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: Donald C. Burke, 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: (800) 882-0052, Option 4
Date of fiscal year end: 08/31/2008
Date of reporting period: 09/01/2008 - 11/30/2008
Item 1 - Schedule of Investments
BlackRock Corporate High Yield Fund VI, Inc.
Schedule of Investments November 30, 2008 (Unaudited)
(Percentages shown are based on Net Assets)
Par
Industry Corporate Bonds (000) Value
------------------------------------------------------------------------------------------------------------------------------------
Aerospace & Defense - 1.7% DRS Technologies, Inc., 6.875%, 11/01/13 USD 2,325 $ 2,307,562
L-3 Communications Holdings, Inc., 3%, 8/01/35 (a) 2,020 1,865,975
-------------
4,173,537
------------------------------------------------------------------------------------------------------------------------------------
Airlines - 0.9% Continental Airlines, Inc. Series 1997-4-B, 6.90%, 7/02/18 2,495 1,871,426
Continental Airlines, Inc. Series 2001-1-C, 7.033%, 12/15/12 487 331,150
-------------
2,202,576
------------------------------------------------------------------------------------------------------------------------------------
Auto Components - 2.0% Allison Transmission, Inc., 11%, 11/01/15 (b) 1,235 605,150
Allison Transmission, Inc., 11.25%, 11/01/15 (b)(c) 1,845 747,225
The Goodyear Tire & Rubber Co., 7.857%, 8/15/11 2,295 1,675,350
The Goodyear Tire & Rubber Co., 8.625%, 12/01/11 2,325 1,735,031
Lear Corp., 8.75%, 12/01/16 1,420 305,300
-------------
5,068,056
------------------------------------------------------------------------------------------------------------------------------------
Automobiles - 0.3% Ford Capital BV, 9.50%, 6/01/10 1,192 429,120
Ford Motor Co., 8.90%, 1/15/32 1,100 253,000
-------------
682,120
------------------------------------------------------------------------------------------------------------------------------------
Building Products - 1.0% Momentive Performance Materials, Inc., 11.50%, 12/01/16 2,595 687,675
Ply Gem Industries, Inc., 11.75%, 6/15/13 3,110 1,842,675
-------------
2,530,350
------------------------------------------------------------------------------------------------------------------------------------
Capital Markets - 0.7% E*Trade Financial Corp., 12.50%, 11/30/17 (b) 2,550 1,670,250
------------------------------------------------------------------------------------------------------------------------------------
Chemicals - 2.4% American Pacific Corp., 9%, 2/01/15 1,400 1,218,000
Hexion U.S. Finance Corp., 6.649%, 11/15/14 (d) 1,500 735,000
Hexion U.S. Finance Corp., 9.75%, 11/15/14 350 182,000
Innophos, Inc., 8.875%, 8/15/14 1,250 1,062,500
Key Plastics LLC, 11.75%, 3/15/13 (b)(e)(f) 720 36,000
MacDermid, Inc., 9.50%, 4/15/17 (b) 2,680 1,447,200
Nalco Finance Holdings, Inc., 10.078%, 2/01/14 (g) 1,168 922,720
Terra Capital, Inc. Series B, 7%, 2/01/17 450 325,125
-------------
5,928,545
------------------------------------------------------------------------------------------------------------------------------------
Commercial Services & Corrections Corp. of America, 7.50%, 5/01/11 4,775 4,536,250
Supplies - 5.1% DI Finance Series B, 9.50%, 2/15/13 451 383,350
Sally Holdings LLC, 9.25%, 11/15/14 350 264,250
Sally Holdings LLC, 10.50%, 11/15/16 961 557,380
US Investigations Services, Inc., 10.50%, 11/01/15 (b) 1,100 803,000
Waste Services, Inc., 9.50%, 4/15/14 4,775 3,629,000
West Corp., 9.50%, 10/15/14 1,200 636,000
West Corp., 11%, 10/15/16 4,470 1,922,100
-------------
12,731,330
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Communications Equipment - 0.3% Nortel Networks Ltd., 9.003%, 7/15/11 (d) 1,885 612,625
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Construction & Engineering - 0.8% Dycom Industries, Inc., 8.125%, 10/15/15 2,825 1,935,125
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Construction Materials - 2.0% Nortek, Inc., 10%, 12/01/13 5,520 3,864,000
Texas Industries, Inc., 7.25%, 7/15/13 1,285 976,600
-------------
4,840,600
------------------------------------------------------------------------------------------------------------------------------------
Containers & Packaging - 5.6% Berry Plastics Holding Corp., 5.871%, 9/15/14 (d) 2,740 1,287,800
BlackRock Corporate High Yield Fund VI, Inc.
Schedule of Investments November 30, 2008 (Unaudited)
(Percentages shown are based on Net Assets)
Par
Industry Corporate Bonds (000) Value
------------------------------------------------------------------------------------------------------------------------------------
Crown European Holdings SA, 6.25%, 9/01/11 EUR 2,025 $ 2,238,308
Graphic Packaging International Corp., 8.50%, 8/15/11 USD 1,975 1,619,500
Graphic Packaging International Corp., 9.50%, 8/15/13 1,000 690,000
Impress Holdings BV, 7.878%, 9/15/13 (b)(d) 670 403,675
Owens-Brockway Glass Container, Inc., 8.25%, 5/15/13 USD 1,575 1,480,500
Owens Brockway Glass Container, Inc., 6.75%, 12/01/14 EUR 295 284,847
Packaging Dynamics Finance Corp., 10%, 5/01/16 (b) USD 2,165 995,900
Pregis Corp., 12.375%, 10/15/13 1,920 1,056,000
Rock-Tenn Co., 8.20%, 8/15/11 3,175 2,921,000
Smurfit-Stone Container Enterprises, Inc., 8%, 3/15/17 3,770 999,050
-------------
13,976,580
------------------------------------------------------------------------------------------------------------------------------------
Diversified Consumer Service Corp. International, 7%, 6/15/17 4,775 3,438,000
Services - 1.4%
------------------------------------------------------------------------------------------------------------------------------------
Diversified Financial Axcan Intermediate Holdings, Inc.,
Services - 3.5% 12.75%, 3/01/16 (b) 820 680,600
FCE Bank Plc, 7.125%, 1/16/12 EUR 4,000 2,795,106
FCE Bank Plc Series JD, 6.142%, 9/30/09 (d) 425 394,173
Ford Motor Credit Co. LLC, 7.569%, 1/13/12 (d) USD 340 149,600
Ford Motor Credit Co. LLC, 7.80%, 6/01/12 300 129,393
GMAC LLC, 7.25%, 3/02/11 950 387,951
GMAC LLC, 4.403%, 12/01/14 (d) 2,500 750,000
GMAC LLC, 6.75%, 12/01/14 4,021 1,306,531
GMAC LLC, 8%, 11/01/31 1,130 297,181
Leucadia National Corp., 8.125%, 9/15/15 2,100 1,821,750
-------------
8,712,285
------------------------------------------------------------------------------------------------------------------------------------
Diversified Telecommunication Broadview Networks Holdings, Inc., 11.375%, 9/01/12 1,680 1,192,800
Services - 5.6% Cincinnati Bell, Inc., 7.25%, 7/15/13 415 340,300
Qwest Communications International, Inc., 7.50%, 2/15/14 3,190 2,073,500
Qwest Communications International, Inc.,
Series B, 7.50%, 2/15/14 2,820 1,833,000
Qwest Corp., 5.246%, 6/15/13 (d) 2,300 1,610,000
Qwest Corp., 7.625%, 6/15/15 875 660,625
Verizon Communications, Inc., 8.75%, 11/01/18 2,210 2,210,566
Windstream Corp., 8.125%, 8/01/13 4,800 3,960,000
-------------
13,880,791
------------------------------------------------------------------------------------------------------------------------------------
Electric Utilities - 3.4% Edison Mission Energy, 7.50%, 6/15/13 2,975 2,424,625
NSG Holdings LLC, 7.75%, 12/15/25 (b) 1,630 1,271,400
Nevada Power Co. Series A, 8.25%, 6/01/11 2,400 2,407,272
Tenaska Alabama Partners LP, 7%, 6/30/21 (b) 3,050 2,328,256
-------------
8,431,553
------------------------------------------------------------------------------------------------------------------------------------
Electrical Equipment - 0.4% Coleman Cable, Inc., 9.875%, 10/01/12 1,625 1,048,125
UCAR Finance, Inc., 10.25%, 2/15/12 32 29,280
-------------
1,077,405
------------------------------------------------------------------------------------------------------------------------------------
BlackRock Corporate High Yield Fund VI, Inc.
Schedule of Investments November 30, 2008 (Unaudited)
(Percentages shown are based on Net Assets)
Par
Industry Corporate Bonds (000) Value
------------------------------------------------------------------------------------------------------------------------------------
Electronic Equipment & Sanmina-SCI Corp., 6.75%, 3/01/13 USD 175 $ 87,500
Instruments - 0.3% Sanmina-SCI Corp., 8.125%, 3/01/16 1,655 744,750
-------------
832,250
------------------------------------------------------------------------------------------------------------------------------------
Energy Equipment & Compagnie Generale de Geophysique-Veritas, 7.50%, 5/15/15 335 217,750
Services - 0.6% Compagnie Generale de Geophysique-Veritas, 7.75%, 5/15/17 510 313,012
North American Energy Partners, Inc., 8.75%, 12/01/11 1,140 855,000
-------------
1,385,762
------------------------------------------------------------------------------------------------------------------------------------
Food & Staples Retailing - 0.6% AmeriQual Group LLC, 9.50%, 4/01/12 (b) 1,300 806,000
Rite Aid Corp., 7.50%, 3/01/17 1,120 638,400
-------------
1,444,400
------------------------------------------------------------------------------------------------------------------------------------
Food Products - 1.0% Del Monte Corp., 8.625%, 12/15/12 2,681 2,426,305
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Health Care Equipment & Biomet, Inc., 10.375%, 10/15/17 (c) 430 339,700
Supplies - 3.2% Biomet, Inc., 11.625%, 10/15/17 430 322,500
Catalent Pharma Solutions, Inc., 9.50%, 4/15/15 (c) 1,500 495,000
DJO Finance LLC, 10.875%, 11/15/14 8,140 5,942,200
Hologic, Inc., 2%, 12/15/37 (a)(h) 1,365 772,931
-------------
7,872,331
------------------------------------------------------------------------------------------------------------------------------------
Health Care Providers & Community Health Systems, Inc., 8.875%, 7/15/15 850 682,125
Services - 3.5% HCA, Inc., 9.25%, 11/15/16 340 276,250
Tenet Healthcare Corp., 6.375%, 12/01/11 550 418,000
Tenet Healthcare Corp., 6.50%, 6/01/12 6,910 5,044,300
Vanguard Health Holding Co. II, LLC, 9%, 10/01/14 2,900 2,320,000
-------------
8,740,675
------------------------------------------------------------------------------------------------------------------------------------
Hotels, Restaurants & American Real Estate Partners LP, 7.125%, 2/15/13 4,780 2,879,950
Leisure - 6.9% Caesars Entertainment, Inc., 7.875%, 3/15/10 2,200 1,144,000
Galaxy Entertainment Finance Co. Ltd., 7.323%, 12/15/10 (b)(d) 450 171,000
Galaxy Entertainment Finance Co. Ltd., 9.875%, 12/15/12 (b) 875 323,750
Gaylord Entertainment Co., 8%, 11/15/13 1,000 593,750
Great Canadian Gaming Corp., 7.25%, 2/15/15 (b) 3,180 2,194,200
Greektown Holdings, LLC, 10.75%, 12/01/13 (b)(e)(f) 893 183,065
Harrah's Operating Co., Inc., 10.75%, 2/01/18 (b)(c) 5,140 464,927
Inn of the Mountain Gods Resort & Casino, 12%, 11/15/10 2,575 849,750
Landry's Restaurants, Inc., 9.50%, 12/15/14 380 343,900
Little Traverse Bay Bands of Odawa Indians, 10.25%, 2/15/14 (b) 1,895 1,241,225
MGM Mirage, 6%, 10/01/09 600 486,000
Penn National Gaming, Inc., 6.875%, 12/01/11 3,150 2,835,000
San Pasqual Casino, 8%, 9/15/13 (b) 1,575 1,165,500
BlackRock Corporate High Yield Fund VI, Inc.
Schedule of Investments November 30, 2008 (Unaudited)
(Percentages shown are based on Net Assets)
Par
Industry Corporate Bonds (000) Value
------------------------------------------------------------------------------------------------------------------------------------
Shingle Springs Tribal Gaming Authority, 9.375%, 6/15/15 (b) USD 560 $ 252,000
Station Casinos, Inc., 7.75%, 8/15/16 2,220 677,100
Travelport LLC, 6.828%, 9/01/14 (d) 195 46,800
Tropicana Entertainment LLC, 9.625%, 12/15/14 (e)(f) 515 18,025
Virgin River Casino Corp., 9%, 1/15/12 1,500 450,000
Wynn Las Vegas LLC, 6.625%, 12/01/14 1,265 894,988
-------------
17,214,930
------------------------------------------------------------------------------------------------------------------------------------
Household Durables - 1.0% American Greetings Corp., 7.375%, 6/01/16 1,770 1,407,150
Jarden Corp., 7.50%, 5/01/17 1,595 1,036,750
-------------
2,443,900
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IT Services - 2.2% Alliance Data Systems Corp., 1.75%, 8/01/13 (a)(b) 610 431,575
First Data Corp., 9.875%, 9/24/15 1,545 888,375
SunGard Data Systems, Inc., 9.125%, 8/15/13 3,750 2,906,250
SunGard Data Systems, Inc., 10.625%, 5/15/15 (b) 1,700 1,309,000
-------------
5,535,200
------------------------------------------------------------------------------------------------------------------------------------
Independent Power Producers & The AES Corp., 8.75%, 5/15/13 (b) 51 44,880
Energy Traders - 3.0% Energy Future Holding Corp., 11.25%, 11/01/17 (b)(c) 5,575 2,968,688
NRG Energy, Inc., 7.25%, 2/01/14 2,550 2,078,250
NRG Energy, Inc., 7.375%, 2/01/16 2,000 1,625,000
Texas Competitive Electric Holdings Co. LLC, 10.50%,
11/01/16 (b)(c) 1,575 850,500
-------------
7,567,318
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Industrial Conglomerates - 1.6% Sequa Corp., 11.75%, 12/01/15 (b) 4,010 1,764,400
Sequa Corp., 13.50%, 12/01/15 (b)(c) 5,283 2,258,038
-------------
4,022,438
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Insurance - 0.9% Alliant Holdings I, Inc., 11%, 5/01/15 (b) 2,600 1,852,500
USI Holdings Corp., 6.024%, 11/15/14 (b)(d) 1,070 440,038
-------------
2,292,538
------------------------------------------------------------------------------------------------------------------------------------
Machinery - 0.8% AGY Holding Corp., 11%, 11/15/14 2,050 1,230,000
Accuride Corp., 8.50%, 2/01/15 865 311,400
RBS Global, Inc., 8.875%, 9/01/16 785 486,700
-------------
2,028,100
------------------------------------------------------------------------------------------------------------------------------------
Marine - 1.2% Horizon Lines, Inc., 4.25%, 8/15/12 (a) 960 490,800
Navios Maritime Holdings, Inc., 9.50%, 12/15/14 743 445,800
Teekay Shipping Corp., 8.875%, 7/15/11 2,250 1,929,375
-------------
2,865,975
------------------------------------------------------------------------------------------------------------------------------------
Media - 13.4% Affinion Group, Inc., 10.125%, 10/15/13 2,189 1,499,465
Allbritton Communications Co., 7.75%, 12/15/12 2,800 1,624,000
Barrington Broadcasting Group LLC, 10.50%, 8/15/14 1,850 716,875
CMP Susquehanna Corp., 9.875%, 5/15/14 3,175 563,562
CSC Holdings, Inc. Series B, 7.625%, 4/01/11 3,750 3,318,750
Cablevision Systems Corp. Series B, 8%, 4/15/12 775 635,500
Charter Communications Holdings II, LLC, 10.25%, 9/15/10 5,975 3,032,312
BlackRock Corporate High Yield Fund VI, Inc.
Schedule of Investments November 30, 2008 (Unaudited)
(Percentages shown are based on Net Assets)
Par
Industry Corporate Bonds (000) Value
------------------------------------------------------------------------------------------------------------------------------------
DirecTV Holdings LLC, 7.625%, 5/15/16 USD 2,300 $ 1,960,750
EchoStar DBS Corp., 7%, 10/01/13 150 112,500
Harland Clarke Holdings Corp., 6.899%, 5/15/15 (d) 550 225,500
Harland Clarke Holdings Corp., 9.50%, 5/15/15 660 290,400
Intelsat Corp., 9.25%, 6/15/16 (b) 810 676,350
Liberty Media Corp., 3.125%, 3/30/23 (a) 1,748 1,138,385
Local Insight Regatta Holdings, Inc., 11%, 12/01/17 1,117 524,990
Mediacom LLC, 9.50%, 1/15/13 3,900 3,198,000
Network Communications, Inc., 10.75%, 12/01/13 40 13,200
Nielsen Finance LLC, 10%, 8/01/14 5,785 4,165,200
R.H. Donnelley Corp., 11.75%, 5/15/15 (b) 161 42,665
Rainbow National Services LLC, 10.375%, 9/01/14 (b) 2,570 2,223,050
Salem Communications Corp., 7.75%, 12/15/10 4,075 2,526,500
TL Acquisitions, Inc., 10.50%, 1/15/15 (b) 7,315 3,950,100
Virgin Media, Inc., 6.50%, 11/15/16 (a)(b) 1,915 797,119
-------------
33,235,173
------------------------------------------------------------------------------------------------------------------------------------
Metals & Mining - 4.6% Aleris International, Inc., 9%, 12/15/14 (c) 1,625 97,500
Aleris International, Inc., 10%, 12/15/16 1,300 136,500
FMG Finance Property Ltd., 10%, 9/01/13 (b) 850 476,000
FMG Finance Property Ltd., 10.625%, 9/01/16 (b) 2,060 1,163,900
Foundation PA Coal Co., 7.25%, 8/01/14 3,250 2,461,875
Freeport-McMoRan Copper & Gold, Inc., 7.084%, 4/01/15 (d) 2,555 1,533,000
Freeport-McMoRan Copper & Gold, Inc., 8.375%, 4/01/17 1,650 1,171,500
Newmont Mining Corp., 1.625%, 7/15/17 (a) 930 803,288
Novelis, Inc., 7.25%, 2/15/15 3,175 1,841,500
Ryerson, Inc., 10.568%, 11/01/14 (b)(d) 640 422,400
Ryerson, Inc., 12%, 11/01/15 (b) 450 279,000
Steel Dynamics, Inc., 7.375%, 11/01/12 820 606,800
Vedanta Resources Plc, 9.50%, 7/18/18 (b) 1,015 517,650
-------------
11,510,913
------------------------------------------------------------------------------------------------------------------------------------
Multiline Retail - 0.1% Neiman Marcus Group, Inc., 9%, 10/15/15 (c) 645 274,125
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Oil, Gas & Consumable Atlas Energy Resources LLC, 10.75%, 2/01/18 (b) 2,005 1,263,150
Fuels - 8.1% Berry Petroleum Co., 8.25%, 11/01/16 800 504,000
Chaparral Energy, Inc., 8.50%, 12/01/15 1,070 395,900
Chesapeake Energy Corp., 7.25%, 12/15/18 3,860 2,702,000
Chesapeake Energy Corp., 2.25%, 12/15/38 (a) 1,250 593,750
Compton Petroleum Finance Corp., 7.625%, 12/01/13 2,555 1,047,550
Connacher Oil and Gas Ltd., 10.25%, 12/15/15 (b) 2,035 1,058,200
EXCO Resources, Inc., 7.25%, 1/15/11 4,450 3,426,500
Encore Acquisition Co., 6.25%, 4/15/14 3,150 2,173,500
Forest Oil Corp., 7.25%, 6/15/19 (b) 3,595 2,462,575
OPTI Canada, Inc., 8.25%, 12/15/14 2,710 1,056,900
PetroHawk Energy Corp., 7.875%, 6/01/15 (b) 975 687,375
Sabine Pass LNG LP, 7.50%, 11/30/16 610 420,900
BlackRock Corporate High Yield Fund VI, Inc.
Schedule of Investments November 30, 2008 (Unaudited)
(Percentages shown are based on Net Assets)
Par
Industry Corporate Bonds (000) Value
------------------------------------------------------------------------------------------------------------------------------------
SandRidge Energy, Inc., 7.508%, 4/01/14 (d) USD 1,000 $ 667,633
SandRidge Energy, Inc., 8.625%, 4/01/15 (c) 1,100 695,750
SandRidge Energy, Inc., 8%, 6/01/18 (b) 1,570 1,004,800
-------------
20,160,483
------------------------------------------------------------------------------------------------------------------------------------
Paper & Forest Products - 4.3% Abitibi-Consolidated, Inc., 5.496%, 6/15/11 (d) 1,400 210,000
Abitibi-Consolidated, Inc., 8.85%, 8/01/30 310 55,800
Ainsworth Lumber Co. Ltd., 11%, 7/29/15 (b) 1,628 1,090,661
Bowater, Inc., 4.996%, 3/15/10 (d) 4,475 1,476,750
Domtar Corp., 7.125%, 8/15/15 4,300 2,924,000
NewPage Corp., 10%, 5/01/12 4,385 2,367,900
Norske Skog Canada Ltd. Series D, 8.625%, 6/15/11 1,415 799,475
Verso Paper Holdings LLC Series B, 6.943%, 8/01/14 (d) 450 243,000
Verso Paper Holdings LLC Series B, 9.125%, 8/01/14 2,900 1,392,000
-------------
10,559,586
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Personal Products - 0.7% Chattem, Inc., 7%, 3/01/14 2,030 1,766,100
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Pharmaceuticals - 0.5% Angiotech Pharmaceuticals, Inc., 5.953%, 12/01/13 (d) 2,225 1,268,250
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Real Estate Investment FelCor Lodging LP, 8.50%, 6/01/11 480 332,400
Trusts (REITs) - 0.1%
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Real Estate Management & Forest City Enterprises, Inc., 7.625%, 6/01/15 4,750 2,375,000
Development - 1.4% Realogy Corp., 10.50%, 4/15/14 3,090 540,750
Realogy Corp., 12.375%, 4/15/15 3,492 558,720
-------------
3,474,470
------------------------------------------------------------------------------------------------------------------------------------
Semiconductors & Semiconductor Spansion, Inc., 5.328%, 6/01/13 (b)(d) 1,920 403,200
Equipment - 0.2%
------------------------------------------------------------------------------------------------------------------------------------
Software - 0.1% BMS Holdings, Inc., 10.595%, 2/15/12 (b)(c)(d) 621 236,076
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Specialty Retail - 2.8% Asbury Automotive Group, Inc., 7.625%, 3/15/17 560 224,000
AutoNation, Inc., 6.753%, 4/15/13 (d)(i) 1,545 981,075
AutoNation, Inc., 7%, 4/15/14 1,150 747,500
Buffets, Inc., 12.50%, 11/01/14 (e)(f) 950 2,375
General Nutrition Centers, Inc., 7.584%, 3/15/14 (c)(d) 2,800 1,596,000
General Nutrition Centers, Inc., 10.75%, 3/15/15 2,260 1,299,500
Group 1 Automotive, Inc., 2.25%, 6/15/36 (d)(h) 1,685 730,869
Michaels Stores, Inc., 10%, 11/01/14 1,350 425,250
Michaels Stores, Inc., 11.375%, 11/01/16 1,360 299,200
United Auto Group, Inc., 7.75%, 12/15/16 1,805 658,825
-------------
6,964,594
------------------------------------------------------------------------------------------------------------------------------------
Textiles, Apparel & Luxury Levi Strauss & Co., 8.875%, 4/01/16 3,200 1,792,000
Goods - 1.1% Quiksilver, Inc., 6.875%, 4/15/15 2,725 1,008,250
-------------
2,800,250
------------------------------------------------------------------------------------------------------------------------------------
Thrifts & Mortgage Finance - 0.1% Residential Capital LLC, 8.50%, 5/15/10 (b) 1,275 369,750
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Wireless Telecommunication Centennial Cellular Operating Co. LLC, 10.125%, 6/15/13 (h) 2,675 2,638,219
Services - 8.9% Centennial Communications Corp., 9.633%, 1/01/13 (d) 2,170 2,028,950
BlackRock Corporate High Yield Fund VI, Inc.
Schedule of Investments November 30, 2008 (Unaudited)
(Percentages shown are based on Net Assets)
Par
Industry Corporate Bonds (000) Value
------------------------------------------------------------------------------------------------------------------------------------
Cricket Communications, Inc., 9.375%, 11/01/14 USD 1,850 $ 1,468,437
Cricket Communications, Inc., 10%, 7/15/15 (b) 1,420 1,157,300
Digicel Group Ltd., 8.875%, 1/15/15 (b) 2,160 1,112,400
Digicel Group Ltd., 9.125%, 1/15/15 (b)(c) 3,064 1,547,320
FiberTower Corp., 9%, 11/15/12 (a) 1,000 301,250
iPCS, Inc., 5.318%, 5/01/13 (d) 1,295 906,500
MetroPCS Wireless, Inc., 9.25%, 11/01/14 4,885 4,005,700
Nordic Telephone Co. Holdings ApS, 8.875%, 5/01/16 (b) 3,800 2,755,000
Orascom Telecom Finance SCA, 7.875%, 2/08/14 (b) 385 211,750
Sprint Capital Corp., 7.625%, 1/30/11 4,545 3,272,400
Verizon Wireless Capital LLC, 8.50%, 11/15/18 (b) 630 635,662
-------------
22,040,888
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Total Corporate Bonds - 110.3% 273,960,108
------------------------------------------------------------------------------------------------------------------------------------
Floating Rate Loan Interests
------------------------------------------------------------------------------------------------------------------------------------
Auto Components - 1.4% Allison Transmission Inc., Term Loan, 4.38% - 5.57%, 8/07/14 2,280 1,358,415
Dana Corp. Term Advance, 6.75%, 1/31/15 3,007 1,783,941
Delphi Automotive Systems Delay Draw Term Loan, 8.50%, 12/31/08 186 45,933
Delphi Automotive Systems Term Loan, 8.50%, 12/31/08 1,739 428,901
-------------
3,617,190
------------------------------------------------------------------------------------------------------------------------------------
Automobiles - 0.5% Ford Motor Co. Term Loan B, 4.43%, 12/15/13 1,570 627,921
General Motors Corp. Secured Term Loan B, 5.795%, 11/29/13 1,294 497,966
-------------
1,125,887
------------------------------------------------------------------------------------------------------------------------------------
Building Products - 3.0% Building Material Corp. of America Term Loan Advance, 6.50% -
6.625%, 2/22/14 746 459,879
CPG International, I Inc. Term Loan B, 7.20%, 2/28/11 5,000 4,899,908
Masonite International Canadian Term Loan, 5.50%, 4/06/13 1,571 909,754
Masonite International U.S. Term Loan, 5%, 4/06/13 1,541 892,041
-------------
7,161,582
------------------------------------------------------------------------------------------------------------------------------------
Capital Markets - 0.3% Marsico Parent Co., LLC Term Loan, 4.4375% - 7.75% 11/14/14 993 660,012
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Chemicals - 1.6% PQ Corp. First Lien Term Loan, 6.72% - 7.02%, 5/29/16 998 617,203
PQ Corp. Second Lien Term Loan, 9.97%, 5/29/16 5,500 2,612,500
Wellman, Inc. Second Lien Term Loan, 9.989%, 2/10/10 (e)(f) 4,870 730,500
-------------
3,960,203
------------------------------------------------------------------------------------------------------------------------------------
Containers & Packaging - 0.2% Berry Plastics Corp. Loan, 11.334%, 6/15/14 (C) 1,522 456,651
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Diversified Telecommunication Wind Telecomunicazione SpA Euro Facility Second Lien, 11.473%,
Services - 2.0% 12/17/14 EUR 4,770 5,052,773
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BlackRock Corporate High Yield Fund VI, Inc.
Schedule of Investments November 30, 2008 (Unaudited)
(Percentages shown are based on Net Assets)
Par
Industry Floating Rate Loan Interests (000) Value
------------------------------------------------------------------------------------------------------------------------------------
Health Care Providers & Community Health Systems, Inc. Term Loan, 4.446%, 7/25/14 USD 2,521 $ 1,846,286
Services - 1.4% Rotech Healthcare, Inc. Term Loan, 9.135%, 9/26/11 (c) 2,704 1,757,758
-------------
3,604,044
------------------------------------------------------------------------------------------------------------------------------------
Hotels, Restaurants & Travelport, Inc. Term Loan, 8.936%, 3/22/12 (c) 4,622 1,201,841
Leisure - 0.5%
------------------------------------------------------------------------------------------------------------------------------------
Independent Power Producers & Calpine Corp. First Priority Term Loan, 6.645%, 3/29/14 1,047 732,779
Energy Traders - 2.5% TXU Corp Initial Tranche Term Loan B-1, 5.268% - 7.262%, 10/10/14 348 235,547
TXU Corp Initial Tranche Term Loan B-2, 5.268% - 7.262%, 10/10/14 1,890 1,277,372
TXU Corp Initial Tranche Term Loan B-3, 5.268% - 7.262%, 10/10/14 5,940 4,008,015
-------------
6,253,713
------------------------------------------------------------------------------------------------------------------------------------
Machinery - 0.9% Navistar International Transportation Corp. Revolving Credit,
4.686% - 7.126%, 1/19/12 850 459,000
Navistar International Transportation Corp. Term Loan, 4.686%,
1/19/12 2,335 1,260,900
Rexnord Corp. Loan, 9.81%, 3/02/13 (c) 666 519,619
-------------
2,239,519
------------------------------------------------------------------------------------------------------------------------------------
Media - 6.1% Affinion Group, Inc. Loan, 9.868%, 3/01/12 650 260,000
Catalina Marketing Group Senior Unsecured Interim Loan, 7.533%,
10/09/17 (j) 4,250 3,633,750
Cenage Learning Acquisitions (Thomson Learning), Tranche 1
Incremental Term Loan, 7.50%, 7/05/14 2,743 2,304,225
Education Media and Publishing Mezzanine, 13.016%, 11/14/14 9,940 5,964,223
Education Media and Publishing Tranche A Term Loan, 7.516%,
11/14/14 3,955 2,491,364
New Vision Television Second Lien, 9.32%, 10/26/14 1,750 525,000
-------------
15,178,562
------------------------------------------------------------------------------------------------------------------------------------
Multiline Retail - 0.3% Dollar General Term Loan B1, 4.172% - 6.17%, 7/03/14 1,015 779,266
------------------------------------------------------------------------------------------------------------------------------------
Oil, Gas & Consumable Fuels - 1.4% Turbo Beta Term, 14.50%, 3/15/18 (j) 3,635 3,562,633
------------------------------------------------------------------------------------------------------------------------------------
Paper & Forest Products - 0.8% Georgia-Pacific LLC First Lien Term Loan B, 2.76% - 5.762%,
12/22/12 530 406,628
NewPage Corp. Term Loan, 7%, 12/21/14 496 364,123
Verso Paper Holdings LLC Term Loan B, 10.012%, 2/01/13 1,763 1,342,728
-------------
2,113,479
------------------------------------------------------------------------------------------------------------------------------------
Real Estate Management & Realogy Corp. Letter of Credit, 1.751%, 9/22/14 205 117,234
Development - 0.2% Realogy Corp. Term Loan B, 5.706%, 9/22/14 640 366,000
-------------
483,234
------------------------------------------------------------------------------------------------------------------------------------
Total Floating Rate Loan Interests - 23.1% 57,450,589
------------------------------------------------------------------------------------------------------------------------------------
Common Stocks Shares
------------------------------------------------------------------------------------------------------------------------------------
Capital Markets - 0.1% E*Trade Financial Corp. (e) 116,170 156,830
------------------------------------------------------------------------------------------------------------------------------------
Communications Equipment - 0.5% Loral Space & Communications Ltd. (e) 134,482 1,136,373
------------------------------------------------------------------------------------------------------------------------------------
BlackRock Corporate High Yield Fund VI, Inc.
Schedule of Investments November 30, 2008 (Unaudited)
(Percentages shown are based on Net Assets)
Industry Common Stocks Shares Value
-----------------------------------------------------------------------------------------------------------------------------------
Electrical Equipment - 0.0% Medis Technologies Ltd. (e) 116,910 $ 78,330
SunPower Corp. Class B 1,235 32,135
-------------
110,465
-----------------------------------------------------------------------------------------------------------------------------------
Oil, Gas & Consumable Fuels - 0.3% EXCO Resources, Inc. 104,280 799,828
-----------------------------------------------------------------------------------------------------------------------------------
Paper & Forest Products - 0.2% Ainsworth Lumber Co. Ltd. 197,451 208,564
Ainsworth Lumber Co. Ltd. (b) 221,591 233,874
Western Forest Products, Inc. Restricted Shares (e) 78,039 30,833
-------------
473,271
-----------------------------------------------------------------------------------------------------------------------------------
Total Common Stocks - 1.1% 2,676,767
-----------------------------------------------------------------------------------------------------------------------------------
Par
Capital Trusts (000)
-----------------------------------------------------------------------------------------------------------------------------------
Diversified Financial Citigroup, Inc. Series E, 8.40% (d)(k) USD 4,940 2,916,823
Services - 1.9% JPMorgan Chase & Co., 7.90% (d)(k) 2,275 1,780,961
-----------------------------------------------------------------------------------------------------------------------------------
Total Capital Trusts - 1.9% 4,697,784
-----------------------------------------------------------------------------------------------------------------------------------
Warrants (l) Shares
-----------------------------------------------------------------------------------------------------------------------------------
Health Care Providers & HealthSouth Corp. (expires 1/16/14) 54,577 1
Services - 0.0%
-----------------------------------------------------------------------------------------------------------------------------------
Total Warrants - 0.0% 1
-----------------------------------------------------------------------------------------------------------------------------------
Beneficial
Interest
Other Interests (m) (000)
-----------------------------------------------------------------------------------------------------------------------------------
Media - 0.0% Adelphia Escrow (j) USD 1,300 130
-----------------------------------------------------------------------------------------------------------------------------------
Adelphia Recovery Trust (j) 1,630 6,522
-----------------------------------------------------------------------------------------------------------------------------------
Total Other Interests - 0.0% 6,652
-----------------------------------------------------------------------------------------------------------------------------------
Total Long-Term Investments
(Cost - $543,338,489) - 136.4% 338,791,901
-----------------------------------------------------------------------------------------------------------------------------------
Short-Term Securities
-----------------------------------------------------------------------------------------------------------------------------------
BlackRock Liquidity Series, LLC Cash Sweep Series, 1.64% (n)(o) 999 999,169
-----------------------------------------------------------------------------------------------------------------------------------
Total Short-Term Securities
(Cost - $999,169) - 0.4% 999,169
-----------------------------------------------------------------------------------------------------------------------------------
Total Investments
(Cost - $544,337,228*) - 136.8% 339,791,070
Liabilities in Excess of Other Assets - (36.8)% (91,491,712)
-------------
Net Assets - 100.0% $ 248,299,358
=============
* The cost and unrealized appreciation (depreciation) of investments as of
November 30, 2008, as computed for federal income tax purposes, were as
follows:
Aggregate cost $ 545,256,207
=============
Gross unrealized appreciation --
Gross unrealized depreciation $(205,465,137)
-------------
Net unrealized depreciation $(205,465,137)
=============
(a) Convertible security.
(b) Security exempt from registration under Rule 144A of the Securities Act of
1933. These securities may be resold in transactions exempt from
registration to qualified institutional investors.
(c) Represents a payment-in-kind security which may pay interest/dividends in
additional par/shares.
(d) Variable rate security. Rate shown is as of report date.
BlackRock Corporate High Yield Fund VI, Inc.
Schedule of Investments November 30, 2008 (Unaudited)
(e) Non-income producing security.
(f) Issuer filed for bankruptcy or is in default of interest payments.
(g) Represents a step bond. Rate shown reflects effective yield at time of
purchase.
(h) Represents a step bond. Rate shown is as of report date.
(i) All or a portion of the security has been pledged as collateral in
connection with swaps.
(j) Security is fair valued.
(k) Security is perpetual in nature and has no stated maturity date.
(l) 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.
(m) Other interests represent beneficial interest in liquidation trusts and
other reorganization entities and are non-income producing.
(n) Represents the current yield as of report date.
(o) 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 Income
-------------------------------------------------------------------------------------
BlackRock Liquidity Series, LLC Cash Sweep Series USD (13,278,014) $ 13,400
-------------------------------------------------------------------------------------
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-classification for reporting
ease.
o Foreign currency exchange contracts as of November 30, 2008 were as
follows:
--------------------------------------------------------------------------
Unrealized
Currency Currency Settlement Appreciation
Purchased Sold Date (Depreciation)
--------------------------------------------------------------------------
USD 6,119,822 EUR 4,847,000 12/10/08 $ (36,682)
USD 2,279,987 EUR 1,820,000 12/10/08 (31,719)
USD 2,509,087 EUR 1,967,000 1/21/09 11,144
USD 355,624 EUR 284,000 1/21/09 (5,035)
USD 291,324 CAD 345,000 1/29/09 12,993
--------------------------------------------------------------------------
Total $ (49,299)
==============
o Credit default swaps on single-name issues - sold protection outstanding
as of November 30, 2008 were as follows:
-----------------------------------------------------------------------------------------------------------------------
Notional
Pay Fixed Credit Amount Unrealized
Issuer Rate Counterparty Expiration Rating (1) (000)(2) Depreciation
-----------------------------------------------------------------------------------------------------------------------
Ford Motor Co. 3.80% UBS Warburg March 2010 CCC USD 1,590 $ (1,025,313)
Ford Motor Co. 5.00% The Goldman Sachs
Group, Inc. June 2010 CCC USD 6,330 (4,118,007)
-----------------------------------------------------------------------------------------------------------------------
Total $ (5,143,320)
=============
(1) Using the higher of Standard and Poor's or Moody's Investors Service
ratings.
(2) The maximum potential amount the Fund may receive should a negative
credit event take place as defined under the terms of the agreement.
BlackRock Corporate High Yield Fund VI, Inc.
Schedule of Investments November 30, 2008 (Unaudited)
o Currency Abbreviations:
CAD Canadian Dollar
EUR Euro
USD U.S. Dollar
o Effective September 1, 2008, the Fund adopted Financial Accounting
Standards Board Statement of Financial Accounting Standards No. 157, "Fair
Value Measurements" ("FAS 157"). FAS 157 clarifies the definition of fair
value, establishes a framework for measuring fair values and requires
additional disclosures about the use of fair value measurements. Various
inputs are used in determining the fair value of investments, which are as
follows:
o Level 1 - price quotations in active markets/exchanges for identical
securities
o Level 2 - other observable inputs (including, but not limited to:
quoted prices for 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)
o Level 3 - unobservable inputs based on the best information
available in the circumstance, to the extent observable inputs are
not available (including the Fund's own assumption used in
determining the fair value of investments)
The inputs or methodology used for valuing securities are not
necessarily an indication of the risk associated with investing in
those securities. For information about the Fund's policy regarding
valuation of investments and other significant accounting policies,
please refer to the Fund's most recent financial statements as
contained in its annual report.
The following table summarizes the inputs used as of November 30,
2008 in determining the fair valuation of the Fund's investments:
--------------------------------------------------------------------
Valuation Investments in Other Financial
Inputs Securities Instruments*
--------------------------------------------------------------------
Level 1 $ 2,442,891 --
Level 2 308,666,786 $ (5,192,619)
Level 3 28,681,393 --
--------------------------------------------------------------------
Total $ 339,791,070 $ (5,192,619)
=========================================
* Other financial instruments are forward foreign exchange
contracts and swaps.
The following is a reconciliation of investments for unobservable
inputs (Level 3) were used in determining fair value:
--------------------------------------------------------------------
Investments in
Securities
--------------------------------------------------------------------
Balance, as of September 1, 2008 $ 7,513,886
Accrued discounts/premiums 30,647
Realized gain (loss) 1,049
Change in unrealized appreciation (depreciation) (9,806,384)
Net purchases (sales) 4,177,579
Net transfers in/out of Level 3 26,764,616
--------------------------------------------------------------------
Balance, as of November 30, 2008 $ 28,681,393
=============
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/ Donald C. Burke
--------------------------------
Donald C. Burke
Chief Executive Officer of
BlackRock Corporate High Yield Fund VI, Inc.
Date: January 20, 2009
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/ Donald C. Burke
--------------------------------
Donald C. Burke
Chief Executive Officer (principal executive officer) of
BlackRock Corporate High Yield Fund VI, Inc.
Date: January 20, 2009
By: /s/ Neal J. Andrews
--------------------------------
Neal J. Andrews
Chief Financial Officer (principal financial officer) of
BlackRock Corporate High Yield Fund VI, Inc.
Date: January 20, 2009