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.
Fund Address: P.O. Box 9011
Princeton, NJ 08543-9011
Name and address of agent for service: Robert C. Doll, Jr., Chief Executive
Officer, BlackRock Corporate High Yield Fund VI, Inc., 800 Scudders Mill
Road, Plainsboro, NJ 08536. Mailing address: P.O. Box 9011, Princeton,
NJ 08543-9011
Registrant's telephone number, including area code: (609) 282-2800
Date of fiscal year end: 08/31/2007
Date of reporting period: 03/01/07 - 05/31/07
Item 1 - Schedule of Investments
BlackRock Corporate High Yield Fund VI, Inc.
Schedule of Investments as of May 31, 2007 (unaudited) (in U.S. dollars)
Face
Industry Amount Corporate Bonds Value
-----------------------------------------------------------------------------------------------------------------------------------
Aerospace & Defense - 4.5% $ 3,089,000 Alliant Techsystems, Inc., 2.75% due 9/15/2011 (a)(e) $ 3,648,881
900,000 Bombardier, Inc., 8% due 11/15/2014 (e) 958,500
2,325,000 DRS Technologies, Inc., 6.875% due 11/01/2013 2,342,437
1,600,000 Esterline Technologies Corp., 7.75% due 6/15/2013 1,652,000
2,200,000 L-3 Communications Corp., 7.625% due 6/15/2012 2,277,000
2,550,000 L-3 Communications Corp., 5.875% due 1/15/2015 2,486,250
2,220,000 L-3 Communications Corp., 3% due 8/01/2035 (a)(e) 2,458,650
2,200,000 L-3 Communications Corp. Series B, 6.375% due 10/15/2015 2,194,500
1,440,000 Standard Aero Holdings, Inc., 8.25% due 9/01/2014 1,551,600
750,000 TransDigm, Inc., 7.75% due 7/15/2014 (e) 780,000
3,200,000 Vought Aircraft Industries, Inc., 8% due 7/15/2011 3,284,000
--------------
23,633,818
-----------------------------------------------------------------------------------------------------------------------------------
Airlines - 0.7% 2,856,491 Continental Airlines, Inc. Series 1997-4-B, 6.90% due 7/02/2018 2,835,068
20,938 Continental Airlines, Inc. Series 1998-1-C,
6.541% due 9/15/2009 20,912
661,594 Continental Airlines, Inc. Series 2001-1 Class C,
7.033% due 12/15/2012 654,978
--------------
3,510,958
-----------------------------------------------------------------------------------------------------------------------------------
Automotive - 4.3% 865,000 Accuride Corp., 8.50% due 2/01/2015 888,788
560,000 Asbury Automotive Group, Inc., 7.625% due 3/15/2017 (e) 560,000
4,575,000 Autonation, Inc., 7.356% due 4/15/2013 (b) 4,620,750
2,400,000 Autonation, Inc., 7% due 4/15/2014 2,424,000
1,192,000 Ford Capital B.V., 9.50% due 6/01/2010 1,221,800
685,000 Ford Motor Co., 7.45% due 7/16/2031 563,412
1,100,000 Ford Motor Co., 8.90% due 1/15/2032 976,250
1,130,000 Ford Motor Credit Co., 8.105% due 1/13/2012 (b) 1,135,508
300,000 Ford Motor Credit Co. LLC, 7.80% due 6/01/2012 298,529
950,000 General Motors Acceptance Corp., 7.25% due 3/02/2011 968,383
400,000 General Motors Acceptance Corp., 8% due 11/01/2031 439,441
110,000 The Goodyear Tire & Rubber Co., 7.857% due 8/15/2011 114,950
1,460,000 The Goodyear Tire & Rubber Co., 8.625% due 12/01/2011 (e) 1,576,800
1,440,000 Group 1 Automotive, Inc., 2.25% due 6/15/2036 1,290,600
745,000 Keystone Automotive Operations, Inc., 9.75% due 11/01/2013 663,050
3,390,000 Lear Corp., 8.75% due 12/01/2016 3,254,400
1,805,000 United Auto Group, Inc., 7.75% due 12/15/2016 (e) 1,823,050
--------------
22,819,711
-----------------------------------------------------------------------------------------------------------------------------------
Broadcasting - 5.1% 2,800,000 Allbritton Communications Co., 7.75% due 12/15/2012 2,887,499
1,850,000 Barrington Broadcasting Group LLC, 10.50% due 8/15/2014 (e) 1,961,000
800,000 Bonten Media Acquisition Co., 9% due 6/01/2015 (e)(g) 806,000
3,175,000 CMP Susquehanna Corp., 9.875% due 5/15/2014 (e) 3,238,500
420,000 Local TV Finance LLC, 9.25% due 6/15/2015 (e)(g) 426,300
630,000 Nexstar Finance, Inc., 7% due 1/15/2014 641,025
4,750,000 Paxson Communications Corp., 8.606% due 1/15/2012 (b)(e) 4,850,938
4,075,000 Salem Communications Corp., 7.75% due 12/15/2010 4,166,688
2,550,000 Sinclair Broadcast Group, Inc., 8% due 3/15/2012 2,652,000
875,000 Sirius Satellite Radio, Inc., 9.625% due 8/01/2013 877,188
2,365,000 Umbrella Acquisition, 9.75% due 3/15/2015 (e)(g) 2,447,775
1,915,000 Young Broadcasting, Inc., 10% due 3/01/2011 1,948,513
--------------
26,903,426
-----------------------------------------------------------------------------------------------------------------------------------
BlackRock Corporate High Yield Fund VI, Inc.
Schedule of Investments as of May 31, 2007 (in U.S. dollars)
Face
Industry Amount Corporate Bonds Value
-----------------------------------------------------------------------------------------------------------------------------------
Cable - U.S. - 8.6% $ 3,750,000 CSC Holdings, Inc. Series B, 7.625% due 4/01/2011 $ 3,843,750
775,000 Cablevision Systems Corp. Series B, 8% due 4/15/2012 786,625
5,440,000 Charter Communications Holdings I LLC, 11%
due 10/01/2015 5,916,000
1,270,000 Charter Communications Holdings I LLC, 11%
due 10/01/2015 1,377,950
5,470,000 Charter Communications Holdings II LLC, 10.25%
due 9/15/2010 5,825,550
3,090,000 Echostar DBS Corp., 7.125% due 2/01/2016 3,171,112
355,000 Intelsat Bermuda Ltd., 11.409% due 6/15/2013 (b) 379,406
1,065,000 Intelsat Bermuda Ltd., 8.872% due 1/15/2015 (b) 1,088,962
1,100,000 Intelsat Bermuda Ltd., 11.25% due 6/15/2016 1,256,750
1,770,000 Intelsat Corp., 9% due 6/15/2016 1,938,150
560,000 Intelsat Ltd., 6.50% due 11/01/2013 478,800
3,475,000 Intelsat Subsidiary Holding Co. Ltd., 8.625% due 1/15/2015 3,722,594
979,000 Loral Spacecom Corp., 14% due 11/15/2015 (g) 1,106,270
3,900,000 Mediacom LLC, 9.50% due 1/15/2013 4,026,750
3,459,000 PanAmSat Corp., 9% due 8/15/2014 3,735,720
3,150,000 Quebecor Media, Inc., 7.75% due 3/15/2016 3,307,500
3,100,000 Rainbow National Services LLC, 10.375% due 9/01/2014 (e) 3,479,750
--------------
45,441,639
-----------------------------------------------------------------------------------------------------------------------------------
Chemicals - 4.5% 1,400,000 American Pacific Corp., 9% due 2/01/2015 (e) 1,412,250
850,000 Hexion U.S. Finance Corp., 9.75% due 11/15/2014 915,875
1,000,000 Hexion U.S. Finance Corp., 9.86% due 11/15/2014 (b)(e) 1,045,000
1,295,000 Ineos Group Holdings Plc, 8.50% due 2/15/2016 (e) 1,303,094
990,000 Innophos Holdings, Inc., 9.50% due 4/15/2012 (e) 1,009,800
1,250,000 Innophos, Inc., 8.875% due 8/15/2014 1,318,750
720,000 Key Plastics LLC & Key Plastics Finance Corp., 11.75% due
3/15/2013 (e) 723,600
2,680,000 MacDermid, Inc., 9.50% due 4/15/2017 (e) 2,827,400
3,700,000 Momentive Performance Materials, Inc., 10.125% due
12/01/2014 (e)(g) 3,866,500
3,275,000 NOVA Chemicals Corp., 8.484% due 11/15/2013 (b) 3,324,125
1,900,000 Nalco Co., 7.75% due 11/15/2011 1,966,500
1,900,000 Nalco Co., 8.875% due 11/15/2013 2,037,750
1,168,000 Nalco Finance Holdings, Inc., 10.078% due 2/01/2014 (h) 1,057,040
875,000 Terra Capital, Inc. Series B, 7% due 2/01/2017 877,188
--------------
23,684,872
-----------------------------------------------------------------------------------------------------------------------------------
Consumer - Durables - 0.0% 100,000 Simmons Bedding Co., 7.875% due 1/15/2014 102,000
-----------------------------------------------------------------------------------------------------------------------------------
Consumer - Non-Durables - 3.4% 3,350,000 American Greetings Corp., 7.375% due 6/01/2016 3,421,188
2,175,000 Chattem, Inc., 7% due 3/01/2014 2,180,437
1,150,000 Church & Dwight Co., Inc., 6% due 12/15/2012 1,129,875
5,725,000 Hines Nurseries, Inc., 10.25% due 10/01/2011 4,580,000
3,200,000 Levi Strauss & Co., 8.875% due 4/01/2016 3,396,000
3,150,000 Quiksilver, Inc., 6.875% due 4/15/2015 3,067,313
--------------
17,774,813
-----------------------------------------------------------------------------------------------------------------------------------
Diversified Media - 8.5% 2,189,000 Affinion Group, Inc., 11.50% due 10/15/2015 2,446,207
375,000 American Media Operations, Inc. Series B, 10.25%
due 5/01/2009 367,969
540,000 CBD Media Holdings LLC, 9.25% due 7/15/2012 572,400
4,125,000 CBD Media, Inc., 8.625% due 6/01/2011 4,238,437
2,525,000 Cadmus Communications Corp., 8.375% due 6/15/2014 2,556,562
BlackRock Corporate High Yield Fund VI, Inc.
Schedule of Investments as of May 31, 2007 (in U.S. dollars)
Face
Industry Amount Corporate Bonds Value
-----------------------------------------------------------------------------------------------------------------------------------
$ 610,000 CanWest Media, Inc., 8% due 9/15/2012 $ 629,825
2,256,000 Dex Media West LLC, 9.875% due 8/15/2013 2,450,580
3,190,000 Idearc, Inc., 8% due 11/15/2016 3,305,637
3,173,000 Liberty Media Corp., 0.75% due 3/30/2023 (a) 3,946,419
440,000 Network Communications, Inc., 10.75% due 12/01/2013 466,950
4,775,000 Nielsen Finance LLC, 10% due 8/01/2014 (e) 5,204,750
1,680,000 Nielsen Finance LLC, 9.919% due 8/01/2016 (e)(h) 1,222,200
5,225,000 Primedia, Inc., 8% due 5/15/2013 5,525,438
4,520,000 Quebecor World, Inc., 9.75% due 1/15/2015 (e) 4,791,200
2,275,000 R.H. Donnelley Corp. Series A-2, 6.875% due 1/15/2013 2,240,875
2,040,000 R.H. Donnelley Corp. Series A-3, 8.875% due 1/15/2016 2,198,100
2,850,000 Universal City Florida Holding Co. I, 10.106% due 5/01/2010 (b) 2,942,625
--------------
45,106,174
-----------------------------------------------------------------------------------------------------------------------------------
Energy - Exploration & 800,000 Berry Petroleum Co., 8.25% due 11/01/2016 818,000
Production - 3.8% 2,500,000 Chaparral Energy, Inc., 8.50% due 12/01/2015 2,506,250
2,715,000 Compton Petroleum Finance Corp., 7.625% due 12/01/2013 2,742,150
4,450,000 EXCO Resources, Inc., 7.25% due 1/15/2011 4,494,500
3,150,000 Encore Acquisition Co., 6.25% due 4/15/2014 2,933,437
2,710,000 OPTI Canada, Inc., 8.25% due 12/15/2014 (e) 2,879,375
1,220,000 Sabine Pass LNG LP, 7.50% due 11/30/2016 (e) 1,250,500
2,220,000 Stone Energy Corp., 8.106% due 7/15/2010 (b)(e) 2,220,000
--------------
19,844,212
-----------------------------------------------------------------------------------------------------------------------------------
Energy - Other - 2.8% 3,625,000 Aleris International, Inc., 9% due 12/15/2014 (e)(g) 3,769,035
1,750,000 Copano Energy LLC, 8.125% due 3/01/2016 1,824,375
600,000 KCS Energy, Inc., 7.125% due 4/01/2012 600,000
1,140,000 North American Energy Partners, Inc., 8.75% due 12/01/2011 1,174,200
3,200,000 Ocean RIG ASA, 9.35% due 4/04/2011 (b) 3,192,000
3,930,000 SemGroup LP, 8.75% due 11/15/2015 (e) 4,111,763
--------------
14,671,373
-----------------------------------------------------------------------------------------------------------------------------------
Financial - 0.6% 290,000 American Real Estate Partners LP, 7.125% due 2/15/2013 284,925
1,900,000 American Real Estate Partners LP, 7.125% due 2/15/2013 (e) 1,866,750
1,070,000 USI Holdings Corp., 9.23% due 11/15/2014 (b)(e) 1,072,675
--------------
3,224,350
-----------------------------------------------------------------------------------------------------------------------------------
Food & Tobacco - 3.4% 1,300,000 AmeriQual Group LLC, 9.50% due 4/01/2012 (e) 1,339,000
2,300,000 Constellation Brands, Inc., 8.125% due 1/15/2012 2,374,750
4,800,000 Cott Beverages USA, Inc., 8% due 12/15/2011 4,926,000
4,791,000 Del Monte Corp., 8.625% due 12/15/2012 5,030,550
320,000 Landry's Restaurants, Inc. Series B, 7.50% due 12/15/2014 318,400
3,150,000 National Beef Packing Co. LLC, 10.50% due 8/01/2011 3,315,375
815,000 Swift & Co., 12.50% due 1/01/2010 851,675
--------------
18,155,750
-----------------------------------------------------------------------------------------------------------------------------------
Gaming - 7.2% 2,200,000 Caesars Entertainment, Inc., 7.875% due 3/15/2010 2,301,750
155,000 Caesars Entertainment, Inc., 8.125% due 5/15/2011 164,106
1,250,000 French Lick Resorts & Casino LLC, 10.75% due 4/15/2014 (e) 1,056,250
450,000 Galaxy Entertainment Finance Co. Ltd.,
10.409% due 12/15/2010 (b)(e) 474,750
875,000 Galaxy Entertainment Finance Co. Ltd.,
9.875% due 12/15/2012 (e) 951,562
950,000 Greektown Holdings, LLC, 10.75% due 12/01/2013 (e) 1,026,000
BlackRock Corporate High Yield Fund VI, Inc.
Schedule of Investments as of May 31, 2007 (in U.S. dollars)
Face
Industry Amount Corporate Bonds Value
-----------------------------------------------------------------------------------------------------------------------------------
$ 5,185,000 Harrah's Operating Co., Inc., 5.75% due 10/01/2017 $ 4,303,550
2,575,000 Inn of the Mountain Gods Resort & Casino,
12% due 11/15/2010 2,787,437
1,895,000 Little Traverse Bay Bands of Odawa Indians,
10.25% due 2/15/2014 (e) 1,970,800
1,825,000 MGM Mirage, 9.75% due 6/01/2007 1,825,000
625,000 MGM Mirage, 6.75% due 4/01/2013 614,062
3,150,000 Penn National Gaming, Inc., 6.875% due 12/01/2011 3,173,625
3,950,000 Poster Financial Group, Inc., 8.75% due 12/01/2011 4,147,500
1,575,000 San Pasqual Casino, 8% due 9/15/2013 (e) 1,622,250
1,900,000 Station Casinos, Inc., 6.50% due 2/01/2014 1,759,875
2,575,000 Station Casinos, Inc., 7.75% due 8/15/2016 2,658,688
1,050,000 Station Casinos, Inc., 6.625% due 3/15/2018 945,000
3,270,000 Tropicana Entertainment, LLC, 9.625% due 12/15/2014 (e) 3,302,700
2,825,000 Wynn Las Vegas LLC, 6.625% due 12/01/2014 2,835,594
--------------
37,920,499
-----------------------------------------------------------------------------------------------------------------------------------
Health Care - 6.3% 300,000 Accellent, Inc., 10.50% due 12/01/2013 309,374
1,800,000 Angiotech Pharmaceuticals, Inc., 9.11% due 12/01/2013 (b) 1,872,000
900,000 The Cooper Cos., Inc., 7.125% due 2/15/2015 (e) 918,000
3,175,000 Elan Finance Plc, 9.36% due 11/15/2011 (b) 3,238,500
3,150,000 HealthSouth Corp., 11.354% due 6/15/2014 (b)(e) 3,433,500
1,150,000 Omnicare, Inc., 6.75% due 12/15/2013 1,132,750
1,250,000 Omnicare, Inc. Series OCR, 3.25% due 12/15/2035 (a) 1,064,063
1,500,000 PTS Acquisition Corp., 9.50% due 4/15/2015 (e)(g) 1,541,250
1,170,000 Tenet Healthcare Corp., 6.50% due 6/01/2012 1,089,563
3,565,000 Tenet Healthcare Corp., 9.875% due 7/01/2014 3,654,125
1,310,000 Triad Hospitals, Inc., 7% due 5/15/2012 1,362,400
4,775,000 U.S. Oncology, Inc., 9% due 8/15/2012 4,989,875
2,400,000 United Surgical Partners International, Inc.,
8.875% due 5/01/2017 (e) 2,481,000
520,000 Universal Hospital Services, Inc., 8.50% due 6/01/2015 (e)(g) 530,930
490,000 Universal Hospital Services, Inc., 8.759% due 6/01/2015 (b)(e) 497,350
1,575,000 VWR International, Inc., 8% due 4/15/2014 1,695,094
3,175,000 Vanguard Health Holding Co. II, LLC, 9% due 10/01/2014 3,325,813
--------------
33,135,587
-----------------------------------------------------------------------------------------------------------------------------------
Housing - 5.1% 4,750,000 Forest City Enterprises, Inc., 7.625% due 6/01/2015 4,845,000
1,147,000 Goodman Global Holding Co., Inc., 8.36% due 6/15/2012 (b) 1,159,904
2,225,000 Goodman Global Holding Co., Inc., 7.875% due 12/15/2012 2,263,937
625,000 Masonite Corp., 11% due 4/06/2015 (e) 590,625
820,000 Nortek, Inc., 8.50% due 9/01/2014 813,850
1,500,000 Ply Gem Industries, Inc., 9% due 2/15/2012 1,391,250
2,400,000 Realogy Corp., 10.50% due 4/15/2014 (e) 2,409,000
3,800,000 Realogy Corp., 11% due 4/15/2014 (e)(g) 3,781,000
5,420,000 Realogy Corp., 12.375% due 4/15/2015 (e) 5,284,500
2,550,000 Standard-Pacific Corp., 9.25% due 4/15/2012 2,530,875
1,600,000 Texas Industries, Inc., 7.25% due 7/15/2013 1,656,000
--------------
26,725,941
-----------------------------------------------------------------------------------------------------------------------------------
BlackRock Corporate High Yield Fund VI, Inc.
Schedule of Investments as of May 31, 2007 (in U.S. dollars)
Face
Industry Amount Corporate Bonds Value
-----------------------------------------------------------------------------------------------------------------------------------
Information Technology - 6.7% $ 450,000 Amkor Technology, Inc., 7.75% due 5/15/2013 $ 441,562
2,165,000 Amkor Technology, Inc., 9.25% due 6/01/2016 2,267,837
950,000 BMS Holdings, Inc., 12.40% due 2/15/2012 (b)(e) 905,487
335,000 Compagnie Generale de Geophysique SA,
7.50% due 5/15/2015 350,494
510,000 Compagnie Generale de Geophysique-Veritas,
7.75% due 5/15/2017 538,050
420,000 Cypress Semiconductor Corp., 1% due 9/15/2009 (a)(e) 446,250
7,930,000 Freescale Semiconductor, Inc., 9.125% due 12/15/2014 (e)(g) 7,850,700
790,000 Freescale Semiconductor, Inc., 9.235% due 12/15/2014 (b)(e) 790,988
3,045,000 Nortel Networks Ltd., 9.606% due 7/15/2011 (b)(e) 3,280,988
90,000 Sanmina-SCI Corp., 6.75% due 3/01/2013 84,825
1,805,000 Sanmina-SCI Corp., 8.125% due 3/01/2016 1,755,363
1,920,000 Spansion, Inc., 8.485% due 6/01/2013 (b)(e) 1,944,000
3,450,000 SunGard Data Systems, Inc., 9.125% due 8/15/2013 3,665,625
3,415,000 SunGard Data Systems, Inc., 10.25% due 8/15/2015 3,735,156
405,000 Telcordia Technologies, Inc., 10% due 3/15/2013 (e) 376,650
2,205,966 UGS Capital Corp. II, 10.348% due 6/01/2011 (e)(g) 2,266,630
2,225,000 UGS Corp., 10% due 6/01/2012 2,423,864
2,465,000 Viasystems, Inc., 10.50% due 1/15/2011 2,514,300
--------------
35,638,769
-----------------------------------------------------------------------------------------------------------------------------------
Leisure - 1.2% 2,425,000 FelCor Lodging LP, 8.50% due 6/01/2011 2,588,687
3,180,000 Great Canadian Gaming Corp., 7.25% due 2/15/2015 (e) 3,219,750
135,000 Travelport, Inc., 9.875% due 9/01/2014 (e) 145,463
530,000 Travelport, Inc., 9.985% due 9/01/2014 (b)(e) 549,875
--------------
6,503,775
-----------------------------------------------------------------------------------------------------------------------------------
Manufacturing - 4.6% 2,050,000 AGY Holding Corp., 11% due 11/15/2014 (e) 2,149,937
610,000 Belden CDT, Inc., 7% due 3/15/2017 (e) 624,556
3,500,000 CPI Holdco, Inc., 11.151% due 2/01/2015 (b) 3,613,750
1,900,000 Coleman Cable, Inc., 9.875% due 10/01/2012 (e) 1,992,625
2,670,000 Jarden Corp., 7.50% due 5/01/2017 2,723,400
2,005,000 NXP B.V., 8.106% due 10/15/2013 2,065,150
3,720,000 NXP B.V., 9.50% due 10/15/2015 3,850,200
740,000 RBS Global, Inc., 9.50% due 8/01/2014 795,500
1,585,000 RBS Global, Inc., 11.75% due 8/01/2016 1,787,088
885,000 RBS Global, Inc., 8.875% due 9/01/2016 (e) 922,613
825,000 Sensata Technologies BV, 8% due 5/01/2014 833,250
3,035,000 Trimas Corp., 9.875% due 6/15/2012 3,175,369
--------------
24,533,438
-----------------------------------------------------------------------------------------------------------------------------------
Metal - Other - 3.8% 850,000 FMG Finance Pty. Ltd., 10% due 9/01/2013 (e) 954,125
1,230,000 FMG Finance Pty. Ltd., 10.625% due 9/01/2016 (e) 1,477,537
3,250,000 Foundation PA Coal Co., 7.25% due 8/01/2014 3,290,625
1,820,000 Freeport-McMoRan Copper & Gold, Inc., 8.564% due
4/01/2015 (b) 1,917,825
5,250,000 Freeport-McMoRan Copper & Gold, Inc., 8.375% due 4/01/2017 5,735,625
3,475,000 Indalex Holding Corp. Series B, 11.50% due 2/01/2014 3,687,844
3,175,000 Novelis, Inc., 7.25% due 2/15/2015 3,349,625
--------------
20,413,206
-----------------------------------------------------------------------------------------------------------------------------------
Packaging - 3.8% 2,335,000 Berry Plastics Holding Corp., 8.875% due 9/15/2014 2,393,375
3,015,000 Berry Plastics Holding Corp., 9.235% due 9/15/2014 (b) 3,086,606
3,475,000 Graham Packing Co., Inc., 9.875% due 10/15/2014 3,579,250
670,000 Impress Holdings B.V., 8.481% due 9/15/2013 (b)(e) 685,075
BlackRock Corporate High Yield Fund VI, Inc.
Schedule of Investments as of May 31, 2007 (in U.S. dollars)
Face
Industry Amount Corporate Bonds Value
-----------------------------------------------------------------------------------------------------------------------------------
$ 4,175,000 Owens-Brockway Glass Container, Inc., 8.875% due 2/15/2009 $ 4,268,938
1,575,000 Owens-Brockway Glass Container, Inc., 8.25% due 5/15/2013 1,661,625
2,165,000 Packaging Dynamics Finance Corp., 10% due 5/01/2016 (e) 2,186,650
1,920,000 Pregis Corp., 12.375% due 10/15/2013 (e) 2,169,600
--------------
20,031,119
-----------------------------------------------------------------------------------------------------------------------------------
Paper - 7.5% 3,200,000 Abitibi-Consolidated, Inc., 8.86% due 6/15/2011 (b) 3,016,000
1,195,000 Abitibi-Consolidated, Inc., 6% due 6/20/2013 991,850
310,000 Abitibi-Consolidated, Inc., 8.85% due 8/01/2030 263,112
1,575,000 Ainsworth Lumber Co. Ltd., 9.10% due 10/01/2010 (b) 1,291,500
3,175,000 Boise Cascade LLC, 8.231% due 10/15/2012 (b) 3,175,000
1,890,000 Bowater Canada Finance Corp., 7.95% due 11/15/2011 1,821,487
4,475,000 Bowater, Inc., 8.36% due 3/15/2010 (b) 4,480,594
5,075,000 Domtar, Inc., 7.125% due 8/15/2015 5,106,719
1,675,000 Graphic Packaging International Corp., 8.50% due 8/15/2011 1,744,094
1,000,000 Graphic Packaging International Corp., 9.50% due 8/15/2013 1,063,750
2,400,000 NewPage Corp., 11.606% due 5/01/2012 (b) 2,667,000
2,830,000 NewPage Corp., 12% due 5/01/2013 3,141,300
1,415,000 Norske Skog Canada Ltd. Series D, 8.625% due 6/15/2011 1,418,537
3,175,000 Rock-Tenn Co., 8.20% due 8/15/2011 3,365,500
384,000 Smurfit Kappa Funding Plc, 9.625% due 10/01/2012 405,120
3,770,000 Smurfit-Stone Container Enterprises, Inc., 8% due 3/15/2017 (e) 3,798,275
1,525,000 Verso Paper Holdings LLC, 9.125% due 8/01/2014 (e) 1,616,500
310,000 Verso Paper Holdings LLC, 11.375% due 8/01/2016 (e) 331,700
--------------
39,698,038
-----------------------------------------------------------------------------------------------------------------------------------
Retail - 4.9% 490,000 Beverages & More, Inc., 9.25% due 3/01/2012 (e) 501,025
1,560,000 Buffets, Inc., 12.50% due 11/01/2014 1,591,200
540,000 Burlington Coat Factory Warehouse Corp.,
11.125% due 4/15/2014 561,600
740,000 Claire's Stores, Inc., 9.25% due 6/01/2015 (e) 733,525
740,000 Claire's Stores, Inc., 10.50% due 6/01/2017 (e) 724,275
2,800,000 General Nutrition Centers, Inc., 9.85% due 3/15/2014 (e)(g) 2,756,292
2,260,000 General Nutrition Centers, Inc., 10.75% due 3/15/2015 (e) 2,209,171
2,650,000 Michaels Stores, Inc., 10% due 11/01/2014 (e) 2,862,000
3,350,000 Michaels Stores, Inc., 11.375% due 11/01/2016 (e) 3,701,750
1,875,000 Neiman Marcus Group, Inc., 9% due 10/15/2015 (g) 2,057,812
1,575,000 Neiman Marcus Group, Inc., 10.375% due 10/15/2015 1,771,875
2,280,000 Rite Aid Corp., 9.375% due 12/15/2015 (e) 2,291,400
3,980,000 Rite Aid Corp., 7.50% due 3/01/2017 3,970,050
--------------
25,731,975
-----------------------------------------------------------------------------------------------------------------------------------
Service - 8.0% 3,175,000 Ashtead Capital, Inc., 9% due 8/15/2016 (e) 3,436,937
950,000 Avis Budget Car Rental LLC, 7.625% due 5/15/2014 985,625
4,450,000 Avis Budget Car Rental LLC, 7.86% due 5/15/2014 (b) 4,605,750
660,000 Clarke American Corp., 9.50% due 5/15/2015 (e) 673,200
550,000 Clarke American Corp., 10.105% due 5/15/2015 (b)(e) 552,750
4,775,000 Corrections Corp. of America, 7.50% due 5/01/2011 4,894,375
1,000,000 DI Finance Series B, 9.50% due 2/15/2013 1,072,500
2,825,000 Dycom Industries, Inc., 8.125% due 10/15/2015 2,973,312
2,350,000 Mac-Gray Corp., 7.625% due 8/15/2015 2,385,250
BlackRock Corporate High Yield Fund VI, Inc.
Schedule of Investments as of May 31, 2007 (in U.S. dollars)
Face
Industry Amount Corporate Bonds Value
-----------------------------------------------------------------------------------------------------------------------------------
$ 2,190,000 PNA Intermediate Holding Corp., 12.36% due 2/15/2013 (b)(e) $ 2,233,800
850,000 Sally Holdings LLC, 9.25% due 11/15/2014 (e) 881,875
2,840,000 Sally Holdings LLC, 10.50% due 11/15/2016 (e) 2,942,950
4,775,000 Service Corp. International, 7% due 6/15/2017 4,745,156
2,000,000 United Rentals North America, Inc., 7.75% due 11/15/2013 2,075,000
4,775,000 Waste Services, Inc., 9.50% due 4/15/2014 5,043,594
200,000 Yankee Acquisition Corp., 8.50% due 2/15/2015 204,500
2,665,000 Yankee Acquisition Corp., 9.75% due 2/15/2017 2,724,963
--------------
42,431,537
-----------------------------------------------------------------------------------------------------------------------------------
Steel - 0.7% 3,175,000 Chaparral Steel Co., 10% due 7/15/2013 3,540,125
402,000 UCAR Finance, Inc., 10.25% due 2/15/2012 424,110
--------------
3,964,235
-----------------------------------------------------------------------------------------------------------------------------------
Telecommunications - 4.3% 3,175,000 Inmarsat Finance Plc, 7.625% due 6/30/2012 3,317,875
4,900,000 LCI International, Inc., 7.25% due 6/15/2007 4,900,000
1,100,000 MetroPCS Wireless, Inc., 9.25% due 11/01/2014 (e) 1,164,625
3,800,000 Nordic Telephone Co. Holdings ApS, 8.875% due 5/01/2016 (e) 4,118,250
650,000 Qwest Communications International, Inc., 7.50% due 2/15/2014 671,125
2,300,000 Qwest Corp., 8.61% due 6/15/2013 (b) 2,518,500
875,000 Qwest Corp., 7.625% due 6/15/2015 927,500
4,800,000 Windstream Corp., 8.125% due 8/01/2013 5,160,000
--------------
22,777,875
-----------------------------------------------------------------------------------------------------------------------------------
Transportation - 2.1% 590,000 Britannia Bulk Plc, 11% due 12/01/2011 598,850
2,400,000 Navios Maritime Holdings, Inc., 9.50% due 12/15/2014 (e) 2,547,000
2,225,000 OMI Corp., 7.625% due 12/01/2013 2,291,750
3,560,000 St. Acquisition Corp., 12.50% due 5/15/2017 (e) 3,515,500
2,250,000 Teekay Shipping Corp., 8.875% due 7/15/2011 2,401,875
--------------
11,354,975
-----------------------------------------------------------------------------------------------------------------------------------
Utility - 6.9% 100,000 The AES Corp., 8.75% due 5/15/2013 (e) 106,125
2,124,000 CenterPoint Energy, Inc. Series B, 3.75% due 5/15/2023 (a) 3,586,905
3,975,000 ESI Tractebel Acquisition Corp. Series B, 7.99% due 12/30/2011 4,038,326
2,975,000 Edison Mission Energy, 7.50% due 6/15/2013 3,056,812
2,110,000 El Paso Performance-Linked Trust, 7.75% due 7/15/2011 (e) 2,231,325
4,125,000 Mirant North America LLC, 7.375% due 12/31/2013 4,362,187
2,550,000 NRG Energy, Inc., 7.25% due 2/01/2014 2,620,125
2,350,000 NRG Energy, Inc., 7.375% due 2/01/2016 2,438,125
660,000 NSG Holdings LLC, 7.75% due 12/15/2025 (e) 694,650
2,400,000 Nevada Power Co. Series A, 8.25% due 6/01/2011 2,602,366
6,050,000 Reliant Energy, Inc., 9.50% due 7/15/2013 6,556,688
775,000 Sierra Pacific Resources, 8.625% due 3/15/2014 832,631
3,236,586 Tenaska Alabama Partners LP, 7% due 6/30/2021 (e) 3,387,200
--------------
36,513,465
-----------------------------------------------------------------------------------------------------------------------------------
Wireless Communications - 6.0% 2,675,000 Centennial Cellular Operating Co. LLC, 10.125% due 6/15/2013 2,892,344
2,170,000 Centennial Communications Corp., 11.099% due 1/01/2013 (b) 2,281,212
2,145,000 Cricket Communications, Inc., 9.375% due 11/01/2014 2,273,700
1,340,000 Digicel Group Ltd., 8.875% due 1/15/2015 (e) 1,328,275
3,300,000 Digicel Group Ltd., 9.125% due 1/15/2015 (e)(g) 3,242,250
1,900,000 Dobson Communications Corp., 9.606% due 10/15/2012 (b) 1,957,000
990,000 iPCS, Inc., 7.48% due 5/01/2013 (b)(e) 992,475
5,510,000 MetroPCS Wireless, Inc., 9.25% due 11/01/2014 (e) 5,840,600
BlackRock Corporate High Yield Fund VI, Inc.
Schedule of Investments as of May 31, 2007 (in U.S. dollars)
Face
Industry Amount Corporate Bonds Value
-----------------------------------------------------------------------------------------------------------------------------------
$ 320,000 Orascom Telecom Finance SCA, 7.875% due 2/08/2014 $ 315,072
555,000 Orascom Telecom Finance SCA, 7.875% due 2/08/2014 (e) 543,206
4,075,000 Rural Cellular Corp., 8.25% due 3/15/2012 4,288,938
1,200,000 West Corp., 9.50% due 10/15/2014 1,263,000
4,470,000 West Corp., 11% due 10/15/2016 4,838,775
--------------
32,056,847
-----------------------------------------------------------------------------------------------------------------------------------
Total Corporate Bonds (Cost - $664,701,405) - 129.3% 684,304,377
-----------------------------------------------------------------------------------------------------------------------------------
Floating Rate Loan Interests (k)
-----------------------------------------------------------------------------------------------------------------------------------
Chemicals - 0.9% 4,870,000 Wellman, Inc. Second Lien Term Loan, 12.106% due 2/10/2010 4,473,441
-----------------------------------------------------------------------------------------------------------------------------------
Consumer - Non-Durables - 0.2% 39,871 Spectrum Brands Letter of Credit, 5.17% due 4/15/2013 40,286
806,592 Spectrum Brands Term Loan B-1, 9.32% due 4/15/2013 814,995
143,536 Spectrum Brands Term Loan B-2, 9.32% due 4/15/2013 143,895
--------------
999,176
-----------------------------------------------------------------------------------------------------------------------------------
Diversified Media - 0.1% 650,000 Affinion Group Term Loan, 11.66% due 3/01/2012 650,000
-----------------------------------------------------------------------------------------------------------------------------------
Energy - Exploration & 1,000,000 Sandridge Energy Term Loan, 8.975% due 3/01/2014 1,030,000
Production - 0.4% 1,100,000 Sandridge Energy Term Loan, 8.625% due 3/01/2015 1,133,000
--------------
2,163,000
-----------------------------------------------------------------------------------------------------------------------------------
Health Care - 0.4% 2,290,000 Rotech Healthcare, Inc. Term Loan B, 11.36% due 9/26/2011 2,290,000
-----------------------------------------------------------------------------------------------------------------------------------
Leisure - 1.1% 6,030,000 Travelport, Inc. Term Loan, 12.35% due 3/22/2012 6,037,538
-----------------------------------------------------------------------------------------------------------------------------------
Manufacturing - 0.1% 560,000 Rexnord Corp. Payment In Kind Term Loan,
12.36% due 3/02/2013 545,300
-----------------------------------------------------------------------------------------------------------------------------------
Packaging - 0.3% 1,350,000 Berry Plastics, 11.61% due 6/15/2014 1,312,875
-----------------------------------------------------------------------------------------------------------------------------------
Total Floating Rate Loan Interests
(Cost - $18,491,411) - 3.5% 18,471,330
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
Shares
Held Common Stocks
-----------------------------------------------------------------------------------------------------------------------------------
Cable - U.S. - 1.2% 134,207 Loral Space & Communications Ltd. (d) 6,294,308
-----------------------------------------------------------------------------------------------------------------------------------
Information Technology - 0.6% 154,040 Cypress Semiconductor Corp. (d) 3,307,239
-----------------------------------------------------------------------------------------------------------------------------------
Manufacturing - 0.3% 116,910 Medis Technologies Ltd. (d) 1,708,055
-----------------------------------------------------------------------------------------------------------------------------------
Paper - 0.1% 78,039 Western Forest Products, Inc. Restricted Shares (d) 164,162
-----------------------------------------------------------------------------------------------------------------------------------
Total Common Stocks (Cost - $9,795,921) - 2.2% 11,473,764
-----------------------------------------------------------------------------------------------------------------------------------
Preferred Securities
-----------------------------------------------------------------------------------------------------------------------------------
Preferred Stocks
-----------------------------------------------------------------------------------------------------------------------------------
Cable - U.S. - 0.4% 10,355 Loral Spacecom Corp. Series A, 12% (g) 2,135,719
-----------------------------------------------------------------------------------------------------------------------------------
Energy - Exploration & 67 EXCO Resources, Inc., 7% (a) 670,000
Production - 0.7% 279 EXCO Resources, Inc., 11% 2,790,000
--------------
3,460,000
-----------------------------------------------------------------------------------------------------------------------------------
Total Preferred Securities (Cost - $5,507,118) - 1.1% 5,595,719
-----------------------------------------------------------------------------------------------------------------------------------
Warrants (i)
-----------------------------------------------------------------------------------------------------------------------------------
Health Care - 0.0% 54,577 HealthSouth Corp. (expires 1/16/2014) 43,662
-----------------------------------------------------------------------------------------------------------------------------------
Total Warrants - (Cost - $0) - 0.0% 43,662
-----------------------------------------------------------------------------------------------------------------------------------
BlackRock Corporate High Yield Fund VI, Inc.
Schedule of Investments as of May 31, 2007 (in U.S. dollars)
Beneficial
Interest Other Interests (f) Value
-----------------------------------------------------------------------------------------------------------------------------------
Cable - U.S. - 0.0% $ 1,300,000 Adelphia Escrow $ 130
1,630,376 Adelphia Recovery Trust 5,201
-----------------------------------------------------------------------------------------------------------------------------------
Total Other Interests (Cost - $5,330) - 0.0% 5,331
-----------------------------------------------------------------------------------------------------------------------------------
Short-Term Securities
-----------------------------------------------------------------------------------------------------------------------------------
499,906 BlackRock Liquidity Series, LLC Cash Sweep Series, 5.26% (c)(j) 499,906
-----------------------------------------------------------------------------------------------------------------------------------
Total Short-Term Securities (Cost - $499,906) - 0.1% 499,906
-----------------------------------------------------------------------------------------------------------------------------------
Total Investments (Cost - $699,001,091*) - 136.2% 720,394,089
Liabilities in Excess of Other Assets - (36.2%) (191,152,233)
--------------
Net Assets - 100.0% $ 529,241,856
==============
* The cost and unrealized appreciation (depreciation) of investments as of
May 31, 2007, as computed for federal income tax purposes, were as
follows:
Aggregate cost $ 699,735,946
=============
Gross unrealized appreciation $ 25,900,111
Gross unrealized depreciation (5,241,968)
-------------
Net unrealized appreciation $ 20,658,143
=============
(a) Convertible security.
(b) Floating rate security.
(c) Investments in companies considered to be an affiliate of the Fund, for
purposes of Section 2(a)(3) of the Investment Company Act of 1940, were as
follows:
--------------------------------------------------------------------------
Affiliate Net Activity Interest Income
--------------------------------------------------------------------------
BlackRock Liquidity Series, LLC
Cash Sweep Series $ 432,465 $ 924,423
--------------------------------------------------------------------------
(d) Non-income producing security.
(e) The security may be offered and sold to "qualified institutional buyers"
under Rule 144A of the Securities Act of 1933.
(f) Other interests represent beneficial interest in liquidation trusts and
other reorganization entities and are non-income producing.
(g) Represents a pay-in-kind security which may pay interest/dividends in
additional face/shares.
(h) Represents a step bond; the interest rate shown reflects the effective
yield at the time of purchase.
(i) 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.
(j) Represents the current yield as of May 31, 2007.
(k) Floating rate loan interests in which the Fund invests generally pay
interest at rates that are periodically determined by reference to a base
lending rate plus a premium. The base lending rates are generally (i) the
lending rate offered by one or more major European banks, such as LIBOR
(London InterBank Offered Rate), (ii) the prime rate offered by one or
more major U.S. banks or (iii) the certificate of deposit rate.
o 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 ratings group indexes, and/or as
defined by Fund management. This definition may not apply for purposes of
this report which may combine industry sub-classifications for reporting
ease. Industries are shown as a percent of net assets.
BlackRock Corporate High Yield Fund VI, Inc.
Schedule of Investments as of May 31, 2007 (in U.S. dollars)
o Swaps outstanding as of May 31, 2007 were as follows:
----------------------------------------------------------------------------------------------------
Notional Unrealized
Amount Appreciation
----------------------------------------------------------------------------------------------------
Sold credit default protection on General Motors Corp. and
receive 4.40%
Broker, Morgan Stanley Capital Services, Inc.
Expires June 2007 $ 625,000 $ 1,438
Sold credit default protection on General Motors Corp. and
receive 8%
Broker, Morgan Stanley Capital Services, Inc.
Expires June 2007 $ 625,000 2,734
Sold credit default protection on Ford Motor Co. and
receive 3.80%
Broker, JPMorgan Chase
Expires March 2010 $ 5,000,000 44,505
Sold credit default protection on Ford Motor Co. and
receive 3.80%
Broker, UBS Warburg
Expires March 2010 $ 1,590,000 14,152
Sold credit default protection on Ford Motor Co. and
receive 5%
Broker, Goldman Sachs
Expires June 2010 $ 6,330,000 231,678
Sold credit default protection on Primedia, Inc. and
receive 2.45%
Broker, Lehman Brothers Special Finance
Expires March 2012 $ 1,500,000 60,522
----------------------------------------------------------------------------------------------------
Total $ 355,029
============
Item 2 - Controls and Procedures
2(a) - The registrant's certifying officers have reasonably designed such
disclosure controls and procedures to ensure material information
relating to the registrant is made known to us by others particularly
during the period in which this report is being prepared. The
registrant's certifying officers have determined that the registrant's
disclosure controls and procedures are effective based on our
evaluation of these controls and procedures as of a date within 90 days
prior to the filing date of this report.
2(b) - There were no changes in the registrant's internal control over
financial reporting (as defined in Rule 30a-3(d) under the Act (17 CFR
270.30a-3(d)) that occurred during the last fiscal quarter of the
period covered by this report that has materially affected, or is
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/ Robert C. Doll, Jr.
--------------------------------------------
Robert C. Doll, Jr.
Chief Executive Officer
BlackRock Corporate High Yield Fund VI, Inc.
Date: July 24, 2007
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/ Robert C. Doll, Jr.
--------------------------------------------
Robert C. Doll, Jr.
Chief Executive Officer
BlackRock Corporate High Yield Fund VI, Inc.
Date: July 24, 2007
By: /s/ Donald C. Burke
--------------------------------------------
Donald C. Burke
Chief Financial Officer
BlackRock Corporate High Yield Fund VI, Inc.
Date: July 24, 2007