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: 08/31/2012

 

Date of reporting period: 11/30/2011

 

Item 1 – Schedule of Investments

 

 

 

 

 

Schedule of Investments November 30, 2011 (Unaudited)

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

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

Common Stocks

 

Shares

 

Value

 

Auto Components — 2.9%

 

 

 

 

 

 

 

Dana Holding Corp. (a)

 

 

94,250

 

$

1,174,355

 

Delphi Debtor-in-Possession Holding Co., LLP:

 

 

 

 

 

 

 

Class B Membership Interests

 

 

152,341

 

 

3,095,415

 

Class B Membership Interests

 

 

355,462

 

 

7,037,438

 

 

 

 

 

 

 

11,307,208

 

Capital Markets — 0.3%

 

 

 

 

 

 

 

E*Trade Financial Corp. (a)

 

 

116,200

 

 

1,066,716

 

Communications Equipment — 0.4%

 

 

 

 

 

 

 

Loral Space & Communications
Ltd. (a)

 

 

21,531

 

 

1,338,152

 

Computers & Peripherals — 0.1%

 

 

 

 

 

 

 

Apple, Inc. (a)

 

 

1,400

 

 

535,080

 

Diversified Financial Services — 0.9%

 

 

 

 

 

 

 

Kcad Holdings I Ltd.

 

 

305,538,342

 

 

3,449,528

 

Electrical Equipment — 0.0%

 

 

 

 

 

 

 

Medis Technologies Ltd. (a)

 

 

116,910

 

 

701

 

Hotels, Restaurants & Leisure — 0.0%

 

 

 

 

 

 

 

Buffets Restaurants Holdings, Inc. (a)

 

 

1,816

 

 

4,540

 

Travelport Worldwide Ltd. (b)

 

 

118,935

 

 

59,468

 

 

 

 

 

 

 

64,008

 

Media — 1.5%

 

 

 

 

 

 

 

Belo Corp., Class A

 

 

73,341

 

 

429,045

 

Charter Communications, Inc. (a)

 

 

101,076

 

 

5,343,888

 

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

 

 

14,553

 

 

164,594

 

 

 

 

 

 

 

5,937,527

 

Metals & Mining — 0.1%

 

 

 

 

 

 

 

African Minerals Ltd. (a)

 

 

72,301

 

 

509,293

 

Paper & Forest Products — 0.1%

 

 

 

 

 

 

 

Ainsworth Lumber Co. Ltd. (a)

 

 

192,951

 

 

192,961

 

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

 

 

221,591

 

 

221,602

 

Western Forest Products, Inc. (a)

 

 

78,039

 

 

56,619

 

 

 

 

 

 

 

471,182

 

Professional Services — 0.0%

 

 

 

 

 

 

 

Pendrell Corp. (a)

 

 

5,400

 

 

14,742

 

Semiconductors & Semiconductor Equipment — 0.2%

 

 

 

 

 

 

 

Spansion, Inc., Class A (a)

 

 

103,218

 

 

902,125

 

SunPower Corp., Class B (a)

 

 

431

 

 

3,371

 

 

 

 

 

 

 

905,496

 

Software — 0.1%

 

 

 

 

 

 

 

Bankruptcy Management
Solutions, Inc. (a)

 

 

787

 

 

4

 

 

 

 

 

 

 

 

 

Common Stocks

 

Shares

 

Value

 

Software (concluded)

 

 

 

 

 

 

 

HMH Holdings/EduMedia (a)

 

 

141,287

 

$

211,930

 

 

 

 

 

 

 

211,934

 

Total Common Stocks – 6.6%

 

 

 

 

 

25,811,567

 

 

 

 

 

 

 

 

 

 

              

 

 

 

 

 

 

 

 

Corporate Bonds

 

Par
(000)

 

 

 

 

Aerospace & Defense — 0.5%

 

 

 

 

 

 

 

Huntington Ingalls Industries, Inc. (b):

 

 

 

 

 

 

 

6.88%, 3/15/18

 

USD

370

 

 

362,600

 

7.13%, 3/15/21

 

 

520

 

 

509,600

 

Kratos Defense & Security
Solutions, Inc., 10.00%, 6/01/17

 

 

1,144

 

 

1,152,580

 

 

 

 

 

 

 

2,024,780

 

Airlines — 2.9%

 

 

 

 

 

 

 

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

 

 

1,200

 

 

1,092,000

 

American Airlines Pass-Through
Trust, Series 2011-2, Class A,
8.63%, 4/15/23

 

 

594

 

 

570,240

 

American Airlines, Inc.:

 

 

 

 

 

 

 

10.50%, 10/15/12 (a)(d)

 

 

1,320

 

 

1,178,100

 

Series 2011-1-B, 7.00%,
1/31/18 (b)

 

 

626

 

 

481,897

 

Continental Airlines, Inc.:

 

 

 

 

 

 

 

6.75%, 9/15/15 (b)

 

 

900

 

 

875,250

 

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

 

 

1,132

 

 

1,110,351

 

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

 

 

700

 

 

644,000

 

Delta Air Lines, Inc.:

 

 

 

 

 

 

 

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

 

 

900

 

 

819,000

 

Series B, 9.75%, 12/17/16

 

 

369

 

 

390,871

 

US Airways Pass-Through Trust,
10.88%, 10/22/14

 

 

1,070

 

 

1,048,600

 

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

 

 

3,064

 

 

3,186,653

 

 

 

 

 

 

 

11,396,962

 

Auto Components — 1.9%

 

 

 

 

 

 

 

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

 

 

319

 

 

334,950

 

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

 

 

325

 

 

295,750

 

 

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:

 

 

CAD

Canadian Dollar

EUR

Euro

Fannie Mae

Federal National Mortgage Association

FKA

Formerly Known As

Freddie Mac

Federal Home Loan Mortgage Corporation

GBP

British Pound

LIBOR

London Interbank Offered Rate

USD

US Dollar

 

 

 

 

 

 

 

 

 

BLACKROCK CORPORATE HIGH YIELD FUND VI, INC.

NOVEMBER 30, 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

 

Auto Components (concluded)

 

 

 

 

 

 

 

Dana Holding Corp., 6.75%,
2/15/21

 

USD

700

 

$

702,625

 

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

 

 

260

 

 

261,950

 

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

 

 

5,060

 

 

5,161,200

 

International Automotive

 

 

 

 

 

 

 

Components Group, SL, 9.13%,
6/01/18 (b)

 

 

70

 

 

66,500

 

Titan International, Inc., 7.88%,
10/01/17

 

 

720

 

 

747,900

 

 

 

 

 

 

 

7,570,875

 

Beverages — 0.4%

 

 

 

 

 

 

 

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

 

 

413

 

 

441,910

 

Crown European Holdings SA:

 

 

 

 

 

 

 

7.13%, 8/15/18

 

EUR

413

 

 

554,948

 

7.13%, 8/15/18 (b)

 

 

465

 

 

624,820

 

 

 

 

 

 

 

1,621,678

 

Biotechnology — 0.1%

 

 

 

 

 

 

 

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

 

USD

430

 

 

436,018

 

Building Products — 0.8%

 

 

 

 

 

 

 

Building Materials Corp. of America (b):

 

 

 

 

 

 

 

7.00%, 2/15/20

 

 

700

 

 

724,500

 

6.75%, 5/01/21

 

 

1,950

 

 

1,940,250

 

Momentive Performance Materials, Inc.:

 

 

 

 

 

 

 

11.50%, 12/01/16

 

 

740

 

 

529,100

 

9.00%, 1/15/21

 

 

230

 

 

163,875

 

 

 

 

 

 

 

3,357,725

 

Capital Markets — 1.0%

 

 

 

 

 

 

 

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

 

 

780

 

 

783,744

 

E*Trade Financial Corp.:

 

 

 

 

 

 

 

12.50%, 11/30/17 (f)

 

 

1,660

 

 

1,875,800

 

3.46%, 8/31/19 (b)(g)(h)

 

 

380

 

 

337,250

 

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

 

 

1,020

 

 

1,047,891

 

 

 

 

 

 

 

4,044,685

 

Chemicals — 3.3%

 

 

 

 

 

 

 

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

 

 

1,400

 

 

1,356,250

 

Ashland, Inc., 9.13%, 6/01/17

 

 

670

 

 

743,700

 

Celanese US Holdings LLC, 5.88%,
6/15/21

 

 

2,780

 

 

2,828,650

 

Chemtura Corp., 7.88%, 9/01/18

 

 

585

 

 

598,162

 

Hexion US Finance Corp., 9.00%,
11/15/20

 

 

485

 

 

380,725

 

Huntsman International LLC:

 

 

 

 

 

 

 

6.88%, 11/15/13 (b)

 

EUR

440

 

 

591,228

 

8.63%, 3/15/21

 

USD

265

 

 

268,975

 

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

 

 

255

 

 

256,913

 

Kinove German Bondco GmbH,

 

 

 

 

 

 

 

10.00%, 6/15/18

 

EUR

591

 

 

698,831

 

 

 

 

 

 

 

 

 

Corporate Bonds

 

Par
(000)

 

Value

 

Chemicals (concluded)

 

 

 

 

 

 

 

Kraton Polymers LLC, 6.75%,
3/01/19

 

USD

195

 

$

180,375

 

Lyondell Chemical Co., 11.00%,
5/01/18

 

 

2,527

 

 

2,723,221

 

LyondellBasell Industries NV,
6.00%, 11/15/21 (b)

 

 

250

 

 

255,000

 

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

 

 

290

 

 

283,475

 

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

 

 

335

 

 

341,700

 

Solutia, Inc., 7.88%, 3/15/20

 

 

955

 

 

1,017,075

 

TPC Group LLC, 8.25%, 10/01/17

 

 

520

 

 

518,700

 

 

 

 

 

 

 

13,042,980

 

Commercial Banks — 2.2%

 

 

 

 

 

 

 

CIT Group, Inc.:

 

 

 

 

 

 

 

7.00%, 5/01/15

 

 

920

 

 

920,000

 

7.00%, 5/02/16 (b)

 

 

2,875

 

 

2,839,062

 

7.00%, 5/01/17

 

 

2,769

 

 

2,741,310

 

7.00%, 5/02/17 (b)

 

 

2,275

 

 

2,240,875

 

 

 

 

 

 

 

8,741,247

 

Commercial Services & Supplies — 2.1%

 

 

 

 

 

 

 

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

 

 

1,170

 

 

1,295,775

 

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

 

 

159

 

 

159,104

 

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

 

 

840

 

 

778,487

 

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

 

 

108

 

 

96,120

 

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

 

 

1,016

 

 

988,060

 

Clean Harbors, Inc., 7.63%,
8/15/16

 

 

590

 

 

622,450

 

Iron Mountain, Inc., 7.75%,
10/01/19

 

 

640

 

 

660,800

 

Mobile Mini, Inc., 7.88%,
12/01/20

 

 

570

 

 

570,000

 

RSC Equipment Rental, Inc.:

 

 

 

 

 

 

 

10.00%, 7/15/17 (b)

 

 

935

 

 

1,021,487

 

8.25%, 2/01/21

 

 

1,348

 

 

1,280,600

 

WCA Waste Corp., 7.50%, 6/15/19
(b)

 

 

520

 

 

501,800

 

West Corp., 8.63%, 10/01/18

 

 

210

 

 

209,475

 

 

 

 

 

 

 

8,184,158

 

Communications Equipment — 0.3%

 

 

 

 

 

 

 

Avaya, Inc., 9.75%, 11/01/15

 

 

750

 

 

586,875

 

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

 

 

580

 

 

566,950

 

 

 

 

 

 

 

1,153,825

 

Construction & Engineering — 0.1%

 

 

 

 

 

 

 

Abengoa SA, 8.50%, 3/31/16

 

EUR

200

 

 

255,303

 

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

 

USD

300

 

 

297,000

 

 

 

 

 

 

 

552,303

 

 

 

 

 

 

 

 

 

 

BLACKROCK CORPORATE HIGH YIELD FUND VI, INC.

NOVEMBER 30, 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

 

Construction Materials — 0.1%

 

 

 

 

 

 

 

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

 

EUR

393

 

$

475,267

 

Consumer Finance — 1.8%

 

 

 

 

 

 

 

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

 

USD

950

 

 

971,375

 

Ford Motor Credit Co. LLC:

 

 

 

 

 

 

 

3.15%, 1/13/12 (i)

 

 

340

 

 

340,510

 

7.80%, 6/01/12

 

 

300

 

 

309,056

 

7.00%, 4/15/15

 

 

3,140

 

 

3,380,175

 

12.00%, 5/15/15

 

 

1,150

 

 

1,399,561

 

6.63%, 8/15/17

 

 

185

 

 

198,453

 

Springleaf Finance Corp., 6.90%,
12/15/17

 

 

505

 

 

339,613

 

 

 

 

 

 

 

6,938,743

 

Containers & Packaging — 1.3%

 

 

 

 

 

 

 

Ardagh Packaging Finance Plc:

 

 

 

 

 

 

 

7.38%, 10/15/17

 

EUR

100

 

 

129,331

 

7.38%, 10/15/17 (b)

 

 

574

 

 

742,360

 

Berry Plastics Corp., 8.25%,
11/15/15

 

USD

185

 

 

196,100

 

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

 

EUR

414

 

 

456,159

 

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

 

USD

580

 

 

617,700

 

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

 

EUR

254

 

 

336,180

 

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

 

USD

570

 

 

530,100

 

Rock-Tenn Co., 9.25%, 3/15/16

 

 

85

 

 

90,100

 

Sealed Air Corp., 8.38%, 9/15/21
(b)

 

 

395

 

 

421,663

 

Smurfit Kappa Acquisitions (b):

 

 

 

 

 

 

 

7.25%, 11/15/17

 

EUR

735

 

 

1,007,372

 

7.75%, 11/15/19

 

 

449

 

 

609,354

 

 

 

 

 

 

 

5,136,419

 

Diversified Consumer Services — 1.3%

 

 

 

 

 

 

 

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

 

USD

4,775

 

 

5,109,250

 

Diversified Financial Services — 5.0%

 

 

 

 

 

 

 

Ally Financial, Inc.:

 

 

 

 

 

 

 

7.50%, 12/31/13

 

 

700

 

 

707,875

 

8.30%, 2/12/15

 

 

950

 

 

961,875

 

6.25%, 12/01/17

 

 

820

 

 

753,487

 

8.00%, 3/15/20

 

 

550

 

 

542,438

 

7.50%, 9/15/20

 

 

1,050

 

 

1,014,562

 

8.00%, 11/01/31

 

 

2,060

 

 

1,957,000

 

8.00%, 11/01/31

 

 

1,220

 

 

1,124,418

 

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

 

 

695

 

 

710,637

 

Boparan Holdings Ltd. (b):

 

 

 

 

 

 

 

9.75%, 4/30/18

 

EUR

166

 

 

180,674

 

9.88%, 4/30/18

 

GBP

225

 

 

285,932

 

DPL, Inc., 7.25%, 10/15/21 (b)

 

USD

1,230

 

 

1,294,575

 

FCE Bank Plc, 4.75%, 1/19/15

 

EUR

1,793

 

 

2,312,883

 

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

 

USD

460

 

 

458,459

 

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

 

 

1,332

 

 

1,405,260

 

 

 

 

 

 

 

 

 

Corporate Bonds

 

Par
(000)

 

Value

 

Diversified Financial Services (concluded)

 

 

 

 

 

 

 

Reynolds Group Issuer, Inc. (b):

 

 

 

 

 

 

 

8.75%, 10/15/16

 

USD

941

 

$

971,582

 

8.75%, 10/15/16 (j)

 

EUR

385

 

 

506,978

 

8.75%, 10/15/16

 

 

756

 

 

995,520

 

7.13%, 4/15/19

 

USD

385

 

 

376,338

 

7.88%, 8/15/19

 

 

1,645

 

 

1,653,225

 

8.25%, 2/15/21

 

 

675

 

 

573,750

 

WMG Acquisition Corp. (b):

 

 

 

 

 

 

 

9.50%, 6/15/16

 

 

190

 

 

199,500

 

11.50%, 10/01/18

 

 

910

 

 

896,350

 

 

 

 

 

 

 

19,883,318

 

Diversified Telecommunication Services — 3.8%

 

 

 

 

 

 

 

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

 

 

1,680

 

 

1,365,000

 

GCI, Inc., 6.75%, 6/01/21

 

 

444

 

 

425,130

 

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

 

 

440

 

 

453,750

 

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

 

 

4,077

 

 

3,852,765

 

Level 3 Financing, Inc.:

 

 

 

 

 

 

 

9.25%, 11/01/14

 

 

129

 

 

131,419

 

8.75%, 2/15/17

 

 

665

 

 

661,675

 

Qwest Communications International, Inc.:

 

 

 

 

 

 

 

7.50%, 2/15/14

 

 

2,100

 

 

2,113,125

 

8.00%, 10/01/15

 

 

1,010

 

 

1,078,175

 

Series B, 7.50%, 2/15/14

 

 

2,690

 

 

2,706,812

 

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

 

 

875

 

 

953,750

 

Windstream Corp.:

 

 

 

 

 

 

 

8.13%, 8/01/13

 

 

703

 

 

743,423

 

7.88%, 11/01/17

 

 

627

 

 

655,215

 

 

 

 

 

 

 

15,140,239

 

Electric Utilities — 0.6%

 

 

 

 

 

 

 

The Tokyo Electric Power Co., Inc.,
4.50%, 3/24/14

 

EUR

2,000

 

 

2,284,289

 

Electronic Equipment, Instruments & Components — 0.4%

 

 

 

 

 

 

 

CDW LLC:

 

 

 

 

 

 

 

11.00%, 10/12/15

 

USD

17

 

 

17,000

 

11.50%, 10/12/15 (f)

 

 

1,030

 

 

1,030,000

 

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

 

EUR

173

 

 

224,673

 

Jabil Circuit, Inc., 8.25%, 3/15/18

 

USD

365

 

 

414,275

 

 

 

 

 

 

 

1,685,948

 

Energy Equipment & Services — 3.3%

 

 

 

 

 

 

 

Antero Resources Finance Corp.,
7.25%, 8/01/19 (b)

 

 

260

 

 

260,000

 

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

 

 

610

 

 

588,650

 

Compagnie Generale de
Geophysique-Veritas, 7.75%,
5/15/17

 

 

395

 

 

393,025

 

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

 

 

535

 

 

508,250

 

Forbes Energy Services Ltd.,
9.00%, 6/15/19

 

 

555

 

 

516,150

 

 

 

 

 

 

 

 

 

 

BLACKROCK CORPORATE HIGH YIELD FUND VI, INC.

NOVEMBER 30, 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

 

Energy Equipment & Services (concluded)

 

 

 

 

 

 

 

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

 

USD

2,730

 

$

2,750,475

 

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

 

 

700

 

 

692,125

 

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

 

 

1,410

 

 

1,417,050

 

Oil States International, Inc.,
6.50%, 6/01/19

 

 

495

 

 

497,475

 

Peabody Energy Corp., 6.25%,
11/15/21 (b)

 

 

4,070

 

 

4,100,525

 

SunCoke Energy, Inc., 7.63%,
8/01/19 (b)

 

 

345

 

 

338,100

 

Transocean, Inc., 6.38%,
12/15/21

 

 

1,170

 

 

1,169,368

 

 

 

 

 

 

 

13,231,193

 

Food Products — 0.1%

 

 

 

 

 

 

 

Darling International, Inc., 8.50%,
12/15/18

 

 

375

 

 

412,500

 

Health Care Equipment & Supplies — 1.3%

 

 

 

 

 

 

 

DJO Finance LLC:

 

 

 

 

 

 

 

10.88%, 11/15/14

 

 

3,595

 

 

3,388,287

 

7.75%, 4/15/18

 

 

160

 

 

128,400

 

ExamWorks Group, Inc., 9.00%,
7/15/19 (b)

 

 

176

 

 

157,080

 

Fresenius US Finance II, Inc.,
9.00%, 7/15/15 (b)

 

 

850

 

 

945,625

 

Teleflex, Inc., 6.88%, 6/01/19

 

 

455

 

 

460,119

 

 

 

 

 

 

 

5,079,511

 

Health Care Providers & Services — 5.5%

 

 

 

 

 

 

 

Aviv Healthcare Properties LP,
7.75%, 2/15/19

 

 

640

 

 

604,800

 

ConvaTec Healthcare E SA, 7.38%,
12/15/17 (b)

 

EUR

694

 

 

881,238

 

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

 

GBP

575

 

 

820,927

 

Fresenius Medical Care US
Finance, Inc., 6.50%, 9/15/18
(b)

 

USD

324

 

 

336,150

 

HCA, Inc.:

 

 

 

 

 

 

 

8.50%, 4/15/19

 

 

205

 

 

221,400

 

6.50%, 2/15/20

 

 

3,100

 

 

3,084,500

 

7.88%, 2/15/20

 

 

145

 

 

152,613

 

7.25%, 9/15/20

 

 

4,020

 

 

4,130,550

 

7.50%, 2/15/22

 

 

1,215

 

 

1,196,775

 

Health Management Associates,
Inc., 7.38%, 1/15/20 (b)

 

 

620

 

 

623,875

 

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

 

 

1,170

 

 

974,025

 

INC Research LLC, 11.50%,
7/15/19 (b)

 

 

640

 

 

576,000

 

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

 

 

675

 

 

639,563

 

Omnicare, Inc., 7.75%, 6/01/20

 

 

1,520

 

 

1,601,700

 

Symbion, Inc., 8.00%, 6/15/16 (b)

 

 

535

 

 

494,875

 

Tenet Healthcare Corp.:

 

 

 

 

 

 

 

10.00%, 5/01/18

 

 

1,270

 

 

1,428,750

 

 

 

 

 

 

 

 

 

Corporate Bonds

 

Par
(000)

 

Value

 

Health Care Providers & Services (concluded)

 

 

 

 

 

 

 

Tenet Healthcare Corp (concluded).:

 

 

 

 

 

 

 

6.25%, 11/01/18 (b)

 

USD

510

 

$

502,350

 

8.88%, 7/01/19

 

 

3,360

 

 

3,662,400

 

 

 

 

 

 

 

21,932,491

 

Health Care Technology — 1.1%

 

 

 

 

 

 

 

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

 

 

3,760

 

 

4,192,400

 

Hotels, Restaurants & Leisure — 1.6%

 

 

 

 

 

 

 

Caesars Entertainment Operating
Co., Inc., 11.25%, 6/01/17

 

 

320

 

 

332,800

 

Diamond Resorts Corp., 12.00%,
8/15/18

 

 

1,860

 

 

1,762,350

 

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

 

 

210

 

 

185,325

 

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

 

GBP

501

 

 

540,388

 

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

 

USD

441

 

 

366,030

 

MGM Resorts International:

 

 

 

 

 

 

 

10.38%, 5/15/14

 

 

415

 

 

464,800

 

11.13%, 11/15/17

 

 

1,590

 

 

1,778,812

 

Travelport LLC:

 

 

 

 

 

 

 

4.95%, 9/01/14 (i)

 

 

235

 

 

116,325

 

9.88%, 9/01/14

 

 

50

 

 

30,250

 

9.00%, 3/01/16

 

 

190

 

 

108,538

 

6.37%, 12/01/16 (f)

 

 

623

 

 

458,446

 

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

 

 

515

 

 

52

 

 

 

 

 

 

 

6,144,116

 

Household Durables — 2.0%

 

 

 

 

 

 

 

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

 

 

420

 

 

277,200

 

Ashton Woods USA LLC, 0.00%,
6/30/15 (b)(j)

 

 

1,360

 

 

931,600

 

Beazer Homes USA, Inc., 12.00%,
10/15/17

 

 

2,080

 

 

2,163,200

 

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

 

EUR

455

 

 

593,042

 

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

 

USD

675

 

 

595,687

 

Standard Pacific Corp.:

 

 

 

 

 

 

 

10.75%, 9/15/16

 

 

2,355

 

 

2,402,100

 

8.38%, 1/15/21

 

 

455

 

 

419,738

 

United Rentals North America, Inc.,
8.38%, 9/15/20

 

 

670

 

 

659,950

 

 

 

 

 

 

 

8,042,517

 

Household Products — 0.3%

 

 

 

 

 

 

 

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

 

EUR

220

 

 

263,096

 

Spectrum Brands Holdings, Inc.,
9.50%, 6/15/18 (b)

 

USD

910

 

 

989,625

 

 

 

 

 

 

 

1,252,721

 

IT Services — 1.6%

 

 

 

 

 

 

 

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

 

 

860

 

 

797,650

 

 

 

 

 

 

 

 

 

 

BLACKROCK CORPORATE HIGH YIELD FUND VI, INC.

NOVEMBER 30, 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

 

IT Services (concluded)

 

 

 

 

 

 

 

First Data Corp. (b):

 

 

 

 

 

 

 

7.38%, 6/15/19

 

USD

1,645

 

$

1,546,300

 

8.88%, 8/15/20

 

 

830

 

 

830,000

 

8.25%, 1/15/21

 

 

695

 

 

601,175

 

12.63%, 1/15/21

 

 

1,040

 

 

858,000

 

SunGard Data Systems, Inc.:

 

 

 

 

 

 

 

7.38%, 11/15/18

 

 

680

 

 

669,800

 

7.63%, 11/15/20

 

 

930

 

 

920,700

 

 

 

 

 

 

 

6,223,625

 

Independent Power Producers & Energy Traders — 2.8%

 

 

 

 

 

 

 

AES Corp., 7.38%, 7/01/21 (b)

 

 

1,010

 

 

1,052,925

 

Calpine Corp. (b):

 

 

 

 

 

 

 

7.25%, 10/15/17

 

 

325

 

 

331,500

 

7.50%, 2/15/21

 

 

305

 

 

311,100

 

7.88%, 1/15/23

 

 

995

 

 

1,027,337

 

Energy Future Holdings Corp.,
10.00%, 1/15/20

 

 

5,200

 

 

5,330,000

 

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

 

 

706

 

 

727,180

 

NRG Energy, Inc., 7.63%, 1/15/18

 

 

2,480

 

 

2,442,800

 

 

 

 

 

 

 

11,222,842

 

Industrial Conglomerates — 2.7%

 

 

 

 

 

 

 

Sequa Corp. (b):

 

 

 

 

 

 

 

11.75%, 12/01/15

 

 

3,810

 

 

4,029,075

 

13.50%, 12/01/15

 

 

6,236

 

 

6,657,050

 

 

 

 

 

 

 

10,686,125

 

Insurance — 1.3%

 

 

 

 

 

 

 

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

 

 

2,600

 

 

2,665,000

 

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

 

 

573

 

 

601,650

 

Genworth Financial, Inc., 7.63%,
9/24/21

 

 

660

 

 

598,681

 

MPL 2 Acquisition Canco, Inc.,
9.88%, 8/15/18 (b)

 

 

395

 

 

347,600

 

USI Holdings Corp., 4.33%,
11/15/14 (b)(i)

 

 

1,070

 

 

968,350

 

 

 

 

 

 

 

5,181,281

 

Machinery — 0.6%

 

 

 

 

 

 

 

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

 

 

1,650

 

 

1,039,500

 

Navistar International Corp.:

 

 

 

 

 

 

 

3.00%, 10/15/14 (h)

 

 

800

 

 

853,000

 

8.25%, 11/01/21

 

 

188

 

 

195,990

 

SPX Corp., 6.88%, 9/01/17

 

 

275

 

 

288,750

 

 

 

 

 

 

 

2,377,240

 

Media — 14.5%

 

 

 

 

 

 

 

AMC Networks, Inc., 7.75%,
7/15/21 (b)

 

 

350

 

 

370,125

 

Affinion Group, Inc., 7.88%,
12/15/18

 

 

1,260

 

 

1,048,950

 

CCH II LLC, 13.50%, 11/30/16 (c)

 

 

5,116

 

 

5,896,635

 

 

 

 

 

 

 

 

 

Corporate Bonds

 

Par
(000)

 

Value

 

Media (continued)

 

 

 

 

 

 

 

CCO Holdings LLC:

 

 

 

 

 

 

 

7.25%, 10/30/17

 

USD

80

 

$

81,700

 

7.88%, 4/30/18

 

 

160

 

 

165,800

 

7.38%, 6/01/20 (k)

 

 

410

 

 

410,000

 

6.50%, 4/30/21

 

 

825

 

 

795,094

 

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

 

 

550

 

 

609,813

 

Cengage Learning Acquisitions, Inc.
(FKA Thompson Learning),
10.50%, 1/15/15 (b)

 

 

390

 

 

282,750

 

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

 

 

1,040

 

 

514,800

 

Cinemark USA, Inc., 8.63%,
6/15/19

 

 

390

 

 

419,250

 

Clear Channel Communications,
Inc., 9.00%, 3/01/21

 

 

1,255

 

 

1,035,375

 

Clear Channel Worldwide Holdings, Inc.:

 

 

 

 

 

 

 

9.25%, 12/15/17

 

 

2,323

 

 

2,433,342

 

Series B, 9.25%, 12/15/17

 

 

9,551

 

 

10,052,427

 

Cox Enterprises, Inc.:

 

 

 

 

 

 

 

Loan Close 2, 12.00%,
8/15/18

 

 

1,039

 

 

1,062,157

 

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

 

 

1,188

 

 

1,214,350

 

Shares Loan, 12.00%,
8/15/18

 

 

1,225

 

 

1,252,422

 

DISH DBS Corp.:

 

 

 

 

 

 

 

7.00%, 10/01/13

 

 

150

 

 

157,125

 

6.75%, 6/01/21

 

 

850

 

 

828,750

 

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

 

 

1,425

 

 

1,325,250

 

Harland Clarke Holdings Corp.:

 

 

 

 

 

 

 

6.00%, 5/15/15 (i)

 

 

550

 

 

371,250

 

9.50%, 5/15/15

 

 

490

 

 

362,600

 

Intelsat Luxemburg SA:

 

 

 

 

 

 

 

11.25%, 6/15/16

 

 

2,580

 

 

2,683,200

 

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

 

 

910

 

 

834,925

 

11.50%, 2/04/17 (f)

 

 

1,630

 

 

1,495,525

 

Interactive Data Corp., 10.25%,
8/01/18

 

 

1,440

 

 

1,540,800

 

The Interpublic Group of Cos., Inc.,
10.00%, 7/15/17

 

 

525

 

 

601,781

 

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

 

EUR

1,037

 

 

1,365,548

 

Kabel Deutschland Vertrieb und
Service GmbH & Co. KG, 6.50%,
6/29/18 (b)

 

 

530

 

 

716,680

 

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

 

USD

1,170

 

 

1,114,425

 

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

 

EUR

548

 

 

714,257

 

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

 

USD

1,015

 

 

1,058,137

 

Nielsen Finance LLC:

 

 

 

 

 

 

 

11.63%, 2/01/14

 

 

147

 

 

167,580

 

7.75%, 10/15/18

 

 

3,425

 

 

3,621,937

 

 

 

 

 

 

 

 

 

 

BLACKROCK CORPORATE HIGH YIELD FUND VI, INC.

NOVEMBER 30, 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 (concluded)

 

 

 

 

 

 

 

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

 

GBP

324

 

$

465,116

 

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

 

USD

775

 

 

620,000

 

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

 

 

800

 

 

824,000

 

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

 

EUR

1,273

 

 

1,539,477

 

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

 

 

1,144

 

 

1,571,779

 

Unitymedia Hessen GmbH & Co. KG
(FKA UPC Germany GmbH) (b):

 

 

 

 

 

 

 

8.13%, 12/01/17

 

 

821

 

 

1,130,757

 

8.13%, 12/01/17

 

USD

885

 

 

913,763

 

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

 

 

910

 

 

1,491,946

 

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

 

EUR

610

 

 

797,116

 

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

 

 

1,136

 

 

1,488,282

 

 

 

 

 

 

 

57,446,996

 

Metals & Mining — 3.4%

 

 

 

 

 

 

 

FMG Resources August 2006
Property Ltd., 6.88%,
2/01/18 (b)

 

USD

120

 

 

110,100

 

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

 

 

1,650

 

 

2,229,562

 

New World Resources NV, 7.88%,
5/01/18

 

EUR

1,055

 

 

1,304,195

 

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

 

USD

2,275

 

 

3,540,469

 

Novelis, Inc., 8.75%, 12/15/20

 

 

5,140

 

 

5,422,700

 

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

 

 

650

 

 

588,250

 

Vedanta Resources Plc, 8.25%,
6/07/21 (b)

 

 

435

 

 

350,175

 

 

 

 

 

 

 

13,545,451

 

Multiline Retail — 1.9%

 

 

 

 

 

 

 

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

 

 

6,753

 

 

7,462,065

 

Oil, Gas & Consumable Fuels — 10.5%

 

 

 

 

 

 

 

Alpha Natural Resources, Inc.,
6.25%, 6/01/21

 

 

715

 

 

682,825

 

Arch Coal, Inc.:

 

 

 

 

 

 

 

7.25%, 10/01/20

 

 

525

 

 

514,500

 

7.25%, 6/15/21 (b)

 

 

1,330

 

 

1,290,100

 

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

 

 

800

 

 

824,000

 

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

 

 

35

 

 

38,325

 

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

 

 

200

 

 

198,500

 

Chesapeake Energy Corp.:

 

 

 

 

 

 

 

6.63%, 8/15/20

 

 

582

 

 

602,370

 

6.13%, 2/15/21

 

 

850

 

 

852,125

 

2.25%, 12/15/38 (h)

 

 

1,250

 

 

1,059,375

 

 

 

 

 

 

 

 

 

Corporate Bonds

 

Par
(000)

 

Value

 

Oil, Gas & Consumable Fuels (continued)

 

 

 

 

 

 

 

Chesapeake Oilfield Operating LLC,
6.63%, 11/15/19 (b)

 

USD

725

 

$

715,031

 

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

 

 

414

 

 

440,910

 

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

 

 

635

 

 

660,400

 

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

 

 

3,050

 

 

3,278,750

 

Continental Resources, Inc.,
7.13%, 4/01/21

 

 

575

 

 

621,000

 

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

 

 

520

 

 

520,000

 

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

 

 

280

 

 

298,200

 

Crown Oil Partners IV LP, 15.00%,
11/22/14

 

 

908

 

 

908,333

 

Denbury Resources, Inc.:

 

 

 

 

 

 

 

8.25%, 2/15/20

 

 

1,000

 

 

1,086,250

 

6.38%, 8/15/21

 

 

540

 

 

550,800

 

EV Energy Partners LP, 8.00%,
4/15/19

 

 

220

 

 

217,800

 

Energy XXI Gulf Coast, Inc.:

 

 

 

 

 

 

 

9.25%, 12/15/17

 

 

615

 

 

630,375

 

7.75%, 6/15/19

 

 

1,390

 

 

1,334,400

 

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

 

 

1,165

 

 

1,199,950

 

Kodiak Oil & Gas Corp., 8.13%,
12/01/19 (b)

 

 

505

 

 

512,575

 

Linn Energy LLC:

 

 

 

 

 

 

 

6.50%, 5/15/19 (b)

 

 

265

 

 

251,750

 

8.63%, 4/15/20

 

 

1,715

 

 

1,792,175

 

7.75%, 2/01/21

 

 

675

 

 

675,000

 

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

 

 

205

 

 

210,894

 

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

 

 

2,010

 

 

1,959,750

 

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

 

 

6,780

 

 

6,441,000

 

Oasis Petroleum, Inc.:

 

 

 

 

 

 

 

7.25%, 2/01/19 (b)

 

 

510

 

 

520,200

 

6.50%, 11/01/21

 

 

450

 

 

437,625

 

Petrohawk Energy Corp.:

 

 

 

 

 

 

 

10.50%, 8/01/14

 

 

595

 

 

662,681

 

7.88%, 6/01/15

 

 

680

 

 

724,200

 

7.25%, 8/15/18

 

 

495

 

 

554,400

 

Petroleum Geo-Services, 7.38%,
12/15/18 (b)

 

 

690

 

 

686,550

 

Pioneer Natural Resources Co.:

 

 

 

 

 

 

 

6.88%, 5/01/18

 

 

715

 

 

801,378

 

7.50%, 1/15/20

 

 

225

 

 

260,975

 

Plains Exploration & Production Co.:

 

 

 

 

 

 

 

6.63%, 5/01/21

 

 

1,245

 

 

1,257,450

 

6.75%, 2/01/22

 

 

1,020

 

 

1,040,400

 

Precision Drilling Corp., 6.50%,
12/15/21 (b)

 

 

460

 

 

460,000

 

Range Resources Corp.:

 

 

 

 

 

 

 

8.00%, 5/15/19

 

 

600

 

 

666,000

 

5.75%, 6/01/21

 

 

1,520

 

 

1,622,600

 

 

 

 

 

 

 

 

 

 

BLACKROCK CORPORATE HIGH YIELD FUND VI, INC.

NOVEMBER 30, 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

 

Oil, Gas & Consumable Fuels (concluded)

 

 

 

 

 

 

 

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

 

USD

205

 

$

207,050

 

SandRidge Energy, Inc., 7.50%,
3/15/21

 

 

1,435

 

 

1,313,025

 

 

 

 

 

 

 

41,581,997

 

Paper & Forest Products — 2.6%

 

 

 

 

 

 

 

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

 

 

1,880

 

 

1,184,645

 

Boise Paper Holdings LLC:

 

 

 

 

 

 

 

9.00%, 11/01/17

 

 

200

 

 

215,000

 

8.00%, 4/01/20

 

 

240

 

 

252,600

 

Clearwater Paper Corp.:

 

 

 

 

 

 

 

10.63%, 6/15/16

 

 

625

 

 

693,750

 

7.13%, 11/01/18

 

 

885

 

 

915,975

 

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

 

 

2,570

 

 

2,824,589

 

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

 

 

535

 

 

537,675

 

NewPage Corp., 11.38%,
12/31/14 (a)(d)

 

 

3,350

 

 

2,336,625

 

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

 

 

200

 

 

172,000

 

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

 

 

1,202

 

 

1,226,040

 

 

 

 

 

 

 

10,358,899

 

Pharmaceuticals — 0.7%

 

 

 

 

 

 

 

Capsugel Finance Co. SCA, 9.88%,
8/01/19

 

EUR

105

 

 

141,088

 

Capsugel Finance Co. SCA, 9.88%,
8/01/19 (b)

 

 

300

 

 

403,110

 

Endo Pharmaceuticals Holdings,
Inc., 7.00%, 7/15/19 (b)

 

USD

285

 

 

292,125

 

Jaguar Holding Co. / Jaguar Merger
Sub, Inc., 9.50%, 12/01/19 (b)
(k)

 

 

650

 

 

653,250

 

Valeant Pharmaceuticals
International, 6.50%, 7/15/16
(b)

 

 

1,310

 

 

1,267,425

 

 

 

 

 

 

 

2,756,998

 

Professional Services — 0.4%

 

 

 

 

 

 

 

FTI Consulting, Inc., 6.75%,
10/01/20

 

 

1,450

 

 

1,462,688

 

Real Estate Investment Trusts (REITs) — 0.7%

 

 

 

 

 

 

 

FelCor Lodging LP, 6.75%,
6/01/19

 

 

2,170

 

 

2,018,100

 

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

 

 

805

 

 

805,000

 

 

 

 

 

 

 

2,823,100

 

Real Estate Management & Development — 2.1%

 

 

 

 

 

 

 

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

 

 

520

 

 

523,900

 

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

 

 

2,300

 

 

2,265,500

 

 

 

 

 

 

 

 

 

Corporate Bonds

 

Par
(000)

 

Value

 

Real Estate Management & Development (concluded)

 

 

 

 

 

 

 

Realogy Corp.:

 

 

 

 

 

 

 

11.50%, 4/15/17 (j)

 

USD

745

 

$

568,063

 

12.00%, 4/15/17 (j)

 

 

155

 

 

116,250

 

7.88%, 2/15/19 (b)

 

 

3,845

 

 

3,306,700

 

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

 

 

1,885

 

 

1,724,775

 

 

 

 

 

 

 

8,505,188

 

Road & Rail — 1.6%

 

 

 

 

 

 

 

Avis Budget Car Rental LLC, 8.25%,
1/15/19

 

 

670

 

 

644,875

 

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

 

 

650

 

 

647,563

 

Hertz Holdings Netherlands BV:

 

 

 

 

 

 

 

8.50%, 7/31/15

 

EUR

295

 

 

396,391

 

8.50%, 7/31/15 (b)

 

 

2,080

 

 

2,794,895

 

The Hertz Corp.:

 

 

 

 

 

 

 

7.50%, 10/15/18

 

USD

1,005

 

 

1,007,512

 

6.75%, 4/15/19

 

 

175

 

 

169,750

 

7.38%, 1/15/21

 

 

765

 

 

757,350

 

 

 

 

 

 

 

6,418,336

 

Semiconductors & Semiconductor Equipment — 0.2%

 

 

 

 

 

 

 

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

 

 

890

 

 

907,800

 

Specialty Retail — 2.4%

 

 

 

 

 

 

 

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

 

 

565

 

 

559,350

 

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

 

 

830

 

 

838,300

 

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

 

GBP

439

 

 

537,198

 

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

 

USD

1,255

 

 

1,449,525

 

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

 

GBP

570

 

 

697,533

 

QVC, Inc. (b):

 

 

 

 

 

 

 

7.13%, 4/15/17

 

USD

355

 

 

371,863

 

7.50%, 10/01/19

 

 

970

 

 

1,030,625

 

7.38%, 10/15/20

 

 

455

 

 

483,437

 

Sally Holdings LLC / Sally Capital,
Inc., 6.88%, 11/15/19 (b)

 

 

465

 

 

475,462

 

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

 

 

580

 

 

604,650

 

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

 

 

660

 

 

653,400

 

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

 

 

1,670

 

 

1,695,050

 

 

 

 

 

 

 

9,396,393

 

Transportation Infrastructure — 0.2%

 

 

 

 

 

 

 

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

 

 

665

 

 

631,750

 

Wireless Telecommunication Services — 4.4%

 

 

 

 

 

 

 

Cricket Communications, Inc.,
7.75%, 5/15/16

 

 

830

 

 

827,925

 

Crown Castle International Corp.,
7.13%, 11/01/19

 

 

330

 

 

353,925

 

 

 

 

 

 

 

 

 

 

BLACKROCK CORPORATE HIGH YIELD FUND VI, INC.

NOVEMBER 30, 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

 

Wireless Telecommunication Services (concluded)

 

 

 

 

 

 

 

Digicel Group Ltd. (b):

 

 

 

 

 

 

 

8.88%, 1/15/15

 

USD

1,120

 

$

1,103,200

 

9.13%, 1/15/15

 

 

2,864

 

 

2,821,040

 

8.25%, 9/01/17

 

 

1,720

 

 

1,694,200

 

10.50%, 4/15/18

 

 

800

 

 

796,000

 

iPCS, Inc., 2.55%, 5/01/13 (i)

 

 

1,585

 

 

1,442,350

 

MetroPCS Wireless, Inc., 6.63%,
11/15/20

 

 

1,550

 

 

1,352,375

 

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

 

 

589

 

 

597,835

 

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

 

 

2,980

 

 

2,078,550

 

Sprint Nextel Corp., 9.00%,
11/15/18 (b)

 

 

4,210

 

 

4,241,575

 

 

 

 

 

 

 

17,308,975

 

Total Corporate Bonds – 99.7%

 

 

 

 

 

395,365,907

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Floating Rate Loan Interests (i)

 

 

 

 

 

 

 

Airlines — 0.3%

 

 

 

 

 

 

 

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

 

 

1,122

 

 

1,067,762

 

Building Products — 0.3%

 

 

 

 

 

 

 

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

 

 

982

 

 

981,406

 

Capital Markets — 0.0%

 

 

 

 

 

 

 

Marsico Parent Co., LLC, Term
Loan, 5.25% - 5.44%, 12/14/14

 

 

238

 

 

90,134

 

Chemicals — 0.2%

 

 

 

 

 

 

 

PQ Corp. (FKA Niagara Acquisition,
Inc.), Original Term Loan (First
Lien), 3.51% - 3.68%, 7/30/14

 

 

325

 

 

304,475

 

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

 

 

679

 

 

584,218

 

 

 

 

 

 

 

888,693

 

Commercial Services & Supplies — 0.8%

 

 

 

 

 

 

 

AWAS Finance Luxembourg Sarl,
Term Loan B, 5.25%, 6/10/16

 

 

793

 

 

784,008

 

Delos Aircraft, Inc., Term Loan B2,
7.00%, 3/17/16

 

 

975

 

 

975,975

 

Volume Services America, Inc. (FKA
Centerplate), Term Loan B,
10.50% - 10.75%, 9/16/16

 

 

1,584

 

 

1,558,260

 

 

 

 

 

 

 

3,318,243

 

Construction & Engineering — 0.8%

 

 

 

 

 

 

 

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

 

 

3,250

 

 

3,250,000

 

Consumer Finance — 1.7%

 

 

 

 

 

 

 

Springleaf Finance Corp. (FKA
AGFS Funding Co.), Term Loan,
5.50%, 5/10/17

 

 

7,825

 

 

6,783,336

 

 

 

 

 

 

 

 

 

Floating Rate Loan Interests (i)

 

Par
(000)

 

Value

 

Diversified Consumer Services — 0.0%

 

 

 

 

 

 

 

ServiceMaster Co.:

 

 

 

 

 

 

 

Closing Date Term Loan,
2.76%, 7/24/14

 

USD

13

 

$

12,392

 

Delayed Draw Term Loan,
2.75% - 2.83%, 7/24/14

 

 

132

 

 

124,431

 

 

 

 

 

 

 

136,823

 

Diversified Telecommunication Services — 0.5%

 

 

 

 

 

 

 

Level 3 Financing, Inc.:

 

 

 

 

 

 

 

Incremental Tranche A Term
Loan, 2.65%, 3/13/14

 

 

775

 

 

727,531

 

Term Loan B, 5.75%, 8/31/18

 

 

1,300

 

 

1,257,750

 

 

 

 

 

 

 

1,985,281

 

Electronic Equipment, Instruments & Components — 0.1%

 

 

 

 

 

 

 

CDW LLC (FKA CDW Corp.), Non-
Extended Term Loan, 3.75%,
10/10/14

 

 

185

 

 

177,657

 

Energy Equipment & Services — 2.2%

 

 

 

 

 

 

 

Dynegy Holdings, Inc.:

 

 

 

 

 

 

 

Coal Co. Term Loan, 9.25%,
8/04/16

 

 

3,092

 

 

3,086,133

 

Gas Co. Term Loan, 9.25%,
8/04/16

 

 

5,658

 

 

5,699,186

 

 

 

 

 

 

 

8,785,319

 

Food Products — 0.3%

 

 

 

 

 

 

 

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

 

 

1,300

 

 

1,292,954

 

Health Care Providers & Services — 0.8%

 

 

 

 

 

 

 

Harden Healthcare LLC:

 

 

 

 

 

 

 

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

 

 

760

 

 

745,002

 

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

 

 

589

 

 

576,812

 

Health Management Associates,
Term Loan B3, 3.50%, 11/16/18

 

 

610

 

 

607,206

 

inVentiv Health, Inc. (FKA Ventive
Health, Inc.), Term Loan B,
6.50%, 8/04/16

 

 

1,243

 

 

1,214,265

 

 

 

 

 

 

 

3,143,285

 

Hotels, Restaurants & Leisure — 0.2%

 

 

 

 

 

 

 

Caesars Entertainment Operating
Co., Inc., Term Loan B3, 3.32% -
3.42%, 1/28/15

 

 

575

 

 

490,224

 

Travelport LLC:

 

 

 

 

 

 

 

Extended Tranche A Term
Loan, 6.00%, 9/28/12

 

 

282

 

 

140,882

 

Extended Tranche B Term
Loan, 13.87%, 12/01/16

 

 

856

 

 

156,910

 

 

 

 

 

 

 

788,016

 

 

 

 

 

 

 

 

 

 

BLACKROCK CORPORATE HIGH YIELD FUND VI, INC.

NOVEMBER 30, 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

 

Independent Power Producers & Energy Traders — 0.8%

 

 

 

 

 

 

 

Texas Competitive Electric Holdings
Co. LLC (FKA TXU), Extended
Term Loan, 4.75%, 10/10/17

 

USD

4,876

 

$

3,174,924

 

Industrial Conglomerates — 0.2%

 

 

 

 

 

 

 

Sequa Corp., Incremental Term
Loan, 7.00%, 12/03/14

 

 

680

 

 

678,300

 

Media — 4.3%

 

 

 

 

 

 

 

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

 

 

2,661

 

 

2,452,218

 

HMH Publishing Co., Ltd., Tranche
A Term Loan, 6.44%, 6/12/14

 

 

1,426

 

 

980,626

 

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

 

 

11,244

 

 

11,093,624

 

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

 

 

2,450

 

 

2,520,438

 

 

 

 

 

 

 

17,046,906

 

Multiline Retail — 0.5%

 

 

 

 

 

 

 

HEMA Holding BV, Mezzanine,
9.86%, 7/05/17

 

EUR

1,667

 

 

1,777,105

 

Oil, Gas & Consumable Fuels — 0.7%

 

 

 

 

 

 

 

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

 

USD

2,822

 

 

2,808,066

 

Paper & Forest Products — 0.5%

 

 

 

 

 

 

 

NewPage Corp., DIP Term Loan,
8.00%, 3/07/13

 

 

950

 

 

953,563

 

Verso Paper Finance Holdings LLC,
Term Loan, with PIK option,
6.68% - 7.43%, 2/01/13

 

 

2,197

 

 

1,098,621

 

 

 

 

 

 

 

2,052,184

 

Pharmaceuticals — 0.5%

 

 

 

 

 

 

 

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

 

 

1,489

 

 

1,416,173

 

Pharmaceutical Products Development:

 

 

 

 

 

 

 

Bridge Term Loan, 9.75%,
11/02/12

 

 

2,500

 

 

—

 

Term Loan B, 7.00%,
11/19/18

 

 

610

 

 

601,393

 

 

 

 

 

 

 

2,017,566

 

Real Estate Investment Trusts (REITs) — 0.5%

 

 

 

 

 

 

 

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

 

 

2,183

 

 

2,153,699

 

Real Estate Management & Development — 0.3%

 

 

 

 

 

 

 

Realogy Corp.:

 

 

 

 

 

 

 

Extended Synthetic Letter of
Credit Loan C, 4.44%,
10/10/16

 

 

167

 

 

147,641

 

 

 

 

 

 

 

 

 

Floating Rate Loan Interests (i)

 

Par
(000)

 

Value

 

Real Estate Management & Development (concluded)

 

 

 

 

 

 

 

Realogy Corp. (concluded):

 

 

 

 

 

 

 

Extended Term Loan B, 4.69%,
10/10/16

 

USD

1,173

 

$

1,038,070

 

 

 

 

 

 

 

1,185,711

 

Specialty Retail — 0.0%

 

 

 

 

 

 

 

Claire’s Stores, Inc., Term Loan B,
3.00% - 3.18%, 5/29/14

 

 

194

 

 

166,288

 

Wireless Telecommunication Services — 1.0%

 

 

 

 

 

 

 

Vodafone Americas Finance 2, Inc.,
PIK Term Loan B, 6.25%,
7/11/16

 

 

3,900

 

 

3,870,750

 

Total Floating Rate Loan Interests – 17.5%

 

 

 

 

 

69,620,408

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Interests (l)

 

Beneficial
Interest
(000)

 

 

 

 

Chemicals — 0.0%

 

 

 

 

 

 

 

Wellman Holdings, Inc.

 

 

4,870

 

 

49

 

Energy Equipment & Services — 0.7%

 

 

 

 

 

 

 

BLK HYT (Luxembourg)
Investments, S.a.r.l, (FKA
Laricina Energy Ltd.) (m)

 

 

71

 

 

2,958,343

 

Hotels, Restaurants & Leisure — 0.0%

 

 

 

 

 

 

 

Buffets, Inc. (a)

 

 

950

 

 

10

 

Media — 0.0%

 

 

 

 

 

 

 

Adelphia Escrow (a)

 

 

1,300

 

 

13

 

Adelphia Recovery Trust (a)

 

 

1,630

 

 

163

 

 

 

 

 

 

 

176

 

Total Other Interests – 0.7%

 

 

 

 

 

2,958,578

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Preferred Securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital Trusts

 

Par
(000)

 

 

 

 

Insurance — 0.2%

 

 

 

 

 

 

 

Genworth Financial, Inc., 6.15%,
11/15/66 (i)

 

 

1,335

 

 

745,931

 

Total Capital Trusts – 0.2%

 

 

 

 

 

745,931

 

 

 

 

 

 

 

 

 

 

BLACKROCK CORPORATE HIGH YIELD FUND VI, INC.

NOVEMBER 30, 2011

9


 

 

 

 

Schedule of Investments (continued)

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

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

Preferred Securities

  

Shares

  

Value

  

Preferred Stocks

 

 

 

 

 

 

 

Auto Components — 0.4%

 

 

 

 

 

 

 

Dana Holding Corp., 4.00% (a)(b) (h)

 

 

14,470

 

$

1,604,361

 

Diversified Financial Services — 0.9%

 

 

 

 

 

 

 

Ally Financial, Inc., 7.00% (b)

 

 

5,095

 

 

3,569,366

 

Thrifts & Mortgage Finance — 0.1%

 

 

 

 

 

 

 

Fannie Mae, Series O, 7.00% (a)(i)

 

 

40,000

 

 

114,000

 

Freddie Mac, Series Z, 8.38% (a)(i)

 

 

110,157

 

 

225,822

 

 

 

 


 

 

339,822

Total Preferred Stocks – 1.4%

 

 


 

 

5,513,549

 

 

 

 

 

 

 


 



Trust Preferreds

 

 

Par
(000)

 

 


 

Diversified Financial Services — 0.4%

 

 

 

 

 

 

 

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

 

 

2,106

 

 

1,600,750

 

Total Trust Preferreds – 0.4%

 

 


 

 

1,600,750

 

Total Preferred Securities – 2.0%

 

 


 

 

7,860,230

 

 

 

 


 

 


 


Warrants (n)

 

Shares

 

 


 

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%

 

 

 

 

 

 

 

Cumulus Media, Inc. (Expires
3/26/19)

 

 

149,608

 

 

432,067

 

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

 

 

26,189

 

262

 

 

 

 


 

 

432,329

 

Software — 0.0%

 

 

 

 

 

 

 

Bankruptcy Management
Solutions, Inc. (Expires 9/29/17)

 

 

525

 

 

6

 

 

 

 

 

 

 

 

 

Warrants (n)

 

Shares

 

Value

 

Software (concluded)

 

 

 

 

 

 

 

HMH Holdings/EduMedia (Expires
3/09/17)

 

 

22,578

 

$

—

 

 

 

 


 

 

6

 

Total Warrants – 0.1%

 





432,344


Total Long-Term Investments
(Cost – $520,514,375) – 126.6%

 





502,049,034


 

 

 

 

 

 

 

 


Short-Term Securities

 

 

 

 

 

 

 

BlackRock Liquidity Funds, TempFund,
Institutional Class, 0.13% (o)(p)

 

 

274,352

 

 

274,352

 

Total Short-Term Securities
(Cost – $274,352) – 0.1%

 

 

 

 

 

274,352

 

 

 

 

 

 

 

 

 

Options Purchased

 


Notional
Amount
(000)

 

 

 

 

Over-the-Counter Call Swaptions — 0.0%

 

 

 

 

 

 

 

Receive a return based on return of
Dow Jones CDX North America High
Yield Index Series 16 and pay a
floating rate based on 3-month
LIBOR, Expires 12/21/11, Broker
Deutsche Bank Securities Inc.

 

USD

15,000

 

 

28,782

  

Total Options Purchased
(Cost – $276,000) – 0.0%

 

 


 

 

28,782

 

Total Investments Before Options Written
(Cost – $521,064,727*) – 126.7%

 

 

 

 

 

502,352,168

 

 

 

 

 

 

 

 

 


Options Written

 

 

 

 

 

 

 

Over-the-Counter Call Swaptions — (0.1)%

 

 

 

 

 

 

 

Pay a return based on return of Dow
Jones CDX North America High Yield
Index Series 17 and receive a
floating rate based on 3-month
LIBOR, Expires 3/21/2012, Broker
Goldman Sachs International

 

 

8,000

 

 

(333,800

)

Over-the-Counter Put Swaptions — (0.1)%

 

 

 

 

 

 

 

Pay a return based on return of Dow
Jones CDX North America High Yield
Index Series 16 and receive a
floating rate based on 3-month
LIBOR, Expires 12/21/11, Broker
Deutsche Bank AG

 

 

15,000

 

 

(173,176

)

 

 

 

 

 

 

 

 

 

BLACKROCK CORPORATE HIGH YIELD FUND VI, INC.

NOVEMBER 30, 2011

10


 

 

 

 

 

Schedule of Investments (continued)

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

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

Options Written

 

Notional
Amount
(000)

 

Value

 

Over-the-Counter Put Swaptions (concluded)

 

 

 

 

 

 

 

Pay a return based on return of Dow
Jones CDX North America High Yield
Index Series 17 and receive a
floating rate based on 3-month
LIBOR, Expires 3/21/2012, Broker
Goldman Sachs International

 

$

8,000

 

$

(237,981

)

 

 

 

 

 

 

(411,157

)

Total Options Written
(Premiums Received – $920,000) – (0.2)%

 

 

 

 

 

(744,957

)

Total Investments, Net of Options Written- 126.5%

 

 

 

 

 

501,607,211

 

Liabilities in Excess of Other Assets – (26.5)%

 

 

 

 

 

(104,908,230

)

Net Assets – 100.0%

 

 

 

 

$

396,698,981

 

 

 


*


The cost and unrealized appreciation (depreciation) of investments as of November 30, 2011, as computed for federal income tax purposes, were as follows:

 

 

 

 

 

 

 

Aggregate cost

 

$

521,901,185

 

 

Gross unrealized appreciation

 

$

16,415,369

 

 

Gross unrealized depreciation

 

 

(35,964,386

)

 

Net unrealized depreciation

 

$

(19,549,017

)

 

 

(a)

Non-income producing security.

 

 

(b)

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

 

 

(c)

All or a portion of security has been pledged as collateral in connection with swaps.

 

 

(d)

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

 

 

(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.

 

 

(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)

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Counterparty

 

Value

 

Unrealized
Appreciation

 

 

Bank of America

 

$

410,000

 

$

—

 

 

JPMorgan

 

$

653,250

 

$

3,250

 

 

 

(l)

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

 

 

(m)

Wholly-owned subsidiary.

 

 

(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)

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,
2011

 

Net
Activity

 

Shares
Held at
November 30,
2011

Income

 

 

BlackRock

 

 

 

 

 

 

 

 

 

 

Liquidity
Funds,

 

 

 

 

 

 

 

 

 

 

TempFund,

 

 

 

 

 

 

 

 

 

 

Institutional

 

 

 

 

 

 

 

 

 

 

Class

 

941,235

 

(666,883)

 

274,352

$

254

 

 

 

(p)

Represents the current yield as of report date.

 

 

•

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. These definitions may not apply for purposes of this report, which may combine such industry sub-classifications for reporting ease.

 

 

 

 

 

 

 

 

 

 

BLACKROCK CORPORATE HIGH YIELD FUND VI, INC.

NOVEMBER 30, 2011

11


 

 

 

 

Schedule of Investments (continued)

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

 

 

•

Financial futures contracts sold as of November 30, 2011 were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contracts

 

Issue

 

Exchange

 

Expiration

 

Notional
Value

 

Unrealized
Depreciation

 

550

 

S&P 500 Index EMini

 

Chicago Mercantile

 

December 2011

 

 

34,265,000

 

$

(2,117,159

)

 

 

•

Foreign currency exchange contracts as of November 30, 2011 were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

Currency Purchased

 

Currency Sold

 

Counterparty

 

Settlement Date

 

Unrealized
Appreciation
(Depreciation)

 

USD

163,147

 

EUR

121,000

 

Royal Bank of Scotland

 

12/01/11

 

$

560

 

GBP

390,000

 

USD

611,068

 

Citibank NA

 

1/18/12

 

 

545

 

USD

527,725

 

CAD

545,000

 

Deutsche Bank AG

 

1/18/12

 

 

(5,991

)

USD

5,920,742

 

GBP

3,799,000

 

Citibank NA

 

1/18/12

 

 

(37,005

)

EUR

300,000

 

USD

399,648

 

Citibank NA

 

1/25/12

 

 

3,673

 

EUR

1,237,000

 

USD

1,690,894

 

Deutsche Bank AG

 

1/25/12

 

 

(27,870

)

EUR

309,000

 

USD

418,541

 

Royal Bank of Scotland

 

1/25/12

 

 

(3,121

)

USD

33,677,395

 

EUR

24,484,000

 

Citibank NA

 

1/25/12

 

 

761,085

 

USD

178,416

 

EUR

132,000

 

Deutsche Bank AG

 

1/25/12

 

 

955

 

USD

239,234

 

EUR

170,000

 

Royal Bank of Scotland

 

1/25/12

 

 

10,686

 

Total

 

 

 

 

 

 

 

 

 

$

703,517

 

 

 

•

Credit default swaps on single-name issues - buy protection outstanding as of November 30, 2011 were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Issuer

 

Pay
Fixed
Rate

 

Counterparty

 

Expiration
Date

 

Notional
Amount
(000)

 

Unrealized
Appreciation
(Depreciation)

 

Republic of Hungary

 

1.00%

 

Deutsche Bank AG

 

12/20/15

 

$

470

 

$

36,484

 

Israel (State of)

 

1.00%

 

Deutsche Bank AG

 

3/20/16

 

$

1,050

 

 

6,488

 

Realogy Corp.

 

5.00%

 

Goldman Sachs International

 

9/20/16

 

$

225

 

 

3,499

 

iStar Financial, Inc.

 

5.00%

 

Deutsche Bank AG

 

12/20/16

 

$

375

 

 

(16,994

)

Nucor Corp.

 

1.00%

 

Goldman Sachs International

 

12/20/16

 

$

945

 

 

(29,213

)

Alcoa, Inc.

 

5.00%

 

JPMorgan Chase & Co.

 

12/20/16

 

$

945

 

 

119,115

 

Borgwarner, Inc.

 

1.00%

 

JPMorgan Chase & Co.

 

12/20/16

 

$

750

 

 

(21,489

)

DOW Chemical Co.

 

1.00%

 

JPMorgan Chase & Co.

 

12/20/16

 

$

945

 

 

(30,868

)

Johnson Controls, Inc.

 

1.00%

 

JPMorgan Chase & Co.

 

12/20/16

 

$

750

 

 

(24,899

)

Total

 

 

 

 

 

 

 

 

 

 

$

42,123

 

 

 

•

Credit default swaps on single-name issues - sold protection outstanding as of November 30, 2011 were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Issuer

 

Receive
Fixed
Rate

 

Counterparty

 

Expiration
Date

 

Issuer
Credit
Rating1

 

Notional
Amount
(000)2

 

Unrealized
Appreciation
(Depreciation)

 

CIT Group, Inc.

 

5.00%

 

Deutsche Bank AG

 

9/20/15

 

B+

 

$

5,000

 

$

(32,258

)

Aramark Corp.

 

5.00%

 

Goldman Sachs International

 

3/20/16

 

B

 

$

750

 

 

(6,717

)

Aramark Corp.

 

5.00%

 

Goldman Sachs International

 

6/20/16

 

B

 

$

950

 

 

(12,709

)

Aramark Corp.

 

5.00%

 

Credit Suisse Securities (USA) LLC

 

9/20/16

 

B

 

$

200

 

 

3,324

 

Aramark Corp.

 

5.00%

 

Goldman Sachs International

 

9/20/16

 

B

 

$

650

 

 

(6,993

)

Ford Motor Co.

 

5.00%

 

Deutsche Bank AG

 

12/20/16

 

BB+

 

$

1,450

 

 

(55,234

)

Ford Motor Co.

 

5.00%

 

JPMorgan Chase & Co.

 

12/20/16

 

BB+

 

$

750

 

 

(23,726

)

Total

 

 

 

 

 

 

 

 

 

 

 

 

$

(134,313

)

 

 

1

Using Standard & Poor’s (S&P’s) rating.

2

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

 

 

 

 

 

 

 

 

 

BLACKROCK CORPORATE HIGH YIELD FUND VI, INC.

NOVEMBER 30, 2011

12


 

 

 

 

Schedule of Investments (continued)

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

•

Credit default swaps on traded indexes - buy protection outstanding as of November 30, 2011 were as follows:

 

Index

 

Pay
Fixed
Rate

 

Counterparty

 

Expiration
Date

 

 

Notional
Amount
(000)

 

 

Unrealized
Depreciation

 

 

Dow Jones CDX North
America High Yield
Index Series 17

 

5.00

%

Credit Suisse Securities (USA) LLC

 

12/20/16

 

$

18,525

 

$

(640,285

)

 

 

 

•

Fair Value Measurements - Various inputs are used in determining the fair value of investments and derivative financial instruments. These inputs are categorized into a disclosure hierarchy consisting of three broad levels for financial reporting purposes as follows:

 

 

 

 

•

Level 1 — unadjusted 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)

 

 

 

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. The categorization of a value determined for investments and derivative financial instruments is based on the pricing transparency of the investment and derivative financial instrument and does not necessarily correspond to the Fund’s perceived risk of 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 annual report.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The following tables summarize the inputs used as of November 30, 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:

 

 

 

 

 

 

 

 

 

 

 

 

 

Long-Term
Investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

Common
Stocks

 

$

11,226,889

 

$

790,366

 

$

13,794,312

 

$

25,811,567

 

Corporate
Bonds

 

 

—

 

 

390,562,564

 

 

4,803,343

 

 

395,365,907

 

Floating Rate
Loan
Interests

 

 

—

 

 

55,902,604

 

 

13,717,804

 

 

69,620,408

 

Other Interests

 

 

163

 

 

—

 

 

2,958,415

 

 

2,958,578

 

Preferred
Securities

 

 

1,940,572

 

 

5,919,658

 

 

—

 

 

7,860,230

 

Warrants

 

 

—

 

 

432,068

 

 

276

 

 

432,344

 

Short-Term
Securities

 

 

274,352

 

 

—

 

 

—

 

 

274,352

 

Total

 

$

13,441,976

 

$

453,607,260

 

$

35,274,150

 

$

502,323,386

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Valuation Inputs

 

Level 1

 

Level 2

 

Level 3

 

Total

 

Derivative Financial Instruments1

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

Credit contracts

 

 

—

 

$

197,692

 

 

—

 

$

197,692

 

Foreign currency
exchange
contracts

 

 

—

 

 

777,504

 

 

—

 

 

777,504

 

Equity contracts

 

 

—

 

 

—

 

 

—

 

 

—

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

Credit contracts

 

 

—

 

 

(1,614,084

)

$

(32,258

)

 

(1,646,342

)

Foreign currency
exchange
contracts

 

 

—

 

 

(73,987

)

 

—

 

 

(73,987

)

Equity contracts

 

$

(2,117,159

)

 

—

 

 

—

 

 

(2,117,159

)

Total

 

$

(2,117,159

)

$

(712,875

)

$

(32,258

)

$

(2,862,292

)

 

 

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.

NOVEMBER 30, 2011

13


 

 

 

 

Schedule of Investments (concluded)

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


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common
Stocks

 

Corporate
Bonds

 

Floating Rate
Loan
Interests

 

Other
Interests

 

Warrants

 

Preferred
Securities

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, as of August 31, 2011

 

$

3,689,799

 

$

6,541,570

 

$

14,112,733

 

$

3,081,895

 

$

382,599

 

$

503,498

 

$

28,312,094

 

Accrued discounts/premiums

 

 

—

 

 

2,309

 

 

46,577

 

 

—

 

 

—

 

 

—

 

 

48,886

 

Net realized gain (loss)

 

 

9,200

 

 

(3,660,373

)

 

(207,667

)

 

—

 

 

—

 

 

—

 

 

(3,858,840

)

Net change in unrealized appreciation/ depreciation2

 

 

4,267,573

 

 

3,689,931

 

 

(871,283

)

 

(123,480

)

 

—

 

 

(503,498

)

 

6,459,243

 

Purchases

 

 

5,839,377

 

 

908,333

 

 

395,097

 

 

—

 

 

—

 

 

—

 

 

7,142,807

 

Sales

 

 

(11,637

)

 

(2,678,427

)

 

(652,913

)

 

—

 

 

—

 

 

—

 

 

(3,342,977

)

Transfers in3

 

 

—

 

 

—

 

 

3,424,885

 

 

—

 

 

—

 

 

—

 

 

3,424,885

 

Transfers out3

 

 

—

 

 

—

 

 

(2,529,625

)

 

—

 

 

(382,323

)

 

—

 

 

(2,911,948

)

Balance, as of November 30, 2011

 

$

13,794,312

 

$

4,803,343

 

$

13,717,804

 

$

2,958,415

 

$

276

 

$

—

 

$

35,274,150

 

 

 

2

The net change in unrealized appreciation/depreciation on the securities still held at November 30, 2011 was $3,242,891.

 

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.

The following is a reconciliation of Level 3 derivative financial instruments for which significant unobservable inputs were used to determine fair value:

 

 

 

 

 

 

 

Credit
Contracts

 

Assets:

 

 

 

 

Balance, as of August 31, 2011

 

$

—

 

Accrued discounts/premiums

 

 

70,434

 

Net realized gain (loss)

 

 

—

 

Net change in unrealized appreciation/depreciation

 

 

(32,258

)

Purchases

 

 

—

 

Issuances4

 

 

(393,750

)

Sales

 

 

—

 

Settlements5

 

 

323,316

 

Transfers in6

 

 

—

 

Transfers out6

 

 

—

 

 

 

 

—

 

Balance, as of November 30, 2011

 

$

(32,258

)

 

 

4

Issuances represent upfront cash received on certain derivative financial instruments.

 

5

Settlements represent periodic contractual cash flows and/or cash flows to terminate certain derivative financial instruments.

 

6

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 derivative financial instruments at the beginning and/or end of the period in relation to net assets.

 

 

 

 

 

 

 

 

 

BLACKROCK CORPORATE HIGH YIELD FUND VI, INC.

NOVEMBER 30, 2011

14

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: January 23, 2012

 

 

 

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: January 23, 2012

 

 

 

 By: /s/ Neal J. Andrews

 

 

 

Neal J. Andrews

 

 

Chief Financial Officer (principal financial officer) of

 

 

BlackRock Corporate High Yield Fund VI, Inc.

 

 

 

 

Date: January 23, 2012