0001287695-12-000205.txt : 20120430 0001287695-12-000205.hdr.sgml : 20120430 20120430105436 ACCESSION NUMBER: 0001287695-12-000205 CONFORMED SUBMISSION TYPE: NSAR-B PUBLIC DOCUMENT COUNT: 12 CONFORMED PERIOD OF REPORT: 20120229 FILED AS OF DATE: 20120430 DATE AS OF CHANGE: 20120430 EFFECTIVENESS DATE: 20120430 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BLACKROCK SENIOR HIGH INCOME FUND, INC. CENTRAL INDEX KEY: 0000896665 IRS NUMBER: 223226962 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NSAR-B SEC ACT: 1940 Act SEC FILE NUMBER: 811-07456 FILM NUMBER: 12792852 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 BUSINESS PHONE: 800-441-7762 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 FORMER COMPANY: FORMER CONFORMED NAME: SENIOR HIGH INCOME PORTFOLIO INC DATE OF NAME CHANGE: 19930714 NSAR-B 1 answer.fil PAGE 1 000 B000000 02/29/2012 000 C000000 0000896665 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 6.1 000 J000000 A 001 A000000 BLACKROCK SENIOR HIGH INCOME FUND, INC. 001 B000000 811-07456 001 C000000 8004417762 002 A000000 100 BELLEVUE PARKWAY 002 B000000 WILMINGTON 002 C000000 DE 002 D010000 19809 003 000000 N 004 000000 N 005 000000 N 006 000000 N 007 A000000 N 007 B000000 0 007 C010100 1 008 A000001 BLACKROCK ADVISORS, LLC 008 B000001 A 008 C000001 801-47710 008 D010001 WILMINGTON 008 D020001 DE 008 D030001 19809 008 A000002 BLACKROCK FINANCIAL MANAGEMENT, INC. 008 B000002 S 008 C000002 801-48433 008 D010002 NEW YORK 008 D020002 NY 008 D030002 10055 012 A000001 COMPUTERSHARE TRUST COMPANY, N.A. 012 B000001 85-11340 012 C010001 CANTON 012 C020001 MA 012 C030001 02021 013 A000001 DELOITTE & TOUCHE LLP 013 B010001 BOSTON 013 B020001 MA 013 B030001 02116 014 A000001 BLACKROCK CAPITAL MARKETS, LLC 014 B000001 8-67827 014 A000002 BLACKROCK EXECUTION SERVICES 014 B000002 8-48719 014 A000003 BLACKROCK INVESTMENTS, LLC 014 B000003 8-48436 014 A000004 HARRIS WILLIAMS LLC PAGE 2 014 B000004 8-53380 014 A000005 PNC CAPITAL MARKETS, INC. 014 B000005 8-32493 014 A000006 PNC INVESTMENTS LLC 014 B000006 8-66195 015 A000001 THE BANK OF NEW YORK MELLON 015 B000001 C 015 C010001 NEW YORK 015 C020001 NY 015 C030001 10286 015 E010001 X 015 A000002 J.P. MORGAN CHASE BANK 015 B000002 S 015 C010002 NEW YORK 015 C020002 NY 015 C030002 10017 015 E010002 X 015 A000003 CIBC MELLON TRUST CO 015 B000003 S 015 C010003 CANADA 015 D010003 CANADA 015 E040003 X 015 A000004 THE BANK OF NEW YORK MELLON 015 B000004 S 015 C010004 DUBLIN 015 D010004 IRELAND 015 E040004 X 015 A000005 BNY MELLON SA/NV ASSET SERVICING 015 B000005 S 015 C010005 FRANKFURT 015 D010005 GERMANY 015 E040005 X 015 A000006 BANK OF TOKYO MITSUBISH UFJ, LTD. 015 B000006 S 015 C010006 TOKYO 015 D010006 JAPAN 015 E040006 X 015 A000007 THE BANK OF NEW YORK MELLON SA/NV 015 B000007 S 015 C010007 NETHERLANDS 015 D010007 NETHERLANDS 015 E040007 X 018 000000 Y 019 A000000 Y 019 B000000 287 019 C000000 BLKRKADVSR 020 A000001 JONES & ASSOCIATES, INC. 020 C000001 2 020 A000002 HUNTER SECURITIES CORP. 020 C000002 1 020 A000003 CITIGROUP GLOBAL MARKETS, INC. PAGE 3 020 B000003 11-2418191 020 C000003 0 020 A000004 MACRO RISK ADVISORS LLC 020 C000004 0 020 A000005 DAHLMAN ROSE & COMPANY, LLC 020 B000005 13-3957463 020 C000005 0 021 000000 3 022 A000001 BLK LIQUIDITY FUNDS, TEMPFUND, INSTIT. CLASS 022 B000001 52-0983343 022 C000001 105748 022 D000001 110777 022 A000002 J.P. MORGAN SECURITIES INC. 022 B000002 13-3299429 022 C000002 42376 022 D000002 18696 022 A000003 BANC OF AMERICA SECURITIES LLC 022 B000003 56-2058405 022 C000003 25359 022 D000003 26146 022 A000004 CREDIT SUISSE SECURITIES (USA) L.L.C. 022 B000004 13-5659485 022 C000004 23239 022 D000004 15389 022 A000005 MORGAN STANLEY & CO. INCORPORATED 022 B000005 13-2655998 022 C000005 23124 022 D000005 8771 022 A000006 DEUTSCHE BANK SECURITIES INC. 022 B000006 13-2730828 022 C000006 15091 022 D000006 8015 022 A000007 CITIGROUP GLOBAL MARKETS, INC. 022 B000007 11-2418191 022 C000007 14067 022 D000007 8366 022 A000008 GOLDMAN, SACHS & CO. 022 B000008 13-5108880 022 C000008 10103 022 D000008 4694 022 A000009 COLIN HOCHSTIN 022 C000009 10526 022 D000009 77 022 A000010 WELLS FARGO & CO 022 B000010 41-0449260 022 C000010 4967 022 D000010 2804 023 C000000 294234 023 D000000 225557 024 000000 N 026 A000000 N PAGE 4 026 B000000 N 026 C000000 N 026 D000000 Y 026 E000000 N 026 F000000 N 026 G010000 N 026 G020000 N 026 H000000 N 027 000000 N 028 A010000 0 028 A020000 0 028 A030000 0 028 A040000 0 028 B010000 0 028 B020000 0 028 B030000 0 028 B040000 0 028 C010000 0 028 C020000 0 028 C030000 0 028 C040000 0 028 D010000 0 028 D020000 0 028 D030000 0 028 D040000 0 028 E010000 0 028 E020000 0 028 E030000 0 028 E040000 0 028 F010000 0 028 F020000 0 028 F030000 0 028 F040000 0 028 G010000 0 028 G020000 0 028 G030000 0 028 G040000 0 028 H000000 0 030 A000000 0 030 B000000 0.00 030 C000000 0.00 031 A000000 0 031 B000000 0 032 000000 0 033 000000 0 035 000000 0 036 B000000 0 038 000000 0 042 A000000 0 042 B000000 0 042 C000000 0 PAGE 5 042 D000000 0 042 E000000 0 042 F000000 0 042 G000000 0 042 H000000 0 043 000000 0 044 000000 0 045 000000 Y 046 000000 N 047 000000 Y 048 000000 0.500 048 A010000 0 048 A020000 0.000 048 B010000 0 048 B020000 0.000 048 C010000 0 048 C020000 0.000 048 D010000 0 048 D020000 0.000 048 E010000 0 048 E020000 0.000 048 F010000 0 048 F020000 0.000 048 G010000 0 048 G020000 0.000 048 H010000 0 048 H020000 0.000 048 I010000 0 048 I020000 0.000 048 J010000 0 048 J020000 0.000 048 K010000 0 048 K020000 0.000 049 000000 N 050 000000 N 051 000000 N 052 000000 N 053 A000000 Y 053 B000000 Y 053 C000000 N 054 A000000 Y 054 B000000 Y 054 C000000 N 054 D000000 N 054 E000000 N 054 F000000 N 054 G000000 N 054 H000000 Y 054 I000000 N 054 J000000 Y 054 K000000 N PAGE 6 054 L000000 N 054 M000000 Y 054 N000000 N 055 A000000 Y 055 B000000 Y 056 000000 Y 057 000000 N 058 A000000 N 059 000000 Y 060 A000000 N 060 B000000 N 061 000000 0 062 A000000 Y 062 B000000 0.0 062 C000000 0.0 062 D000000 0.0 062 E000000 0.0 062 F000000 0.0 062 G000000 0.0 062 H000000 0.0 062 I000000 0.0 062 J000000 0.0 062 K000000 0.0 062 L000000 2.2 062 M000000 0.0 062 N000000 0.0 062 O000000 0.0 062 P000000 53.7 062 Q000000 75.5 062 R000000 1.1 063 A000000 0 063 B000000 6.1 064 A000000 N 064 B000000 Y 065 000000 N 066 A000000 N 067 000000 N 068 A000000 N 068 B000000 N 069 000000 N 070 A010000 Y 070 A020000 N 070 B010000 N 070 B020000 N 070 C010000 Y 070 C020000 N 070 D010000 N 070 D020000 N 070 E010000 Y 070 E020000 N 070 F010000 N PAGE 7 070 F020000 N 070 G010000 Y 070 G020000 N 070 H010000 N 070 H020000 N 070 I010000 N 070 I020000 N 070 J010000 Y 070 J020000 N 070 K010000 Y 070 K020000 Y 070 L010000 Y 070 L020000 Y 070 M010000 Y 070 M020000 Y 070 N010000 Y 070 N020000 N 070 O010000 Y 070 O020000 Y 070 P010000 Y 070 P020000 Y 070 Q010000 N 070 Q020000 N 070 R010000 N 070 R020000 N 071 A000000 183339 071 B000000 182184 071 C000000 303450 071 D000000 60 072 A000000 12 072 B000000 21063 072 C000000 4 072 D000000 0 072 E000000 0 072 F000000 1497 072 G000000 64 072 H000000 0 072 I000000 53 072 J000000 35 072 K000000 0 072 L000000 36 072 M000000 26 072 N000000 23 072 O000000 0 072 P000000 643 072 Q000000 0 072 R000000 78 072 S000000 88 072 T000000 0 072 U000000 0 072 V000000 0 PAGE 8 072 W000000 277 072 X000000 2820 072 Y000000 1 072 Z000000 18248 072AA000000 7091 072BB000000 11936 072CC010000 1670 072CC020000 0 072DD010000 18750 072DD020000 0 072EE000000 0 073 A010000 0.3310 073 A020000 0.0000 073 B000000 0.0000 073 C000000 0.0000 074 A000000 16 074 B000000 0 074 C000000 0 074 D000000 304007 074 E000000 78 074 F000000 1555 074 G000000 0 074 H000000 0 074 I000000 6112 074 J000000 5748 074 K000000 0 074 L000000 3108 074 M000000 29 074 N000000 320653 074 O000000 15830 074 P000000 116 074 Q000000 69000 074 R010000 0 074 R020000 0 074 R030000 0 074 R040000 391 074 S000000 0 074 T000000 235316 074 U010000 56662 074 U020000 0 074 V010000 4.15 074 V020000 0.00 074 W000000 0.0000 074 X000000 22494 074 Y000000 1614 075 A000000 0 075 B000000 232694 076 000000 4.06 077 A000000 Y 077 B000000 Y 077 O000000 Y PAGE 9 078 000000 Y 080 A000000 FEDERAL INSURANCE COMPANY 080 B000000 NATIONAL UNION FIRE INS. CO. PITTSBURGH, PA 080 C000000 69325 081 A000000 Y 081 B000000 95 082 A000000 N 082 B000000 0 083 A000000 N 083 B000000 0 084 A000000 N 084 B000000 0 085 A000000 Y 085 B000000 N 086 A010000 55 086 A020000 233 086 B010000 0 086 B020000 0 086 C010000 0 086 C020000 0 086 D010000 0 086 D020000 0 086 E010000 0 086 E020000 0 086 F010000 0 086 F020000 0 087 A010000 COMMON STOCK 087 A020000 09255T109 087 A030000 ARK 088 A000000 N 088 B000000 N 088 C000000 N 088 D000000 N SIGNATURE NEAL J. ANDREWS TITLE CFO EX-99.77O RULE 10F-3 2 alphanat2019.htm Unassociated Document
 
 
 


 
Participating Funds
 
n U.S. Registered Funds (Name of Fund, Aladdin Ticker):
BlackRock Senior High Income Fund, Inc., ARK
Managed Account Series: High Income Portfolio, BATS-HINC
BlackRock Floating Rate Income Trust, BGT2
BlackRock Strategic Bond Trust, BHD
BlackRock Defined Opportunity Credit Trust, BHL
BlackRock High Yield Trust, BHY
BlackRock Limited Duration Income Trust, BLW
BlackRock Credit Allocation Income Trust III, BPP
BlackRock Floating Rate Income Portfolio, BR-FRI
BlackRock High Income Fund, BR-HIINC
BlackRock High Yield Bond Portfolio, BR-HIYLD
BlackRock Strategic Income Opportunities Portfolio, BR-SIP
BlackRock Credit Allocation Income Trust IV – Preferred Sleeve, BTZ-PREF
BlackRock High Income Portfolio (Ins-Series), BVA-HI
BlackRock High Income V.I. Fund (Ins-Var Ser), BVA-HY
BlackRock Corporate High Yield Fund, Inc., COY
BlackRock Corporate High Yield Fund III, Inc., CYE
BlackRock Debt Strategies Fund, Inc., DSU
BlackRock Diversified Income Strategies Fund, Inc., DVF
BlackRock Floating Rate Income Strategies Fund, Inc., FRA
BlackRock Floating Rate Income Strategies Fund II, Inc., FRB
BlackRock High Income Shares, HIS
BlackRock Corporate High Yield Fund VI, Inc., HYT
BlackRock Corporate High Yield Fund V, Inc., HYV
iShares iBoxx $ High Yield Corporate Bond Fund, ISHHYLD
MIST BlackRock High Yield Portfolio, MIST-HY
AST BlackRock Global Strategies Portfolio – US High Yield, PRU-AA-HY
BlackRock Credit Allocation Income Trust I, Inc., PSW
BlackRock Credit Allocation Income Trust II, Inc., PSY
 
 
The Offering
 
 
Key Characteristics (Complete ALL Fields)
Date of
Offering Commencement:
May 18, 2011
Security Type:
Corporate Bond

Issuer
Alpha Natural Resources, Inc. (2019 Maturity)
Selling Underwriter
Morgan Stanley & Co. Incorporated
Affiliated Underwriter(s)
 PNC
 Other:       
List of Underwriter(s)
Morgan Stanley & Co. Incorporated, Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Mitsubishi UFJ Securities (USA), Inc., RBS Securities Inc., PNC Capital Markets LLC
 
Transaction Details
Date of Purchase
May 18, 2011

Purchase Price/Share
(per share / % of par)
100
Total Commission, Spread or Profit
2.125

1. Aggregate Principal Amount Purchased (a+b)
83,000,000
a.US Registered Funds
(Appendix attached with individual Fund/Client purchase)
45,590,000
b.Other BlackRock Clients
37,410,000
 
2. Aggregate Principal Amount of Offering
 
800,000,000
Fund Ratio
[Divide Sum of #1 by #2]
Must be less than 0.25
(unless securities are Government Securities)
.1037
 



 
 Page  of 2
 
 
 
Rule 10f-3 Report – Definitions
 

 
Legal Requirements
 
 
Offering Type (check ONE)
The securities fall into one of the following transaction types (see Definitions):
 
U.S. Registered Public Offering[Issuer must have 3 years of continuous operations]
 
Eligible Rule 144A Offering[Issuer must have 3 years of continuous operations]
 
Eligible Municipal Securities[Issuer must have 3 years of continuous operations]
 
Eligible Foreign Offering[Issuer must have 3 years of continuous operations]
 
Government Securities Offering
 
Timing and Price (check ONE or BOTH)
 
The securities were purchased before the end of the first day on which any sales were made, at a price that was not more than the price paid by each other purchaser of securities in that offering or in any concurrent offering of the securities; and
 
If the securities are offered for subscription upon exercise of rights, the securities were purchased on or before the fourth day before the day on which the rights offering terminated.
 
Firm Commitment Offering (check ONE)
  YES
  NO
The securities were offered pursuant to an underwriting or similar agreement under which the underwriters were committed to purchase all of the securities being offered, except those purchased by others pursuant to a rights offering, if the underwriters purchased any of the securities.
 
No Benefit to Affiliated Underwriter (check ONE)
  YES
  NO
No affiliated underwriter was a direct or indirect participant in, or benefited directly or indirectly from, the transaction.



Completed by:
Steven DeLaura
Date:
05-25-11
 
Global Syndicate Team Member
 
 
    
Approved by:
Beth Moore
Date:
5/25/11
 
Senior Global Syndicate Team Member
 
 
    

 

 



 

 
 
Definitions
 
Term
Definition
Fund Ratio
Number appearing at the bottom of page 1 of 2 of the Rule 10f-3 Report form.  It is the sum of the Funds’ participation in the offering divided by the total amount of the offering.
Eligible Foreign Offering
The securities are sold in a public offering conducted under the laws of a country other than the United States and
(a)the offering is subject to regulation in such country by a “foreign financial regulatory authority,” as defined in Section 2(a)(50) of the Investment Company Act of 1940;
(b)the securities were offered at a fixed price to all purchasers in the offering (except for any rights to purchase securities that are required by law to be granted to existing security holders of the issuer);
(c)financial statements, prepared and audited as required or permitted by the appropriate foreign financial regulatory authority in such country, for the two years prior to the offering, were made available to the public and prospective purchasers in connection with the offering; and
(d)if the issuer is a “domestic issuer,” i.e., other than a foreign government, a national of any foreign country, or a corporation or other organization incorporated or organized under the laws of any foreign country, it (1) has a class of securities registered pursuant to section 12(b) or 12(g) of the Securities Exchange Act of 1934 or is required to file reports pursuant to section 15(d) of that act, and (2) has filed all the material required to be filed pursuant to section 13(a) or 15(d) of that act for a period of at least 12 months immediately preceding the sale of securities (or for such shorter period that the issuer was required to file such material)
Eligible Municipal Securities
The securities are direct obligations of, or obligations guaranteed as to principal or interest by, a State or any political subdivision thereof, or any agency or instrumentality of a State or any political subdivision thereof, or any municipal corporate instrumentality of one or more States, or any security which is an industrial development bond (as defined in section 103(c)(2) of Title 26) the interest on which is excludable from gross income under certain provisions of the Internal Revenue Code.
(a)with respect to ratings, the securities
(1)have received an investment grade rating from at least one nationally recognized statistical rating organization (“NRSRO”); or
(2)have received one of the three highest ratings from an NRSRO, if the issuer of the municipal securities, or the entity supplying the revenue or other payments from which the issue is to be paid, has been in continuous operation for less than three years, including the operation of any predecessors.
(b) The purchases of municipal securities, if any, were not designated as group sales or otherwise allocated to the account of any prohibited seller (i.e., an affiliated underwriter).
Eligible Rule 144A Offering
The securities are sold in an offering where
(a)the securities are offered or sold in transactions exempt from registration under Section 4(2) of the Securities Act of 1933, Rule 144A thereunder, or Rules 501-508 thereunder;
(b)the securities were sold to persons that the seller and any person acting on behalf of the seller reasonably believe to include qualified institutional buyers, as defined in Rule 144A (“QIBs”); and
(c)the seller and any person acting on behalf of the seller reasonably believe that the securities are eligible for resale to other QIBs pursuant to Rule 144A
Government Securities Offering
The security is issued or guaranteed as to principal or interest by the United States, or by a person controlled or supervised by and acting as an instrumentality of the Government of the United States pursuant to authority granted by the Congress of the United States; or any certificate of deposit for any of the foregoing
U.S. Registered Public Offering.
The securities offered are registered under the Securities Act of 1933 that are being offered to the public.


 
 
 

EX-99.77O RULE 10F-3 3 alphanat2021.htm Unassociated Document
 
 
 


 
Participating Funds
 
n U.S. Registered Funds (Name of Fund, Aladdin Ticker):
BlackRock Senior High Income Fund, Inc., ARK
Managed Account Series: High Income Portfolio, BATS-HINC
BlackRock Floating Rate Income Trust, BGT2
BlackRock Strategic Bond Trust, BHD
BlackRock Defined Opportunity Credit Trust, BHL
BlackRock High Yield Trust, BHY
BlackRock Limited Duration Income Trust, BLW
BlackRock Credit Allocation Income Trust III, BPP
BlackRock Floating Rate Income Portfolio, BR-FRI
BlackRock High Income Fund, BR-HIINC
BlackRock High Yield Bond Portfolio, BR-HIYLD
BlackRock Strategic Income Opportunities Portfolio, BR-SIP
BlackRock Credit Allocation Income Trust IV – Preferred Sleeve, BTZ-PREF
BlackRock High Income Portfolio (Ins-Series), BVA-HI
BlackRock High Income V.I. Fund (Ins-Var Ser), BVA-HY
BlackRock Corporate High Yield Fund, Inc., COY
BlackRock Corporate High Yield Fund III, Inc., CYE
BlackRock Debt Strategies Fund, Inc., DSU
BlackRock Diversified Income Strategies Fund, Inc., DVF
BlackRock Floating Rate Income Strategies Fund, Inc., FRA
BlackRock Floating Rate Income Strategies Fund II, Inc., FRB
BlackRock High Income Shares, HIS
BlackRock Corporate High Yield Fund VI, Inc., HYT
BlackRock Corporate High Yield Fund V, Inc., HYV
iShares iBoxx $ High Yield Corporate Bond Fund, ISHHYLD
MIST BlackRock High Yield Portfolio, MIST-HY
AST BlackRock Global Strategies Portfolio – US High Yield, PRU-AA-HY
BlackRock Credit Allocation Income Trust I, Inc., PSW
BlackRock Credit Allocation Income Trust II, Inc., PSY
 
 
The Offering
 
 
Key Characteristics (Complete ALL Fields)
Date of
Offering Commencement:
May 18, 2011
Security Type:
Corporate Bond

Issuer
Alpha Natural Resources, Inc. (2021 Maturity)
Selling Underwriter
Morgan Stanley & Co. Incorporated
Affiliated Underwriter(s)
 PNC
 Other:       
List of Underwriter(s)
Morgan Stanley & Co. Incorporated, Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Mitsubishi UFJ Securities (USA), Inc., RBS Securities Inc., PNC Capital Markets LLC
 
Transaction Details
Date of Purchase
May 18, 2011

Purchase Price/Share
(per share / % of par)
100
Total Commission, Spread or Profit
2.125

1. Aggregate Principal Amount Purchased (a+b)
100,000,000
a.US Registered Funds
(Appendix attached with individual Fund/Client purchase)
53,990,000
b.Other BlackRock Clients
46,010,000
 
2. Aggregate Principal Amount of Offering
 
700,000,000
Fund Ratio
[Divide Sum of #1 by #2]
Must be less than 0.25
(unless securities are Government Securities)
.1429
 



 
 Page  of 2
 
 
 
Rule 10f-3 Report – Definitions
 

 
Legal Requirements
 
 
Offering Type (check ONE)
The securities fall into one of the following transaction types (see Definitions):
 
U.S. Registered Public Offering[Issuer must have 3 years of continuous operations]
 
Eligible Rule 144A Offering[Issuer must have 3 years of continuous operations]
 
Eligible Municipal Securities[Issuer must have 3 years of continuous operations]
 
Eligible Foreign Offering[Issuer must have 3 years of continuous operations]
 
Government Securities Offering
 
Timing and Price (check ONE or BOTH)
 
The securities were purchased before the end of the first day on which any sales were made, at a price that was not more than the price paid by each other purchaser of securities in that offering or in any concurrent offering of the securities; and
 
If the securities are offered for subscription upon exercise of rights, the securities were purchased on or before the fourth day before the day on which the rights offering terminated.
 
Firm Commitment Offering (check ONE)
  YES
  NO
The securities were offered pursuant to an underwriting or similar agreement under which the underwriters were committed to purchase all of the securities being offered, except those purchased by others pursuant to a rights offering, if the underwriters purchased any of the securities.
 
No Benefit to Affiliated Underwriter (check ONE)
  YES
  NO
No affiliated underwriter was a direct or indirect participant in, or benefited directly or indirectly from, the transaction.



Completed by:
Steven DeLaura
Date:
05-25-11
 
Global Syndicate Team Member
 
 
    
Approved by:
Beth Moore
Date:
5/25/11
 
Senior Global Syndicate Team Member
 
 
    

 

 



 

 
 
Definitions
 
Term
Definition
Fund Ratio
Number appearing at the bottom of page 1 of 2 of the Rule 10f-3 Report form.  It is the sum of the Funds’ participation in the offering divided by the total amount of the offering.
Eligible Foreign Offering
The securities are sold in a public offering conducted under the laws of a country other than the United States and
(a)the offering is subject to regulation in such country by a “foreign financial regulatory authority,” as defined in Section 2(a)(50) of the Investment Company Act of 1940;
(b)the securities were offered at a fixed price to all purchasers in the offering (except for any rights to purchase securities that are required by law to be granted to existing security holders of the issuer);
(c)financial statements, prepared and audited as required or permitted by the appropriate foreign financial regulatory authority in such country, for the two years prior to the offering, were made available to the public and prospective purchasers in connection with the offering; and
(d)if the issuer is a “domestic issuer,” i.e., other than a foreign government, a national of any foreign country, or a corporation or other organization incorporated or organized under the laws of any foreign country, it (1) has a class of securities registered pursuant to section 12(b) or 12(g) of the Securities Exchange Act of 1934 or is required to file reports pursuant to section 15(d) of that act, and (2) has filed all the material required to be filed pursuant to section 13(a) or 15(d) of that act for a period of at least 12 months immediately preceding the sale of securities (or for such shorter period that the issuer was required to file such material)
Eligible Municipal Securities
The securities are direct obligations of, or obligations guaranteed as to principal or interest by, a State or any political subdivision thereof, or any agency or instrumentality of a State or any political subdivision thereof, or any municipal corporate instrumentality of one or more States, or any security which is an industrial development bond (as defined in section 103(c)(2) of Title 26) the interest on which is excludable from gross income under certain provisions of the Internal Revenue Code.
(a)with respect to ratings, the securities
(1)have received an investment grade rating from at least one nationally recognized statistical rating organization (“NRSRO”); or
(2)have received one of the three highest ratings from an NRSRO, if the issuer of the municipal securities, or the entity supplying the revenue or other payments from which the issue is to be paid, has been in continuous operation for less than three years, including the operation of any predecessors.
(b) The purchases of municipal securities, if any, were not designated as group sales or otherwise allocated to the account of any prohibited seller (i.e., an affiliated underwriter).
Eligible Rule 144A Offering
The securities are sold in an offering where
(a)the securities are offered or sold in transactions exempt from registration under Section 4(2) of the Securities Act of 1933, Rule 144A thereunder, or Rules 501-508 thereunder;
(b)the securities were sold to persons that the seller and any person acting on behalf of the seller reasonably believe to include qualified institutional buyers, as defined in Rule 144A (“QIBs”); and
(c)the seller and any person acting on behalf of the seller reasonably believe that the securities are eligible for resale to other QIBs pursuant to Rule 144A
Government Securities Offering
The security is issued or guaranteed as to principal or interest by the United States, or by a person controlled or supervised by and acting as an instrumentality of the Government of the United States pursuant to authority granted by the Congress of the United States; or any certificate of deposit for any of the foregoing
U.S. Registered Public Offering.
The securities offered are registered under the Securities Act of 1933 that are being offered to the public.


 
 
 

EX-99.77O RULE 10F-3 4 archcoal.htm Unassociated Document
 
 
 


 
Participating Funds
 
n U.S. Registered Funds (Name of Fund, Aladdin Ticker):
BlackRock High Yield Trust (BHY),
BlackRock High Income Portfolio (Ins - Series) (BVA-HI),
BlackRock Credit Allocation Income Trust I,Inc. (PSW),
BlackRock Strategic Bond Trust (BHD),
BlackRock Senior High Income Fund,Inc. (ARK),
BlackRock Credit Allocation Income Trust III (BPP),
Managed Account Series:  High Income Portfolio (BATS-HINC),
BlackRock High Income Shares (HIS),
BlackRock High Income V.I. Fund (Ins - Var Ser) (BVA-HY),
AST BlackRock Global Strategies Portfolio-US High Yield (PRU-AA-HY),
BlackRock Debt Strategies Fund,Inc. (DSU),
BlackRock Credit Allocation Income Trust II,Inc. (PSY),
BlackRock Corporate High Yield Fund,Inc. (COY),
BlackRock Corporate High Yield Fund III, Inc. (CYE),
BlackRock Limited Duration Income Trust (BLW),
BlackRock Credit Allocation Income Trust IV - Preferred Sleeve (BTZ-PREF),
BlackRock Corporate High Yield Fund V,Inc. (HYV),
BlackRock Corporate High Yield Fund VI,Inc. (HYT),
MIST BlackRock High Yield Portfolio (MIST-HY),
BLACKROCK LONG DURATION BOND PORTFOLIO (BR-LONG),
BlackRock High Income Fund (BR-HIINC),
BlackRock High Yield Bond Portfolio (BR-HIYLD)
 
The Offering
 
 
Key Characteristics (Complete ALL Fields)
Date of
Offering Commencement:
06/08/2011
Security Type:
BND/CORP

Issuer
ARCH COAL INC. (2021)
Selling Underwriter
MORGAN STANLEY & CO LLC
Affiliated Underwriter(s)
 PNC
 Other:
List of Underwriter(s)
Morgan Stanley & Co. LLC, PNC Capital Markets LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, RBS Securities Inc., Citigroup Global Markets Inc., BMO Capital Markets Corp., Credit Agricole Securities (USA) Inc., Credit Suisse Securities (USA) LLC, Wells Fargo Securities, LLC, Mitsubishi UFJ Securities (USA), Inc., Natixis Securities North America Inc.,  Santander Investment Securities Inc., U.S. Bancorp Investments, Inc., Banco Bilboa Vizcaya Argentaria, S.A., FBR Capital Markets & Co., Morgan Keegan & Company, Inc., RBC Capital Markets, LLC
 
Transaction Details
Date of Purchase
06/08/2011

Purchase Price/Share
(per share / % of par)
100
Total Commission, Spread or Profit
2%

1. Aggregate Principal Amount Purchased (a+b)
$90,000,000
 
a.US Registered Funds
(Appendix attached with individual Fund/Client purchase)
$30,640,000
 
b.Other BlackRock Clients
$59,360,000
 
 
2. Aggregate Principal Amount of Offering
 
$1,000,000,000
Fund Ratio
[Divide Sum of #1 by #2]
Must be less than 0.25
(unless securities are Government Securities)
0.0900



 
 Page  of 2
 
 
 
Rule 10f-3 Report – Definitions
 

 
Legal Requirements
 
 
Offering Type (check ONE)
The securities fall into one of the following transaction types (see Definitions):
 
U.S. Registered Public Offering---[Issuer must have 3 years of continuous operations]
 
Eligible Rule 144A Offering[Issuer must have 3 years of continuous operations]
 
Eligible Municipal Securities[Issuer must have 3 years of continuous operations]
 
Eligible Foreign Offering[Issuer must have 3 years of continuous operations]
 
Government Securities Offering
 
Timing and Price (check ONE or BOTH)
 
The securities were purchased before the end of the first day on which any sales were made, at a price that was not more than the price paid by each other purchaser of securities in that offering or in any concurrent offering of the securities; and
 
If the securities are offered for subscription upon exercise of rights, the securities were purchased on or before the fourth day before the day on which the rights offering terminated.
 
Firm Commitment Offering (check ONE)
  YES
  NO
The securities were offered pursuant to an underwriting or similar agreement under which the underwriters were committed to purchase all of the securities being offered, except those purchased by others pursuant to a rights offering, if the underwriters purchased any of the securities.
 
No Benefit to Affiliated Underwriter (check ONE)
  YES
  NO
No affiliated underwriter was a direct or indirect participant in, or benefited directly or indirectly from, the transaction.



Completed by:
Abhishek anchal
Date:
07/11/2011
 
Global Syndicate Team Member
 
 
    
Approved by:
Odette Rajwan
Date:
07/11/2011
 
Senior Global Syndicate Team Member
 
 
    

 

 
 

 
 
Definitions
 
Term
Definition
Fund Ratio
Number appearing at the bottom of page 1 of 2 of the Rule 10f-3 Report form.  It is the sum of the Funds’ participation in the offering divided by the total amount of the offering.
Eligible Foreign Offering
The securities are sold in a public offering conducted under the laws of a country other than the United States and
(a)the offering is subject to regulation in such country by a “foreign financial regulatory authority,” as defined in Section 2(a)(50) of the Investment Company Act of 1940;
(b)the securities were offered at a fixed price to all purchasers in the offering (except for any rights to purchase securities that are required by law to be granted to existing security holders of the issuer);
(c)financial statements, prepared and audited as required or permitted by the appropriate foreign financial regulatory authority in such country, for the two years prior to the offering, were made available to the public and prospective purchasers in connection with the offering; and
(d)if the issuer is a “domestic issuer,” i.e., other than a foreign government, a national of any foreign country, or a corporation or other organization incorporated or organized under the laws of any foreign country, it (1) has a class of securities registered pursuant to section 12(b) or 12(g) of the Securities Exchange Act of 1934 or is required to file reports pursuant to section 15(d) of that act, and (2) has filed all the material required to be filed pursuant to section 13(a) or 15(d) of that act for a period of at least 12 months immediately preceding the sale of securities (or for such shorter period that the issuer was required to file such material)
Eligible Municipal Securities
The securities are direct obligations of, or obligations guaranteed as to principal or interest by, a State or any political subdivision thereof, or any agency or instrumentality of a State or any political subdivision thereof, or any municipal corporate instrumentality of one or more States, or any security which is an industrial development bond (as defined in section 103(c)(2) of Title 26) the interest on which is excludable from gross income under certain provisions of the Internal Revenue Code.
(a)with respect to ratings, the securities
(1)have received an investment grade rating from at least one nationally recognized statistical rating organization (“NRSRO”); or
(2)have received one of the three highest ratings from an NRSRO, if the issuer of the municipal securities, or the entity supplying the revenue or other payments from which the issue is to be paid, has been in continuous operation for less than three years, including the operation of any predecessors.
(b) The purchases of municipal securities, if any, were not designated as group sales or otherwise allocated to the account of any prohibited seller (i.e., an affiliated underwriter).
Eligible Rule 144A Offering
The securities are sold in an offering where
(a)the securities are offered or sold in transactions exempt from registration under Section 4(2) of the Securities Act of 1933, Rule 144A thereunder, or Rules 501-508 thereunder;
(b)the securities were sold to persons that the seller and any person acting on behalf of the seller reasonably believe to include qualified institutional buyers, as defined in Rule 144A (“QIBs”); and
(c)the seller and any person acting on behalf of the seller reasonably believe that the securities are eligible for resale to other QIBs pursuant to Rule 144A
Government Securities Offering
The security is issued or guaranteed as to principal or interest by the United States, or by a person controlled or supervised by and acting as an instrumentality of the Government of the United States pursuant to authority granted by the Congress of the United States; or any certificate of deposit for any of the foregoing
U.S. Registered Public Offering.
The securities offered are registered under the Securities Act of 1933 that are being offered to the public.


 
 
 

EX-99.77O RULE 10F-3 5 ballcorp.htm Unassociated Document
 
 
 


 
Participating Funds
 
n U.S. Registered Funds (Name of Fund, Aladdin Ticker):
AST BlackRock Global Strategies Portfolio - US High Yield   (PRU-AA-HY)
BlackRock Debt Strategies Fund, Inc.   (DSU)
BlackRock High Yield Bond Portfolio   (BR-HIYLD)
BlackRock High Yield Portfolio (Ins - Series)   (BVA-HI)
BlackRock High Yield V.I. Fund   (BVA-HY)
BlackRock Limited Duration Income Trust   (BLW)
BlackRock Senior High Income Fund, Inc.   (ARK)
CoreAlpha Bond Master Portfolio   (MIP_CORA)
iShares iBoxx $ High Yield Corporate Bond Fund   (ISHHYLD)
MIST BlackRock High Yield Portfolio   (MIST-HY)
 
 
 
The Offering
 
 
Key Characteristics (Complete ALL Fields)
Date of
Offering Commencement:
02-24-2012
Security Type:
BND/CORP

Issuer
Ball Corporation
Selling Underwriter
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Affiliated Underwriter(s)
 PNC
 Other:
List of Underwriter(s)
Merrill Lynch Pierce Fenner & Smith Incorporated, Goldman Sachs & Co.,
J.P. Morgan Securities LLC, Deutsche Bank Securities LLC, Barclays Capital Inc.
Wells Fargo Securities LLC, RBS Securities Inc., KeyBanc Capital Markets Inc.,
BNP Paribas Securities Corp., U.S. Bancorp Investments Inc., Rabo Securities USA Inc.,
PNC Capital Markets LLC, SMBC Nikko Securities Inc., ANZ Securities Inc.,
UniCredit Capital Markets LLC
 
 
 
Transaction Details
Date of Purchase
02-24-2012

Purchase Price/Share
(per share / % of par)
$100.00
Total Commission, Spread or Profit
1.375%







1. Aggregate Principal Amount Purchased (a+b)
50,000,000
a.US Registered Funds
(Appendix attached with individual Fund/Client purchase)
28,730,000
b.Other BlackRock Clients
21,270,000
 
2. Aggregate Principal Amount of Offering
 
750,000,000
Fund Ratio
[Divide Sum of #1 by #2]
Must be less than 0.25
(unless securities are Government Securities)
0.0667



 
 Page  of 2
 
 
 
Rule 10f-3 Report – Definitions
 

 
Legal Requirements
 
 
Offering Type (check ONE)
The securities fall into one of the following transaction types (see Definitions):
 
U.S. Registered Public Offering[Issuer must have 3 years of continuous operations]
 
Eligible Rule 144A Offering[Issuer must have 3 years of continuous operations]
 
Eligible Municipal Securities[Issuer must have 3 years of continuous operations]
 
Eligible Foreign Offering[Issuer must have 3 years of continuous operations]
 
Government Securities Offering
 
Timing and Price (check ONE or BOTH)
 
The securities were purchased before the end of the first day on which any sales were made, at a price that was not more than the price paid by each other purchaser of securities in that offering or in any concurrent offering of the securities; and
 
If the securities are offered for subscription upon exercise of rights, the securities were purchased on or before the fourth day before the day on which the rights offering terminated.
 
Firm Commitment Offering (check ONE)
  YES
  NO
The securities were offered pursuant to an underwriting or similar agreement under which the underwriters were committed to purchase all of the securities being offered, except those purchased by others pursuant to a rights offering, if the underwriters purchased any of the securities.
 
No Benefit to Affiliated Underwriter (check ONE)
  YES
  NO
No affiliated underwriter was a direct or indirect participant in, or benefited directly or indirectly from, the transaction.



Completed by:
         Dillip Kumar Behera
Date:
02-28-2012
 
Global Syndicate Team Member
 
 
    
Approved by:
Odette Rajwan
Date:
02/29/2012
 
Senior Global Syndicate Team Member
 
 
    

 

 
 

 


 
Definitions
 
Term
Definition
Fund Ratio
Number appearing at the bottom of page 1 of 2 of the Rule 10f-3 Report form.  It is the sum of the Funds’ participation in the offering divided by the total amount of the offering.
Eligible Foreign Offering
The securities are sold in a public offering conducted under the laws of a country other than the United States and
(a)the offering is subject to regulation in such country by a “foreign financial regulatory authority,” as defined in Section 2(a)(50) of the Investment Company Act of 1940;
(b)the securities were offered at a fixed price to all purchasers in the offering (except for any rights to purchase securities that are required by law to be granted to existing security holders of the issuer);
(c)financial statements, prepared and audited as required or permitted by the appropriate foreign financial regulatory authority in such country, for the two years prior to the offering, were made available to the public and prospective purchasers in connection with the offering; and
(d)if the issuer is a “domestic issuer,” i.e., other than a foreign government, a national of any foreign country, or a corporation or other organization incorporated or organized under the laws of any foreign country, it (1) has a class of securities registered pursuant to section 12(b) or 12(g) of the Securities Exchange Act of 1934 or is required to file reports pursuant to section 15(d) of that act, and (2) has filed all the material required to be filed pursuant to section 13(a) or 15(d) of that act for a period of at least 12 months immediately preceding the sale of securities (or for such shorter period that the issuer was required to file such material)
Eligible Municipal Securities
The securities are direct obligations of, or obligations guaranteed as to principal or interest by, a State or any political subdivision thereof, or any agency or instrumentality of a State or any political subdivision thereof, or any municipal corporate instrumentality of one or more States, or any security which is an industrial development bond (as defined in section 103(c)(2) of Title 26) the interest on which is excludable from gross income under certain provisions of the Internal Revenue Code.
(a)with respect to ratings, the securities
(1)have received an investment grade rating from at least one nationally recognized statistical rating organization (“NRSRO”); or
(2)have received one of the three highest ratings from an NRSRO, if the issuer of the municipal securities, or the entity supplying the revenue or other payments from which the issue is to be paid, has been in continuous operation for less than three years, including the operation of any predecessors.
(b) The purchases of municipal securities, if any, were not designated as group sales or otherwise allocated to the account of any prohibited seller (i.e., an affiliated underwriter).
Eligible Rule 144A Offering
The securities are sold in an offering where
(a)the securities are offered or sold in transactions exempt from registration under Section 4(2) of the Securities Act of 1933, Rule 144A thereunder, or Rules 501-508 thereunder;
(b)the securities were sold to persons that the seller and any person acting on behalf of the seller reasonably believe to include qualified institutional buyers, as defined in Rule 144A (“QIBs”); and
(c)the seller and any person acting on behalf of the seller reasonably believe that the securities are eligible for resale to other QIBs pursuant to Rule 144A
Government Securities Offering
The security is issued or guaranteed as to principal or interest by the United States, or by a person controlled or supervised by and acting as an instrumentality of the Government of the United States pursuant to authority granted by the Congress of the United States; or any certificate of deposit for any of the foregoing
U.S. Registered Public Offering.
The securities offered are registered under the Securities Act of 1933 that are being offered to the public.


 
 
 

EX-99.77O RULE 10F-3 6 hollyenergy.htm Unassociated Document
 
 
 


 
Participating Funds
 
n U.S. Registered Funds (Name of Fund, Aladdin Ticker):
AST BlackRock Global Strategies Portfolio - US High Yield(PRU-AA-HY)
BlackRock Corporate High Yield Fund, Inc.( COY)
BlackRock Corporate High Yield Fund III, Inc.( CYE)
BlackRock Corporate High Yield Fund V, Inc.( HYV)
BlackRock Corporate High Yield Fund VI, Inc.( HYT)
BlackRock Debt Strategies Fund, Inc. (DSU)
BlackRock High Yield Bond Portfolio (BR-HIYLD)
BlackRock High Yield Portfolio (Ins - Series)( BVA-HI)
BlackRock High Yield Trust (BHY)
BlackRock High Yield V.I. Fund(BVA-HY)
BlackRock Limited Duration Income Trust (BLW)
BlackRock Senior High Income Fund, Inc.( ARK)
BlackRock Strategic Income Opportunities Portfolio(BR-SIP)
MIST BlackRock High Yield Portfolio(MIST-HY)
 
 
 
 
The Offering
 
 
Key Characteristics (Complete ALL Fields)
Date of
Offering Commencement:
02-28-2012
Security Type:
BND/CORP

Issuer
HOLLY ENERGY PARTNERS L.P. 2020
Selling Underwriter
CITIGROUP GLOBAL MARKETS INC.
Affiliated Underwriter(s)
 PNC
 Other:
List of Underwriter(s)
 
 
Citigroup Global Markets Inc., UBS Securities LLC, Wells Fargo Securities, LLC, Banco Bilbao Vizcaya Argentaria, S.A., Capital One Southcoast, Inc., Comerica Securities, Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Goldman, Sachs & Co., Lloyds Securities Inc., Mitsubishi UFJ Securities (USA), Inc., Morgan Stanley & Co., LLC, Natixis Securities Americas LLC, PNC Capital Markets LLC, RB International Markets (USA) LLC, SMBC Nikko Capital Markets Limited, SunTrust Robinson Humphrey, Inc., TD Securities (USA) LLC, U.S. Bancorp Investments, Inc.
 
 
Transaction Details
Date of Purchase
02-28-2012

Purchase Price/Share
(per share / % of par)
$100
Total Commission, Spread or Profit
1.75%

1. Aggregate Principal Amount Purchased (a+b)
15,000,000
a.US Registered Funds
(Appendix attached with individual Fund/Client purchase)
6,910,000
b.Other BlackRock Clients
8,090,000
 
2. Aggregate Principal Amount of Offering
 
300,000,000
Fund Ratio
[Divide Sum of #1 by #2]
Must be less than 0.25
(unless securities are Government Securities)
0.0500


 
 
 

 
Legal Requirements
 
 
Offering Type (check ONE)
The securities fall into one of the following transaction types (see Definitions):
 
U.S. Registered Public Offering[Issuer must have 3 years of continuous operations]
 
Eligible Rule 144A Offering[Issuer must have 3 years of continuous operations]
 
Eligible Municipal Securities[Issuer must have 3 years of continuous operations]
 
Eligible Foreign Offering[Issuer must have 3 years of continuous operations]
 
Government Securities Offering
 
Timing and Price (check ONE or BOTH)
 
The securities were purchased before the end of the first day on which any sales were made, at a price that was not more than the price paid by each other purchaser of securities in that offering or in any concurrent offering of the securities; and
 
If the securities are offered for subscription upon exercise of rights, the securities were purchased on or before the fourth day before the day on which the rights offering terminated.
 
Firm Commitment Offering (check ONE)
  YES
  NO
The securities were offered pursuant to an underwriting or similar agreement under which the underwriters were committed to purchase all of the securities being offered, except those purchased by others pursuant to a rights offering, if the underwriters purchased any of the securities.
 
No Benefit to Affiliated Underwriter (check ONE)
  YES
  NO
No affiliated underwriter was a direct or indirect participant in, or benefited directly or indirectly from, the transaction.



Completed by:
        ABHISHEK ANCHAL
Date:
03/02/12
 
Global Syndicate Team Member
 
 
    
Approved by:
Odette Rajwan
Date:
04/04/2012
 
Senior Global Syndicate Team Member
 
 
    

 

 
 

 


 
Definitions
 
Term
Definition
Fund Ratio
Number appearing at the bottom of page 1 of 2 of the Rule 10f-3 Report form.  It is the sum of the Funds’ participation in the offering divided by the total amount of the offering.
Eligible Foreign Offering
The securities are sold in a public offering conducted under the laws of a country other than the United States and
(a)the offering is subject to regulation in such country by a “foreign financial regulatory authority,” as defined in Section 2(a)(50) of the Investment Company Act of 1940;
(b)the securities were offered at a fixed price to all purchasers in the offering (except for any rights to purchase securities that are required by law to be granted to existing security holders of the issuer);
(c)financial statements, prepared and audited as required or permitted by the appropriate foreign financial regulatory authority in such country, for the two years prior to the offering, were made available to the public and prospective purchasers in connection with the offering; and
(d)if the issuer is a “domestic issuer,” i.e., other than a foreign government, a national of any foreign country, or a corporation or other organization incorporated or organized under the laws of any foreign country, it (1) has a class of securities registered pursuant to section 12(b) or 12(g) of the Securities Exchange Act of 1934 or is required to file reports pursuant to section 15(d) of that act, and (2) has filed all the material required to be filed pursuant to section 13(a) or 15(d) of that act for a period of at least 12 months immediately preceding the sale of securities (or for such shorter period that the issuer was required to file such material)
Eligible Municipal Securities
The securities are direct obligations of, or obligations guaranteed as to principal or interest by, a State or any political subdivision thereof, or any agency or instrumentality of a State or any political subdivision thereof, or any municipal corporate instrumentality of one or more States, or any security which is an industrial development bond (as defined in section 103(c)(2) of Title 26) the interest on which is excludable from gross income under certain provisions of the Internal Revenue Code.
(a)with respect to ratings, the securities
(1)have received an investment grade rating from at least one nationally recognized statistical rating organization (“NRSRO”); or
(2)have received one of the three highest ratings from an NRSRO, if the issuer of the municipal securities, or the entity supplying the revenue or other payments from which the issue is to be paid, has been in continuous operation for less than three years, including the operation of any predecessors.
(b) The purchases of municipal securities, if any, were not designated as group sales or otherwise allocated to the account of any prohibited seller (i.e., an affiliated underwriter).
Eligible Rule 144A Offering
The securities are sold in an offering where
(a)the securities are offered or sold in transactions exempt from registration under Section 4(2) of the Securities Act of 1933, Rule 144A thereunder, or Rules 501-508 thereunder;
(b)the securities were sold to persons that the seller and any person acting on behalf of the seller reasonably believe to include qualified institutional buyers, as defined in Rule 144A (“QIBs”); and
(c)the seller and any person acting on behalf of the seller reasonably believe that the securities are eligible for resale to other QIBs pursuant to Rule 144A
Government Securities Offering
The security is issued or guaranteed as to principal or interest by the United States, or by a person controlled or supervised by and acting as an instrumentality of the Government of the United States pursuant to authority granted by the Congress of the United States; or any certificate of deposit for any of the foregoing
U.S. Registered Public Offering.
The securities offered are registered under the Securities Act of 1933 that are being offered to the public.

 
 
 

EX-99.77O RULE 10F-3 7 ironmountain.htm Unassociated Document
 
 
 


 
Participating Funds
 
n U.S. Registered Funds (Name of Fund, Aladdin Ticker):
BlackRock High Yield Trust (BHY)
BlackRock High Income Portfolio (Ins - Series)(BVA-HI)
BlackRock Credit Allocation Income Trust I, Inc.(PSW)
BlackRock High Income Shares (HIS)
BlackRock Credit Allocation Income Trust III(BPP)
BlackRock High Income V.I. Fund (Ins - Var Ser)(BVA-HY)
AST BlackRock Global Strategies Portfolio - US High Yield(PRU-AA-HY)
BlackRock Senior High Income Fund, Inc.(ARK)
BlackRock Corporate High Yield Fund, Inc.(COY)
BlackRock Corporate High Yield Fund III, Inc.(CYE)
BlackRock Credit Allocation Income Trust II, Inc.(PSY)
BlackRock Corporate High Yield Fund V, Inc.(HYV)
BlackRock Corporate High Yield Fund VI, Inc.(HYT)
BlackRock Debt Strategies Fund, Inc.(DSU)
BlackRock Credit Allocation Income Trust IV - Preferred Sleeve(BTZ-PREF)
BlackRock Limited Duration Income Trust(BLW)
MIST BlackRock High Yield Portfolio(MIST-HY)
BlackRock High Yield Bond Portfolio (BR-HIYLD)
 
The Offering
 
 
Key Characteristics (Complete ALL Fields)
Date of
Offering Commencement:
09/20/2011
Security Type:
Bond/Corp

Issuer
Iron Mountain Incorporated
Selling Underwriter
J.P. Morgan Securities LLC
Affiliated Underwriter(s)
PNC Capital Markets LLC
List of Underwriter(s)
J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Barclays Capital Inc., Merrill Lynch,
Pierce, Fenner & Smith Incorporated, HSBC Securities (USA)Inc., RBS Securities Inc.,
Scotia Capital (USA) Inc., Credit Agricole Securities (USA) Inc., PNC Capital Markets LLC, TD Securities (USA)LLC, Wells Fargo Securities, LLC
 
 
Transaction Details
Date of Purchase
09/20/2011

Purchase Price/Share
(per share / % of par)
$100
Total Commission, Spread or Profit
1.50

1. Aggregate Principal Amount Purchased (a+b)
$25,000,000
a.US Registered Funds
(Appendix attached with individual Fund/Client purchase)
$11,860,000
b.Other BlackRock Clients
$13,140,000
 
2. Aggregate Principal Amount of Offering
 
$400,000,000
Fund Ratio
[Divide Sum of #1 by #2]
Must be less than 0.25
(unless securities are Government Securities)
0.0625



 
 Page  of 2
 
 
 
Rule 10f-3 Report – Definitions
 

 
Legal Requirements
 
 
Offering Type (check ONE)
The securities fall into one of the following transaction types (see Definitions):
 
U.S. Registered Public Offering[Issuer must have 3 years of continuous operations]
 
Eligible Rule 144A Offering[Issuer must have 3 years of continuous operations]
 
Eligible Municipal Securities[Issuer must have 3 years of continuous operations]
 
Eligible Foreign Offering[Issuer must have 3 years of continuous operations]
 
Government Securities Offering
 
Timing and Price (check ONE or BOTH)
 
The securities were purchased before the end of the first day on which any sales were made, at a price that was not more than the price paid by each other purchaser of securities in that offering or in any concurrent offering of the securities; and
 
If the securities are offered for subscription upon exercise of rights, the securities were purchased on or before the fourth day before the day on which the rights offering terminated.
 
Firm Commitment Offering (check ONE)
  YES
  NO
The securities were offered pursuant to an underwriting or similar agreement under which the underwriters were committed to purchase all of the securities being offered, except those purchased by others pursuant to a rights offering, if the underwriters purchased any of the securities.
 
No Benefit to Affiliated Underwriter (check ONE)
  YES
  NO
No affiliated underwriter was a direct or indirect participant in, or benefited directly or indirectly from, the transaction.



Completed by:
Abhishek Anchal
Date:
09/22/2011
 
Global Syndicate Team Member
 
 
    
Approved by:
David Lim & Odette Rajwan
Date:
9/22/2011
 
Senior
Global Syndicate Team Member
 
 
    

 

 
 

 


 
Definitions
 
Term
Definition
Fund Ratio
Number appearing at the bottom of page 1 of 2 of the Rule 10f-3 Report form.  It is the sum of the Funds’ participation in the offering divided by the total amount of the offering.
Eligible Foreign Offering
The securities are sold in a public offering conducted under the laws of a country other than the United States and
(a)the offering is subject to regulation in such country by a “foreign financial regulatory authority,” as defined in Section 2(a)(50) of the Investment Company Act of 1940;
(b)the securities were offered at a fixed price to all purchasers in the offering (except for any rights to purchase securities that are required by law to be granted to existing security holders of the issuer);
(c)financial statements, prepared and audited as required or permitted by the appropriate foreign financial regulatory authority in such country, for the two years prior to the offering, were made available to the public and prospective purchasers in connection with the offering; and
(d)if the issuer is a “domestic issuer,” i.e., other than a foreign government, a national of any foreign country, or a corporation or other organization incorporated or organized under the laws of any foreign country, it (1) has a class of securities registered pursuant to section 12(b) or 12(g) of the Securities Exchange Act of 1934 or is required to file reports pursuant to section 15(d) of that act, and (2) has filed all the material required to be filed pursuant to section 13(a) or 15(d) of that act for a period of at least 12 months immediately preceding the sale of securities (or for such shorter period that the issuer was required to file such material)
Eligible Municipal Securities
The securities are direct obligations of, or obligations guaranteed as to principal or interest by, a State or any political subdivision thereof, or any agency or instrumentality of a State or any political subdivision thereof, or any municipal corporate instrumentality of one or more States, or any security which is an industrial development bond (as defined in section 103(c)(2) of Title 26) the interest on which is excludable from gross income under certain provisions of the Internal Revenue Code.
(a)with respect to ratings, the securities
(1)have received an investment grade rating from at least one nationally recognized statistical rating organization (“NRSRO”); or
(2)have received one of the three highest ratings from an NRSRO, if the issuer of the municipal securities, or the entity supplying the revenue or other payments from which the issue is to be paid, has been in continuous operation for less than three years, including the operation of any predecessors.
(b) The purchases of municipal securities, if any, were not designated as group sales or otherwise allocated to the account of any prohibited seller (i.e., an affiliated underwriter).
Eligible Rule 144A Offering
The securities are sold in an offering where
(a)the securities are offered or sold in transactions exempt from registration under Section 4(2) of the Securities Act of 1933, Rule 144A thereunder, or Rules 501-508 thereunder;
(b)the securities were sold to persons that the seller and any person acting on behalf of the seller reasonably believe to include qualified institutional buyers, as defined in Rule 144A (“QIBs”); and
(c)the seller and any person acting on behalf of the seller reasonably believe that the securities are eligible for resale to other QIBs pursuant to Rule 144A
Government Securities Offering
The security is issued or guaranteed as to principal or interest by the United States, or by a person controlled or supervised by and acting as an instrumentality of the Government of the United States pursuant to authority granted by the Congress of the United States; or any certificate of deposit for any of the foregoing
U.S. Registered Public Offering.
The securities offered are registered under the Securities Act of 1933 that are being offered to the public.


 
 
 

EX-99.77O RULE 10F-3 8 jmcsteel.htm Unassociated Document
 
 
 

FORM 10f-3

THE BLACKROCK FUNDS
 
 
Record of Securities Purchased
Under the Trust’s Rule 10f-3 Procedures

1.
Name of Purchasing Portfolio:  BlackRock Senior High Income Fund, Inc. (ARK), Managed Account Series: High Income Portfolio (BATS-HINC), BlackRock Strategic Bond Trust (BHD), BlackRock High Yield Trust (BHY), BlackRock Limited Duration Income Trust (BLW), BlackRock Credit Allocation Income Trust III (BPP), BlackRock High Income Fund (BR-HIINC), BlackRock High Yield Bond Portfolio (BR-HIYLD),  BlackRock Preferred and Equity Advantage Trust - Preferred Sleeve (BTZ-PREF), BlackRock High Income Portfolio (Ins - Series) (BVA-HI),  BlackRock High Income V.I. Fund (Ins - Var Ser) (BVA-HY), BlackRock Corporate High Yield Fund, Inc. (COY), BlackRock Corporate High Yield Fund III, Inc. (CYE), BlackRock Debt Strategies Fund, Inc.(DSU), BlackRock High Income Shares (HIS), BlackRock Corporate High Yield Fund VI, Inc. (HYT), BlackRock Corporate High Yield Fund V, Inc. (HYV), MIST BlackRock High Yield Portfolio (MIST-HY), BlackRock Credit Allocation Income Trust I, Inc. (PSW), BlackRock Credit Allocation Income Trust II, Inc. (PSY)
2.           Issuer:    JMC Steel Group, Inc.

3.           Date of Purchase:  03/04/11
4.           Underwriter from whom purchased:  J.P. Morgan Securities LLC
5.
Name of Affiliated Underwriter (as defined in the Trust’s procedures) managing or participating in syndicate: PNC Capital Markets LLC

a.  
List Members of Underwriting Syndicate: J.P. Morgan Securities LLC, Wells Fargo Securities, LLC, PNC Capital Markets LLC

6.
Aggregate principal amount purchased (out of total offering) (if an equity offering, list aggregate number of shares purchased (out of total number of shares offered)): (ARK) $425,000 out of $725,000,000; (BATS-HINC) $235,000 out of $725,000,000; (BHD) $180,000 out of $725,000,000; (BHY) $85,000 out of $725,000,000; (BLW) $1,150,000 out of $725,000,000; (BPP) $200,000 out of $725,000,000; (BR-HIINC) $1,900,000 out of $725,000,000; (BR-HIYLD) $7,205,000 out of $725,000,000; (BTZ-PREF) $690,000 out of $725,000,000; (BVA-HI) $100,000 out of $725,000,000; (BVA-HY) $245,000 out of $725,000,000; (COY) $460,000 out of $725,000,000; (CYE) $500,000 out of $725,000,000; (DSU) $820,000 out of $725,000,000; (HIS) $225,000 out of $725,000,000; (HYT) $775,000 out of $725,000,000; (HYV) $740,000 out of $725,000,000; (MIST-HY) $1,725,000 out of $725,000,000; (PSW) $95,000 out of $725,000,000; (PSY) $415,000 out of $725,000,000

7.
Aggregate principal amount purchased by funds advised by BlackRock and any purchases by other accounts with respect to which BlackRock has investment discretion (out of the total offering) (if an equity offering, list aggregate number of shares purchased (out of total number of shares offered)): $40,000,000 out of $725,000,000

8.
Purchase price (net of fees and expenses):  $100.00
9.
Date offering commenced (if different from Date of Purchase):
10.
Offering price at end of first day on which any sales were made:
11.           Have the following conditions been satisfied:                                                                                     Yes           No
a.           The securities are part of an issue registered under
the Securities Act of 1933, as amended, which
is being offered to the public, or are Eligible Municipal
Securities, or are securities sold in an                                                                 Eligible Foreign
Offering or are securities sold in an Eligible Rule 144A
Offering or part of an issue of government
securities.                                                                           _X____

b.           The securities were purchased prior to the
end of the first day on which any sales
were made, at a price that was not more
than the price paid by each other
purchaser of securities in that offering
or in any concurrent offering of the
securities (except, in the case of an
Eligible Foreign Offering, for any rights
to purchase required by laws to be granted
to existing security holders of the
Issuer) or, if a rights offering, the
securities were purchased on or before the
fourth day preceding the day on which the
rights offering terminated.                                                                           _X___

c.           The underwriting was a firm commitment
underwriting.                                                                                     _X___

d.           The commission, spread or profit was
reasonable and fair in relation to that
being received by others for underwriting
similar securities during the same period.                                                                                     _X___

e.           In respect of any securities other than
Eligible Municipal Securities, the issuer
of such securities has been in continuous
operation for not less than three years
(including the operations of predecessors).                                                                                     _X____

f.  
Has the affiliated underwriter confirmed
that it will not receive any direct or indirect
benefit as a result of BlackRock's participation
in the offering?                                                                           _X____


Completed by: ____Yesenia Peluso______   Date:   _____04/08/2011___________

Approved by: ____Odette Rajwan________ Date: _____04/13/2011______

 
 
 

EX-99.77O RULE 10F-3 9 peabody2021.htm Unassociated Document
 
 
 


 
Participating Funds
 
n U.S. Registered Funds (Name of Fund, Aladdin Ticker):
AST BlackRock Global Strategies Portfolio - US High Yield (PRU-AA-HY)
BlackRock Asset Allocation Portfolio (Fixed Income) (BR_AA_FI)
BlackRock Balanced Capital Portfolio (FI) (Ins - Series) (BCS_F)
BlackRock Balanced Capital VI Fund (FI) (BVI_F)
BlackRock Core Bond Trust (BHK)
BlackRock Corporate High Yield Fund III, Inc. (CYE)
BlackRock Corporate High Yield Fund V, Inc. (HYV)
BlackRock Corporate High Yield Fund VI, Inc. ( HYT)
BlackRock Corporate High Yield Fund, Inc. (COY)
BlackRock Credit Allocation Income Trust I, Inc. (PSW)
BlackRock Credit Allocation Income Trust II, Inc. (PSY)
BlackRock Credit Allocation Income Trust III (BPP)
BlackRock Credit Allocation Income Trust IV - Preferred Sleeve (BTZ-PREF)
BlackRock Debt Strategies Fund, Inc. (DSU)
BlackRock High Income Shares (HIS)
BlackRock High Yield Bond Portfolio (BR-HIYLD)
BlackRock High Yield Portfolio (Ins - Series) (BVA-HI)
BlackRock High Yield Trust (BHY)
BlackRock High Yield V.I. Fund (BVA-HY)
BlackRock Income Opportunity Trust (BNA-USD)
BlackRock Limited Duration Income Trust (BLW)
BlackRock Senior High Income Fund, Inc. (ARK)
BlackRock Strategic Bond Trust (BHD)
BlackRock Strategic Income Opportunities Portfolio (BR-SIP)
BlackRock Total Return Portfolio (Ins - Series) (BVA-TR)
BlackRock Total Return V.I. Portfolio (Ins - Var Ser) (BVA-BF)
iShares iBoxx $ High Yield Corporate Bond Fund (ISHHYLD)
Master Total Return Portfolio (MF-BOND)
Metropolitan Series BlackRock Bond Income Portfolio (MET-BI)
Metropolitan Series BlackRock Diversified Portfolio (Core Bond) (METD_B)
MIST BlackRock High Yield Portfolio (MIST-HY)
Transamerica Multi-Managed Balanced Portfolio (TA-CORE)
Transamerica Multi-Managed Balanced Portfolio VP (TAP-CORE)
Transamerica Partners Balanced Portfolio (TRANS-CORE)
Transamerica Partners Core Bond (DIA-CORE)
 
 
The Offering
 
 
Key Characteristics (Complete ALL Fields)
Date of
Offering Commencement:
11-07-2011
Security Type:
BND/CORP

Issuer
Peabody Energy Corporation (2021)
Selling Underwriter
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Affiliated Underwriter(s)
PNC Capital Markets LLC
List of Underwriter(s)
Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC, UBS Securities LLC, Citigroup Global Markets Inc., HSBC Securities (USA) Inc., RBS Securities Inc., Banco Bilbao Vizcaya Argentaria, S.A., Mitsubishi UFJ Securities (USA), Inc., PNC Capital Markets LLC, Santander Investment Securities Inc., U.S. Bancorp Investments, Inc., Wells Fargo Securities, LLC, ANZ Securities, Inc., Fifth Third Securities, Inc., nabSecurities, LLC, SMBC Nikko Capital Markets Limited, Standard Chartered Bank, Westpac Banking Corporation
 
 
Transaction Details
Date of Purchase
11-07-2011

Purchase Price/Share
(per share / % of par)
$100
Total Commission, Spread or Profit
1.4895%

1. Aggregate Principal Amount Purchased (a+b)
$275,000,000
a.US Registered Funds
(Appendix attached with individual Fund/Client purchase)
$166,920,000
b.Other BlackRock Clients
$108,080,000
 
2. Aggregate Principal Amount of Offering
 
$1,500,000,000
Fund Ratio
[Divide Sum of #1 by #2]
Must be less than 0.25
(unless securities are Government Securities)
0.1833


 
 
 

 
Legal Requirements
 
 
Offering Type (check ONE)
The securities fall into one of the following transaction types (see Definitions):
 
U.S. Registered Public Offering[Issuer must have 3 years of continuous operations]
 
Eligible Rule 144A Offering[Issuer must have 3 years of continuous operations]
 
Eligible Municipal Securities[Issuer must have 3 years of continuous operations]
 
Eligible Foreign Offering[Issuer must have 3 years of continuous operations]
 
Government Securities Offering
 
Timing and Price (check ONE or BOTH)
 
The securities were purchased before the end of the first day on which any sales were made, at a price that was not more than the price paid by each other purchaser of securities in that offering or in any concurrent offering of the securities; and
 
If the securities are offered for subscription upon exercise of rights, the securities were purchased on or before the fourth day before the day on which the rights offering terminated.
 
Firm Commitment Offering (check ONE)
YES
  NO
The securities were offered pursuant to an underwriting or similar agreement under which the underwriters were committed to purchase all of the securities being offered, except those purchased by others pursuant to a rights offering, if the underwriters purchased any of the securities.
 
No Benefit to Affiliated Underwriter (check ONE)
 YES
  NO
No affiliated underwriter was a direct or indirect participant in, or benefited directly or indirectly from, the transaction.



Completed by:
Abhishek Anchal
Date:
11-03-2011
 
Global Syndicate Team Member
 
 
    
Approved by:
Odette Rajwan
Date:
11/11/2011
 
Senior Global Syndicate Team Member
 
 
    
       
 

 
 

 
 
Definitions
 
Term
Definition
Fund Ratio
Number appearing at the bottom of page 1 of 2 of the Rule 10f-3 Report form.  It is the sum of the Funds’ participation in the offering divided by the total amount of the offering.
Eligible Foreign Offering
The securities are sold in a public offering conducted under the laws of a country other than the United States and
(a)the offering is subject to regulation in such country by a “foreign financial regulatory authority,” as defined in Section 2(a)(50) of the Investment Company Act of 1940;
(b)the securities were offered at a fixed price to all purchasers in the offering (except for any rights to purchase securities that are required by law to be granted to existing security holders of the issuer);
(c)financial statements, prepared and audited as required or permitted by the appropriate foreign financial regulatory authority in such country, for the two years prior to the offering, were made available to the public and prospective purchasers in connection with the offering; and
(d)if the issuer is a “domestic issuer,” i.e., other than a foreign government, a national of any foreign country, or a corporation or other organization incorporated or organized under the laws of any foreign country, it (1) has a class of securities registered pursuant to section 12(b) or 12(g) of the Securities Exchange Act of 1934 or is required to file reports pursuant to section 15(d) of that act, and (2) has filed all the material required to be filed pursuant to section 13(a) or 15(d) of that act for a period of at least 12 months immediately preceding the sale of securities (or for such shorter period that the issuer was required to file such material)
Eligible Municipal Securities
The securities are direct obligations of, or obligations guaranteed as to principal or interest by, a State or any political subdivision thereof, or any agency or instrumentality of a State or any political subdivision thereof, or any municipal corporate instrumentality of one or more States, or any security which is an industrial development bond (as defined in section 103(c)(2) of Title 26) the interest on which is excludable from gross income under certain provisions of the Internal Revenue Code.
(a)with respect to ratings, the securities
(1)have received an investment grade rating from at least one nationally recognized statistical rating organization (“NRSRO”); or
(2)have received one of the three highest ratings from an NRSRO, if the issuer of the municipal securities, or the entity supplying the revenue or other payments from which the issue is to be paid, has been in continuous operation for less than three years, including the operation of any predecessors.
(b) The purchases of municipal securities, if any, were not designated as group sales or otherwise allocated to the account of any prohibited seller (i.e., an affiliated underwriter).
Eligible Rule 144A Offering
The securities are sold in an offering where
(a)the securities are offered or sold in transactions exempt from registration under Section 4(2) of the Securities Act of 1933, Rule 144A thereunder, or Rules 501-508 thereunder;
(b)the securities were sold to persons that the seller and any person acting on behalf of the seller reasonably believe to include qualified institutional buyers, as defined in Rule 144A (“QIBs”); and
(c)the seller and any person acting on behalf of the seller reasonably believe that the securities are eligible for resale to other QIBs pursuant to Rule 144A
Government Securities Offering
The security is issued or guaranteed as to principal or interest by the United States, or by a person controlled or supervised by and acting as an instrumentality of the Government of the United States pursuant to authority granted by the Congress of the United States; or any certificate of deposit for any of the foregoing
U.S. Registered Public Offering.
The securities offered are registered under the Securities Act of 1933 that are being offered to the public.

 
 
 

EX-99.77O RULE 10F-3 10 rrdonnelley.htm Unassociated Document
 
 
 


 
Participating Funds
 
n U.S. Registered Funds (Name of Fund, Aladdin Ticker):
AST BlackRock Global Strategies Portfolio - US High Yield(PRU-AA-HY)
BlackRock Debt Strategies Fund, Inc. (DSU)
BlackRock High Yield Bond Portfolio(BR-HIYLD)
BlackRock High Yield Portfolio (Ins - Series)( BVA-HI)
BlackRock High Yield V.I. Fund(BVA-HY)
BlackRock Limited Duration Income Trust(BLW)
BlackRock Senior High Income Fund, Inc.( ARK)
       iShares iBoxx $ High Yield Corporate Bond Fund(ISHHYLD)
MIST BlackRock High Yield Portfolio(MIST-HY)
 
 
 
The Offering
 
 
Key Characteristics (Complete ALL Fields)
Date of
Offering Commencement:
02-28-2012
Security Type:
BND/CORP

Issuer
RR DONNELLEY & SONS CO 2019
Selling Underwriter
Merrill Lynch,Pierce,Fenner & Smith Incorporated
Affiliated Underwriter(s)
 PNC
 Other:
List of Underwriter(s)
    Merrill Lynch,Pierce,Fenner & Smith Incorporated, J.P. Morgan Securities LLC, Wells Fargo Securities, LLC, Citigroup Global Markets Inc., Mitsubishi UFJ Securities (USA),Inc.,U.S. Bancorp Investments, Inc., ING Financial Markets LLC, Scotia Capital (USA) Inc., Fifth Third Securities,
    Inc., PNC Capital Markets LLC, TD Securities (USA) LLC, Evercore Group L.L.C.
 
 
Transaction Details
Date of Purchase
02-28-2012

Purchase Price/Share
(per share / % of par)
$100
Total Commission, Spread or Profit
1.50%

1. Aggregate Principal Amount Purchased (a+b)
20,000,000
a.US Registered Funds
(Appendix attached with individual Fund/Client purchase)
9,365,000
b.Other BlackRock Clients
10,635,000
 
2. Aggregate Principal Amount of Offering
 
450,000,000
Fund Ratio
[Divide Sum of #1 by #2]
Must be less than 0.25
(unless securities are Government Securities)
0.0444


 
 
 

 
Legal Requirements
 
 
Offering Type (check ONE)
The securities fall into one of the following transaction types (see Definitions):
 
U.S. Registered Public Offering[Issuer must have 3 years of continuous operations]
 
Eligible Rule 144A Offering[Issuer must have 3 years of continuous operations]
 
Eligible Municipal Securities[Issuer must have 3 years of continuous operations]
 
Eligible Foreign Offering[Issuer must have 3 years of continuous operations]
 
Government Securities Offering
 
Timing and Price (check ONE or BOTH)
 
The securities were purchased before the end of the first day on which any sales were made, at a price that was not more than the price paid by each other purchaser of securities in that offering or in any concurrent offering of the securities; and
 
If the securities are offered for subscription upon exercise of rights, the securities were purchased on or before the fourth day before the day on which the rights offering terminated.
 
Firm Commitment Offering (check ONE)
  YES
  NO
The securities were offered pursuant to an underwriting or similar agreement under which the underwriters were committed to purchase all of the securities being offered, except those purchased by others pursuant to a rights offering, if the underwriters purchased any of the securities.
 
No Benefit to Affiliated Underwriter (check ONE)
  YES
  NO
No affiliated underwriter was a direct or indirect participant in, or benefited directly or indirectly from, the transaction.



Completed by:
        ABHISHEK ANCHAL
Date:
03/02/12
 
Global Syndicate Team Member
 
 
    
Approved by:
Odette Rajwan
Date:
03/09/2012
 
Senior Global Syndicate Team Member
 
 
    

 

 
 

 


 
Definitions
 
Term
Definition
Fund Ratio
Number appearing at the bottom of page 1 of 2 of the Rule 10f-3 Report form.  It is the sum of the Funds’ participation in the offering divided by the total amount of the offering.
Eligible Foreign Offering
The securities are sold in a public offering conducted under the laws of a country other than the United States and
(a)the offering is subject to regulation in such country by a “foreign financial regulatory authority,” as defined in Section 2(a)(50) of the Investment Company Act of 1940;
(b)the securities were offered at a fixed price to all purchasers in the offering (except for any rights to purchase securities that are required by law to be granted to existing security holders of the issuer);
(c)financial statements, prepared and audited as required or permitted by the appropriate foreign financial regulatory authority in such country, for the two years prior to the offering, were made available to the public and prospective purchasers in connection with the offering; and
(d)if the issuer is a “domestic issuer,” i.e., other than a foreign government, a national of any foreign country, or a corporation or other organization incorporated or organized under the laws of any foreign country, it (1) has a class of securities registered pursuant to section 12(b) or 12(g) of the Securities Exchange Act of 1934 or is required to file reports pursuant to section 15(d) of that act, and (2) has filed all the material required to be filed pursuant to section 13(a) or 15(d) of that act for a period of at least 12 months immediately preceding the sale of securities (or for such shorter period that the issuer was required to file such material)
Eligible Municipal Securities
The securities are direct obligations of, or obligations guaranteed as to principal or interest by, a State or any political subdivision thereof, or any agency or instrumentality of a State or any political subdivision thereof, or any municipal corporate instrumentality of one or more States, or any security which is an industrial development bond (as defined in section 103(c)(2) of Title 26) the interest on which is excludable from gross income under certain provisions of the Internal Revenue Code.
(a)with respect to ratings, the securities
(1)have received an investment grade rating from at least one nationally recognized statistical rating organization (“NRSRO”); or
(2)have received one of the three highest ratings from an NRSRO, if the issuer of the municipal securities, or the entity supplying the revenue or other payments from which the issue is to be paid, has been in continuous operation for less than three years, including the operation of any predecessors.
(b) The purchases of municipal securities, if any, were not designated as group sales or otherwise allocated to the account of any prohibited seller (i.e., an affiliated underwriter).
Eligible Rule 144A Offering
The securities are sold in an offering where
(a)the securities are offered or sold in transactions exempt from registration under Section 4(2) of the Securities Act of 1933, Rule 144A thereunder, or Rules 501-508 thereunder;
(b)the securities were sold to persons that the seller and any person acting on behalf of the seller reasonably believe to include qualified institutional buyers, as defined in Rule 144A (“QIBs”); and
(c)the seller and any person acting on behalf of the seller reasonably believe that the securities are eligible for resale to other QIBs pursuant to Rule 144A
Government Securities Offering
The security is issued or guaranteed as to principal or interest by the United States, or by a person controlled or supervised by and acting as an instrumentality of the Government of the United States pursuant to authority granted by the Congress of the United States; or any certificate of deposit for any of the foregoing
U.S. Registered Public Offering.
The securities offered are registered under the Securities Act of 1933 that are being offered to the public.

 
 
 

EX-99.77O RULE 10F-3 11 unitedrefining.htm Unassociated Document
 
 
 

FORM 10f-3

THE BLACKROCK FUNDS
 
 
Record of Securities Purchased
Under the Trust’s Rule 10f-3 Procedures

1.
Name of Purchasing Portfolio:  BlackRock Senior High Income Fund, Inc. (ARK), Managed Account Series: High Income Portfolio (BATS-HINC), BlackRock Strategic Bond Trust (BHD), BlackRock High Yield Trust (BHY), BlackRock High Income Fund (BR-HIINC), BlackRock High Yield Bond Portfolio (BR-HIYLD), BlackRock High Income Portfolio (Ins - Series) (BVA-HI), BlackRock High Income V.I. Fund (Ins - Var Ser) (BVA-HY), BlackRock Corporate High Yield Fund, Inc. (COY), BlackRock Corporate High Yield Fund III, Inc. (CYE), BlackRock Debt Strategies Fund, Inc. (DSU), BlackRock High Income Shares (HIS), BlackRock Corporate High Yield Fund VI, Inc. (HYT), BlackRock Corporate High Yield Fund V, Inc. (HYV), MIST
BlackRock High Yield Portfolio (MIST-HY)
2.           Issuer:    United Refining Company

3.           Date of Purchase:  02/25/11
4.
Underwriter from whom purchased:  Credit Suisse Securities (USA) LLC
5.
Name of Affiliated Underwriter (as defined in the Trust’s procedures) managing or participating in syndicate: PNC Capital Markets LLC

a.  
List Members of Underwriting Syndicate: Credit Suisse Securities (USA) LLC, RBC Capital Markets, LLC, PNC Capital Markets LLC, Gleacher & Company Securities, Inc.

6.
Aggregate principal amount purchased (out of total offering) (if an equity offering, list aggregate number of shares purchased (out of total number of shares offered)): (ARK) $350, 000 out of $365,000,000; (BATS-HINC) $180,000 out of $365,000,000; (BHD) $150,000 out of $365,000,000; (BHY) $70,000 out of $365,000,000; (BR-HIINC) $1,600,000 out of $365,000,000; (BR-HIYLD) $5,700,000 out of $365,000,000; (BVA-HI) $75,000 out of $365,000,000; (BVA-HY) $200,000 out of $365,000,000; (COY) $400,000 out of $365,000,000; (CYE) $425,000 out of $365,000,000; (DSU) $650,000 out of $365,000,000; (HIS) $200,000 out of $365,000,000; (HYT) $625,000 out of $365,000,000; (HYV) $600,000 out of $365,000,000; (MIST-HY) $1,425,000 out of $365,000,000

7.
Aggregate principal amount purchased by funds advised by BlackRock and any purchases by other accounts with respect to which BlackRock has investment discretion (out of the total offering) (if an equity offering, list aggregate number of shares purchased (out of total number of shares offered)): $25,000,000 out of $365,000,000

8.
Purchase price (net of fees and expenses):  $96.444
9.
Date offering commenced (if different from Date of Purchase):
10.
Offering price at end of first day on which any sales were made:
11.           Have the following conditions been satisfied:                                                                                     Yes           No
a.           The securities are part of an issue registered under
the Securities Act of 1933, as amended, which
is being offered to the public, or are Eligible Municipal
Securities, or are securities sold in an                                                                 Eligible Foreign
Offering or are securities sold in an Eligible Rule 144A
Offering or part of an issue of government
securities.                                                                           _X____

b.           The securities were purchased prior to the
end of the first day on which any sales
were made, at a price that was not more
than the price paid by each other
purchaser of securities in that offering
or in any concurrent offering of the
securities (except, in the case of an
Eligible Foreign Offering, for any rights
to purchase required by laws to be granted
to existing security holders of the
Issuer) or, if a rights offering, the
securities were purchased on or before the
fourth day preceding the day on which the
rights offering terminated.                                                                           _X___

c.           The underwriting was a firm commitment
underwriting.                                                                                     _X___

d.           The commission, spread or profit was
reasonable and fair in relation to that
being received by others for underwriting
similar securities during the same period.                                                                                     _X___

e.           In respect of any securities other than
Eligible Municipal Securities, the issuer
of such securities has been in continuous
operation for not less than three years
(including the operations of predecessors).                                                                                     _X____

f.  
Has the affiliated underwriter confirmed
that it will not receive any direct or indirect
benefit as a result of BlackRock's participation
in the offering?                                                                           _X____




Completed By: _Steven DeLaura___                                                                            Date:      __03/31/11______

Reviewed By: __ Odette Rajwan________ Date:       ____03/31/2011_____


 
 
 

EX-99.77B ACCT LTTR 12 seniorhigh77b.htm Unassociated Document
 
 
 

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Shareholders and Board of Directors of BlackRock Senior High Income Fund, Inc.

In planning and performing our audit of the financial statements BlackRock Senior High Income Fund, Inc. (the “Fund”) as of and for the year ended February 29, 2012, in accordance with the standards of the Public Company Accounting Oversight Board (United States), we considered the Fund’s internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-SAR, but not for the purpose of expressing an opinion on the effectiveness of the Fund’s internal control over financial reporting. Accordingly, we express no such opinion.

The management of the Fund is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A company's internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company's internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of a company's assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions or that the degree of compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company's annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Fund’s internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the Public Company Accounting Oversight Board (United States). However, we noted no deficiencies in the Fund’s internal control over financial reporting and its operation, including controls for safeguarding securities, that we consider to be a material weakness, as defined above, as of February 29, 2012.

This report is intended solely for the information and use of management and the Board of Directors of BlackRock Senior High Income Fund, Inc. and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.

Deloitte & Touche LLP

Boston, Massachusetts
April 27, 2012