. Ltd., 7.38%, 11/01/31 503 482,190
California Resources Corp., 8.00%, 12/15/22 (e) 7,393 5,396,890
Carrizo Oil & Gas, Inc.:
7.50%, 9/15/20 672 673,680
6.25%, 4/15/23 2,334 2,281,485
Cenovus Energy, Inc.:
5.70%, 10/15/19 312 319,217
3.00%, 8/15/22 252 224,330
3.80%, 9/15/23 690 615,546
6.75%, 11/15/39 1,548 1,487,535
5.20%, 9/15/43 110 86,999
Cheniere Corpus Christi Holdings LLC, 7.00%, 6/30/24 (e) 3,678 3,769,950

12 BLACKROCK CORPORATE HIGH YIELD FUND, INC. MAY 31, 2016

Consolidated Schedule of Investments (continued) BlackRock Corporate High Yield Fund, Inc. (HYT)

Corporate Bonds Value
Oil, Gas & Consumable Fuels (continued)
Chesapeake Energy Corp.:
3.88%, 4/15/19 (d) USD 2,995 $ 2,199,453
6.63%, 8/15/20 340 222,700
8.00%, 12/15/22 (e) 1,417 1,140,685
Concho Resources, Inc., 6.50%, 1/15/22 222 229,215
CONSOL Energy, Inc.:
5.88%, 4/15/22 10,292 8,387,980
8.00%, 4/01/23 331 284,660
Continental Resources, Inc.:
5.00%, 9/15/22 1,720 1,625,400
4.50%, 4/15/23 1,069 973,458
3.80%, 6/01/24 4,375 3,817,187
4.90%, 6/01/44 865 711,463
Corral Petroleum Holdings AB, 11.75%, 5/15/21 (g) EUR 200 212,405
Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp., 6.25%, 4/01/23 (e) USD 175 163,625
CrownRock LP/CrownRock Finance, Inc. (e):
7.13%, 4/15/21 3,208 3,320,280
7.75%, 2/15/23 1,064 1,109,220
Denbury Resources, Inc., 9.00%, 5/15/21 (e) 2,046 2,012,752
Diamondback Energy, Inc., 7.63%, 10/01/21 1,770 1,878,412
Encana Corp.:
3.90%, 11/15/21 1,015 903,350
6.50%, 8/15/34 1,683 1,491,020
6.63%, 8/15/37 1,042 917,710
6.50%, 2/01/38 3,034 2,680,569
5.15%, 11/15/41 1,203 884,634
Energy Transfer Equity LP:
7.50%, 10/15/20 405 413,100
5.88%, 1/15/24 4,667 4,328,642
5.50%, 6/01/27 1,965 1,704,637
Freeport-McMoRan Oil & Gas LLC/FCX Oil & Gas, Inc.:
6.50%, 11/15/20 807 774,720
6.63%, 5/01/21 805 762,738
Genesis Energy LP / Genesis Energy Finance Corp.,
6.00%, 5/15/23 428 393,760
5.63%, 6/15/24 445 399,388
Gulfport Energy Corp.:
7.75%, 11/01/20 2,137 2,169,055
6.63%, 5/01/23 114 112,005
Hilcorp Energy I LP/Hilcorp Finance Co. (e):
7.63%, 4/15/21 240 247,800
Corporate Bonds Value
Oil, Gas & Consumable Fuels (continued)
Hilcorp Energy I LP/Hilcorp Finance Co. (e) (continued):
5.00%, 12/01/24 USD 1,758 $ 1,670,100
Marathon Oil Corp., 5.20%, 6/01/45 2,025 1,700,994
MEG Energy Corp. (e):
6.50%, 3/15/21 4,781 3,765,037
6.38%, 1/30/23 575 439,875
7.00%, 3/31/24 4,923 3,790,710
Memorial Production Partners LP/Memorial Production Finance Corp.:
7.63%, 5/01/21 845 418,275
6.88%, 8/01/22 1,002 470,940
Memorial Resource Development Corp., 5.88%, 7/01/22 5,600 5,579,000
NGPL PipeCo LLC (e):
7.12%, 12/15/17 14,746 15,428,002
9.63%, 6/01/19 3,476 3,641,110
7.77%, 12/15/37 1,463 1,437,398
Oasis Petroleum, Inc.:
7.25%, 2/01/19 205 196,288
6.50%, 11/01/21 1,595 1,439,487
6.88%, 3/15/22 1,172 1,078,240
6.88%, 1/15/23 480 433,200
OHL Investments SA, Series OHL, 4.00%, 4/25/18 (j) EUR 300 297,078
ONEOK, Inc.:
4.25%, 2/01/22 USD 450 405,000
7.50%, 9/01/23 1,400 1,445,570
Parsley Energy LLC/Parsley Finance Corp. (e):
7.50%, 2/15/22 3,361 3,550,056
6.25%, 6/01/24 410 417,175
PDC Energy, Inc., 7.75%, 10/15/22 995 1,039,775
QEP Resources, Inc.:
6.88%, 3/01/21 240 241,200
5.25%, 5/01/23 2,190 2,014,800
Range Resources Corp.:
5.75%, 6/01/21 568 552,380
5.00%, 8/15/22 530 497,538
5.00%, 3/15/23 1,960 1,822,800
Rockies Express Pipeline LLC (e):
6.00%, 1/15/19 574 595,525
5.63%, 4/15/20 265 269,638
6.88%, 4/15/40 3,820 3,724,500
RSP Permian, Inc., 6.63%, 10/01/22 2,065 2,132,112
Sabine Pass Liquefaction LLC:
5.63%, 2/01/21 2,148 2,193,645
6.25%, 3/15/22 301 307,773
5.63%, 4/15/23 3,087 3,117,870

BLACKROCK CORPORATE HIGH YIELD FUND, INC. MAY 31, 2016 13

Consolidated Schedule of Investments (continued) BlackRock Corporate High Yield Fund, Inc. (HYT)

Corporate Bonds Value
Oil, Gas & Consumable Fuels (continued)
Sabine Pass Liquefaction LLC (continued):
5.75%, 5/15/24 USD 5,824 $ 5,853,120
5.63%, 3/01/25 567 567,000
Sanchez Energy Corp.:
7.75%, 6/15/21 138 105,570
6.13%, 1/15/23 6,650 4,788,000
Seven Generations Energy Ltd. (e):
8.25%, 5/15/20 6,771 7,075,695
6.75%, 5/01/23 675 685,125
SM Energy Co.:
6.13%, 11/15/22 2,576 2,357,040
6.50%, 1/01/23 523 476,040
5.00%, 1/15/24 88 75,250
Southwestern Energy Co.:
3.30%, 1/23/18 2,009 1,938,685
7.50%, 2/01/18 729 732,645
4.10%, 3/15/22 175 142,625
Targa Resources Partners LP/Targa Resources Partners Finance Corp.:
6.88%, 2/01/21 393 397,913
6.38%, 8/01/22 4,053 4,022,602
5.25%, 5/01/23 78 73,320
6.75%, 3/15/24 (e) 394 389,075
Tesoro Logistics LP/Tesoro Logistics Finance Corp.:
6.13%, 10/15/21 321 331,433
6.25%, 10/15/22 3,154 3,256,505
6.38%, 5/01/24 849 874,470
Tullow Oil PLC, 6.00%, 11/01/20 (e) 200 160,300
Weatherford International LLC:
6.35%, 6/15/17 1,290 1,302,900
6.80%, 6/15/37 337 225,790
Weatherford International Ltd.:
6.00%, 3/15/18 2,067 2,035,995
5.13%, 9/15/20 624 505,440
4.50%, 4/15/22 775 600,625
6.50%, 8/01/36 520 336,700
7.00%, 3/15/38 546 365,820
5.95%, 4/15/42 1,066 679,575
Whiting Petroleum Corp.:
5.00%, 3/15/19 193 173,700
1.25%, 4/01/20 (e)(j) 9,388 7,134,880
5.75%, 3/15/21 1,480 1,254,300
6.25%, 4/01/23 64 52,800
Williams Cos., Inc.:
3.70%, 1/15/23 225 189,563
4.55%, 6/24/24 2,459 2,145,477
Corporate Bonds Value
Oil, Gas & Consumable Fuels (continued)
WPX Energy, Inc.:
5.25%, 1/15/17 USD 300 $ 299,250
7.50%, 8/01/20 385 377,300
6.00%, 1/15/22 2,910 2,619,000
8.25%, 8/01/23 1,375 1,344,063
183,868,527
Paper & Forest Products — 0.3%
Norbord, Inc., 6.25%, 4/15/23 (e) 1,605 1,637,100
Pfleiderer GmbH, 7.88%, 8/01/19 EUR 430 502,242
Unifrax I LLC/Unifrax Holding Co., 7.50%, 2/15/19 (e) USD 2,865 2,292,000
4,431,342
Pharmaceuticals — 3.2%
Concordia Healthcare Corp., 7.00%, 4/15/23 (e) 504 468,090
DPx Holdings BV, 7.50%, 2/01/22 (e) 2,670 2,736,750
Endo Finance LLC/Endo Finco, Inc. (e):
7.75%, 1/15/22 696 645,540
6.00%, 7/15/23 2,069 1,811,223
6.00%, 2/01/25 3,305 2,867,088
Ephios Bondco PLC, 6.25%, 7/01/22 EUR 885 1,036,392
Ephios Holdco II PLC, 8.25%, 7/01/23 259 294,660
Grifols Worldwide Operations Ltd., 5.25%, 4/01/22 USD 4,047 4,138,058
Jaguar Holding Co. II/Pharmaceutical Product Development LLC, 6.38%, 8/01/23 (e) 7,115 7,264,415
NBTY, Inc., 7.63%, 5/15/21 (e) 3,353 3,420,060
Valeant Pharmaceuticals International, Inc.:
6.75%, 8/15/18 (e) 813 794,708
5.38%, 3/15/20 (e) 890 785,425
7.00%, 10/01/20 (e) 5,123 4,623,507
6.38%, 10/15/20 (e) 7,053 6,277,170
7.50%, 7/15/21 (e) 2,110 1,909,550
6.75%, 8/15/21 (e) 2,793 2,457,840
5.50%, 3/01/23 (e) 77 63,910
4.50%, 5/15/23 EUR 1,484 1,267,275
5.88%, 5/15/23 (e) USD 1,617 1,362,323
6.13%, 4/15/25 (e) 2,109 1,763,651
45,987,635
Real Estate Investment Trusts (REITs) — 0.6%
Aroundtown Property Holdings PLC, 3.00%, 12/09/21 EUR 1,100 1,248,883

14 BLACKROCK CORPORATE HIGH YIELD FUND, INC. MAY 31, 2016

Consolidated Schedule of Investments (continued) BlackRock Corporate High Yield Fund, Inc. (HYT)

Corporate Bonds Value
Real Estate Investment Trusts (REITs) (continued)
Corrections Corp. of America, 4.63%, 5/01/23 USD 755 $ 766,325
FelCor Lodging LP, 6.00%, 6/01/25 591 610,208
Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp., 5.63%, 10/15/21 4,911 5,085,871
iStar Financial, Inc.:
4.00%, 11/01/17 685 682,397
5.00%, 7/01/19 480 456,000
8,849,684
Real Estate Management & Development — 1.2%
Annington Finance No 5 PLC, 13.00%, 1/15/23 (g) GBP 380 632,929
Crescent Resources LLC/Crescent Ventures, Inc., 10.25%, 8/15/17 (e) USD 1,731 1,735,327
Punch Taverns Finance B Ltd., Series A6, 5.94%, 9/30/22 GBP 532 714,211
Punch Taverns Finance PLC, Series M3, 6.09%, 10/15/27 (d)(e) 1,202 1,475,942
Realogy Group LLC/Realogy Co-Issuer Corp. (e):
4.50%, 4/15/19 USD 1,646 1,695,380
5.25%, 12/01/21 6,327 6,548,445
4.88%, 6/01/23 2,420 2,398,825
Rialto Holdings LLC/Rialto Corp., 7.00%, 12/01/18 (e) 1,065 1,051,687
Tesco Property Finance 1 PLC, 7.62%, 7/13/39 GBP 46 73,839
Tesco Property Finance 4 PLC, 5.80%, 10/13/40 99 129,142
Woodside Homes Co. LLC/Woodside Homes Finance, Inc., 6.75%, 12/15/21 (e) USD 1,195 1,111,350
17,567,077
Road & Rail — 1.3%
Avis Budget Car Rental LLC/Avis Budget Finance, Inc. (e):
5.13%, 6/01/22 770 708,400
6.38%, 4/01/24 1,105 1,060,800
5.25%, 3/15/25 1,810 1,588,275
EC Finance PLC, 5.13%, 7/15/21 EUR 675 791,415
Florida East Coast Holdings Corp., 6.75%, 5/01/19 (e) USD 2,037 2,026,815
Herc Spinoff Escrow Issuer LLC/Herc Spinoff Escrow Issuer Corp. (e)(f):
7.50%, 6/01/22 853 857,265
7.75%, 6/01/24 383 383,958
Corporate Bonds Value
Road & Rail (continued)
Hertz Corp.:
7.50%, 10/15/18 USD 3,220 $ 3,270,554
5.88%, 10/15/20 370 375,088
7.38%, 1/15/21 2,360 2,410,150
6.25%, 10/15/22 1,490 1,480,687
Loxam SAS, 3.50%, 5/03/23 EUR 150 168,750
United Rentals North America, Inc.:
4.63%, 7/15/23 USD 1,055 1,047,087
5.50%, 7/15/25 902 885,087
Watco Cos. LLC/Watco Finance Corp., 6.38%, 4/01/23 (e) 1,093 1,087,535
18,141,866
Semiconductors & Semiconductor Equipment — 0.8%
Advanced Micro Devices, Inc.:
7.50%, 8/15/22 665 548,625
7.00%, 7/01/24 440 347,600
NXP BV / NXP Funding LLC (e):
4.13%, 6/15/20 2,685 2,738,700
4.63%, 6/15/22 1,319 1,338,785
5.75%, 3/15/23 2,180 2,283,550
4.63%, 6/01/23 777 780,893
Sensata Technologies BV, 5.00%, 10/01/25 (e) 3,923 3,932,807
11,970,960
Software — 1.4%
Ensemble S Merger Sub, Inc., 9.00%, 9/30/23 (e) 1,553 1,554,941
Infinity Acquisition LLC/Infinity Acquisition Finance Corp., 7.25%, 8/01/22 (e) 103 90,125
Infor Software Parent LLC/Infor Software Parent, Inc., (7.13% Cash or 7.88% PIK), 7.13%, 5/01/21 (e)(g) 2,646 2,209,119
Infor US, Inc., 6.50%, 5/15/22 4,033 3,700,277
Informatica LLC, 7.13%, 7/15/23 (e) 946 901,065
Nuance Communications, Inc., 5.38%, 8/15/20 (e) 2,430 2,469,488
PTC, Inc., 6.00%, 5/15/24 722 751,783
Solera LLC/Solera Finance, Inc., 10.50%, 3/01/24 (e) 5,797 6,289,745
SS&C Technologies Holdings, Inc., 5.88%, 7/15/23 1,619 1,683,760
19,650,303
Specialty Retail — 1.4%
Asbury Automotive Group, Inc., 6.00%, 12/15/24 2,413 2,461,260
L Brands, Inc.:
8.50%, 6/15/19 3,925 4,562,813

BLACKROCK CORPORATE HIGH YIELD FUND, INC. MAY 31, 2016 15

Consolidated Schedule of Investments (continued) BlackRock Corporate High Yield Fund, Inc. (HYT)

Corporate Bonds Value
Specialty Retail (continued)
L Brands, Inc. (continued):
6.88%, 11/01/35 USD 2,574 $ 2,715,570
New Look Secured Issuer PLC, 6.50%, 7/01/22 GBP 770 1,096,047
New Look Senior Issuer PLC, 8.00%, 7/01/23 300 419,297
Penske Automotive Group, Inc.:
5.75%, 10/01/22 USD 2,545 2,608,625
5.38%, 12/01/24 1,447 1,447,000
5.50%, 5/15/26 1,358 1,347,815
Sally Holdings LLC/Sally Capital, Inc., 5.75%, 6/01/22 1,599 1,662,960
THOM Europe SAS, 7.38%, 7/15/19 EUR 1,090 1,287,072
19,608,459
Technology Hardware, Storage & Peripherals — 0.5%
Diamond 1 Finance Corp./Diamond 2 Finance Corp. (e)(f):
4.42%, 6/15/21 USD 1,565 1,596,250
6.02%, 6/15/26 2,940 2,971,999
8.35%, 7/15/46 945 961,992
Western Digital Corp., 7.38%, 4/01/23 (e) 1,339 1,392,560
6,922,801
Textiles, Apparel & Luxury Goods — 0.3%
BiSoho SAS, 5.88%, 5/01/23 EUR 400 457,365
Levi Strauss & Co.:
6.88%, 5/01/22 USD 2,430 2,593,004
5.00%, 5/01/25 686 686,858
Springs Industries, Inc., 6.25%, 6/01/21 274 277,425
William Carter Co., 5.25%, 8/15/21 788 815,580
4,830,232
Thrifts & Mortgage Finance — 0.1%
Radian Group, Inc., 5.25%, 6/15/20 991 1,010,820
Trading Companies & Distributors — 0.1%
Ashtead Capital, Inc., 5.63%, 10/01/24 (e) 344 347,440
Travis Perkins PLC, 4.50%, 9/07/23 GBP 500 718,922
1,066,362
Transportation Infrastructure — 0.2%
JCH Parent, Inc., (10.50% Cash or 11.25% PIK), 10.50%, 3/15/19 (e)(g) USD 2,813 1,209,703
Corporate Bonds Value
Transportation Infrastructure (continued)
Onorato Armatori SpA, 7.75%, 2/15/23 EUR 900 $ 981,358
2,191,061
Wireless Telecommunication Services — 4.6%
Communications Sales & Leasing, Inc./CSL Capital LLC, 8.25%, 10/15/23 USD 2,515 2,370,388
Digicel Group Ltd., 7.13%, 4/01/22 (e) 2,085 1,608,161
Digicel Ltd., 6.00%, 4/15/21 (e) 8,447 7,483,028
Geo Group, Inc.:
5.88%, 1/15/22 350 355,250
5.88%, 10/15/24 2,030 2,052,838
GEO Group, Inc., 6.00%, 4/15/26 530 535,300
SBA Communications Corp., 5.63%, 10/01/19 1,111 1,151,274
Sprint Capital Corp.:
6.90%, 5/01/19 640 596,800
6.88%, 11/15/28 4,955 3,697,669
8.75%, 3/15/32 408 330,480
Sprint Communications, Inc.:
9.00%, 11/15/18 (e) 17,517 18,633,709
7.00%, 8/15/20 1,270 1,086,510
Sprint Corp.:
7.25%, 9/15/21 922 746,820
7.13%, 6/15/24 6,082 4,576,705
7.63%, 2/15/25 1,840 1,384,030
T-Mobile USA, Inc.:
6.63%, 4/28/21 2,180 2,291,725
6.13%, 1/15/22 367 387,185
6.73%, 4/28/22 1,227 1,286,816
6.00%, 3/01/23 2,599 2,709,457
6.50%, 1/15/24 2,638 2,799,577
6.38%, 3/01/25 3,490 3,655,775
6.50%, 1/15/26 4,881 5,161,657
Wind Acquisition Finance SA, 4.00%, 7/15/20 EUR 824 911,094
65,812,248
Total Corporate Bonds — 109.6% 1,569,600,591
Floating Rate Loan Interests (d)
Air Freight & Logistics — 0.3%
CEVA Group PLC, Synthetic LC, 6.50%, 3/19/21 USD 1,324 1,127,761
CEVA Intercompany BV, Dutch Term Loan, 6.50%, 3/19/21 1,368 1,165,490
CEVA Logistics Canada ULC, Canadian Term Loan, 6.50%, 3/19/21 236 200,947

16 BLACKROCK CORPORATE HIGH YIELD FUND, INC. MAY 31, 2016

Consolidated Schedule of Investments (continued) BlackRock Corporate High Yield Fund, Inc. (HYT)

Floating Rate Loan Interests Value
Air Freight & Logistics (continued)
CEVA Logistics US Holdings, Inc., Term Loan, 6.50%, 3/19/21 USD 1,887 $ 1,607,573
4,101,771
Airlines — 0.8%
Delta Air Lines, Inc., 2018 Term Loan B1, 3.25%, 10/18/18 2,313 2,318,715
Gol LuxCo SA, 1st Lien Term Loan, 6.50%, 8/31/20 3,885 3,865,575
Northwest Airlines, Inc.:
2.75%, 3/10/17 1,772 1,754,060
2.13%, 9/10/18 4,060 3,947,540
11,885,890
Auto Components — 0.3%
Gates Global, Inc., Term Loan B, 4.25%, 7/06/21 4,997 4,829,728
Capital Markets — 0.2%
American Capital Holdings, Inc., 2017 Term Loan, 3.50%, 8/22/17 2,953 2,947,707
Chemicals — 0.2%
Axalta Coating Systems US Holdings, Inc., Term Loan, 3.75%, 2/01/20 212 212,075
MacDermid, Inc., Term Loan B3, 5.50%, 6/07/20 1,151 1,147,853
PQ Corp., Term Loan, 5.75%, 11/04/22 1,298 1,308,462
2,668,390
Commercial Services & Supplies — 0.3%
Brand Energy & Infrastructure Services, Inc., Term Loan B, 4.75%, 11/26/20 3,760 3,653,791
TruGreen Limited Partnership, 1st Lien Term Loan B, 6.50%, 4/13/23 699 703,369
4,357,160
Diversified Consumer Services — 0.2%
AssuredPartners, Inc., 2015 1st Lien Term Loan, 5.75%, 10/21/22 1,229 1,228,920
Laureate Education, Inc., Term Loan B, 5.00%, 6/15/18 1,761 1,707,126
2,936,046
Diversified Telecommunication Services — 0.3%
Hawaiian Telcom Communications, Inc., Term Loan B, 5.25%, 6/06/19 1,410 1,407,487
Floating Rate Loan Interests Value
Diversified Telecommunication Services (continued)
Level 3 Financing, Inc., 2019 Term Loan, 4.00%, 8/01/19 USD 1,785 $ 1,788,909
Telenet International Finance Sarl, Term Loan AD, 4.25%, 6/30/24 1,285 1,291,065
4,487,461
Electrical Equipment — 0.4%
Texas Competitive Electric Holdings Co. LLC, DIP Term Loan, 3.75%, 11/07/16 5,613 5,612,525
Energy Equipment & Services — 0.1%
Dynegy Holdings, Inc., Term Loan B2, 4.00%, 4/23/20 918 917,516
Food & Staples Retailing — 0.2%
US Foods, Inc., Refinancing Term Loan, 4.50%, 3/31/19 2,351 2,351,499
Health Care Equipment & Supplies — 0.4%
Alere, Inc., 2015 Term Loan B, 4.25%, 6/18/22 744 741,417
Capsugel Holdings US, Inc., Term Loan B, 4.00%, 7/31/21 1,906 1,905,077
DJO Finance LLC, 2015 Term Loan, 4.25%, 6/08/20 1,310 1,282,441
Immucor, Inc., Refinancing Term Loan B2, 5.00%, 8/17/18 1,292 1,226,279
5,155,214
Health Care Providers & Services — 0.4%
Air Medical Group Holdings, Inc., Term Loan B, 4.25%, 4/28/22 1,657 1,639,342
MPH Acquisition Holdings LLC, 2016 Term Loan B, 5.00%, 5/26/23 2,255 2,270,785
Surgery Center Holdings, Inc., 1st Lien Term Loan, 5.25%, 11/03/20 954 955,851
Vizient, Inc., 1st Lien Term Loan, 6.25%, 2/13/23 1,423 1,439,905
6,305,883
Hotels, Restaurants & Leisure — 1.5%
Amaya Holdings BV:
1st Lien Term Loan, 5.00%, 8/01/21 4,746 4,593,590
2nd Lien Term Loan, 8.00%, 8/01/22 248 242,848
Boyd Gaming Corp., Term Loan B, 4.00%, 8/14/20 1,953 1,956,164
Bronco Midstream Funding LLC, Term Loan B, 5.00%, 8/15/20 5,405 4,810,139

BLACKROCK CORPORATE HIGH YIELD FUND, INC. MAY 31, 2016 17

Consolidated Schedule of Investments (continued) BlackRock Corporate High Yield Fund, Inc. (HYT)

Floating Rate Loan Interests Value
Hotels, Restaurants & Leisure (continued)
Caesars Entertainment Resort Properties LLC, Term Loan B, 7.00%, 10/11/20 USD 9,048 $ 8,650,021
Station Casinos LLC, Term Loan B, 4.25%, 3/02/20 1,809 1,811,071
22,063,833
Independent Power and Renewable Electricity Producers — 0.4%
Energy Future Intermediate Holding Co. LLC, DIP Term Loan, 4.25%, 12/19/16 5,103 5,099,723
IT Services — 0.4%
Blue Coat Holdings, Inc., 2015 Term Loan, 4.50%, 5/20/22 552 549,983
First Data Corp.:
2018 Term Loan, 3.94%, 9/24/18 200 199,916
2021 Extended Term Loan, 4.44%, 3/24/21 4,484 4,502,740
5,252,639
Machinery — 0.4%
Rexnord LLC, 1st Lien Term Loan B, 4.00%, 8/21/20 2,843 2,825,782
Silver II US Holdings LLC, Term Loan, 4.00%, 12/13/19 3,923 3,533,998
6,359,780
Media — 1.0%
Cengage Learning Acquisitions, Inc., Term Loan:
1st Lien, 7.00%, 3/31/20 3,998 3,991,946
2016 B, 5.25%, 5/17/23 2,002 1,999,320
0.00%, 7/03/16 (a)(h) 10,469 1
Clear Channel Communications, Inc., Term Loan D, 7.20%, 1/30/19 6,379 4,884,252
Intelsat Jackson Holdings SA, Term Loan B2, 3.75%, 6/30/19 1,171 1,076,742
Tribune Media Co., Term Loan, 3.75%, 12/27/20 224 224,069
Univision Communications Inc.:
Term Loan C3, 4.00%, 3/01/20 25 24,902
Term Loan C4, 4.00%, 3/01/20 1,819 1,818,269
14,019,501
Metals & Mining — 0.4%
FMG Resources August 2006 Property Ltd., Term Loan B, 4.25%, 6/30/19 3,769 3,529,351
Floating Rate Loan Interests Value
Metals & Mining (continued)
Novelis, Inc., 2015 Term Loan B, 4.00%, 6/02/22 USD 1,567 $ 1,561,977
5,091,328
Oil, Gas & Consumable Fuels — 0.3%
California Resources Corp., Term Loan A, 2.00%, 10/01/19 814 745,828
CITGO Holding, Inc., 2015 Term Loan B, 9.50%, 5/12/18 2,522 2,532,184
MEG Energy Corp., Refinancing Term Loan, 3.75%, 3/31/20 465 414,265
3,692,277
Personal Products — 0.1%
NBTY, Inc., Term Loan B, 5.00%, 5/05/23 1,145 1,151,297
Pharmaceuticals — 0.8%
DPx Holdings BV, 2014 Incremental Term Loan, 4.25%, 3/11/21 1,685 1,656,522
Jaguar Holding Co. II, 2015 Term Loan B, 4.25%, 8/18/22 4,808 4,811,974
Pharmaceutical Product Development LLC, 1st Lien Term Loan, 4.25%, 8/18/22 482 482,400
Valeant Pharmaceuticals International, Inc.:
Series A3 Tranche A, 3.71%, 10/20/18 584 576,072
Series C2 Term Loan B, 4.75%, 12/11/19 695 685,442
Series E Term Loan B, 4.75%, 8/05/20 1,554 1,529,458
Series F1 Term Loan B, 5.00%, 4/01/22 936 923,994
10,665,862
Professional Services — 0.3%
Advantage Sales & Marketing, Inc.:
2014 1st Lien Term Loan, 4.25%, 7/23/21 1,674 1,667,182
2014 2nd Lien Term Loan, 7.50%, 7/25/22 3,248 3,093,706
4,760,888
Real Estate Investment Trusts (REITs) — 0.1%
MGM Growth Properties LLC, 2016 Term Loan B, 4.00%, 4/25/23 2,004 2,016,567
Real Estate Management & Development — 0.0%
Realogy Corp., Extended Letter of Credit, 2.43%, 10/16/16 226 223,046

18 BLACKROCK CORPORATE HIGH YIELD FUND, INC. MAY 31, 2016

Consolidated Schedule of Investments (continued) BlackRock Corporate High Yield Fund, Inc. (HYT)

Floating Rate Loan Interests Value
Road & Rail — 0.2%
Hertz Corp., Term Loan B2, 3.00%, 3/11/18 USD 3,326 $ 3,317,085
Semiconductors & Semiconductor Equipment — 0.9%
Avago Technologies Cayman Ltd., 2016 Term Loan B1, 4.25%, 2/01/23 10,717 10,742,353
Microsemi Corp., 2015 Term Loan B, 5.25%, 1/15/23 495 499,678
ON Semiconductor Corp., Term Loan B, 5.25%, 3/31/23 1,641 1,651,601
12,893,632
Software — 0.8%
Infor US, Inc., Term Loan B5, 3.75%, 6/03/20 2,672 2,617,123
Informatica Corp., Term Loan, 4.50%, 8/05/22 3,018 2,980,746
Kronos, Inc., 2nd Lien Term Loan, 9.75%, 4/30/20 3,444 3,512,523
Solera Holdings, Inc., Term Loan B, 5.75%, 3/03/23 2,736 2,750,829
11,861,221
Specialty Retail — 0.1%
Party City Holdings, Inc., 2015 Term Loan B, 4.25%, 8/19/22 1,536 1,531,401
Textiles, Apparel & Luxury Goods — 0.4%
Ascend Performance Materials LLC, Term Loan B, 6.75%, 4/10/18 5,362 5,281,757
J. Crew Group, Inc., Term Loan B, 4.00%, 3/05/21 893 662,347
5,944,104
Wireless Telecommunication Services — 1.6%
Ligardo Networks LLC, 2015 2nd Lien Term Loan, 13.50%, 12/07/20 33,473 23,542,305
Total Floating Rate Loan Interests — 13.8% 198,043,279
Investment Companies — 0.9%
United States — 0.9%
SPDR Barclays High Yield Bond ETF 364,700 12,848,381
Non-Agency Mortgage-Backed Securities Value
Collateralized Mortgage Obligations — 0.2%
Hilton USA Trust, Series 2013-HLT, Class EFX, 4.45%, 11/05/30 (d)(e) USD 2,882 $ 2,888,344
Commercial Mortgage-Backed Securities — 0.1%
GAHR Commercial Mortgage Trust 2015-NRF, Series 2015-NRF, Class FFX, 3.38%, 12/15/19
(d)(e) 1,925 1,768,892
Total Non-Agency Mortgage-Backed Securities — 0.3% 4,657,236
Other Interests — 0.0% Beneficial Interest (000)
Auto Components — 0.0%
Lear Corp. Escrow, 0.00% 1,250 13
Preferred Securities Par (000)
Capital Trusts
Banks — 2.9%
ABN AMRO Bank NV, 5.75% (d)(k) 700 751,689
Banco Bilbao Vizcaya Argentaria SA,: (d)(k)
6.75% 400 409,455
7.00% 1,000 1,032,784
8.88% 200 229,763
Banco Popular Espanol SA, 8.25% (d)(k) 800 780,635
Bank of Ireland, 7.38% (d)(k) 250 272,391
BNP Paribas SA, 7.38% (d)(e)(k) 725 723,188
Citigroup, Inc.: (d)(k)
5.88% 2,405 2,338,863
5.95% 2,675 2,677,506
Series D, 5.95% 3,582 3,537,225
Series Q, 5.95% 1,165 1,137,331
Series R, 6.13% 615 626,531
Series T, 6.25% 1,510 1,560,661
Cooperatieve Rabobank UA,: (d)(k)
5.50% 400 429,483
6.63% 200 227,002
HSBC Holdings PLC, 6.88% (d)(f)(k) 300 302,250
Intesa Sanpaolo SpA,: (d)(k)
7.00% 375 403,683
7.70% (e) 200 185,000

BLACKROCK CORPORATE HIGH YIELD FUND, INC. MAY 31, 2016 19

Consolidated Schedule of Investments (continued) BlackRock Corporate High Yield Fund, Inc. (HYT)

Capital Trusts Value
Banks (continued)
JPMorgan Chase & Co.: (d)(k) 6.75% USD 5,324 $ 5,909,640
Series Q, 5.15% 850 836,188
Series U, 6.13% 4,228 4,402,194
Series V, 5.00% 4,555 4,401,269
Santander UK Group Holdings PLC, 7.38% (d)(k) 450 631,390
Wells Fargo & Co.: (d)(k)
Series S, 5.90% 3,310 3,430,650
Series U, 5.88% 3,875 4,146,250
41,383,021
Capital Markets — 0.9%
Credit Suisse Group AG, 6.25% (d)(e)(k) 200 192,750
Goldman Sachs Group, Inc., Series L, 5.70% (d)(k) 6,658 6,633,032
Morgan Stanley,: (d)(k)
Series H, 5.45% 3,309 3,204,568
Series J, 5.55% 440 440,000
UBS Group AG,: (d)(k)
5.75% 800 905,697
6.88% 575 566,660
7.00% 725 755,813
12,698,520
Diversified Financial Services — 1.4%
Bank of America Corp.: (d)(k)
Series AA, 6.10% 5,121 5,244,222
Series DD, 6.30% 1,215 1,289,419
Series V, 5.13% 2,205 2,072,700
Series X, 6.25% 5,354 5,481,157
Series Z, 6.50% 2,791 2,944,505
Barclays PLC,: (d)(k)
7.88% 350 480,309
8.00% 300 336,298
Credit Agricole SA, 6.50% (d)(k) 600 656,742
HBOS Capital Funding LP, 6.85% (k) 300 305,250
Lloyds Banking Group PLC, 7.00% (d)(k) 760 1,081,483
19,892,085
Diversified Telecommunication Services — 0.3%
Koninklijke KPN NV, 6.13% (d)(k) 566 668,853
Orange SA, 4.00% (d)(k) 1,225 1,381,018
Telefonica Europe BV,: (d)(k)
4.20% 1,500 1,669,055
6.50% 600 708,363
4,427,289
Capital Trusts Value
Insurance — 0.0%
Generali Finance BV, 4.60% (d)(k) USD 400 $ 426,138
Media — 0.0%
NBCUniversal Enterprise, Inc., 5.25% (e)(k) 400 414,000
Oil, Gas & Consumable Fuels — 0.2%
Enel SpA, 6.50% (d) 577 694,996
Gas Natural Fenosa Finance BV, 3.38% (d)(k) 1,300 1,294,193
Repsol International Finance BV, 4.50% (d) 100 92,906
TOTAL SA, 3.88% (d)(k) 625 716,125
2,798,220
Total Capital Trusts — 5.7% 82,039,273
Preferred Stocks Shares
Banks — 0.2%
RBS Capital Funding Trust, Series F, 0.00% (k) 93,975 2,377,567
Capital Markets — 0.0%
CF-B L2 (D) LLC, (Aquired 4/08/15, cost $111,497), 0.00% (c) 633,461 489,520
Diversified Financial Services — 0.1%
Concrete Investments II, 0.00% 4,997 606,031
Hotels, Restaurants & Leisure — 1.1%
Amaya, Inc., 0.00% 19,851 16,006,747
Total Preferred Stocks 19,479,865
Trust Preferreds
Banks — 0.2%
RBS Capital Funding Trust VII, 6.08% 107,071 2,680,701
Diversified Financial Services — 0.4%
GMAC Capital Trust I, 8.13% Series 2 (d) 256,246 6,399,428
Total Trust Preferreds 9,080,129
Total Preferred Securities — 7.7% 110,599,267

20 BLACKROCK CORPORATE HIGH YIELD FUND, INC. MAY 31, 2016

Consolidated Schedule of Investments (continued) BlackRock Corporate High Yield Fund, Inc. (HYT)

Warrants Value
Metals & Mining — 0.0%
Peninsula Energy Ltd. (Expires 12/31/15) 288,820 $ 1,252
Peninsula Energy Ltd. (Expires 12/31/18) 515,378 48,424
49,676
Software — 0.0%
HMH Holdings/EduMedia (Issued/exercisable 3/09/10, 19 Shares for 1 Warrant, Expires 6/22/19,
Strike Price $42.27) 6,494 16,673
Total Warrants — 0.0% 66,349
Total Long-Term Investments (Cost — $2,077,029,589) — 139.2% Value — $ 1,994,136,877
Options Purchased (Cost — $38,133) — 0.0% —
Total Investments (Cost — $2,077,067,722*) — 139.2% 1,994,136,877
Liabilities in Excess of Other Assets — (39.2)% (561,515,820 )
Net Assets — 100.0% $ 1,432,621,057
* As of period end, gross unrealized appreciation and depreciation based on cost for federal income tax
purposes were as follows:
Tax cost $
Gross unrealized appreciation $ 47,361,999
Gross unrealized depreciation (136,851,098 )
Net unrealized depreciation $ (89,489,099 )

Notes to Schedule of Investments

(a) Non-income producing security.

(b) All or a portion of security is held by a wholly owned subsidiary.

(c) Restricted security as to resale, excluding 144A securities. As of period end, the Trust held restricted securities with a current value of $12,175 and an original cost of $187,463 which was less than 0.05% of its net assets.

(d) Variable rate security. Rate as of period end.

(e) Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

(f) When-issued security.

(g) Payment-in-kind security which may pay interest/dividends in additional par/shares and/or in cash. Rates shown are the current rate and possible payment rates.

(h) Issuer filed for bankruptcy and/or is in default of interest payments.

(i) Zero-coupon bond.

(j) Convertible security.

(k) Perpetual security with no stated maturity date.

(l) Other interests represent beneficial interests in liquidation trusts and other reorganization or private entities.

• During the period ended May 31, 2016, investments in issuers considered to be affiliates of the Trust for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

Affiliate — BlackRock Liquidity Funds, TempFund, Institutional Class — — — — — Income — $ 2,756 Realized Gain (Loss) — —
iShares iBoxx $ High Yield Corporate Bond ETF — 1,104,443 (1,104,443 ) — — 758,788 $ (2,263,123 )
Total $ 761,544 $ (2,263,123 )

BLACKROCK CORPORATE HIGH YIELD FUND, INC. MAY 31, 2016 21

Consolidated Schedule of Investments (continued) BlackRock Corporate High Yield Fund, Inc. (HYT)

Portfolio Abbreviations

AUD Australian Dollar
CAD Canadian Dollar
CLO Collateralized Loan Obligation
DIP Debtor-In-Possession
ETF Exchange-Traded Fund
EUR Euro
GBP British Pound
LIBOR London Interbank Offered Rate
OTC Over-the-Counter
PIK Payment-In-Kind.
SGD Singapore Dollar
S&P Standard and Poor’s
SPDR Standard & Poor’s Depository Receipts
USD United States Dollar

Derivative Financial Instruments Outstanding as of Period End

Futures Contracts

Contracts Short Issue Expiration Notional Value Unrealized Appreciation (Depreciation)
(41 ) German Euro BOBL Futures June 2016 USD 5,993,380 $ 4,529
(18 ) German Euro-Bund Futures June 2016 USD 3,283,943 (20,042 )
(106 ) Russell 2000 Mini Index June 2016 USD 12,226,040 (765,087 )
(401 ) S&P 500 E-Mini Index June 2016 USD 42,002,745 (887,595 )
(11 ) 10-Year U.S. Treasury Note September 2016 USD 1,426,562 (127 )
Total $ (1,668,322 )

Forward Foreign Currency Exchange Contracts

Currency Purchased — EUR 700,000 Currency Sold — USD 785,478 Counterparty — State Street Bank and Trust Co. 6/06/16 Unrealized Appreciation (Depreciation) — $ (6,526 )
EUR 1,064,000 USD 1,185,851 State Street Bank and Trust Co. 6/06/16 (1,845 )
GBP 250,000 USD 361,236 Morgan Stanley & Co. International PLC 6/06/16 857
GBP 500,000 USD 724,228 State Street Bank and Trust Co. 6/06/16 (41 )
GBP 540,000 USD 789,147 State Street Bank and Trust Co. 6/06/16 (7,026 )
USD 1,223,765 AUD 1,605,000 Standard Chartered Bank 6/06/16 63,935
USD 21,507,007 CAD 26,940,000 Westpac Banking Group 6/06/16 963,740
USD 170,047 EUR 150,000 Bank of America N.A. 6/06/16 3,129
USD 484,319 EUR 420,000 Canadian Imperial Bank of Commerce 6/06/16 16,948
USD 332,645 EUR 291,000 Citibank N.A. 6/06/16 8,823
USD 76,839,788 EUR 67,222,000 Morgan Stanley & Co. International PLC 6/06/16 2,035,992
USD 92,320 EUR 80,000 Morgan Stanley & Co. International PLC 6/06/16 3,297
USD 346,038 EUR 300,000 Morgan Stanley & Co. International PLC 6/06/16 12,202
USD 274,467 EUR 240,000 Morgan Stanley & Co. International PLC 6/06/16 7,398
USD 2,243,252 EUR 1,986,000 Morgan Stanley & Co. International PLC 6/06/16 33,257

22 BLACKROCK CORPORATE HIGH YIELD FUND, INC. MAY 31, 2016

Consolidated Schedule of Investments (continued) BlackRock Corporate High Yield Fund, Inc. (HYT)

Forward Foreign Currency Exchange Contracts (concluded)

Currency Purchased — USD 2,230,802 Currency Sold — EUR 2,000,000 Counterparty — Morgan Stanley & Co. International PLC Settlement Date — 6/06/16 5,227
USD 57,667 EUR 50,000 Standard Chartered Bank 6/06/16 2,028
USD 609,678 EUR 532,000 State Street Bank and Trust Co. 6/06/16 17,675
USD 243,856 EUR 213,000 State Street Bank and Trust Co. 6/06/16 6,832
USD 366,711 EUR 322,000 State Street Bank and Trust Co. 6/06/16 8,393
USD 1,183,032 GBP 808,000 Citibank N.A. 6/06/16 12,746
USD 34,567,421 GBP 23,647,000 State Street Bank and Trust Co. 6/06/16 317,756
USD 461,035 GBP 320,000 State Street Bank and Trust Co. 6/06/16 (2,444 )
USD 1,162,770 AUD 1,605,000 Standard Chartered Bank 7/06/16 4,194
USD 20,683,143 CAD 26,940,000 Royal Bank of Canada 7/06/16 139,864
USD 80,960,808 EUR 72,502,000 Barclays Bank PLC 7/06/16 195,246
USD 331,065 EUR 297,000 State Street Bank and Trust Co. 7/06/16 214
USD 34,393,853 GBP 23,485,000 Barclays Bank PLC 7/06/16 370,957
Total $ 4,212,828

OTC Options Purchased

Description — Marsico Parent Superholdco LLC Call Goldman Sachs & Co. Expiration Date — 12/14/2019 USD 942.86 39 Value — $ —

Centrally Cleared Credit Default Swaps — Sold Protection

Issuer / Index Expiration Date Credit Rating 1 Unrealized Appreciation
Dow Jones CDX North America High Yield Index, Series 26, Version 2 5.00 % 6/20/21 B+ 10,300 $ 114,634
1 Using Standard
& Poor’s (“S&P’s”) rating of the issuer or the underlying securities of the index, as applicable.
2 The maximum
potential amount the Trust may pay should a negative credit event take place as defined under the terms of the agreement.

OTC Credit Default Swaps — Buy Protection

Issuer Counterparty Expiration Date Value Premiums Paid (Received) Unrealized Appreciation
Dell, Inc. 1.00 % Barclays Bank PLC 6/20/21 USD 305 $ 50,124 $ 52,609 $ (2,485 )
Dell, Inc. 1.00 % Citibank N.A. 6/20/21 USD 325 53,411 56,058 (2,647 )
Dell, Inc. 1.00 % Citibank N.A. 6/20/21 USD 1,400 230,081 248,439 (18,358 )
Dell, Inc. 1.00 % Goldman Sachs International 6/20/21 USD 355 58,342 61,233 (2,891 )
Dell, Inc. 1.00 % Morgan Stanley Capital Services LLC 6/20/21 USD 325 53,412 54,423 (1,011 )
Total $ 445,370 $ 472,762 $ (27,392 )

BLACKROCK CORPORATE HIGH YIELD FUND, INC. MAY 31, 2016 23

Consolidated Schedule of Investments (continued) BlackRock Corporate High Yield Fund, Inc. (HYT)

OTC Credit Default Swaps — Sell Protection

Issuer — CCO Holdings LLC 8.00 % Counterparty — Deutsche Bank AG 9/20/17 BB- Notional Amount (000) 2 — USD 8,180 Value — $ 914,896 Premiums Paid (Received) — — Unrealized Appreciation — $ 914,896
Fiat Chrysler Automobiles NV 5.00 % Bank of America N.A. 12/20/20 BB EUR 356 28,897 $ 31,122 (2,225 )
Fiat Chrysler Automobiles NV 5.00 % Bank of America N.A. 12/20/20 BB EUR 3 276 298 (21 )
CNH Industrial NV 5.00 % Goldman Sachs International 6/20/21 BB+ EUR 554 69,889 55,867 14,022
Fiat Chrysler Automobiles NV 5.00 % Barclays Bank PLC 6/20/21 BB EUR 102 7,554 7,082 472
Fiat Chrysler Automobiles NV 5.00 % Citibank N.A. 6/20/21 BB EUR 98 7,246 6,785 461
Total $ 1,028,758 $ 101,154 $ 927,605
1 Using Standard
& Poor’s (“S&P’s”) rating of the issuer or the underlying securities of the index, as applicable.
2 The maximum
potential amount the Trust may pay should a negative credit event take place as defined under the terms of the agreement.

OTC Total Return Swaps

Reference Entity Fixed Rate Floating Rate Counterparty Effective Date Notional Amount (000) Value Premiums Paid (received)
iShares iBoxx High Yield Corporate Bond ETF 3-Month LIBOR JPMorgan Chase Bank N.A. N/A 6/20/16 USD 2,700 $ 102,835 — $ 102,835
iShares iBoxx High Yield Corporate Bond ETF 3-Month LIBOR Morgan Stanley Capital Services LLC N/A 9/20/16 USD 1,400 41,605 — 41,605
iShares iBoxx High Yield Corporate Bond ETF 3-Month LIBOR Citibank, N.A. N/A 9/20/16 USD 1,400 39,423 — 39,423
iShares iBoxx High Yield Corporate Bond ETF 3-Month LIBOR Morgan Stanley Capital Services LLC N/A 9/20/16 USD 2,700 53,159 — 53,159
iShares iBoxx High Yield Corporate Bond ETF 3-Month LIBOR JPMorgan Chase Bank N.A. N/A 9/20/16 USD 6,000 95,665 — 95,665
iShares iBoxx High Yield Corporate Bond ETF 3-Month LIBOR Goldman Sachs International N/A 9/20/16 USD 1,500 12,481 $ (857 ) 13,338
iShares iBoxx High Yield Corporate Bond ETF 3-Month LIBOR Goldman Sachs International N/A 12/20/16 USD 2,900 89.504 — 89,504
iShares iBoxx High Yield Corporate Bond ETF 3-Month LIBOR Goldman Sachs International N/A 12/20/16 USD 2,900 85,741 — 85,741

24 BLACKROCK CORPORATE HIGH YIELD FUND, INC. MAY 31, 2016

Consolidated Schedule of Investments (continued) BlackRock Corporate High Yield Fund, Inc. (HYT)

OTC Total Return Swaps (continued)

Reference Entity — iShares iBoxx High Yield Corporate Bond ETF 3-Month LIBOR Counterparty — Goldman Sachs International N/A 12/20/16 Notional Amount (000) — USD 2,000 Value — $ 18,611 Premiums Paid (received) — $ (1,870 ) Unrealized Appreciation — $ 20,481
iShares iBoxx High Yield Corporate Bond ETF 3-Month LIBOR Morgan Stanley Capital Services LLC N/A 12/20/16 USD 2,700 22,466 (2,759 ) 25,225
iShares iBoxx High Yield Corporate Bond ETF 3-Month LIBOR JPMorgan Chase Bank N.A. N/A 12/20/16 USD 1,000 8,299 (1,022 ) 9,321
Markit iBoxx Liquid High Yield Index 3-Month LIBOR Goldman Sachs International N/A 6/20/16 USD 500 105,583 — 105,583
Markit iBoxx Liquid High Yield Index 3-Month LIBOR Goldman Sachs International N/A 6/20/16 USD 500 102,182 — 102,182
Markit iBoxx Liquid High Yield Index 3-Month LIBOR Goldman Sachs International N/A 6/20/16 USD 760 34,316 (487 ) 34,803
Morgan Stanley Energy Long Basket Index FED Funds Effective Rate Morgan Stanley & Co. International PLC N/A 3/30/17 USD 6 30,569 — 30,569
Morgan Stanley Energy Long Basket Index FED Funds Effective Rate Morgan Stanley & Co. International PLC N/A 3/30/17 USD 3 7,077 — 7,077
Morgan Stanley Energy Long Basket Index FED Funds Effective Rate Morgan Stanley & Co. International PLC N/A 3/30/17 USD 5 40,706 — 40,706
Morgan Stanley Energy Long Basket Index FED Funds Effective Rate Morgan Stanley & Co. International PLC N/A 3/30/17 USD 3 14,838 — 14,838
Morgan Stanley Energy Long Basket Index FED Funds Effective Rate Morgan Stanley & Co. International PLC N/A 3/30/17 USD 7 23,266 — 23,266
Morgan Stanley Energy Long Basket Index FED Funds Effective Rate Morgan Stanley & Co. International PLC N/A 3/30/17 USD 7 16,328 — 16,328
Morgan Stanley Energy Long Basket Index FED Funds Effective Rate Morgan Stanley & Co. International PLC N/A 3/30/17 USD 13 31,778 — 31,778
Morgan Stanley Energy Long Basket Index FED Funds Effective Rate Morgan Stanley & Co. International PLC N/A 3/30/17 USD 3 7,826 — 7,826
Morgan Stanley Energy Long Basket Index FED Funds Effective Rate Morgan Stanley & Co. International PLC N/A 3/30/17 USD 15 35,573 — 35,573
Morgan Stanley Energy Long Basket Index FED Funds Effective Rate Morgan Stanley & Co. International PLC N/A 3/30/17 USD 7 16,598 — 16,598

BLACKROCK CORPORATE HIGH YIELD FUND, INC. MAY 31, 2016 25

Consolidated Schedule of Investments (continued) BlackRock Corporate High Yield Fund, Inc. (HYT)

OTC Total Return Swaps (concluded)

Reference Entity Fixed Rate Floating Rate Counterparty Effective Date Expiration Date Value Premiums Paid (received) Unrealized Appreciation
Morgan Stanley Energy Long Basket Index FED Funds Effective Rate Morgan Stanley & Co. International PLC N/A 3/30/17 USD 4 $ 8,962 — $ 8,962
Total $ 1,045,391 $ (6,995 ) $ 1,052,386

Fair Value Hierarchy as of Period End

Various inputs are used in determining the fair value of investments and derivative financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

• Level 1 — unadjusted price quotations in active markets/exchanges for identical assets or liabilities that the Trust has the ability to access

• Level 2 — other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs)

• Level 3 — unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Trust’s own assumptions used in determining the fair value of investments and derivative financial instruments)

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The significant unobservable inputs used by the Global Valuation Committee in determining the price for Fair Valued Investments are typically categorized as level 3.

Changes in valuation techniques may result in transfers into or out of an assigned level within the hierarchy. In accordance with the Trust’s policy, transfers between different levels of the fair value hierarchy are deemed to have occurred as of the beginning of the reporting period. The categorization of a value determined for investments and derivative financial instruments is based on the pricing transparency of the investments and derivative financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund’s policy regarding valuation of investments and derivative financial instruments, refer to the Trust’s most recent financial statements as contained in its semi-annual report.

26 BLACKROCK CORPORATE HIGH YIELD FUND, INC. MAY 31, 2016

Consolidated Schedule of Investments (continued) BlackRock Corporate High Yield Fund, Inc. (HYT)

The following tables summarize the Trust’s investments and derivative financial instruments categorized in the disclosure hierarchy:

Various inputs are used in determining the fair value of investments and derivative financial instruments. For information about the Trust’s policy regarding valuation of investments a nd derivative financial instruments, refer to the Notes to Financial Statements.

The following tables summarize the Trust’s investments and derivative financial instruments categorized in the disclosure hierarchy:

Level 1 Level 2 Total
Assets:
Investments:
Long-Term Investments:
Asset-Backed Securities — $ 27,843,865 $ 5,977,232 $ 33,821,097
Common Stocks $ 33,558,210 29,986,305 956,149 64,500,664
Corporate Bonds — 1,563,587,704 6,012,887 1,569,600,591
Floating Rate Loan Interests — 187,117,274 10,926,005 198,043,279
Investment Companies 12,848,381 — — 12,848,381
Non-Agency Mortgage-Backed Securities — 4,657,236 — 4,657,236
Other Interests — — 13 13
Preferred Securities 11,457,696 82,039,273 16,612,778 110,109,747
Warrants — 48,424 17,925 66,349
Subtotal $ 57,864,287 $ 1,895,280,081 $ 40,502,989 $ 1,993,647,357
Investments Valued at NAV 1 489,520
Total $ 1,994,136,877
Level 1 Level 2 Level 3 Total
Derivative Financial Instruments 2
Assets:
Credit contracts — $ 1,044,485 — $ 1,044,485
Equity contracts — 1,052,386 — 1,052,386
Forward foreign currency contracts — 4,230,710 — 4,230,710
Interest rate contracts $ 4,529 — — 4,529
Liabilities:
Credit contracts — (29,638 ) — (29,638 )
Equity contracts (1,652,682 ) — — (1,652,682 )
Forward foreign currency contracts — (17,882 ) — (17,882 )
Interest rate contracts (20,169 ) — — (20,169 )
Total $ (1,668,322 ) $ 6,280,061 — $ 4,611,739
1 As of period end,
certain of the Trust’s Investments were fair valued using net asset value (“NAV”) per share and have been excluded from the fair value hierarchy.
2 Derivative
financial instruments are swaps, futures contracts and forward foreign currency contracts, which are valued at the unrealized appreciation (depreciation) on the instrument.

BLACKROCK CORPORATE HIGH YIELD FUND, INC. MAY 31, 2016 27

Consolidated Schedule of Investments (continued) BlackRock Corporate High Yield Fund, Inc. (HYT)

The Trust may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial reporting purposes. As of period end, such assets and/or liabilities are categorized within the disclosure hierarchy as follows:

Level 1 Level 2 Level 3 Total
Assets:
Cash pledged:
Centrally cleared swaps $ 598,000 — — $ 598,000
Futures contracts 2,620,150 — — 2,620,150
Liabilities:
Loan payable — $ (575,000,000 ) — (575,000,000 )
Bank overdraft — (575,101 ) — (575,101 )
Cash received:
OTC derivatives — (1,600,000 ) — (1,600,000 )
Centrally cleared swaps — (134,943 ) (134,943 )
Foreign currency overdraft — (586,193 ) — (586,193 )
Total $ 3,218,150 $ (577,896,237 ) — $ (574,678,087 )

During the period ended May 31, 2016, there were no transfers between Level 1 and Level 2.

A reconciliation of Level 3 investments and derivative financial instruments is presented when the Trust had a significant amount of Level 3 investments and derivative financial instruments at the beginning and/or end of the period in relation to net assets. The following table is a reconciliation of Level 3 investments for which significant unobservable inputs were used in determining fair value:

Asset-Backed Securities Common Stocks Corporate Bonds Floating Rate Loan Interests Other Interests Preferred Securities Warrants Total
Assets:
Opening Balance, as of August 31,
2015 1 $ 5,936,098 3,739,028 $ 25,160,883 $ 25,557,215 $ 10,978 $ 20,459,861 $ 74,732 $ 80,938,795
Transfers into Level 3 — — — — — — — —
Transfers out of Level 3 2 (1,499,223 ) — (18,524,109 ) (4,086,037 ) — — — (24,109,369 )
Accrued discounts/premiums 7,751 — 10,100 127,451 — — — 145,302
Net realized gain (loss) (6,362 ) (1,991,848 ) (25 ) 200,173 (400 ) — — (1,798,462 )
Net change in unrealized appreciation
(depreciation) 3,4 (58,342 ) (978,494 ) (154,520 ) (432,155 ) (10,565 ) (3,847,083 ) (56,807 ) (5,537,966 )
Purchases 2,843,410 187,463 146 347,486 — — — 3,378,505
Sales (1,246,100 ) — (479,588 ) (10,788,128 ) — — — (12,513,816 )
Closing Balance, as of May 31, 2016 $ 5,977,232 $ 956,149 $ 6,012,887 $ 10,926,005 $ 13 $ 16,612,778 $ 17,925 $ 40,502,989
Net change in unrealized appreciation (depreciation) on investments still held at May 31, 2016 4 $ (22,883 ) $ (2,970,340 ) $ (154,520 ) $ (383,803 ) $ (10,925 ) $ (3,847,082 ) $ (56,807 ) $ (7,446,360 )

1 The opening balance of preferred securities has been adjusted to exclude certain investments amounting to $555,106 that were valued using NAV per share as no quoted market value is available. The fair value of those investments have been excluded from the fair value hierarchy due to the adoption of the Accounting Standard Update related to Fair Value Measurement: Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent).

2 As of May 31, 2016, the Fund used significant unobservable inputs in determining the value of certain investments. As of May 31, 2016, the Fund used observable inputs in determining the value of the same investments. As a result, investments with a beginning of period value were transferred from Level 3 to Level 2 in the disclosure hierarchy.

3 Included in the related net change in unrealized appreciation (depreciation).

4 Any difference between net change in unrealized appreciation (depreciation) and net change in unrealized appreciation (depreciation) on investments held as of May 31, 2016 is generally due to investments no longer held or categorized as Level 3 at period end.

28 BLACKROCK CORPORATE HIGH YIELD FUND, INC. MAY 31, 2016

Consolidated Schedule of Investments (continued) BlackRock Corporate High Yield Fund, Inc. (HYT)

The following table summarizes the valuation techniques used and unobservable inputs utilized by the BlackRock Global Valuation Methodologies Committee (the “Global Valuation Committee”) to determine the value of certain of the Trust’s Level 3 investments as of period end. The table does not include Level 3 investments with values based upon unadjusted third party pricing information in the amount of $33,550,440. A significant change in third party pricing information could result in a significantly lower or higher value of such Level 3 investments and derivative financial instruments.

Value Valuation Techniques Unobservable Inputs Range of Unobservable Inputs Utilized Weighted Average Input
Assets:
Common Stocks $ 921,737 Market Comparables 2P (Proved and Probable) Reserves 1 $0.066x – $0.794x —
2C (Contingent) Resources Multiple 1 —
PV-10 Multiple 1,2 0.355x —
Corporate Bonds 3 6,012,887 Discounted Cash Flow Internal Rate of Return 4 10.00% – 11.00% —
Estimated Recovery Value — — —
Warrants 17,925 Last Dealer Mark—Adjusted Delta Adjustment Based on Daily Movement in the Common Equity 4 90.0% —
Black-Scholes Implied Volatility 4 43.85% —
Total $ 6,952,549

1 Increase in unobservable input may result in a significant increase to value, while a decrease in the unobservable input may result in a significant decrease to value.

2 Present value of estimated future oil and gas revenues, net of estimated direct expenses discounted at an annual discount rate of 10%.

3 For the period ended May 31, 2016, the valuation technique for an investment classified as Corporate Bonds changed to an income approach. The investment was previously valued utilizing the Last Transaction Price. An income approach was considered to be a more relevant measure of fair value for this investment.

4 Decrease in unobservable input may result in a significant increase to value, while an increase in the unobservable input may result in a significant decrease to value.

BLACKROCK CORPORATE HIGH YIELD FUND, INC. MAY 31, 2016 29

Item 2 – Controls and Procedures

2(a) – The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”)) are effective as of a date within 90 days of the filing of this report based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act and Rule 13a-15(b) under the Securities Exchange Act of 1934, as amended.

2(b) – There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 3 – Exhibits

Certifications – Attached hereto

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

BlackRock Corporate High Yield Fund, Inc.

By:
John M. Perlowski
Chief Executive Officer (principal executive officer) of
BlackRock Corporate High Yield Fund, Inc.

Date: July 22, 2016

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By:
John M. Perlowski
Chief Executive Officer (principal executive officer) of
BlackRock Corporate High Yield Fund, Inc.

Date: July 22, 2016

By:
Neal J. Andrews
Chief Financial Officer (principal financial officer) of
BlackRock Corporate High Yield Fund, Inc.

Date: July 22, 2016

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