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 VI, 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 VI, Inc., 55 East 52nd Street, New York, NY 10055

 

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

 

Date of fiscal year end: 08/31/2011

 

Date of reporting period: 05/31/2011

 

Item 1 – Schedule of Investments

 

 

 

 

Schedule of Investments May 31, 2011 (Unaudited)

BlackRock Corporate High Yield Fund VI, Inc. (HYT)
 (Percentages shown are based on Net Assets)


 

 

 

 

 

 

 

 

Common Stocks

 

Shares

 

Value

 

Auto Components — 1.0%

 

 

 

 

 

 

 

Dana Holding Corp. (a)

 

 

111,650

 

$

2,023,098

 

Lear Corp.

 

 

46,100

 

 

2,342,802

 

 

 

 

 

 

 

4,365,900

 

Capital Markets — 0.2%

 

 

 

 

 

 

 

E*Trade Financial Corp. (a)

 

 

46,400

 

 

733,584

 

Chemicals — 0.2%

 

 

 

 

 

 

 

CF Industries Holdings, Inc.

 

 

5,800

 

 

891,924

 

Wellman Holdings, Inc.

 

 

441

 

 

1,433

 

Wellman Inc. (b)

 

 

2,175

 

 

7,069

 

 

 

 

 

 

 

900,426

 

Commercial Banks — 0.2%

 

 

 

 

 

 

 

CIT Group, Inc. (a)

 

 

21,556

 

 

955,578

 

Communications Equipment — 0.6%

 

 

 

 

 

 

 

Loral Space & Communications
Ltd. (a)

 

 

36,431

 

 

2,423,390

 

Diversified Financial Services — 1.2%

 

 

 

 

 

 

 

Bank of America Corp.

 

 

89,000

 

 

1,045,750

 

Kcad Holdings I Ltd.

 

 

301,118,404

 

 

4,146,400

 

 

 

 

 

 

 

5,192,150

 

Electrical Equipment — 0.0%

 

 

 

 

 

 

 

Medis Technologies Ltd. (a)

 

 

116,910

 

 

1,987

 

Hotels, Restaurants & Leisure — 0.0%

 

 

 

 

 

 

 

Buffets Restaurants Holdings, Inc. (a)

 

 

1,816

 

 

7,264

 

Machinery — 0.0%

 

 

 

 

 

 

 

Navistar International Corp. (a)

 

 

2,988

 

 

196,820

 

Media — 1.5%

 

 

 

 

 

 

 

Belo Corp., Class A

 

 

102,559

 

 

814,319

 

Charter Communications, Inc. (a)

 

 

101,076

 

 

5,709,783

 

Clear Channel Outdoor Holdings,
Inc., Class A (a)

 

 

16,704

 

 

247,219

 

 

 

 

 

 

 

6,771,321

 

Metals & Mining — 0.1%

 

 

 

 

 

 

 

African Minerals Ltd. (a)

 

 

72,301

 

 

652,954

 

Oil, Gas & Consumable Fuels — 0.7%

 

 

 

 

 

 

 

Alpha Natural Resources, Inc. (a)

 

 

19,000

 

 

1,041,010

 

Marathon Oil Corp.

 

 

35,600

 

 

1,928,452

 

 

 

 

 

 

 

2,969,462

 

Paper & Forest Products — 0.3%

 

 

 

 

 

 

 

Ainsworth Lumber Co. Ltd. (a)

 

 

221,591

 

 

686,146

 

Ainsworth Lumber Co. Ltd. (a)(c)

 

 

192,951

 

 

597,464

 

Western Forest Products, Inc. (a)(c)

 

 

78,039

 

 

71,688

 

 

 

 

 

 

 

1,355,298

 

 

 

 

 

 

 

 

 

Common Stocks

 

Shares

 

Value

 

Pharmaceuticals — 0.1%

 

 

 

 

 

 

 

Teva Pharmaceutical Industries - ADR

 

 

8,000

 

$

407,200

 

Road & Rail — 0.4%

 

 

 

 

 

 

 

Dollar Thrifty Automotive Group,
Inc. (a)

 

 

20,600

 

 

1,708,770

 

Semiconductors & Semiconductor
Equipment — 0.4%

 

 

 

 

 

 

 

Spansion, Inc., Class A (a)

 

 

84,200

 

 

1,686,526

 

SunPower Corp., Class B (a)

 

 

1,235

 

 

25,676

 

 

 

 

 

 

 

1,712,202

 

Software — 0.2%

 

 

 

 

 

 

 

Bankruptcy Management
Solutions, Inc.

 

 

787

 

 

8

 

HMH Holdings/EduMedia

 

 

141,287

 

 

706,434

 

 

 

 

 

 

 

706,442

 

Total Common Stocks – 7.1%

 

 

 

 

 

31,060,748

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Bonds

 

Par
(000)

 

Value

 

Aerospace & Defense — 0.6%

 

 

 

 

 

 

 

Huntington Ingalls Industries, Inc. (c):

 

 

 

 

 

 

 

6.88%, 3/15/18

 

USD

340

 

 

354,450

 

7.13%, 3/15/21

 

 

630

 

 

657,563

 

Kratos Defense & Security Solutions,
Inc.:

 

 

 

 

 

 

 

10.00%, 6/01/17

 

 

730

 

 

803,000

 

10.00%, 6/01/17 (c)

 

 

684

 

 

752,400

 

 

 

 

 

 

 

2,567,413

 

Airlines — 2.8%

 

 

 

 

 

 

 

Air Canada, 9.25%, 8/01/15 (c)

 

 

1,390

 

 

1,443,863

 

American Airlines, Inc.:

 

 

 

 

 

 

 

10.50%, 10/15/12

 

 

1,470

 

 

1,565,550

 

7.50%, 3/15/16 (c)

 

 

220

 

 

217,250

 

American Airlines, Inc., Pass-
Through Trust, Series 2001-2,
7.86%, 4/01/13

 

 

510

 

 

520,200

 

Continental Airlines, Inc.:

 

 

 

 

 

 

 

6.75%, 9/15/15 (c)

 

 

900

 

 

913,500

 

Series 1997-4-B, 6.90%,
7/02/18

 

 

1,132

 

 

1,133,096

 

Series 2001-1-C, 7.03%,
12/15/12

 

 

284

 

 

275,762

 

Series 2010-1-B, 6.00%,
1/12/19

 

 

700

 

 

679,000

 

 

Portfolio Abbreviations

To simplify the listings of portfolio holdings in the Schedule of Investments, the names and descriptions of many of the securities have been abbreviated according to the following list:

 

 

ADR

American Depository Receipts

CAD

Canadian Dollar

ETF

Exchange-Traded Fund

EUR

Euro

FKA

Formerly Known As

GBP

British Pound

SPDR

Standard and Poor’s Depository Receipts

USD

US Dollar

 

 

 

 

BLACKROCK CORPORATE HIGH YIELD FUND VI, INC.

MAY 31, 2011

1


 

 

 

Schedule of Investments (continued)

BlackRock Corporate High Yield Fund VI, Inc. (HYT)
 (Percentages shown are based on Net Assets)


 

 

 

 

 

 

 

 

Corporate Bonds

 

Par
(000)

 

Value

 

Airlines (concluded)

 

 

 

 

 

 

 

Delta Air Lines, Inc.:

 

 

 

 

 

 

 

Series 2010-1-B, 6.38%,
7/02/17

 

USD

900

 

$

859,500

 

Series B, 9.75%, 12/17/16

 

 

1,443

 

 

1,529,444

 

United Air Lines, Inc., 12.75%,
7/15/12

 

 

3,064

 

 

3,351,348

 

 

 

 

 

 

 

12,488,513

 

Auto Components — 1.6%

 

 

 

 

 

 

 

Allison Transmission, Inc., 11.00%,
11/01/15 (c)

 

 

360

 

 

387,000

 

B-Corp Merger Sub, Inc., 8.25%,
6/01/19 (c)(d)

 

 

325

 

 

328,656

 

Delphi Corp., 6.13%, 5/15/21 (c)

 

 

260

 

 

260,000

 

Exide Technologies, 8.63%,
2/01/18 (c)

 

 

290

 

 

308,125

 

Icahn Enterprises LP, 8.00%,
1/15/18

 

 

5,060

 

 

5,211,800

 

International Automotive
Components Group, 9.13%,
6/01/18 (c)(d)

 

 

640

 

 

652,982

 

 

 

 

 

 

 

7,148,563

 

Beverages — 0.2%

 

 

 

 

 

 

 

Cott Beverages USA, Inc., 8.13%,
9/01/18

 

 

413

 

 

442,943

 

Crown European Holdings SA,
7.13%, 8/15/18 (c)

 

EUR

380

 

 

571,466

 

 

 

 

 

 

 

1,014,409

 

Biotechnology — 0.2%

 

 

 

 

 

 

 

QHP Pharma, 10.25%, 3/15/15
(c)

 

USD

687

 

 

700,682

 

Building Products — 1.5%

 

 

 

 

 

 

 

Associated Materials LLC, 9.13%,
11/01/17 (c)

 

 

350

 

 

361,812

 

Building Materials Corp. of America (c):

 

 

 

 

 

 

 

7.00%, 2/15/20

 

 

700

 

 

731,500

 

6.75%, 5/01/21

 

 

1,620

 

 

1,632,150

 

Griffon Corp., 7.13%, 4/01/18 (c)

 

 

660

 

 

673,200

 

Momentive Performance Materials, Inc.:

 

 

 

 

 

 

 

11.50%, 12/01/16

 

 

420

 

 

452,550

 

9.00%, 1/15/21 (c)

 

 

1,685

 

 

1,802,950

 

Nortek, Inc., 10.00%, 12/01/18 (c)

 

 

940

 

 

977,600

 

 

 

 

 

 

 

6,631,762

 

Capital Markets — 0.6%

 

 

 

 

 

 

 

American Capital Ltd., 7.96%,
12/31/13 (e)

 

 

780

 

 

802,090

 

E*Trade Financial Corp.:

 

 

 

 

 

 

 

12.50%, 11/30/17 (f)

 

 

220

 

 

264,550

 

3.43%, 8/31/19 (c)(g)(h)

 

 

380

 

 

580,925

 

KKR Group Finance Co., 6.38%,
9/29/20 (c)

 

 

1,020

 

 

1,088,149

 

 

 

 

 

 

 

2,735,714

 

 

 

 

 

 

 

 

 

Corporate Bonds

 

Par
(000)

 

Value

 

Chemicals — 3.5%

 

 

 

 

 

 

 

American Pacific Corp., 9.00%,
2/01/15

 

USD

1,400

 

$

1,372,000

 

American Rock Salt Co. LLC,
8.25%, 5/01/18 (c)

 

 

213

 

 

215,663

 

Chemtura Corp., 7.88%, 9/01/18 (c)

 

 

825

 

 

895,125

 

Georgia Gulf Corp., 9.00%,
1/15/17 (c)

 

 

260

 

 

286,000

 

Hexion U.S. Finance Corp.:

 

 

 

 

 

 

 

8.88%, 2/01/18

 

 

1,075

 

 

1,154,281

 

9.00%, 11/15/20 (c)

 

 

485

 

 

521,375

 

Huntsman International LLC:

 

 

 

 

 

 

 

6.88%, 11/15/13 (c)

 

EUR

440

 

 

649,034

 

8.63%, 3/15/21

 

USD

570

 

 

637,688

 

Ineos Finance Plc, 9.00%,
5/15/15 (c)

 

 

655

 

 

709,856

 

KRATON Polymers LLC, 6.75%,
3/01/19 (c)

 

 

195

 

 

196,950

 

MacDermid, Inc., 9.50%, 4/15/17 (c)

 

 

1,985

 

 

2,118,987

 

Nexeo Solutions LLC, 8.38%,
3/01/18 (c)

 

 

290

 

 

301,600

 

OXEA Finance/Cy SCA, 9.50%,
7/15/17 (c)

 

 

1,002

 

 

1,108,462

 

Omnova Solutions, Inc., 7.88%,
11/01/18 (c)

 

 

915

 

 

925,294

 

Polymer Group, Inc., 7.75%,
2/01/19 (c)

 

 

228

 

 

234,840

 

PolyOne Corp., 7.38%, 9/15/20

 

 

335

 

 

358,869

 

Rhodia SA, 6.88%, 9/15/20 (c)

 

 

505

 

 

588,956

 

TPC Group LLC, 8.25%, 10/01/17 (c)

 

 

520

 

 

556,400

 

Wellman Holdings, Inc., Subordinate
Note (h):

 

 

 

 

 

 

 

(Second Lien), 10.00%,
1/29/19

 

 

1,450

 

 

2,015,500

 

(Third Lien), 5.00%, 1/29/19
(f)

 

 

488

 

 

346,315

 

 

 

 

 

 

 

15,193,195

 

Commercial Banks — 3.1%

 

 

 

 

 

 

 

CIT Group, Inc.:

 

 

 

 

 

 

 

7.00%, 5/01/16

 

 

2,995

 

 

3,006,231

 

7.00%, 5/01/17

 

 

8,815

 

 

8,848,056

 

6.63%, 4/01/18 (c)

 

 

1,637

 

 

1,721,345

 

 

 

 

 

 

 

13,575,632

 

Commercial Services & Supplies — 1.7%

 

 

 

 

 

 

 

ACCO Brands Corp., 10.63%,
3/15/15

 

 

1,170

 

 

1,313,325

 

Aviation Capital Group Corp.,
6.75%, 4/06/21 (c)

 

 

840

 

 

849,526

 

AWAS Aviation Capital Ltd., 7.00%,
10/15/16 (c)

 

 

168

 

 

173,835

 

Brickman Group Holdings, Inc.,
9.13%, 11/01/18 (c)

 

 

815

 

 

845,563

 

Casella Waste Systems, Inc.,
7.75%, 2/15/19 (c)

 

 

1,016

 

 

1,028,700

 

 

 

 

 

BLACKROCK CORPORATE HIGH YIELD FUND VI, INC.

MAY 31, 2011

2


 

 

 

Schedule of Investments (continued)

BlackRock Corporate High Yield Fund VI, Inc. (HYT)
 (Percentages shown are based on Net Assets)


 

 

 

 

 

 

 

 

Corporate Bonds

 

Par
(000)

 

Value

 

Commercial Services & Supplies
(concluded)

 

 

 

 

 

 

 

Clean Harbors, Inc., 7.63%,
8/15/16 (c)

 

USD

590

 

$

629,825

 

Mobile Mini, Inc., 7.88%,
12/01/20 (c)

 

 

360

 

 

380,700

 

RSC Equipment Rental, Inc.:

 

 

 

 

 

 

 

10.00%, 7/15/17 (c)

 

 

935

 

 

1,060,056

 

8.25%, 2/01/21

 

 

913

 

 

942,672

 

West Corp., 8.63%, 10/01/18 (c)

 

 

210

 

 

221,288

 

 

 

 

 

 

 

7,445,490

 

Communications Equipment — 0.7%

 

 

 

 

 

 

 

Avaya, Inc.:

 

 

 

 

 

 

 

9.75%, 11/01/15

 

 

750

 

 

779,063

 

10.13%, 11/01/15 (f)

 

 

1,000

 

 

1,040,000

 

7.00%, 4/01/19 (c)

 

 

670

 

 

654,925

 

EH Holding Corp., 6.50%, 6/15/19
(c)(d)

 

 

580

 

 

586,525

 

 

 

 

 

 

 

3,060,513

 

Construction & Engineering —
0.1%

 

 

 

 

 

 

 

Boart Longyear Management Ltd.,
7.00%, 4/01/21 (c)

 

 

300

 

 

312,375

 

Construction Materials — 0.1%

 

 

 

 

 

 

 

Calcipar SA, 6.88%, 5/01/18 (c)

 

 

520

 

 

538,200

 

Consumer Finance — 1.2%

 

 

 

 

 

 

 

Credit Acceptance Corp., 9.13%,
2/01/17

 

 

1,080

 

 

1,171,800

 

Ford Motor Credit Co. LLC:

 

 

 

 

 

 

 

3.03%, 1/13/12 (i)

 

 

340

 

 

342,155

 

7.80%, 6/01/12

 

 

300

 

 

315,580

 

7.00%, 4/15/15

 

 

2,790

 

 

3,047,799

 

6.63%, 8/15/17

 

 

185

 

 

201,628

 

 

 

 

 

 

 

5,078,962

 

Containers & Packaging — 1.9%

 

 

 

 

 

 

 

Ardagh Packaging Finance Plc,
7.38%, 10/15/17 (c)

 

EUR

680

 

 

1,005,499

 

Ball Corp., 6.75%, 9/15/20

 

USD

785

 

 

835,044

 

Berry Plastics Corp.:

 

 

 

 

 

 

 

8.25%, 11/15/15

 

 

215

 

 

230,587

 

9.75%, 1/15/21

 

 

1,435

 

 

1,436,794

 

GCL Holdings SCA, 9.38%,
4/15/18 (c)

 

EUR

414

 

 

614,495

 

Graphic Packaging International,
Inc., 7.88%, 10/01/18

 

USD

620

 

 

675,800

 

OI European Group BV, 6.88%,
3/31/17

 

EUR

254

 

 

374,213

 

Pregis Corp., 12.38%, 10/15/13

 

USD

905

 

 

898,212

 

Smurfit Kappa Acquisitions (c):

 

 

 

 

 

 

 

7.25%, 11/15/17

 

EUR

785

 

 

1,166,408

 

7.75%, 11/15/19

 

 

745

 

 

1,117,695

 

 

 

 

 

 

 

8,354,747

 

 

 

 

 

 

 

 

 

Corporate Bonds

 

Par
(000)

 

Value

 

Diversified Consumer Services — 1.2%

 

 

 

 

 

 

 

Service Corp. International, 7.00%,
6/15/17

 

USD

4,775

 

$

5,198,781

 

Diversified Financial Services — 5.4%

 

 

 

 

 

 

 

Ally Financial, Inc.:

 

 

 

 

 

 

 

7.50%, 12/31/13

 

 

700

 

 

756,000

 

8.30%, 2/12/15

 

 

950

 

 

1,059,250

 

6.25%, 12/01/17 (c)

 

 

820

 

 

844,730

 

8.00%, 3/15/20

 

 

550

 

 

607,063

 

7.50%, 9/15/20 (c)

 

 

1,050

 

 

1,130,062

 

8.00%, 11/01/31

 

 

1,370

 

 

1,503,286

 

8.00%, 11/01/31

 

 

2,720

 

 

3,012,400

 

Axcan Intermediate Holdings, Inc.,
12.75%, 3/01/16

 

 

695

 

 

766,238

 

FCE Bank Plc, 7.13%, 1/15/13

 

EUR

1,450

 

 

2,194,159

 

General Motors Financial Co., Inc.,
6.75%, 6/01/18 (c)(d)

 

USD

1,210

 

 

1,219,200

 

KION Finance SA, 7.88%, 4/15/18
(c)

 

EUR

251

 

 

352,184

 

Leucadia National Corp., 8.13%,
9/15/15

 

USD

1,870

 

 

2,075,700

 

Reynolds Group DL Escrow, Inc.,
8.50%, 10/15/16 (c)

 

 

1,667

 

 

1,783,690

 

Reynolds Group Issuer, Inc. (c):

 

 

 

 

 

 

 

8.50%, 10/15/16

 

 

600

 

 

905,553

 

8.50%, 10/15/16 (j)

 

EUR

268

 

 

404,480

 

7.13%, 4/15/19

 

USD

385

 

 

400,400

 

9.00%, 4/15/19

 

 

1,950

 

 

2,069,437

 

6.88%, 2/15/21

 

 

1,135

 

 

1,170,469

 

8.25%, 2/15/21

 

 

1,495

 

 

1,521,162

 

 

 

 

 

 

 

23,775,463

 

Diversified Telecommunication
Services — 3.8%

 

 

 

 

 

 

 

Broadview Networks Holdings, Inc.,
11.38%, 9/01/12

 

 

1,680

 

 

1,646,400

 

GCI, Inc., 6.75%, 6/01/21 (c)

 

 

444

 

 

448,440

 

ITC Deltacom, Inc., 10.50%,
4/01/16

 

 

440

 

 

475,200

 

Level 3 Escrow, Inc., 8.13%,
7/01/19 (c)(d)

 

 

2,170

 

 

2,191,700

 

Level 3 Financing, Inc.:

 

 

 

 

 

 

 

9.25%, 11/01/14

 

 

129

 

 

132,870

 

8.75%, 2/15/17

 

 

1,550

 

 

1,596,500

 

10.00%, 2/01/18

 

 

160

 

 

173,200

 

Qwest Communications International,
Inc.:

 

 

 

 

 

 

 

7.50%, 2/15/14

 

 

3,190

 

 

3,233,862

 

8.00%, 10/01/15

 

 

900

 

 

985,500

 

Series B, 7.50%, 2/15/14

 

 

2,370

 

 

2,402,588

 

Qwest Corp., 7.63%, 6/15/15

 

 

875

 

 

1,004,609

 

Windstream Corp.:

 

 

 

 

 

 

 

8.13%, 8/01/13

 

 

703

 

 

771,543

 

7.88%, 11/01/17

 

 

1,447

 

 

1,582,656

 

 

 

 

 

 

 

16,645,068

 

 

 

 

 

BLACKROCK CORPORATE HIGH YIELD FUND VI, INC.

MAY 31, 2011

3


 

 

 

Schedule of Investments (continued)

BlackRock Corporate High Yield Fund VI, Inc. (HYT)
 (Percentages shown are based on Net Assets)


 

 

 

 

 

 

 

 

Corporate Bonds

 

Par
(000)

 

Value

 

Electronic Equipment, Instruments
& Components — 0.5%

 

 

 

 

 

 

 

CDW LLC:

 

 

 

 

 

 

 

11.00%, 10/12/15

 

USD

17

 

$

18,275

 

11.50%, 10/12/15 (f)

 

 

1,030

 

 

1,111,112

 

8.00%, 12/15/18 (c)

 

 

880

 

 

943,800

 

Elster Finance BV, 6.25%,
4/15/18 (c)

 

EUR

173

 

 

248,987

 

 

 

 

 

 

 

2,322,174

 

Energy Equipment & Services — 1.5%

 

 

 

 

 

 

 

Calfrac Holdings LP, 7.50%,
12/01/20 (c)

 

USD

380

 

 

393,300

 

Compagnie Generale de Geophysique-
Veritas:

 

 

 

 

 

 

 

7.50%, 5/15/15

 

 

199

 

 

203,975

 

7.75%, 5/15/17

 

 

395

 

 

414,750

 

Exterran Holdings, Inc., 7.25%,
12/01/18 (c)

 

 

685

 

 

705,550

 

Frac Tech Services LLC, 7.13%,
11/15/18 (c)

 

 

1,250

 

 

1,325,000

 

Key Energy Services, Inc., 6.75%,
3/01/21

 

 

700

 

 

708,750

 

MEG Energy Corp., 6.50%,
3/15/21 (c)

 

 

905

 

 

911,787

 

Oil States International, Inc.,
6.50%, 6/01/19 (c)(d)

 

 

1,095

 

 

1,101,844

 

Thermon Industries, Inc., 9.50%,
5/01/17

 

 

680

 

 

725,900

 

 

 

 

 

 

 

6,490,856

 

Food & Staples Retailing — 0.5%

 

 

 

 

 

 

 

BI-LO LLC, 9.25%, 2/15/19 (c)

 

 

380

 

 

393,300

 

Rite Aid Corp.:

 

 

 

 

 

 

 

9.75%, 6/12/16

 

 

660

 

 

737,550

 

7.50%, 3/01/17

 

 

945

 

 

949,725

 

 

 

 

 

 

 

2,080,575

 

Food Products — 0.8%

 

 

 

 

 

 

 

Blue Merger Sub, Inc., 7.63%,
2/15/19 (c)

 

 

1,640

 

 

1,673,825

 

Boparan Holdings, Ltd. (c):

 

 

 

 

 

 

 

9.75%, 4/30/18

 

EUR

166

 

 

240,085

 

9.88%, 4/30/18

 

GBP

225

 

 

368,301

 

Darling International, Inc., 8.50%,
12/15/18 (c)

 

USD

375

 

 

408,750

 

JBS USA LLC, 7.25%, 6/01/21 (c)

 

 

200

 

 

196,000

 

Reddy Ice Corp., 11.25%, 3/15/15

 

 

690

 

 

712,425

 

Smithfield Foods, Inc., 10.00%,
7/15/14

 

 

102

 

 

119,340

 

 

 

 

 

 

 

3,718,726

 

Health Care Equipment & Supplies — 1.3%

 

 

 

 

 

 

 

DJO Finance LLC:

 

 

 

 

 

 

 

10.88%, 11/15/14

 

 

3,595

 

 

3,882,600

 

7.75%, 4/15/18 (c)

 

 

215

 

 

220,912

 

Hologic, Inc., 2.00%, 12/15/37
(e)(h)

 

 

395

 

 

385,619

 

 

 

 

 

 

 

 

 

Corporate Bonds

 

Par
(000)

 

 

Value

 

Health Care Equipment & Supplies
(concluded)

 

 

 

 

 

 

 

IASIS Healthcare LLC, 8.38%,
5/15/19 (c)

 

USD

1,445

 

$

1,454,031

 

 

 

 

 

 

 

5,943,162

 

Health Care Providers & Services
— 5.8%

 

 

 

 

 

 

 

Aviv Healthcare Properties LP,
7.75%, 2/15/19 (c)

 

 

640

 

 

654,400

 

ConvaTec Healthcare E SA (c):

 

 

 

 

 

 

 

7.38%, 12/15/17

 

EUR

800

 

 

1,185,818

 

10.50%, 12/15/18

 

USD

740

 

 

799,200

 

Crown Newco 3 Plc, 7.00%,
2/15/18 (c)

 

GBP

575

 

 

945,875

 

DaVita, Inc., 6.38%, 11/01/18

 

USD

620

 

 

634,725

 

Gentiva Health Services, Inc.,
11.50%, 9/01/18

 

 

1,095

 

 

1,233,244

 

HCA, Inc.:

 

 

 

 

 

 

 

9.13%, 11/15/14

 

 

2,745

 

 

2,870,241

 

8.50%, 4/15/19

 

 

470

 

 

525,812

 

7.25%, 9/15/20

 

 

4,505

 

 

4,910,450

 

HealthSouth Corp., 8.13%,
2/15/20

 

 

335

 

 

368,500

 

inVentiv Health, Inc., 10.00%,
8/15/18 (c)

 

 

1,020

 

 

1,062,075

 

Omnicare, Inc.:

 

 

 

 

 

 

 

6.13%, 6/01/13

 

 

29

 

 

29,000

 

6.88%, 12/15/15

 

 

675

 

 

693,562

 

7.75%, 6/01/20

 

 

980

 

 

1,052,275

 

STHI Holding Corp., 8.00%,
3/15/18 (c)

 

 

495

 

 

509,850

 

Tenet Healthcare Corp.:

 

 

 

 

 

 

 

9.00%, 5/01/15

 

 

2,935

 

 

3,195,481

 

10.00%, 5/01/18

 

 

1,050

 

 

1,202,250

 

8.88%, 7/01/19

 

 

3,360

 

 

3,738,000

 

 

 

 

 

 

 

25,610,758

 

Health Care Technology — 1.2%

 

 

 

 

 

 

 

IMS Health, Inc., 12.50%, 3/01/18 (c)

 

 

3,760

 

 

4,474,400

 

MedAssets, Inc., 8.00%, 11/15/18 (c)

 

 

590

 

 

608,437

 

 

 

 

 

 

 

5,082,837

 

Hotels, Restaurants & Leisure — 2.3%

 

 

 

 

 

 

 

Boyd Gaming Corp., 9.13%,
12/01/18 (c)

 

 

200

 

 

207,250

 

Caesars Entertainment Operating
Co., Inc., 10.00%, 12/15/18

 

 

3,290

 

 

3,043,250

 

Cirsa Funding Luxembourg SA,
8.75%, 5/15/18 (c)

 

EUR

81

 

 

121,230

 

Diamond Resorts Corp., 12.00%,
8/15/18 (c)

 

USD

1,860

 

 

2,004,150

 

El Dorado Resorts LLC, 8.63%,
6/15/19 (c)(d)

 

 

460

 

 

457,700

 

Enterprise Inns Plc, 6.50%,
12/06/18

 

GBP

501

 

 

735,549

 

 

 

 

 

BLACKROCK CORPORATE HIGH YIELD FUND VI, INC.

MAY 31, 2011

4


 

 

 

Schedule of Investments (continued)

BlackRock Corporate High Yield Fund VI, Inc. (HYT)
 (Percentages shown are based on Net Assets)


 

 

 

 

 

 

 

 

Corporate Bonds

 

Par
(000)

 

Value

 

Hotels, Restaurants & Leisure
(concluded)

 

 

 

 

 

 

 

Harrah’s Operating Co., Inc.,
11.25%, 6/01/17

 

USD

320

 

$

360,000

 

Little Traverse Bay Bands of Odawa
Indians, 9.00%, 8/31/20 (c)

 

 

441

 

 

396,900

 

MGM Resorts International:

 

 

 

 

 

 

 

10.38%, 5/15/14

 

 

415

 

 

479,325

 

11.13%, 11/15/17

 

 

1,310

 

 

1,519,600

 

Sugarhouse HSP Gaming Property
Mezzanine LP, 8.63%, 4/15/16 (c)

 

 

230

 

 

237,475

 

Travelport LLC:

 

 

 

 

 

 

 

4.94%, 9/01/14 (i)

 

 

195

 

 

169,650

 

9.88%, 9/01/14

 

 

115

 

 

106,662

 

9.00%, 3/01/16

 

 

190

 

 

166,725

 

Tropicana Entertainment LLC, Series WI,
9.63%, 12/15/14 (a)(k)

 

 

515

 

 

52

 

Vail Resorts, Inc., 6.50%, 5/01/19 (c)

 

 

285

 

 

291,056

 

 

 

 

 

 

 

10,296,574

 

Household Durables — 3.0%

 

 

 

 

 

 

 

American Standard Americas,
10.75%, 1/15/16 (c)

 

 

630

 

 

659,925

 

Ashton Woods USA LLC, 11.00%,
6/30/15 (c)(j)

 

 

1,360

 

 

819,400

 

Beazer Homes USA, Inc.:

 

 

 

 

 

 

 

8.13%, 6/15/16

 

 

495

 

 

472,725

 

12.00%, 10/15/17

 

 

2,080

 

 

2,350,400

 

9.13%, 6/15/18

 

 

2,235

 

 

2,123,250

 

Ideal Standard International sprl,
11.75%, 5/01/18 (c)

 

EUR

128

 

 

190,191

 

Jarden Corp., 7.50%, 1/15/20

 

 

455

 

 

676,071

 

Ryland Group, Inc., 6.63%,
5/01/20

 

USD

1,045

 

 

1,014,956

 

Standard Pacific Corp.:

 

 

 

 

 

 

 

10.75%, 9/15/16

 

 

2,355

 

 

2,720,025

 

8.38%, 5/15/18

 

 

965

 

 

981,888

 

8.38%, 1/15/21

 

 

1,210

 

 

1,213,025

 

 

 

 

 

 

 

13,221,856

 

Household Products — 0.1%

 

 

 

 

 

 

 

Ontex IV SA, 7.50%, 4/15/18 (c)

 

EUR

220

 

 

322,934

 

IT Services — 2.2%

 

 

 

 

 

 

 

Eagle Parent Canada, Inc., 8.63%,
5/01/19 (c)

 

USD

1,610

 

 

1,628,112

 

First Data Corp.:

 

 

 

 

 

 

 

9.88%, 9/24/15

 

 

300

 

 

309,750

 

9.88%, 9/24/15

 

 

540

 

 

556,200

 

7.38%, 6/15/19 (c)

 

 

1,355

 

 

1,378,713

 

8.88%, 8/15/20 (c)

 

 

830

 

 

900,550

 

12.63%, 1/15/21 (c)

 

 

3,095

 

 

3,365,812

 

SunGard Data Systems, Inc.:

 

 

 

 

 

 

 

7.38%, 11/15/18

 

 

740

 

 

754,800

 

 

 

 

 

 

 

 

 

Corporate Bonds

 

Par
(000)

 

Value

 

IT Services (concluded)

 

 

 

 

 

 

 

SunGard Data Systems, Inc.:

 

 

 

 

 

 

 

7.63%, 11/15/20

 

USD

930

 

$

964,875

 

 

 

 

 

 

 

9,858,812

 

Independent Power Producers &
Energy Traders — 3.1%

 

 

 

 

 

 

 

Calpine Corp. (c):

 

 

 

 

 

 

 

7.50%, 2/15/21

 

 

730

 

 

759,200

 

7.88%, 1/15/23

 

 

995

 

 

1,042,262

 

Energy Future Holdings Corp.:

 

 

 

 

 

 

 

10.00%, 1/15/20 (c)

 

 

5,200

 

 

5,629,822

 

Series R, 6.55%, 11/15/34

 

 

605

 

 

314,600

 

Energy Future Intermediate
Holding Co. LLC, 10.00%,
12/01/20

 

 

271

 

 

294,755

 

NRG Energy, Inc., 7.63%, 1/15/18 (c)

 

 

3,360

 

 

3,393,600

 

Texas Competitive Electric Holdings Co.
LLC:

 

 

 

 

 

 

 

10.25%, 11/01/15

 

 

1,290

 

 

822,375

 

11.50%, 10/01/20 (c)

 

 

1,282

 

 

1,298,025

 

 

 

 

 

 

 

13,554,639

 

Industrial Conglomerates — 2.5%

 

 

 

 

 

 

 

Alba Group Plc & Co., KG, 8.00%,
5/15/18 (c)

 

EUR

107

 

 

158,900

 

Sequa Corp. (c):

 

 

 

 

 

 

 

11.75%, 12/01/15

 

USD

3,810

 

 

4,076,700

 

13.50%, 12/01/15 (f)

 

 

6,236

 

 

6,672,640

 

 

 

 

 

 

 

10,908,240

 

Insurance — 1.4%

 

 

 

 

 

 

 

Alliant Holdings I, Inc., 11.00%,
5/01/15 (c)

 

 

2,600

 

 

2,762,500

 

CNO Financial Group, Inc., 9.00%,
1/15/18 (c)

 

 

723

 

 

780,840

 

Genworth Financial, Inc.:

 

 

 

 

 

 

 

7.63%, 9/24/21

 

 

660

 

 

688,536

 

6.15%, 11/15/66 (i)

 

 

1,335

 

 

1,031,288

 

USI Holdings Corp., 4.14%,
11/15/14 (c)(i)

 

 

1,070

 

 

1,024,525

 

 

 

 

 

 

 

6,287,689

 

Leisure Equipment & Products —
0.0%

 

 

 

 

 

 

 

Cinemark USA, Inc., 7.38%,
6/15/21 (c)

 

 

155

 

 

155,000

 

Machinery — 1.6%

 

 

 

 

 

 

 

AGY Holding Corp., 11.00%,
11/15/14

 

 

1,650

 

 

1,606,687

 

Navistar International Corp.:

 

 

 

 

 

 

 

3.00%, 10/15/14 (h)

 

 

3,060

 

 

4,452,300

 

8.25%, 11/01/21

 

 

210

 

 

230,738

 

Oshkosh Corp., 8.25%, 3/01/17

 

 

130

 

 

141,700

 

Titan International, Inc., 7.88%,
10/01/17 (c)

 

 

720

 

 

774,000

 

 

 

 

 

 

 

7,205,425

 

 

 

 

 

BLACKROCK CORPORATE HIGH YIELD FUND VI, INC.

MAY 31, 2011

5


 

 

 

Schedule of Investments (continued)

BlackRock Corporate High Yield Fund VI, Inc. (HYT)
 (Percentages shown are based on Net Assets)


 

 

 

 

 

 

 

 

Corporate Bonds

 

Par
(000)

 

Value

 

Media — 15.1%

 

 

 

 

 

 

 

AMC Entertainment, Inc., 8.75%,
6/01/19

 

 

630

 

 

676,462

 

Affinion Group, Inc., 7.88%,
12/15/18 (c)

 

USD

1,260

 

$

1,197,000

 

CCH II LLC, 13.50%, 11/30/16

 

 

4,746

 

 

5,648,199

 

CCO Holdings LLC:

 

 

 

 

 

 

 

7.25%, 10/30/17

 

 

80

 

 

83,200

 

7.88%, 4/30/18

 

 

160

 

 

169,600

 

6.50%, 4/30/21

 

 

1,355

 

 

1,334,675

 

Catalina Marketing Corp., 10.50%,
10/01/15 (c)(f)

 

 

935

 

 

995,775

 

Cengage Learning Acquisitions,
Inc., 10.50%, 1/15/15 (c)

 

 

1,340

 

 

1,273,000

 

Checkout Holding Corp., 10.98%,
11/15/15 (c)(g)

 

 

1,360

 

 

894,200

 

Citadel Broadcasting Corp., 7.75%,
12/15/18 (c)

 

 

595

 

 

643,344

 

Clear Channel Worldwide Holdings, Inc.:

 

 

 

 

 

 

 

9.25%, 12/15/17

 

 

2,368

 

 

2,581,120

 

Series B, 9.25%, 12/15/17

 

 

8,711

 

 

9,516,767

 

CMP Susquehanna Corp., 3.52%,
5/15/14 (c)

 

 

254

 

 

241,300

 

Cox Enterprises, Inc. (c):

 

 

 

 

 

 

 

Loan Close 2, 4.00%,
8/15/18

 

 

1,019

 

 

1,018,664

 

Loan Close 3, 12.00%,
8/15/18

 

 

1,165

 

 

1,164,625

 

Shares Loan, 4.00%, 8/15/18

 

 

1,201

 

 

1,201,138

 

CSC Holdings, Inc., 8.50%, 4/15/14

 

 

550

 

 

616,000

 

Cumulus Media, Inc., 7.75%,
5/01/19 (c)

 

 

555

 

 

555,000

 

DISH DBS Corp.:

 

 

 

 

 

 

 

7.00%, 10/01/13

 

 

150

 

 

161,625

 

6.75%, 6/01/21 (c)

 

 

1,330

 

 

1,343,300

 

Gray Television, Inc., 10.50%,
6/29/15

 

 

1,425

 

 

1,514,062

 

Harland Clarke Holdings Corp.:

 

 

 

 

 

 

 

6.00%, 5/15/15 (i)

 

 

550

 

 

475,750

 

9.50%, 5/15/15

 

 

545

 

 

517,750

 

Intelsat Luxembourg SA:

 

 

 

 

 

 

 

11.25%, 6/15/16

 

 

860

 

 

911,600

 

11.50%, 2/04/17 (f)

 

 

390

 

 

422,663

 

11.50%, 2/04/17 (c)(f)

 

 

1,860

 

 

2,015,775

 

Interactive Data Corp., 10.25%,
8/01/18 (c)

 

 

1,600

 

 

1,780,000

 

Kabel BW Erste Beteiligungs
GmbH, 7.50%, 3/15/19 (c)

 

EUR

1,037

 

 

1,555,771

 

Liberty Media Corp., 3.13%,
3/30/23 (h)

 

USD

1,748

 

 

2,108,525

 

Live Nation Entertainment, Inc.,
8.13%, 5/15/18 (c)

 

 

1,170

 

 

1,184,625

 

Musketeer GmbH, 9.50%,
3/15/21 (c)

 

EUR

655

 

 

1,027,445

 

NAI Entertainment Holdings LLC,
8.25%, 12/15/17 (c)

 

USD

865

 

 

934,200

 

Nielsen Finance LLC:

 

 

 

 

 

 

 

11.63%, 2/01/14

 

 

147

 

 

173,093

 

7.75%, 10/15/18 (c)

 

 

3,425

 

 

3,673,312

 

 

 

 

 

 

 

 

 

Corporate Bonds

 

Par
(000)

 

Value

 

Media (concluded)

 

 

 

 

 

 

 

Odeon & UCI Finco Plc, 9.00%,
8/01/18 (c)

 

GBP

324

 

$

525,047

 

ProQuest LLC, 9.00%, 10/15/18
(c)

 

USD

775

 

 

803,094

 

Rainbow National Services LLC,
10.38%, 9/01/14 (c)

 

 

2,570

 

 

2,666,375

 

Regal Entertainment Group,
9.13%, 8/15/18

 

 

610

 

 

648,125

 

UPC Germany GmbH (c):

 

 

 

 

 

 

 

8.13%, 12/01/17

 

 

985

 

 

1,046,562

 

8.13%, 12/01/17

 

EUR

701

 

 

1,068,076

 

9.63%, 12/01/19

 

 

900

 

 

1,431,184

 

UPC Holding BV, 9.88%, 4/15/18
(c)

 

USD

800

 

 

896,000

 

UPCB Finance II Ltd., 6.38%,
7/01/20 (c)

 

EUR

1,273

 

 

1,767,754

 

Unitymedia GmbH, 9.63%,
12/01/19 (c)

 

EUR

244

 

 

388,010

 

Unitymedia Hessen GmbH & Co.
KG, 8.13%, 12/01/17 (c)

 

 

120

 

 

182,838

 

Univision Communications, Inc.,
6.88%, 5/15/19 (c)

 

USD

495

 

 

495,000

 

Virgin Media Secured Finance Plc,
7.00%, 1/15/18

 

GBP

910

 

 

1,624,190

 

Xefin Lux SCA, 8.00%, 6/01/18 (c)

 

EUR

393

 

 

565,566

 

Ziggo Bond Co. BV, 8.00%,
5/15/18 (c)

 

 

610

 

 

916,257

 

Ziggo Finance BV, 6.13%,
11/15/17 (c)

 

 

1,240

 

 

1,793,406

 

 

 

 

 

 

 

66,427,049

 

Metals & Mining — 4.5%

 

 

 

 

 

 

 

Drummond Co., Inc.:

 

 

 

 

 

 

 

9.00%, 10/15/14 (c)

 

USD

905

 

 

950,250

 

7.38%, 2/15/16

 

 

360

 

 

368,100

 

FMG Resources August 2006
Property Ltd., 7.00%, 11/01/15
(c)

 

 

2,385

 

 

2,480,400

 

Foundation PA Coal Co., 7.25%,
8/01/14

 

 

3,250

 

 

3,319,062

 

Goldcorp, Inc., 2.00%, 8/01/14 (h)

 

 

930

 

 

1,196,212

 

JMC Steel Group, 8.25%, 3/15/18
(c)

 

 

585

 

 

604,013

 

James River Escrow, Inc., 7.88%,
4/01/19 (c)

 

 

325

 

 

331,500

 

New World Resources NV, 7.88%,
5/01/18 (c)

 

EUR

1,055

 

 

1,586,571

 

Newmont Mining Corp., Series A,
1.25%, 7/15/14 (h)

 

USD

665

 

 

892,763

 

Novelis, Inc., 8.75%, 12/15/20 (c)

 

 

5,470

 

 

6,044,350

 

Ryerson, Inc.:

 

 

 

 

 

 

 

7.65%, 11/01/14 (i)

 

 

520

 

 

527,150

 

12.00%, 11/01/15

 

 

450

 

 

484,875

 

Steel Dynamics, Inc., 7.38%,
11/01/12

 

 

325

 

 

345,313

 

Taseko Mines Ltd., 7.75%,
4/15/19

 

 

510

 

 

517,650

 

 

 

 

 

 

 

19,648,209

 

 

 

 

 

BLACKROCK CORPORATE HIGH YIELD FUND VI, INC.

MAY 31, 2011

6


 

 

 

Schedule of Investments (continued)

BlackRock Corporate High Yield Fund VI, Inc. (HYT)
 (Percentages shown are based on Net Assets)


 

 

 

 

 

 

 

 

Corporate Bonds

 

Par
(000)

 

Value

 

Multiline Retail — 1.8%

 

 

 

 

 

 

 

Dollar General Corp., 11.88%,
7/15/17 (f)

 

USD

6,753

 

$

7,715,302

 

Oil, Gas & Consumable Fuels —
9.9%

 

 

 

 

 

 

 

Alpha Natural Resources, Inc. (d):

 

 

 

 

 

 

 

6.00%, 6/01/19

 

 

1,110

 

 

1,116,937

 

6.25%, 6/01/21

 

 

1,395

 

 

1,419,412

 

Arch Coal, Inc., 7.25%, 10/01/20

 

 

1,230

 

 

1,297,650

 

Berry Petroleum Co., 8.25%,
11/01/16

 

 

800

 

 

838,000

 

Bill Barrett Corp., 9.88%, 7/15/16

 

 

70

 

 

79,450

 

Carrizo Oil & Gas, Inc., 8.63%,
10/15/18 (c)

 

 

355

 

 

377,188

 

Chaparral Energy, Inc., 8.25%,
9/01/21 (c)

 

 

390

 

 

403,650

 

Chesapeake Energy Corp.:

 

 

 

 

 

 

 

6.63%, 8/15/20

 

 

1,997

 

 

2,099,346

 

6.13%, 2/15/21

 

 

1,310

 

 

1,332,925

 

2.25%, 12/15/38 (h)

 

 

1,250

 

 

1,162,500

 

Clayton Williams Energy, Inc.,
7.75%, 4/01/19 (c)

 

 

495

 

 

493,763

 

Coffeyville Resources LLC, 9.00%,
4/01/15 (c)

 

 

414

 

 

449,190

 

Concho Resources, Inc., 7.00%,
1/15/21

 

 

635

 

 

665,162

 

Connacher Oil and Gas Ltd.,
8.50%, 8/01/19 (c)

 

 

740

 

 

730,750

 

Consol Energy, Inc., 8.25%,
4/01/20

 

 

3,095

 

 

3,435,450

 

Continental Resources, Inc.,
7.13%, 4/01/21 (c)

 

 

575

 

 

612,375

 

Copano Energy LLC, 7.13%,
4/01/21

 

 

520

 

 

525,200

 

Crestwood Midstream Partners LP,
7.75%, 4/01/19 (c)

 

 

330

 

 

330,825

 

Crosstex Energy LP, 8.88%,
2/15/18

 

 

280

 

 

303,800

 

Denbury Resources, Inc.:

 

 

 

 

 

 

 

8.25%, 2/15/20

 

 

1,095

 

 

1,209,975

 

6.38%, 8/15/21

 

 

540

 

 

546,750

 

EV Energy Partners LP, 8.00%,
4/15/19 (c)

 

 

460

 

 

478,400

 

Energy Transfer Equity LP, 7.50%,
10/15/20

 

 

210

 

 

228,900

 

Energy XXI Gulf Coast, Inc. (c):

 

 

 

 

 

 

 

9.25%, 12/15/17

 

 

660

 

 

711,150

 

7.75%, 6/15/19

 

 

1,390

 

 

1,396,950

 

Forbes Energy Services, Ltd.,
9.00%, 6/15/19 (c)(d)

 

 

555

 

 

557,775

 

Hilcorp Energy I LP, 7.63%,
4/15/21 (c)

 

 

1,200

 

 

1,266,000

 

Linn Energy LLC:

 

 

 

 

 

 

 

6.50%, 5/15/19 (c)

 

 

385

 

 

385,000

 

8.63%, 4/15/20

 

 

1,715

 

 

1,877,925

 

7.75%, 2/01/21 (c)

 

 

920

 

 

970,600

 

MarkWest Energy Partners LP,
6.75%, 11/01/20

 

 

205

 

 

211,150

 

 

 

 

 

 

 

 

 

Corporate Bonds

 

Par
(000)

 

Value

 

Oil, Gas & Consumable Fuels (concluded)

 

 

 

 

 

 

 

Niska Gas Storage US LLC, 8.88%,
3/15/18

 

USD

2,930

 

$

3,149,750

 

OGX Petroleo e Gas Participacoes
SA, 8.50%, 6/01/18 (c)(d)

 

 

6,140

 

 

6,284,290

 

Oasis Petroleum, Inc., 7.25%,
2/01/19 (c)

 

 

565

 

 

569,238

 

Peabody Energy Corp., 6.50%,
9/15/20

 

 

650

 

 

699,562

 

Petrohawk Energy Corp.:

 

 

 

 

 

 

 

10.50%, 8/01/14

 

 

595

 

 

675,325

 

7.88%, 6/01/15

 

 

680

 

 

717,400

 

Range Resources Corp., 8.00%,
5/15/19

 

 

700

 

 

764,750

 

SM Energy Co., 6.63%, 2/15/19
(c)

 

 

445

 

 

455,569

 

SandRidge Energy, Inc., 7.50%,
3/15/21 (c)

 

 

1,435

 

 

1,485,225

 

Teekay Corp., 8.50%, 1/15/20

 

 

1,020

 

 

1,114,350

 

 

 

 

 

 

 

43,429,607

 

Paper & Forest Products — 3.0%

 

 

 

 

 

 

 

Ainsworth Lumber Co. Ltd.,
11.00%, 7/29/15 (c)(f)

 

 

1,835

 

 

1,816,181

 

Boise Paper Holdings LLC:

 

 

 

 

 

 

 

9.00%, 11/01/17

 

 

200

 

 

222,750

 

8.00%, 4/01/20

 

 

240

 

 

259,200

 

Clearwater Paper Corp.:

 

 

 

 

 

 

 

10.63%, 6/15/16

 

 

625

 

 

707,812

 

7.13%, 11/01/18 (c)

 

 

885

 

 

920,400

 

Georgia-Pacific LLC, 8.25%,
5/01/16 (c)

 

 

2,570

 

 

2,916,950

 

Longview Fibre Paper & Packaging,
Inc., 8.00%, 6/01/16 (c)

 

 

535

 

 

543,025

 

NewPage Corp., 11.38%,
12/31/14

 

 

4,335

 

 

4,183,275

 

Sappi Papier Holding GmbH,
6.63%, 4/15/21 (c)

 

 

200

 

 

202,500

 

Verso Paper Holdings LLC,
11.50%, 7/01/14

 

 

1,202

 

 

1,304,170

 

 

 

 

 

 

 

13,076,263

 

Pharmaceuticals — 0.2%

 

 

 

 

 

 

 

Valeant Pharmaceuticals International (c):

 

 

 

 

 

 

 

6.50%, 7/15/16

 

 

435

 

 

432,825

 

6.75%, 10/01/17

 

 

315

 

 

311,850

 

7.00%, 10/01/20

 

 

310

 

 

303,800

 

 

 

 

 

 

 

1,048,475

 

Professional Services — 0.3%

 

 

 

 

 

 

 

FTI Consulting, Inc., 6.75%,
10/01/20 (c)

 

 

1,450

 

 

1,479,000

 

Real Estate Investment Trusts
(REITs) — 0.8%

 

 

 

 

 

 

 

FelCor Lodging LP, 6.75%,
6/01/19 (c)

 

 

2,170

 

 

2,159,150

 

 

 

 

 

BLACKROCK CORPORATE HIGH YIELD FUND VI, INC.

MAY 31, 2011

7


 

 

 

Schedule of Investments (continued)

BlackRock Corporate High Yield Fund VI, Inc. (HYT)
 (Percentages shown are based on Net Assets)


 

 

 

 

 

 

 

 

Corporate Bonds

 

Par
(000)

 

Value

 

Real Estate Investment Trusts (REITs)
(concluded)

 

 

 

 

 

 

 

Omega Healthcare Investors, Inc.,
6.75%, 10/15/22 (c)

 

USD

830

 

$

827,925

 

The Rouse Co. LP, 6.75%,
11/09/15

 

 

805

 

 

831,163

 

 

 

 

 

 

 

3,818,238

 

Real Estate Management &
Development — 2.4%

 

 

 

 

 

 

 

CB Richard Ellis Services, Inc.,
6.63%, 10/15/20

 

 

520

 

 

547,300

 

Forest City Enterprises, Inc.,
7.63%, 6/01/15

 

 

2,300

 

 

2,236,750

 

Realogy Corp. (c):

 

 

 

 

 

 

 

11.50%, 4/15/17

 

 

1,230

 

 

1,297,650

 

12.00%, 4/15/17

 

 

465

 

 

487,088

 

7.88%, 2/15/19

 

 

4,070

 

 

4,090,350

 

Shea Homes LP, 8.63%, 5/15/19 (c)

 

 

1,685

 

 

1,703,956

 

 

 

 

 

 

 

10,363,094

 

Road & Rail — 2.0%

 

 

 

 

 

 

 

Avis Budget Car Rental LLC:

 

 

 

 

 

 

 

9.63%, 3/15/18

 

 

800

 

 

878,000

 

8.25%, 1/15/19

 

 

1,205

 

 

1,248,681

 

Florida East Coast Railway Corp.,
8.13%, 2/01/17 (c)

 

 

650

 

 

677,625

 

The Hertz Corp. (c):

 

 

 

 

 

 

 

7.50%, 10/15/18

 

USD

1,005

 

 

1,055,250

 

6.75%, 4/15/19

 

 

695

 

 

701,950

 

7.38%, 1/15/21

 

 

765

 

 

791,775

 

Hertz Holdings Netherlands BV:

 

 

 

 

 

 

 

8.50%, 7/31/15

 

EUR

170

 

 

261,772

 

8.50%, 7/31/15 (c)

 

 

2,080

 

 

3,202,860

 

 

 

 

 

 

 

8,817,913

 

Semiconductors & Semiconductor
Equipment — 0.1%

 

 

 

 

 

 

 

Lam Research Corp., 1.25%,
5/15/18 (c)(h)

 

 

157

 

 

161,318

 

Spansion LLC, 7.88%, 11/15/17 (c)

 

 

430

 

 

439,675

 

 

 

 

 

 

 

600,993

 

Specialty Retail — 2.0%

 

 

 

 

 

 

 

Asbury Automotive Group, Inc.,
8.38%, 11/15/20 (c)

 

 

565

 

 

589,012

 

Claire’s Escrow Corp., 8.88%,
3/15/19 (c)

 

 

440

 

 

422,400

 

Hillman Group, Inc., 10.88%,
6/01/18

 

 

830

 

 

913,000

 

House of Fraser Plc, 8.88%,
8/15/18 (c)

 

GBP

439

 

 

718,544

 

Limited Brands, Inc., 8.50%,
6/15/19

 

USD

1,255

 

 

1,469,919

 

PETCO Animal Supplies, Inc.,
9.25%, 12/01/18 (c)

 

 

705

 

 

756,112

 

Phones4u Finance Plc, 9.50%,
4/01/18 (c)

 

GBP

570

 

 

928,352

 

 

 

 

 

 

 

 

 

Corporate Bonds

 

Par
(000)

 

Value

 

Specialty Retail (concluded)

 

 

 

 

 

 

 

Sonic Automotive, Inc., 9.00%,
3/15/18

 

USD

580

 

$

619,150

 

Toys ‘R’ US-Delaware, Inc., 7.38%,
9/01/16 (c)

 

 

660

 

 

686,400

 

United Auto Group, Inc., 7.75%,
12/15/16

 

 

1,670

 

 

1,720,100

 

 

 

 

 

 

 

8,822,989

 

Transportation Infrastructure —
0.2%

 

 

 

 

 

 

 

Aguila 3 SA, 7.88%, 1/31/18 (c)

 

 

665

 

 

679,963

 

Wireless Telecommunication
Services — 4.0%

 

 

 

 

 

 

 

Clearwire Communications LLC,
12.00%, 12/01/15 (c)

 

 

450

 

 

492,188

 

Cricket Communications, Inc.:

 

 

 

 

 

 

 

10.00%, 7/15/15

 

 

1,155

 

 

1,257,506

 

7.75%, 5/15/16

 

 

1,080

 

 

1,147,500

 

Digicel Group Ltd. (c):

 

 

 

 

 

 

 

8.88%, 1/15/15

 

 

1,120

 

 

1,153,600

 

9.13%, 1/15/15

 

 

2,864

 

 

2,957,080

 

8.25%, 9/01/17

 

 

1,720

 

 

1,806,000

 

10.50%, 4/15/18

 

 

800

 

 

904,000

 

FiberTower Corp., 9.00%, 1/01/16

 

 

503

 

 

304,385

 

Intelsat Jackson Holdings SA (c):

 

 

 

 

 

 

 

7.25%, 10/15/20

 

 

525

 

 

526,313

 

7.50%, 4/01/21

 

 

580

 

 

587,250

 

iPCS, Inc., 2.40%, 5/01/13 (i)

 

 

1,295

 

 

1,254,531

 

MetroPCS Wireless, Inc.:

 

 

 

 

 

 

 

7.88%, 9/01/18

 

 

560

 

 

602,700

 

6.63%, 11/15/20

 

 

1,300

 

 

1,296,750

 

NII Capital Corp., 7.63%, 4/01/21

 

 

589

 

 

625,076

 

NII Holdings, Inc., 3.13%, 6/15/12
(h)

 

 

570

 

 

570,000

 

Sprint Capital Corp., 6.88%,
11/15/28

 

 

2,240

 

 

2,172,800

 

 

 

 

 

 

 

17,657,679

 

Total Corporate Bonds – 104.3%

 

 

 

 

 

459,110,513

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Floating Rate Loan Interests (i)

 

Par
(000)

 

Value

 

Airlines — 0.4%

 

 

 

 

 

 

 

Delta Air Lines, Inc., Credit-New
Term Loan B, 5.50%, 4/20/17

 

 

1,650

 

 

1,632,469

 

Building Products — 0.3%

 

 

 

 

 

 

 

Goodman Global, Inc., Term Loan
(Second Lien), 9.00%,
10/30/17

 

 

1,200

 

 

1,235,700

 

Capital Markets — 0.1%

 

 

 

 

 

 

 

Marsico Parent Co., LLC, Term
Loan, 5.31%, 12/14/14

 

 

746

 

 

570,937

 

 

 

 

 

BLACKROCK CORPORATE HIGH YIELD FUND VI, INC.

MAY 31, 2011

8


 

 

 

Schedule of Investments (continued)

BlackRock Corporate High Yield Fund VI, Inc. (HYT)
 (Percentages shown are based on Net Assets)


 

 

 

 

 

 

 

 

Floating Rate Loan Interests (i)

 

Par
(000)

 

Value

 

Chemicals — 0.2%

 

 

 

 

 

 

 

PQ Corp. (FKA Niagara Acquisition,
Inc.), Original Term Loan (First
Lien), 3.45%, 7/30/14

 

USD

325

 

$

316,836

 

Styron Sarl, Term Loan B, 6.00%,
8/02/17

 

 

683

 

 

686,156

 

 

 

 

 

 

 

1,002,992

 

Commercial Services & Supplies — 0.8%

 

 

 

 

 

 

 

AWAS Finance Luxembourg Sarl,
Term Loan B, 7.75%, 6/10/16

 

 

828

 

 

843,621

 

Delos Aircraft, Inc., Term Loan 2,
7.00%, 3/17/16

 

 

975

 

 

976,741

 

Volume Services America, Inc.
(Centerplate), Term Loan B,
10.50%, 9/16/16

 

 

1,592

 

 

1,601,950

 

 

 

 

 

 

 

3,422,312

 

Construction & Engineering —
0.7%

 

 

 

 

 

 

 

Safway Services, LLC, Last Out
Term Loan, 15.63%, 12/16/17

 

 

3,250

 

 

3,250,000

 

Consumer Finance — 1.8%

 

 

 

 

 

 

 

Springleaf Financial Funding Co.
(FKA AGFS Funding Co.), Term
Loan, 5.50%, 5/05/17

 

 

7,925

 

 

7,912,621

 

Food Products — 0.3%

 

 

 

 

 

 

 

Advance Pierre Foods, Term Loan,
(Second Lien), 11.25%,
9/29/17

 

 

1,300

 

 

1,321,125

 

Health Care Providers & Services — 0.6%

 

 

 

 

 

 

 

Harden Healthcare, Inc.:

 

 

 

 

 

 

 

Tranche A Additional Term
Loan, 7.75%, 3/02/15

 

 

835

 

 

818,408

 

Tranche A Term Loan, 8.50%,
3/02/15

 

 

615

 

 

603,189

 

inVentiv Health, Inc. (FKA Ventive
Health, Inc.), Term Loan B,
4.75%, 8/04/16

 

 

1,390

 

 

1,391,689

 

 

 

 

 

 

 

2,813,286

 

Hotels, Restaurants & Leisure — 0.5%

 

 

 

 

 

 

 

Harrah’s Operating Co., Inc., Term
Loan B-3, 3.30%, 1/28/15

 

 

578

 

 

537,402

 

Travelport LLC (FKA Travelport,
Inc.), Loan, 8.26%, 3/27/12 (f)

 

 

2,061

 

 

1,638,601

 

 

 

 

 

 

 

2,176,003

 

Household Durables — 0.2%

 

 

 

 

 

 

 

Visant Corp. (FKA Jostens), Term
Loan B, 5.25%, 12/22/16

 

 

661

 

 

660,840

 

 

 

 

 

 

 

 

 

Floating Rate Loan Interests (i)

 

Par
(000)

 

Value

 

IT Services — 0.0%

 

 

 

 

 

 

 

First Data Corp.:

 

 

 

 

 

 

 

Initial Tranche B-1 Term Loan,
2.94%, 9/24/14

 

 

23

 

 

21,473

 

Initial Tranche B-2 Term Loan,
2.94%, 9/24/14

 

 

58

 

 

54,182

 

First Data Corp.:

 

 

 

 

 

 

 

Initial Tranche B-3 Term Loan,
2.94%, 9/24/14

 

USD

105

 

$

98,016

 

 

 

 

 

 

 

173,671

 

Independent Power Producers &
Energy Traders — 1.0%

 

 

 

 

 

 

 

Texas Competitive Electric
Holdings Co., LLC (TXU), Initial
Tranche B-2 Term Loan, 3.73%,
10/10/14

 

 

4,876

 

 

4,152,188

 

Media — 4.1%

 

 

 

 

 

 

 

Cengage Learning Acquisitions,
Inc. (Thomson Learning),
Tranche 1 Incremental Term
Loan, 7.50%, 7/03/14

 

 

2,674

 

 

2,675,491

 

HMH Publishing Co., Ltd., Tranche
A Term Loan, 6.03%, 12/12/14

 

 

1,438

 

 

1,355,028

 

Intelsat Jackson Holdings S. A.
(FKA Intelsat Jackson Holdings,
Ltd.), Tranche B Term Loan,
5.25%, 4/02/18

 

 

11,300

 

 

11,364,342

 

Newsday LLC, Fixed Rate Term
Loan, 10.50%, 8/01/13

 

 

2,450

 

 

2,603,125

 

 

 

 

 

 

 

17,997,986

 

Multiline Retail — 0.5%

 

 

 

 

 

 

 

Hema Holding BV, Mezzanine,
9.75%, 7/05/17

 

EUR

1,625

 

 

2,297,445

 

Oil, Gas & Consumable Fuels — 0.8%

 

 

 

 

 

 

 

Obsidian Natural Gas Trust, Term
Loan, 7.00%, 11/02/15

 

 

3,363

 

 

3,413,147

 

 

 

 

 

 

 

 

 

Paper & Forest Products — 0.4%

 

 

 

 

 

 

 

Verso Paper Finance Holdings LLC,
6.52%, 2/01/13

 

 

2,124

 

 

1,911,998

 

Pharmaceuticals — 0.3%

 

 

 

 

 

 

 

Axcan Pharma, Inc., Term Loan,
5.50%, 2/10/17

 

 

1,496

 

 

1,488,769

 

Real Estate Investment Trusts
(REITs) — 0.7%

 

 

 

 

 

 

 

iStar Financial, Inc., Term Loan
(Second Lien), 5.00%, 6/28/13

 

 

3,077

 

 

3,060,941

 

 

 

 

 

BLACKROCK CORPORATE HIGH YIELD FUND VI, INC.

MAY 31, 2011

9


 

 

 

 

 

Schedule of Investments (continued)

BlackRock Corporate High Yield Fund VI, Inc. (HYT)

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

Floating Rate Loan Interests (i)

 

Par
(000)

 

Value

 

Real Estate Management &
Development — 0.3%

 

 

 

 

 

 

 

Realogy Corp.:

 

 

 

 

 

 

 

Extended Synthetic Letter of
Credit Loan, 1.00%, 10/10/16

 

USD

198

 

$

184,447

 

Extended Term Loan B, 4.52%,
10/10/16

 

 

1,173

 

 

1,090,225

 

 

 

 

 

 

 

1,274,672

 

 

 

Specialty Retail — 0.1%

 

 

 

 

 

 

 

Claire’s Stores, Inc., Term Loan B,
3.00%, 5/29/14

 

 

194

 

 

178,283

 

Total Floating Rate Loan Interests –
14.1%

 

 

 

 

 

61,947,385

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign Agency Obligations

 

 

 

 

 

 

 

Republic of Indonesia, 4.88%,
5/05/21 (c)

 

 

840

 

 

852,600

 

Total Foreign Agency Obligations – 0.2%

 

 

 

 

 

852,600

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Interests (l)

 

Beneficial
Interest
(000)

 

 

 

 

Auto Components — 2.7%

 

 

 

 

 

 

 

Delphi Debtor-in-Possession
Holding Co. LLP, Class B
Membership Interests

 

 

—

(m)

 

11,651,640

 

Hotels, Restaurants & Leisure — 0.0%

 

 

 

 

 

 

 

Buffets, Inc.

 

 

950

 

 

9

 

Media — 0.0%

 

 

 

 

 

 

 

Adelphia Escrow

 

 

1,300

 

 

13

 

Adelphia Recovery Trust

 

 

1,630

 

 

163

 

 

 

 

 

 

 

176

 

Total Other Interests – 2.7%

 

 

 

 

 

11,651,825

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Preferred Securities

 

 

 

 

 

 

 

 

 

Preferred Stocks

 

Shares

 

 

 

 

Auto Components — 0.4%

 

 

 

 

 

 

 

Dana Holding Corp. (c)(h)

 

 

10,670

 

 

1,659,185

 

Diversified Financial Services —
0.8%

 

 

 

 

 

 

 

Ally Financial, Inc. (c)

 

 

3,710

 

 

3,583,744

 

 

 

 

 

 

 

 

 

Preferred Stocks

 

Shares

 

Value

 

Media — 0.1%

 

 

 

 

 

 

 

CMP Susquehanna Radio Holdings
Corp. (a)(c)

 

 

59,235

 

$

503,498

 

Professional Services — 0.1%

 

 

 

 

 

 

 

Nielsen Holdings NV, 6.25%,
2/01/13 (a)(h)

 

 

691,700

 

 

432,745

 

Thrifts & Mortgage Finance — 0.1%

 

 

 

 

 

 

 

Fannie Mae, Series O (a)

 

 

40,000

 

 

200,000

 

Freddie Mac, Series Z (a)

 

 

110,157

 

 

348,096

 

 

 

 

 

 

 

548,096

 

Total Preferred Stocks – 1.5%

 

 

 

 

 

6,727,268

 

Trust Preferred

 

Par
(000)

 

 

 

GMAC Capital Trust I, Series 2,
8.13%, 2/15/40

 

 

4,766

 

 

5,007,587

 

Total Trust Preferred – 1.1%

 

 

 

 

 

5,007,587

 

Total Preferred Securities – 2.6%

 

 

 

 

 

11,734,855

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Warrants (n)

 

 

 

 

 

 

 

Health Care Providers & Services — 0.0%

 

 

 

 

 

 

 

HealthSouth Corp. (Expires
1/16/14)

 

 

54,577

 

 

1

 

Hotels, Restaurants & Leisure — 0.0%

 

 

 

 

 

 

 

Buffets Restaurants Holdings, Inc.
(Expires 4/29/14)

 

 

802

 

 

8

 

Media — 0.1%

 

 

 

 

 

 

 

CMP Susquehanna Radio Holdings
Corp. (Expires 3/23/19) (c)

 

 

67,691

 

 

565,627

 

New Vision Holdings LLC (Expires 9/30/14)

 

 

4

 

 

40

 

New Vision Holdings LLC (Expires 9/30/14)

 

 

22

 

 

222

 

 

 

 

 

 

 

565,889

 

Software — 0.0%

 

 

 

 

 

 

 

Bankruptcy Management
Solutions, Inc.

 

 

525

 

 

5

 

HMH Holdings/EduMedia

 

 

22,578

 

 

—

 

 

 

 

 

 

 

5

 

Total Warrants (n)– 0.1%

 

 

 

 

 

565,903

 

Total Long-Term Investments
(Cost – $551,758,344) – 131.1%

 

 

 

 

 

576,923,829

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BLACKROCK CORPORATE HIGH YIELD FUND VI, INC.

MAY 31, 2011

10


 

 

 

 

 

Schedule of Investments (continued)

BlackRock Corporate High Yield Fund VI, Inc. (HYT)

(Percentages shown are based on Net Assets)


 

 

 

 

 

 

 

 

Short-Term Securities

 

 

 

 

 

 

 

BlackRock Liquidity Funds,
TempFund, Institutional Class,
0.10% (o)(p)

 

 

4,793,133

 

 

4,793,133

 

Total Short-Term Securities
(Cost – $4,793,133) – 1.1%

 

 

 

 

 

4,793,133

 

 

 

 

 

 

 

 

 

Options Purchased

 

Contracts

 

Value

 

Exchange-Traded Put Options —
0.0%

 

 

 

 

 

 

 

SPDR S&P 500 ETF Trust, Strike
Price USD 134.00, Expires
6/18/11

 

 

33

 

 

44,550

 

Total Options Purchased
(Cost – $94,385) – 0.0%

 

 

 

 

 

44,550

 

Total Investments
(Cost – $556,645,862*) – 132.2%

 

 

 

 

 

581,761,512

 

Liabilities in Excess of Other Assets – (32.2)%

 

 

 

 

(141,636,482

)

Net Assets – 100.0%

 

 

 

 

$

440,125,030

 

 

 

 

*

The cost and unrealized appreciation (depreciation) of investments as of May 31, 2011, as computed for federal income tax purposes, were as follows:


 

 

 

 

 

Aggregate cost

 

$

556,718,202

 

Gross unrealized appreciation

 

$

41,066,639

 

Gross unrealized depreciation

 

 

(16,023,328

)

Net unrealized appreciation

 

$

25,043,311

 

 

 

(a)

Non-income producing security.

 

(b)

Restricted security as to resale. As of report date the Fund held less than 0.1% of its net assets, with a current market value of $7,069 and an original cost of $508, in this security.

 

(c)

Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration to qualified institutional investors.

 

(d)

When-issued security. Unsettled when-issued transactions were as follows:


 

 

 

 

 

 

 

 

 

 

 

 

 

 

Counterparty

 

Value

 

Unrealized
Appreciation
(Depreciation)

 

Bank of America

 

$

558,700

 

$

(792

)

Barclays Capital Inc.

 

$

60,600

 

$

600

 

Citigroup Global Markets

 

$

1,898,800

 

$

18,880

 

Credit Suisse Securities, Inc.

 

$

1,101,844

 

$

6,844

 

Deutsche Bank AG

 

$

2,458,707

 

$

28,706

 

Goldman Sachs & Co.

 

$

131,300

 

$

1,300

 

Jefferies & Co.

 

$

557,775

 

$

2,775

 

JP Morgan

 

$

6,284,290

 

$

144,290

 

Morgan Stanley Co. Inc.

 

$

2,865,005

 

$

35,007

 

 

 

 

 

 

 

 

 

 

 

(e)

Represents a step-down bond that pays an initial coupon rate for the first period and then a lower coupon rate for the following periods. Rate shown is as of report date.

 

(f)

Represents a payment-in-kind security which may pay interest/dividends in additional par/shares.

 

(g)

Represents a zero-coupon bond. Rate shown reflects the current yield as of report date.

 

(h)

Convertible security.

 

(i)

Variable rate security. Rate shown is as of report date and maturity shown is the date the principal owed can be recovered through demand.

 

(j)

Represents a step-up bond that pays an initial coupon rate for the first period and then a higher coupon rate for the following periods. Rate shown is as of report date.

 

(k)

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

 

(l)

Other interests represent beneficial interest in liquidation trusts and other reorganization entities and are non-income producing.

 

(m)

Amount is less than $1,000.

 

(n)

Warrants entitle the Fund to purchase a predetermined number of shares of common stock and are non-income producing. The purchase price and number of shares are subject to adjustment under certain conditions until the expiration date, if any.

 

(o)

Represents the current yield as of report date.

 

(p)

Investments in companies considered to be an affiliate of the Fund during the period, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Affiliate

 

Shares
Held at
August 31,
2010

 

Net
Activity

 

Shares
Held at
May 31, 2011

 

Income

 

BlackRock
Liquidity
Funds,
TempFund,
Institutional
Class

 

 

1,808,758

 

 

2,984,375

 

 

4,793,133

 

$

2,920

 

 

 

 

 

 

 

BLACKROCK CORPORATE HIGH YIELD FUND VI, INC.

MAY 31, 2011

11


 

 

 

 

 

Schedule of Investments (continued)

BlackRock Corporate High Yield Fund VI, Inc. (HYT)

 

 

•

Financial futures contracts sold as of May 31, 2011 were as follows:


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contracts

 

Issue

 

Exchange

 

Expiration

 

Notional
Value

 

Unrealized
Depreciation

 

288

 

S&P 500 E-mini

 

Chicago Mercantile

 

June 2011

 

$

18,892,094

 

$

(460,066

)

 

 

 

•

Credit default swaps on single-name issues - buy protection outstanding as of May 31, 2011 were as follows:


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Issuer

 

Pay
Fixed
Rate

 

Counterparty

 

Expiration
Date

 

Notional
Amount
(000)

 

Unrealized
Appreciation
(Depreciation)

 

K. Hovnanian
Enterprises, Inc.

 

5.00%

 

Goldman Sachs Bank USA

 

12/20/13

 

$

1,600

 

$

102,913

 

Louisiana-Pacific Corp.

 

5.00%

 

JPMorgan Chase Bank NA

 

3/20/14

 

 

500

 

 

(97,009

)

Republic of Hungary

 

1.00%

 

Deutsche Bank AG

 

12/20/15

 

 

470

 

 

(17,223

)

Israel (State of)

 

1.00%

 

Deutsche Bank AG

 

3/20/16

 

 

1,050

 

 

(17,925

)

iStar Financial, Inc.

 

5.00%

 

Deutsche Bank AG

 

12/20/16

 

 

375

 

 

(73,469

)

 

 

Total

 

 

 

 

 

 

 

 

 

 

$

(102,713

)

 

 

•

Credit default swaps on single-name issues - sold protection outstanding as of May 31, 2011 were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Issuer

 

Receive
Fixed
Rate

 

Counterparty

 

Expiration
Date

 

Issuer
Credit
Rating1

 

Notional
Amount
(000)2

 

Unrealized
Appreciation
(Depreciation)

 

iStar Financial, Inc.

 

5.00%

 

Deutsche Bank AG

 

9/20/11

 

CCC-

 

$

375

 

$

24,796

 

Texas Competitive
Electric Holdings Co.
LLC

 

5.00%

 

Goldman Sachs International

 

9/20/12

 

B+

 

 

775

 

 

12,854

 

Advanced Micro
Devices, Inc.

 

5.00%

 

JPMorgan Chase Bank NA

 

3/20/15

 

B+

 

 

1,150

 

 

124,935

 

ARAMARK Corp.

 

5.00%

 

Goldman Sachs International

 

3/20/16

 

BB

 

 

750

 

 

2,865

 

Chesapeake Energy
Corp.

 

5.00%

 

Credit Suisse International

 

3/20/16

 

BB+

 

 

425

 

 

3,147

 

Chesapeake Energy
Corp.

 

5.00%

 

Goldman Sachs International

 

3/20/16

 

BB+

 

 

425

 

 

67

 

Chesapeake Energy
Corp.

 

5.00%

 

JPMorgan Chase Bank NA

 

3/20/16

 

BB+

 

 

425

 

 

3,147

 

ARAMARK Corp.

 

5.00%

 

Goldman Sachs International

 

6/20/16

 

B

 

 

475

 

 

—

 

Texas Competitive
Electric Holdings Co.
LLC

 

5.00%

 

Goldman Sachs International

 

6/20/16

 

D

 

 

400

 

 

(14,137

)

General Motors Co.

 

5.00%

 

Deutsche Bank AG

 

3/20/21

 

BB-

 

 

600

 

 

11,600

 

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

$

169,274

 

1           Using S&P’s rating of the underlying securities.

2          The maximum potential amount the Fund may pay should a negative event take place as defined under the terms of agreement.

 

 

 

 

 

 

BLACKROCK CORPORATE HIGH YIELD FUND VI, INC.

MAY 31, 2011

12


 

 

 

 

 

Schedule of Investments (continued)

BlackRock Corporate High Yield Fund VI, Inc. (HYT)

 

 

•

Credit default swaps on traded indexes - sold protection outstanding as of May 31, 2011 were as follows:


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Index

 

Receive
Fixed
Rate

 

Counterparty

 

Expiration
Date

 

Credit
Rating1

 

Notional
Amount
(000)2

 

Unrealized
Deprciation

 

Dow Jones CDX
North America High
Yield Index Series 10

 

 

0.00%

 

Deutsche Bank AG

 

6/20/11

 

CCC

 

$

2,168

 

$

(1,683

)

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

(1,683

)

1 Using S&P’s rating of the underlying securities.

2 The maximum potential amount the Fund may pay should a negative event take place as defined under the terms of agreement.

 

 

•

Foreign currency exchange contracts as of May 31, 2011 were as follows:


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
   

Currency
Purchased

 

Currency
Sold

 

Counterparty

 

Settlement
Date

 

Unrealized
Appreciation
(Depreciation)

 

EUR

 

84,000

 

 

USD

 

119,889

 

 

UBS AG

 

 

7/01/11

 

$

985

 

USD

 

569,076

 

 

CAD

 

547,000

 

 

CITIBANK NA

 

 

7/07/11

 

 

4,983

 

USD

 

4,494,615

 

 

GBP

 

2,749,000

 

 

CITIBANK NA

 

 

7/07/11

 

 

(25,562

)

USD

 

524,589

 

 

GBP

 

324,000

 

 

UBS AG

 

 

7/07/11

 

 

(8,164

)

USD

 

718,437

 

 

GBP

 

438,500

 

 

UBS AG

 

 

7/07/11

 

 

(2,588

)

USD

 

365,930

 

 

GBP

 

224,000

 

 

UBS AG

 

 

7/07/11

 

 

(2,393

)

USD

 

184,611

 

 

GBP

 

112,000

 

 

UBS AG

 

 

7/07/11

 

 

449

 

USD

 

443,828

 

 

EUR

 

310,000

 

 

CITIBANK NA

 

 

7/27/11

 

 

(1,695

)

USD

 

350,422

 

 

EUR

 

241,000

 

 

CITIBANK NA

 

 

7/27/11

 

 

4,063

 

USD

 

119,741

 

 

EUR

 

84,000

 

 

UBS AG

 

 

7/27/11

 

 

(982

)

USD

 

30,318,987

 

 

EUR

 

20,857,000

 

 

UBS AG

 

 

7/27/11

 

 

343,871

  

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

312,967

 

 

 

 

 

 

 

BLACKROCK CORPORATE HIGH YIELD FUND VI, INC.

MAY 31, 2011

13


 

 

 

 

 

Schedule of Investments (continued)

BlackRock Corporate High Yield Fund VI, Inc. (HYT)

• For Fund compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or rating group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine such industry sub-classifications for reporting ease.

• Fair Value Measurements—Various inputs are used in determining the fair value of investments and derivative financial instruments. These inputs are summarized in three broad levels for financial reporting purposes as follows:

 

 

 

 

•

Level 1 — price quotations in active markets/exchanges for identical assets and liabilities

 

 

 

 

•

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 Fund’s own assumptions used in determining the fair value of investments and derivative financial instruments)

The inputs or methodologies used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For information about the Fund’s policy regarding valuation of investments and derivative financial instruments and other significant accounting policies, please refer to the Fund’s most recent financial statements as contained in its semi-annual report.

The following tables summarize the inputs used as of May 31, 2011 in determining the fair valuation of the Fund’s investments and derivative financial instruments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Valuation
Inputs

 

Level 1

 

Level 2

 

Level 3

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments in Securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

Common
Stocks

 

$

25,513,257

 

$

686,146

 

$

4,861,345

 

$

31,060,748

 

Corporate
Bonds

 

 

—

 

 

452,111,526

 

 

6,998,987

 

 

459,110,513

 

Floating Rate Loan
Interests

 

 

—

 

 

45,195,329

 

 

16,752,056

 

 

61,947,385

 

Foreign Agency
Obligations

 

 

—

 

 

852,600

 

 

—

 

 

852,600

 

Other
Interests

 

 

163

 

 

11,651,640

 

 

22

 

 

11,651,825

 

Preferred
Securities

 

 

5,555,684

 

 

5,675,674

 

 

503,497

 

 

11,734,855

 

Warrants

 

 

—

 

 

—

 

 

565,903

 

 

565,903

 

Short-Term
Securities

 

 

4,793,133

 

 

—

 

 

—

 

 

4,793,133

 

Total

 

$

35,862,237

 

$

516,172,915

 

$

29,681,810

 

$

581,716,962

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Valuation Inputs

 

Level 1

 

Level 2

 

Level 3

 

Total

 

Derivative Financial Instruments1

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

Credit contracts

 

$

—

 

$

286,324

 

 

—

 

$

286,324

 

Equity risk

 

 

44,550

 

 

—

 

 

—

 

 

44,550

 

Foreign currency
exchange
contracts

 

 

—

 

 

354,351

 

 

—

 

 

354,351

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

Credit contracts

 

 

—

 

 

(221,446

)

 

 

 

 

(221,446

)

Equity risk

 

 

(460,066

)

 

—

 

 

—

 

 

(460,066

)

Foreign currency
exchange
contracts

 

 

—

 

 

(41,384

)

 

—

 

 

(41,384

)

Total

 

$

(415,516

)

$

377,845

 

 

—

 

$

(37,671

)

1 Derivative financial instruments are swaps, financial futures contracts, foreign currency exchange contracts and options. Swaps, financial futures contracts and foreign currency exchange contracts are valued at the unrealized appreciation/depreciation on the instrument and options are shown at value.

 

 

 

 

 

 

BLACKROCK CORPORATE HIGH YIELD FUND VI, INC.

MAY 31, 2011

14


 

 

 

 

 

Schedule of Investments (concluded)

BlackRock Corporate High Yield Fund VI, Inc. (HYT)

The following is a reconciliation of Level 3 investments for which significant unobservable inputs were used in determining fair value:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common
Stock

 

Corporate
Bonds

 

Floating Rate
Loan
Interests

 

Other
Interests

 

Preferred
Securities

 

Warrants

 

Unfunded Loan
Commitments

 

Total

 

Assets/Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, as of August 31, 2010

 

$

712,707

 

$

4,851,224

 

$

20,602,850

 

$

6,747

 

$

1

 

$

271

 

$

(36,123

)

$

26,137,677

 

Accrued discounts/premiums

 

 

—

 

 

27,541

 

 

102,092

 

 

—

 

 

—

 

 

—

 

 

—

 

 

129,633

 

Net realized gain (loss)

 

 

(29,375

)

 

2,716

 

 

69,130

 

 

—

 

 

—

 

 

—

 

 

—

 

 

42,471

 

Net change in unrealized
appreciation/depreciation2

 

 

(2,159,946

)

 

1,159,372

 

 

967,425

 

 

(203

)

 

503,496

 

 

575,304

 

 

36,123

 

 

1,081,571

 

Purchases

 

 

6,421,093

 

 

1,015,050

 

 

4,499,395

 

 

—

 

 

—

 

 

 

 

 

—

 

 

11,935,538

 

Sales

 

 

(83,134

)

 

(57,292

)

 

(12,045,757

)

 

—

 

 

—

 

 

(9,672

)

 

—

 

 

(12,195,855

)

Transfers in3

 

 

—

 

 

376

 

 

2,556,921

 

 

—

 

 

—

 

 

—

 

 

—

 

 

2,557,297

 

Transfers out3

 

 

—

 

 

—

 

 

—

 

 

(6522

)

 

—

 

 

—

 

 

—

 

 

(6,522

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, as of May 31, 2011

 

$

4,861,345

 

$

6,998,987

 

$

16,752,056

 

$

22

 

$

503,497

 

$

565,903

 

 

—

 

$

29,681,810

 

2 The net change in unrealized appreciation/depreciation on the securities still held at May 31, 2011 was $569,422.

3 The Fund’s policy is to recognize transfers in and transfers out as of the beginning of the period of the event or the change in circumstances that caused the transfer.

A reconciliation of Level 3 investments and derivative financial instruments is presented when the Fund had a significant amount of Level 3 investments and derivatives at the beginning and/or end of the period in relation to net assets.

 

 

 

 

 

 

BLACKROCK CORPORATE HIGH YIELD FUND VI, INC.

MAY 31, 2011

15

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 VI, Inc.

 

 
  By: /s/ John M. Perlowski  
    John M. Perlowski
    Chief Executive Officer (principal executive officer) of
    BlackRock Corporate High Yield Fund VI, Inc.
   
  Date: July 26, 2011
   
  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: /s/ John M. Perlowski  
    John M. Perlowski
    Chief Executive Officer (principal executive officer) of
    BlackRock Corporate High Yield Fund VI, Inc.
   
  Date: July 26, 2011
   
  By: /s/ Neal J. Andrews  
    Neal J. Andrews
    Chief Financial Officer (principal financial officer) of
    BlackRock Corporate High Yield Fund VI, Inc.
     
  Date: July 26, 2011