HYT Stock Recent News
HYT LATEST HEADLINES
16 out of 23 CEF sectors positive on price and 12 out of 23 sectors positive on NAV last week. Watch for overvalued CEFs as market volatility rises.
0 out of 23 CEF sectors are positive on price and 0 out of 23 sectors are positive on NAV over the last week. BlackRock CEFs are repurchasing their shares.
HYT has announced its rights offering results. Subscribers received a slim discount to the market price.
HYT finalized its rights offering on October 13, 2022. The rights offering is expected to result in the issuance of more than 20.3 million new shares.
True, a recession could be coming. But the underlying math of low defaults, solid companies with cleaned-up balance sheets, and higher yields creates an opportunity for investors.
HYT rights offering is announced. The subscription floor has a floor at a -10% discount.
14 out of 23 CEF sectors were positive on price and 16 out of 23 sectors were positive on NAV last week. HYT conducts a rights offering.
BlackRock Corporate High Yield Fund is a closed end fund focused on high-yield debt. The fund came out yesterday with a rights offering announcement.
Bonds have performed poorly since the start of the year due to an abrupt rebalancing of monetary policy. While inflation has been the primary topic of discussion, I believe that the greatest threat hanging over the high-yield credit market today is a slowdown in economic activity.