BlackRock Corporate High Yield Fund, Inc. (HYT)

Industry: Asset Management Model: Peers Multiples Valuation

Valuation Snapshot

Ticker	Rank	Name	Rev TTM (M)	Trailing P/E	Forward P/E	Trailing EV/EBITDA	Forward EV/EBITDA	Trailing EV/EBIT	Forward EV/EBIT
IFN	397	The India Fund, In	152	4.02	4.54	3.81	4.26	-	1.66
CLIG.L	398	City of London Inv	151	5.52	4.52	3.04	2.48	3.60	3.41
VICO.JK	399	PT Victoria Invest	151	6.13	2.96	0.70	0.68	1.65	0.82
ADX	400	Adams Diversified	150	2.68	2.26	4.31	4.31	61.72	62.04
EVLI.HE	401	Evli Oyj	149	15.36	13.34	8.66	7.48	6.73	8.13
THQ	402	Abrdn Healthcare O	149	7.12	7.12	7.25	7.25	-	11.19
QBTC.TO	403	The Bitcoin Fund	148	1.15	1.15	1.15	1.15	1.83	1.15
HYT	404	BlackRock Corporat	148	11.18	10.45	-	-	13.67	12.99
M3BK.DE	405	Pyramid AG	147	-	-	4.81	4.81	-	2.92
CET	406	Central Securities	147	2.73	2.73	2.73	2.73	3.32	2.73
DHIL	407	Diamond Hill Inves	146	8.12	7.77	6.61	6.57	5.11	6.72
MN	408	Manning & Napier,	145	15.28	12.96	8.38	7.77	12.66	12.14
MISH.TA	409	Mivtach Shamir Hol	144	83.16	90.10	13.33	8.66	16.17	10.53
SII	410	Sprott Inc.	144	30.63	25.93	20.22	17.34	37.98	23.70
CGT.L	411	Capital Gearing Tr	143	8.47	4.74	12.57	12.57	7.29	4.76
WTL.AX	412	WT Financial Group	141	5.73	5.04	3.79	3.43	-	-

Line Item	Trailing P/E	Forward P/E	Trailing EV/EBITDA	Forward EV/EBITDA	Trailing EV/EBIT	Forward EV/EBIT
Winsorized Median Multiple	5.93	4.64	4.31	4.31	5.11	4.08
Full Range Median Multiple	6.62	4.89	4.81	4.81	6.73	5.74
Industry Multiple	14.01	13.23	6.76	6.10	14.37	10.85
Market Implied Multiple	10.13	9.47	-	-	12.67	12.05
Company (HYT) Multiple	11.18	10.45	-	-	13.67	12.99
(*) Net Income / EBITDA / Revenue	127	136	-	-	134	141
Winsorized Enterprise Value	N/A	N/A	-	-	684	574
Full Range Median Enterprise Value	N/A	N/A	-	-	900	808
(-) Net Debt	408	408	408	408	408	408
Winsorized Equity Value	753	631	-408	-408	276	167
Full Range Median Equity Value	842	665	-408	-408	493	400
(/) Shares Outstanding	145	145	145	145	145	145
Winsorized Fair Value	$5.20	$4.36	$-2.82	$-2.82	$1.91	$1.15
Full Range Median Fair Value	$5.81	$4.59	$-2.82	$-2.82	$3.40	$2.76
Current Price	$8.89	$8.89	$8.89	$8.89	$8.89	$8.89
Upside / Downside	-41.47%	-51.01%	-131.68%	-131.68%	-78.56%	-87.05%
Safety Margin	30.0%	30.0%	30.0%	30.0%	30.0%	30.0%
Buy Price	$3.64	$3.05	$-1.97	$-1.97	$1.33	$0.81
Buy / Don't Buy	Don’t Buy	Don’t Buy	Don’t Buy	Don’t Buy	Don’t Buy	Don’t Buy