Michael Castellano - Blackrock Corporate Independent Trustee

HYT Fund  USD 9.93  0.07  0.71%   
Michael Castellano is Fund Manager at Blackrock Corporate High
Mr. Michael J. Castellano is Independent Trustee of the Company. He is Chief Financial Officer of Lazard Group LLC from 2001 to 2011 Chief Financial Officer of Lazard Ltd from 2004 to 2011 Director, Support Our Aging Religious from 2009 to June 2015 Director, National Advisory Board of Church Management at Villanova University since 2010 Trustee, Domestic Church Media Foundation since 2012 Director, CircleBlack Inc. since 2015.
Age 75
Tenure 13 years
Phone212 810 5300
Webhttps://www.blackrock.com/investing/products/240182/blackrock-corporate-high-yield-fund-vi-inc-usd-fund

Blackrock Corporate Management Performance (%)

The company has Return on Asset of 3.1 % which means that on every $100 spent on assets, it made $3.1 of profit. This is considered to be average in the sector. In the same way, it shows a return on shareholders' equity (ROE) of (17.53) %, meaning that it generated no profit with money invested by stockholders. Blackrock Corporate's management efficiency ratios could be used to measure how well Blackrock Corporate manages its routine affairs as well as how well it operates its assets and liabilities.
Blackrock Corporate High has 494 M in debt with debt to equity (D/E) ratio of 0.43, which is OK given its current industry classification. Blackrock Corporate High has a current ratio of 0.13, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Blackrock Corporate until it has trouble settling it off, either with new capital or with free cash flow. So, Blackrock Corporate's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Blackrock Corporate High sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for BlackRock to invest in growth at high rates of return. When we think about Blackrock Corporate's use of debt, we should always consider it together with cash and equity.

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BlackRock Corporate High Yield Fund, Inc. is a close ended fixed income mutual fund launched by BlackRock, Inc. BlackRock Corporate High Yield Fund, Inc. was formed on May 30, 2003 and is domiciled in the United States. Blackrock High is traded on New York Stock Exchange in the United States. The fund is not classified under any group at the present time.

Management Performance

Blackrock Corporate High Leadership Team

Elected by the shareholders, the Blackrock Corporate's board of directors comprises two types of representatives: Blackrock Corporate inside directors who are chosen from within the company, and outside directors, selected externally and held independent of BlackRock. The board's role is to monitor Blackrock Corporate's management team and ensure that shareholders' interests are well served. Blackrock Corporate's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Blackrock Corporate's outside directors are responsible for providing unbiased perspectives on the board's policies.
Henry Gabbay, Independent Trustee
Robert Hubbard, Independent Trustee
Phillip Holloman, Independent Trustee
Karen Robards, Independent Vice Chairman of the Board of Trustees
Richard Cavanagh, Independent Co-Chairman of the Board of Trustees
Charles Park, Chief Compliance Officer and Anti-Money Laundering Officer
Frank Fabozzi, Independent Trustee
Janey Ahn, Secretary
John Perlowski, President, Chief Executive Officer, Trustee
Michael Castellano, Independent Trustee
Cynthia Egan, Independent Trustee
Jay Fife, Treasurer
Jonathan Diorio, Vice President
Robert Fairbairn, Trustee
Neal Andrews, Chief Financial Officer
Trent Walker, Chief Financial Officer
Catherine Lynch, Independent Trustee
Stayce Harris, Independent Trustee
W Kester, Independent Trustee

BlackRock Fund Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right fund is not an easy task. Is Blackrock Corporate a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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Other Information on Investing in BlackRock Fund

Blackrock Corporate financial ratios help investors to determine whether BlackRock Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in BlackRock with respect to the benefits of owning Blackrock Corporate security.
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