UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT
INVESTMENT COMPANY
Investment Company Act File number 811-21318
Name of Fund: Corporate High Yield Fund VI, Inc.
Fund Address: P.O. Box 9011
Princeton, NJ 08543-9011
Name and address of agent for service: Robert C. Doll, Jr., Chief Executive
Officer, Corporate High Yield Fund VI, Inc., 800 Scudders Mill Road,
Plainsboro, NJ 08536. Mailing address: P.O. Box 9011, Princeton, NJ
08543-9011
Registrant's telephone number, including area code: (609) 282-2800
Date of fiscal year end: 08/31/2006
Date of reporting period: 03/01/06 - 05/31/06
Item 1 - Schedule of Investments
Corporate High Yield Fund VI, Inc.
Schedule of Investments as of May 31, 2006 (in U.S. dollars)
Face
Amount Corporate Bonds Value
-----------------------------------------------------------------------------------------------------------------------------------
Aerospace & Defense - 4.9% $ 3,150,000 Alliant Techsystems, Inc., 3% due 8/15/2024 (a)(h) $ 3,693,375
2,950,000 DRS Technologies, Inc., 6.875% due 11/01/2013 2,891,000
1,600,000 Esterline Technologies Corp., 7.75% due 6/15/2013 1,640,000
1,300,000 K&F Acquisition, Inc., 7.75% due 11/15/2014 1,319,500
950,000 L-3 Communications Corp., 7.625% due 6/15/2012 969,000
2,200,000 L-3 Communications Corp., 6.375% due 10/15/2015 2,079,000
2,220,000 L-3 Communications Corp., 3% due 8/01/2035 (a)(h) 2,153,400
1,200,000 Sensata Technologies B.V., 8% due 5/01/2014 (a) 1,182,000
2,875,000 Standard Aero Holdings, Inc., 8.25% due 9/01/2014 2,530,000
2,850,000 Transdigm, Inc., 8.375% due 7/15/2011 3,028,125
3,200,000 Vought Aircraft Industries, Inc., 8% due 7/15/2011 3,008,000
-------------
24,493,400
-----------------------------------------------------------------------------------------------------------------------------------
Airlines - 1.6% 3,650,000 American Airlines, Inc. Class C, 7.80% due 4/01/2008 3,657,595
3,286,269 Continental Airlines, Inc. Series 1997-4-B, 6.90% due 7/02/2018 3,075,901
51,961 Continental Airlines, Inc. Series 1998-1-C, 6.541% due 9/15/2009 49,135
1,186,823 Continental Airlines, Inc. Series 2001-1 Class C, 7.033% due 12/15/2012 1,156,809
-------------
7,939,440
-----------------------------------------------------------------------------------------------------------------------------------
Automotive - 1.7% 3,800,000 Autonation, Inc., 7.045% due 4/15/2013 (a)(c) 3,838,000
2,400,000 Autonation, Inc., 7% due 4/15/2014 (a) 2,388,000
950,000 General Motors Acceptance Corp., 7.25% due 3/2/2011 906,366
1,599,000 Metaldyne Corp., 10% due 11/01/2013 1,535,040
-------------
8,667,406
-----------------------------------------------------------------------------------------------------------------------------------
Broadcasting - 4.8% 2,800,000 Allbritton Communications Co., 7.75% due 12/15/2012 2,803,500
3,175,000 CMP Susquehanna Corp., 9.875% due 5/15/2014 (a) 3,087,687
1,925,000 Nexstar Finance, Inc., 7% due 1/15/2014 1,797,469
4,750,000 Paxson Communications Corp., 8.318% due 1/15/2012 (a)(c) 4,845,000
4,075,000 Salem Communications Corp., 7.75% due 12/15/2010 4,075,000
2,550,000 Sinclair Broadcast Group, Inc., 8% due 3/15/2012 2,610,563
3,200,000 Sirius Satellite Radio, Inc., 9.625% due 8/01/2013 3,024,000
1,875,000 Xm Satellite Radio, Inc., 9.75% due 5/01/2014 (a) 1,743,750
-------------
23,986,969
-----------------------------------------------------------------------------------------------------------------------------------
Cable - International - 0.6% 1,325,000 New Skies Satellites NV, 10.414% due 11/01/2011 (c) 1,368,063
1,600,000 New Skies Satellites NV, 9.125% due 11/01/2012 1,712,000
-------------
3,080,063
-----------------------------------------------------------------------------------------------------------------------------------
Cable - U.S. - 10.1% 1,300,000 Adelphia Communications Corp., 6% due 2/15/2006 (b)(h)(m) 13,000
3,075,000 CCH I LLC, 11% due 10/01/2015 2,644,500
3,750,000 CSC Holdings, Inc. Series B, 7.625% due 4/01/2011 3,768,750
4,125,000 Cablevision Systems Corp. Series B, 8% due 4/15/2012 4,083,750
3,500,000 Charter Communications Holdings II LLC, 10.25% due 9/15/2010 3,491,250
3,175,000 Inmarsat Finance Plc, 7.625% due 6/30/2012 3,238,500
4,200,000 Intelsat Subsidiary Holding Co. Ltd., 9.614% due 1/15/2012 (c) 4,257,750
3,475,000 Intelsat Subsidiary Holding Co. Ltd., 8.625% due 1/15/2015 3,518,437
1,019,000 Loral Spacecom Corp., 14% due 10/15/2015 (f) 1,192,230
4,000,000 Mediacom Broadband LLC, 11% due 7/15/2013 4,220,000
3,900,000 Mediacom LLC, 9.50% due 1/15/2013 3,919,500
3,459,000 PanAmSat Corp., 9% due 8/15/2014 3,588,713
1,625,000 PanAmSat Holding Corp., 9.906% due 11/01/2014 (l) 1,182,188
3,150,000 Quebecor Media, Inc., 7.75% due 3/15/2016 (a) 3,197,250
5,050,000 Quebecor World Capital Corp., 8.75% due 3/15/2016 (a) 4,760,600
3,100,000 Rainbow National Services LLC, 10.375% due 9/01/2014 (a) 3,464,250
-------------
50,540,668
-----------------------------------------------------------------------------------------------------------------------------------
Corporate High Yield Fund VI, Inc.
Schedule of Investments as of May 31, 2006 (in U.S. dollars)
Face
Amount Corporate Bonds Value
-----------------------------------------------------------------------------------------------------------------------------------
Chemicals - 5.3% $ 2,459,000 BCP Caylux Holdings Luxembourg SCA, 9.625% due 6/15/2014 $ 2,698,752
2,405,000 Huntsman International, LLC, 10.125% due 7/01/2009 2,447,087
2,550,000 Innophos, Inc., 8.875% due 8/15/2014 2,594,625
4,750,000 Millennium America, Inc., 9.25% due 6/15/2008 4,922,187
1,900,000 Nalco Co., 7.75% due 11/15/2011 1,904,750
1,900,000 Nalco Co., 8.875% due 11/15/2013 1,954,625
1,493,000 Nalco Finance Holdings, Inc., 9.151% due 2/01/2014 (l) 1,151,476
3,175,000 Nova Chemicals Corp., 8.405% due 11/15/2013 (c) 3,198,813
3,750,000 Omnova Solutions, Inc., 11.25% due 6/01/2010 4,003,125
1,825,000 Unifi, Inc., 11.50% due 5/15/2014 (a) 1,825,000
-------------
26,700,440
-----------------------------------------------------------------------------------------------------------------------------------
Consumer - Durables - 0.9% 2,125,000 Sealy Mattress Co., 8.25% due 6/15/2014 2,210,000
950,000 Simmons Bedding Co., 7.875% due 1/15/2014 923,875
1,200,000 Tempur-Pedic, Inc., 10.25% due 8/15/2010 1,272,000
-------------
4,405,875
-----------------------------------------------------------------------------------------------------------------------------------
Consumer - 2,025,000 American Greetings Corp., 7.375% due 6/01/2016 2,055,375
Non-Durables - 5.7% 3,825,000 Chattem, Inc., 7% due 3/01/2014 3,767,625
4,825,000 Church & Dwight Co., Inc., 6% due 12/15/2012 4,583,750
5,725,000 Hines Nurseries, Inc., 10.25% due 10/01/2011 5,496,000
2,525,000 Levi Strauss & Co., 9.74% due 4/01/2012 (c) 2,610,219
3,200,000 Levi Strauss & Co., 8.875% due 4/01/2016 (a) 3,144,000
3,150,000 Quiksilver, Inc., 6.875% due 4/15/2015 2,976,750
3,475,000 Samsonite Corp., 8.875% due 6/01/2011 3,622,688
-------------
28,256,407
-----------------------------------------------------------------------------------------------------------------------------------
Diversified Media - 8.5% 4,800,000 CBD Media, Inc., 8.625% due 6/01/2011 4,812,000
2,525,000 Cadmus Communications Corp., 8.375% due 6/15/2014 2,531,312
3,675,000 CanWest Media, Inc., 8% due 9/15/2012 3,702,563
2,256,000 Dex Media West LLC, 9.875% due 8/15/2013 2,459,040
4,350,000 Houghton Mifflin Co., 8.25% due 2/01/2011 4,458,750
2,525,000 Houghton Mifflin Co., 12.031% due 5/15/2011 (a)(c) 2,496,594
5,328,000 Liberty Media Corp., 0.75% due 3/30/2023 (h) 5,634,360
1,200,000 RH Donnelley Corp., 6.875% due 1/15/2013 (a) 1,098,000
2,400,000 RH Donnelley Corp., 8.875% due 1/15/2016 (a) 2,412,000
2,275,000 RH Donnelley Corp. Series A-2, 6.875% due 1/15/2013 (a) 2,081,625
2,250,000 Six Flags, Inc., 9.625% due 6/01/2014 2,221,875
2,850,000 Universal City Florida Holding Co. I, 9.899% due 5/01/2010 (c) 2,942,625
5,474,000 Yell Finance BV, 9.788% due 8/01/2011 (l) 5,790,835
-------------
42,641,579
-----------------------------------------------------------------------------------------------------------------------------------
Energy - Exploration & 2,575,000 Belden & Blake Corp., 8.75% due 7/15/2012 2,632,937
Production - 4.6% 2,500,000 Chaparral Energy, Inc., 8.50% due 12/01/2015 (a) 2,531,250
4,750,000 Compton Petroleum Finance Corp., 7.625% due 12/01/2013 4,631,250
3,150,000 Encore Acquisition Co., 6.25% due 4/15/2014 2,890,125
4,125,000 Exco Resources, Inc., 7.25% due 1/15/2011 4,021,875
325,000 Plains Exploration & Production Co., 7.125% due 6/15/2014 320,938
4,250,000 Plains Exploration & Production Co. Series B, 8.75% due 7/01/2012 4,441,250
1,625,000 Quicksilver Resources, Inc., 7.125% due 4/01/2016 1,551,875
-------------
23,021,500
-----------------------------------------------------------------------------------------------------------------------------------
Energy - Other - 4.3% 1,750,000 Copano Energy LLC, 8.125% due 3/01/2016 (a) 1,776,250
3,975,000 Dresser, Inc., 9.375% due 4/15/2011 4,114,125
650,000 Ferrellgas Escrow LLC, 6.75% due 5/01/2014 622,375
3,825,000 Ferrellgas Partners LP, 8.75% due 6/15/2012 3,901,500
3,200,000 Ocean RIG ASA, 8.99% due 4/04/2011 3,184,000
1,100,000 PHI, Inc., 7.125% due 4/15/2013 (a) 1,072,500
3,700,000 SemGroup LP, 8.75% due 11/15/2015 (a) 3,755,500
Corporate High Yield Fund VI, Inc.
Schedule of Investments as of May 31, 2006 (in U.S. dollars)
Face
Amount Corporate Bonds Value
-----------------------------------------------------------------------------------------------------------------------------------
$ 3,200,000 Suburban Propane Partners, LP, 6.875% due 12/15/2013 $ 3,024,000
-------------
21,450,250
-----------------------------------------------------------------------------------------------------------------------------------
Financial - 0.4% 1,725,000 Saxon Capital, Inc., 12% due 5/01/2014 (a) 1,759,500
-----------------------------------------------------------------------------------------------------------------------------------
Food & Drug - 0.2% 725,000 Stripes Acquisition LLC, 10.625% due 12/15/2013 (a) 786,625
-----------------------------------------------------------------------------------------------------------------------------------
Food & Tobacco - 2.9% 1,300,000 AmeriQual Group LLC, 9.25% due 4/01/2012 (a) 1,345,500
1,075,000 Constellation Brands, Inc., 8.125% due 1/15/2012 1,104,562
4,800,000 Cott Beverages USA, Inc., 8% due 12/15/2011 4,812,000
3,866,000 Del Monte Corp., 8.625% due 12/15/2012 4,030,305
975,000 Michael Foods, Inc., 8% due 11/15/2013 972,562
2,200,000 National Beef Packing Co. LLC, 10.50% due 8/01/2011 2,211,000
-------------
14,475,929
-----------------------------------------------------------------------------------------------------------------------------------
Gaming - 10.1% 5,175,000 Boyd Gaming Corp., 8.75% due 4/15/2012 5,472,562
2,425,000 CCM Merger, Inc., 8% due 8/01/2013 (a) 2,328,000
2,200,000 Caesars Entertainment, Inc., 7.875% due 3/15/2010 2,304,500
1,675,000 Galaxy Entertainment Finance Co. Ltd., 10.42% due 12/15/2010 (a)(c) 1,750,375
875,000 Galaxy Entertainment Finance Co. Ltd., 9.875% due 12/15/2012 (a) 914,375
2,775,000 Inn of the Mountain Gods Resort & Casino, 12% due 11/15/2010 2,969,250
1,875,000 Isle of Capri Casinos, Inc., 9% due 3/15/2012 1,978,125
625,000 Isle of Capri Casinos, Inc., 7% due 3/01/2014 606,250
2,425,000 Little Traverse Bay Bands of Odawa Indians, 10.25% due 2/15/2014 (a) 2,400,750
2,575,000 MGM Mirage, 9.75% due 6/01/2007 2,661,906
1,150,000 MGM Mirage, 6.75% due 4/01/2013 (a) 1,122,687
1,575,000 Mirage Resorts, Inc., 6.75% due 2/01/2008 1,590,750
3,150,000 Penn National Gaming, Inc., 6.875% due 12/01/2011 3,126,375
3,950,000 Poster Financial Group, Inc., 8.75% due 12/01/2011 4,157,375
4,200,000 Resorts International Hotel and Casino, Inc., 11.50% due 3/15/2009 4,578,000
1,575,000 San Pasqual Casino, 8% due 9/15/2013 (a) 1,582,875
1,900,000 Station Casinos, Inc., 6.50% due 2/01/2014 1,814,500
2,225,000 Station Casinos, Inc., 6.625% due 3/15/2018 2,069,250
4,750,000 Trump Entertainment Resorts, Inc., 8.50% due 6/01/2015 4,655,000
2,825,000 Wynn Las Vegas LLC, 6.625% due 12/01/2014 2,680,219
-------------
50,763,124
-----------------------------------------------------------------------------------------------------------------------------------
Health Care - 9.6% 1,000,000 Angiotech Pharmaceuticals, Inc., 7.75% due 4/01/2014 (a) 997,500
1,925,000 Athena Neurosciences Finance LLC, 7.25% due 2/21/2008 1,915,375
3,150,000 Cubist Pharmaceuticals, Inc., 5.50% due 11/01/2008 (h) 3,220,875
5,775,000 DaVita, Inc., 7.25% due 3/15/2015 5,630,625
3,175,000 Elan Finance Plc, 9.17% due 11/15/2011 (c) 3,214,687
3,175,000 HCA, Inc., 5.50% due 12/01/2009 3,074,200
3,500,000 Mylan Laboratories, Inc., 5.75% due 8/15/2010 3,395,000
900,000 Mylan Laboratories, Inc., 6.375% due 8/15/2015 868,500
2,300,000 Select Medical Corp., 7.625% due 2/01/2015 2,052,750
3,175,000 Select Medical Corp., 10.82% due 9/15/2015 (a)(c) 2,992,438
1,575,000 Tenet Healthcare Corp., 9.875% due 7/01/2014 1,602,563
3,175,000 Triad Hospitals, Inc., 7% due 5/15/2012 3,147,219
4,275,000 U.S. Oncology, Inc., 9% due 8/15/2012 4,478,063
1,575,000 VWR International, Inc., 8% due 4/15/2014 1,582,875
3,175,000 Vanguard Health Holding Co. II, LLC, 9% due 10/01/2014 3,254,375
6,325,000 Ventas Realty LP, 6.75% due 6/01/2010 6,348,719
-------------
47,775,764
-----------------------------------------------------------------------------------------------------------------------------------
Corporate High Yield Fund VI, Inc.
Schedule of Investments as of May 31, 2006 (in U.S. dollars)
Face
Amount Corporate Bonds Value
-----------------------------------------------------------------------------------------------------------------------------------
Housing - 5.4% $ 2,350,000 Building Materials Corp. of America, 8% due 10/15/2007 $ 2,367,625
8,850,000 Building Materials Corp. of America, 8% due 12/01/2008 8,949,562
4,425,000 Forest City Enterprises, Inc., 7.625% due 6/01/2015 4,513,500
1,600,000 Goodman Global Holding Co., Inc., 8.329% due 6/15/2012 (c) 1,620,000
2,225,000 Goodman Global Holding Co., Inc., 7.875% due 12/15/2012 2,180,500
3,175,000 Ply Gem Industries, Inc., 9% due 2/15/2012 2,992,438
3,350,000 Technical Olympic USA, Inc., 8.25% due 4/01/2011 (a) 3,274,625
1,150,000 Texas Industries, Inc., 7.25% due 7/15/2013 1,173,000
-------------
27,071,250
-----------------------------------------------------------------------------------------------------------------------------------
Information 2,340,000 Advanced Micro Devices, Inc., 7.75% due 11/01/2012 2,416,050
Technology - 7.2% 2,200,000 Alliant Techsystems, Inc., 6.75% due 4/01/2016 2,158,750
1,575,000 American Media Operations, Inc. Series B, 10.25% due 5/01/2009 1,437,187
2,792,000 Cypress Semiconductor Corp., 1.25% due 6/15/2008 (h) 3,238,720
3,500,000 Freescale Semiconductor, Inc., 7.818% due 7/15/2009 (c) 3,570,000
2,700,000 MagnaChip Semiconductor SA, 8.579% due 12/15/2011 (c) 2,679,750
1,600,000 MagnaChip Semiconductor SA, 8% due 12/15/2014 1,392,000
3,130,000 Quantum Corp., 4.375% due 8/01/2010 (h) 2,926,550
3,875,000 Sungard Data Systems, Inc., 9.125% due 8/15/2013 (a) 4,063,906
2,625,000 Sungard Data Systems, Inc., 9.431% due 8/15/2013 (a)(c) 2,762,813
1,625,000 Sungard Data Systems, Inc., 10.25% due 8/15/2015 (a) 1,698,125
650,000 Telcordia Technologies, Inc., 10% due 3/15/2013 (a) 612,625
1,925,000 UGS Corp., 10% due 6/01/2012 2,088,625
4,875,000 Viasystems, Inc., 10.50% due 1/15/2011 4,923,750
-------------
35,968,851
-----------------------------------------------------------------------------------------------------------------------------------
Leisure - 1.8% 2,425,000 FelCor Lodging LP, 8.50% due 6/01/2011 2,594,750
4,650,000 FelCor Lodging LP, 9.57% due 6/01/2011 (c) 4,795,312
1,575,000 Host Marriott LP, 6.75% due 6/01/2016 (a) 1,529,719
-------------
8,919,781
-----------------------------------------------------------------------------------------------------------------------------------
Manufacturing - 4.5% 3,500,000 CPI Holdco, Inc., 10.561% due 2/01/2015 (c) 3,605,000
3,175,000 Chart Industries, Inc., 9.125% due 10/15/2015 (a) 3,365,500
5,800,000 EaglePicher Inc., 9.75% due 9/01/2013 (b) 3,842,500
3,200,000 Invensys Plc, 9.875% due 3/15/2011 (a) 3,472,000
1,600,000 Mueller Group, Inc., 10% due 5/01/2012 1,748,000
1,250,000 Rexnord Corp., 10.125% due 12/15/2012 1,387,500
1,575,000 Superior Essex Communications LLC, 9% due 4/15/2012 1,610,438
3,875,000 Trimas Corp., 9.875% due 6/15/2012 3,700,625
-------------
22,731,563
-----------------------------------------------------------------------------------------------------------------------------------
Metal - Other - 2.1% 3,250,000 Foundation PA Coal Co., 7.25% due 8/01/2014 3,266,250
3,775,000 Indalex Holding Corp., 11.50% due 2/01/2014 (a) 3,963,750
3,450,000 Novelis, Inc., 7.75% due 2/15/2015 3,294,750
-------------
10,524,750
-----------------------------------------------------------------------------------------------------------------------------------
Packaging - 2.6% 3,475,000 Graham Packing Co., Inc., 9.875% due 10/15/2014 3,544,500
4,750,000 Owens-Brockway, 8.875% due 2/15/2009 4,904,375
1,575,000 Owens-Brockway, 8.25% due 5/15/2013 1,590,750
2,775,000 Packaging Dynamics Finance Corp., 10% due 5/01/2016 (a) 2,795,813
-------------
12,835,438
-----------------------------------------------------------------------------------------------------------------------------------
Paper - 6.4% 3,200,000 Abitibi-Consolidated, Inc., 8.829% due 6/15/2011 (c) 3,208,000
3,175,000 Boise Cascade LLC, 7.943% due 10/15/2012 (c) 3,190,875
4,475,000 Bowater, Inc., 8.329% due 3/15/2010 (c) 4,519,750
4,775,000 Domtar, Inc., 7.125% due 8/15/2015 4,154,250
1,675,000 Graphic Packaging International Corp., 8.50% due 8/15/2011 1,687,562
2,825,000 Graphic Packaging International Corp., 9.50% due 8/15/2013 2,839,125
3,400,000 JSG Funding Plc, 9.625% due 10/01/2012 3,544,500
2,400,000 NewPage Corp., 11.399% due 5/01/2012 (c) 2,610,000
Corporate High Yield Fund VI, Inc.
Schedule of Investments as of May 31, 2006 (in U.S. dollars)
Face
Amount Corporate Bonds Value
-----------------------------------------------------------------------------------------------------------------------------------
$ 2,375,000 NewPage Corp., 12% due 5/01/2013 $ 2,541,250
3,775,000 Norske Skog Canada Ltd. Series D, 8.625% due 6/15/2011 3,756,125
-------------
32,051,437
-----------------------------------------------------------------------------------------------------------------------------------
Retail - 1.8% 4,150,000 Jean Coutu Group, Inc., 8.50% due 8/01/2014 3,859,500
2,225,000 Neiman-Marcus Group, Inc., 9% due 10/15/2015 (a) 2,316,781
2,575,000 Neiman-Marcus Group, Inc., 10.375% due 10/15/2015 (a) 2,710,188
-------------
8,886,469
-----------------------------------------------------------------------------------------------------------------------------------
Service - 6.3% 2,550,000 Avis Budget Car Rental LLC, 7.576% due 5/15/2014 (a)(c) 2,588,250
900,000 Avis Budget Car Rental LLC, 7.625% due 5/15/2014 (a) 904,500
4,475,000 Corrections Corp. of America, 7.50% due 5/01/2011 4,519,750
2,825,000 Dycom Industries, Inc., 8.125% due 10/15/2015 2,881,500
1,875,000 MSW Energy Holdings LLC, 8.50% due 9/01/2010 1,945,312
750,000 MSW Energy Holdings II LLC, 7.375% due 9/01/2010 753,750
3,175,000 Mac-Gray Corp., 7.625% due 8/15/2015 3,238,500
4,450,000 Service Corp. International, 8% due 6/15/2017 (a) 4,227,500
5,475,000 United Rentals North America, Inc., 7.75% due 11/15/2013 5,365,500
4,775,000 Waste Services, Inc., 9.50% due 4/15/2014 4,906,313
-------------
31,330,875
-----------------------------------------------------------------------------------------------------------------------------------
Steel - 0.9% 3,175,000 Chaparral Steel Co., 10% due 7/15/2013 3,532,187
700,000 Ucar Finance, Inc., 10.25% due 2/15/2012 745,500
-------------
4,277,687
-----------------------------------------------------------------------------------------------------------------------------------
Telecommunications - 4.2% 2,226,000 ADC Telecommunications, Inc., 1% due 6/15/2008 (h) 2,078,528
1,025,000 ADC Telecommunications, Inc., 5.795% due 6/15/2013 (c)(h) 995,531
3,730,000 Eircom Funding Plc, 8.25% due 8/15/2013 4,000,425
4,900,000 LCI International, Inc., 7.25% due 6/15/2007 4,924,500
3,600,000 Nordic Telephone Co. Holdings ApS, 8.875% due 5/01/2016 (a) 3,717,000
650,000 Qwest Communications International, Inc., 7.50% due 2/15/2014 643,500
2,300,000 Qwest Corp., 8.579% due 6/15/2013 (c) 2,481,125
875,000 Qwest Corp., 7.625% due 6/15/2015 890,313
1,450,000 Time Warner Telecom Holdings, Inc., 9.17% due 2/15/2011 (c) 1,471,750
-------------
21,202,672
-----------------------------------------------------------------------------------------------------------------------------------
Transportation - 0.7% 1,175,000 OMI Corp., 7.625% due 12/01/2013 1,169,125
2,250,000 Teekay Shipping Corp., 8.875% due 7/15/2011 2,418,750
-------------
3,587,875
-----------------------------------------------------------------------------------------------------------------------------------
Utility - 10.0% 4,000,000 The AES Corp., 9.375% due 9/15/2010 4,330,000
100,000 The AES Corp., 8.75% due 5/15/2013 (a) 108,000
3,200,000 Aquila, Inc., 7.625% due 11/15/2009 3,324,000
3,018,000 Centerpoint Energy, Inc. Series B, 3.75% due 5/15/2023 (h) 3,365,070
3,350,000 Dynegy Holdings, Inc., 8.375% due 5/01/2016 (a) 3,333,250
3,529,000 ESI Tractebel Acquisition Corp. Series B, 7.99% due 12/30/2011 3,652,278
4,025,000 Edison Mission Energy, 7.50% due 6/15/2013 (a) 3,984,750
3,900,000 Mirant North America LLC, 7.375% due 12/31/2013 (a) 3,851,250
2,550,000 NRG Energy, Inc., 7.25% due 2/01/2014 2,550,000
2,350,000 NRG Energy, Inc., 7.375% due 2/01/2016 2,352,938
622,000 Nevada Power Co., 9% due 8/15/2013 679,856
2,400,000 Nevada Power Co. Series A, 8.25% due 6/01/2011 2,591,090
1,024,000 Nevada Power Co. Series E, 10.875% due 10/15/2009 1,095,864
4,750,000 Reliant Energy, Inc., 9.50% due 7/15/2013 4,797,500
3,825,000 Sierra Pacific Power Co. Series A, 8% due 6/01/2008 3,949,274
775,000 Sierra Pacific Resources, 8.625% due 3/15/2014 834,814
1,650,000 Southern Natural Gas Co., 8.875% due 3/15/2010 1,746,674
3,349,885 Tenaska Alabama Partners LP, 7% due 6/30/2021 (a) 3,302,146
-------------
49,848,754
-----------------------------------------------------------------------------------------------------------------------------------
Corporate High Yield Fund VI, Inc.
Schedule of Investments as of May 31, 2006 (in U.S. dollars)
Face
Amount Corporate Bonds Value
-----------------------------------------------------------------------------------------------------------------------------------
Wireless $ 2,675,000 Centennial Cellular Operating Co. LLC, 10.125% due 6/15/2013 $ 2,882,312
Communications - 4.4% 2,050,000 Dobson Communications Corp., 9.318% due 10/15/2012 (c) 2,070,500
3,800,000 IWO Holdings, Inc., 8.813% due 1/15/2012 (c) 3,942,500
1,875,000 Rogers Wireless Communications, Inc., 8.454% due 12/15/2010 (c) 1,933,594
250,000 Rogers Wireless Communications, Inc., 8% due 12/15/2012 257,188
5,250,000 Rogers Wireless Communications, Inc., 6.375% due 3/01/2014 5,000,625
1,600,000 Rural Cellular Corp., 9.41% due 3/15/2010 (c) 1,632,000
3,125,000 Rural Cellular Corp., 8.25% due 3/15/2012 3,218,750
950,000 Rural Cellular Corp., 8.25% due 3/15/2012 (a) 978,500
-------------
21,915,969
-----------------------------------------------------------------------------------------------------------------------------------
Total Corporate Bonds (Cost - $672,779,671) - 134.5% 671,898,310
-----------------------------------------------------------------------------------------------------------------------------------
Floating Rate Loan Interests (k)
-----------------------------------------------------------------------------------------------------------------------------------
Cable - U.S. - 1.6% 8,400,000 Century Cable Holdings LLC, Discretionary Term Loan, 10% due 12/31/2009 8,176,392
-----------------------------------------------------------------------------------------------------------------------------------
Chemicals - 1.0% 4,870,000 Wellman, Inc. Second Lien Term Loan, 11.899% due 2/10/2010 4,981,859
-----------------------------------------------------------------------------------------------------------------------------------
Total Floating Rate Loan Interests (Cost - $12,744,447) - 2.6% 13,158,251
-----------------------------------------------------------------------------------------------------------------------------------
Foreign Government Obligations
-----------------------------------------------------------------------------------------------------------------------------------
Government Foreign - 2.2% 3,150,000 Brazilian Government International Bond, 8.75% due 2/04/2025 3,354,750
3,175,000 Brazilian Government International Bond, 8.25% due 1/20/2034 3,222,625
1,925,000 Philippine Government International Bond, 8.375% due 2/15/2011 2,030,875
1,850,000 Turkey Government International Bond, 6.875% due 3/17/2036 1,618,750
625,000 Venezuela Government International Bond, 7.65% due 4/21/2025 633,750
-----------------------------------------------------------------------------------------------------------------------------------
Total Foreign Government Obligations (Cost - $10,750,994) - 2.2% 10,860,750
-----------------------------------------------------------------------------------------------------------------------------------
Shares
Held Common Stocks
-----------------------------------------------------------------------------------------------------------------------------------
Airlines - 0.1% 26,425 ABX Air, Inc. (g) 178,104
-----------------------------------------------------------------------------------------------------------------------------------
Cable - U.S. - 0.8% 145,268 Loral Space & Communications Ltd. (g) 4,067,504
-----------------------------------------------------------------------------------------------------------------------------------
Food Products - 0.0% 20,899 New World Pasta Co. (g)(j) 149,428
-----------------------------------------------------------------------------------------------------------------------------------
Manufacturing - 0.6% 116,910 Medis Technologies Ltd. (g) 2,833,898
-----------------------------------------------------------------------------------------------------------------------------------
Paper - 0.0% 78,039 Western Forest Products, Inc.(g) 121,919
-----------------------------------------------------------------------------------------------------------------------------------
Total Common Stocks (Cost - $7,858,770) - 1.5% 7,350,853
-----------------------------------------------------------------------------------------------------------------------------------
Preferred Securities
-----------------------------------------------------------------------------------------------------------------------------------
Face
Amount Capital Trusts
-----------------------------------------------------------------------------------------------------------------------------------
Health Care - 1.2% $ 5,975,000 Fresenius Medical Care Capital Trust II, 7.875% due 2/01/2008 6,094,500
-----------------------------------------------------------------------------------------------------------------------------------
Total Capital Trusts (Cost - $6,109,550) - 1.2% 6,094,500
-----------------------------------------------------------------------------------------------------------------------------------
Corporate High Yield Fund VI, Inc.
Schedule of Investments as of May 31, 2006 (in U.S. dollars)
Shares
Held Preferred Stocks Value
-----------------------------------------------------------------------------------------------------------------------------------
Automotive - 0.5% 130,626 General Motors Corp. Series C, 6.25% (h) $ 2,611,214
-----------------------------------------------------------------------------------------------------------------------------------
Cable - U.S. - 0.4% 9,130 Loral Spacecom Corp. Series A, 12% (f) 1,807,740
-----------------------------------------------------------------------------------------------------------------------------------
Total Preferred Stocks (Cost - $5,072,290) - 0.9% 4,418,954
-----------------------------------------------------------------------------------------------------------------------------------
Total Preferred Securities (Cost - $11,181,840) - 2.1% 10,513,454
-----------------------------------------------------------------------------------------------------------------------------------
Warrants (d)
-----------------------------------------------------------------------------------------------------------------------------------
Food Products - 0.0% 15,480 New World Pasta Co. Series A (expires 12/07/2010) (j) 41,796
17,201 New World Pasta Co. Series B (expires 12/07/2010) (j) 32,682
-------------
74,478
-----------------------------------------------------------------------------------------------------------------------------------
Health Care - 0.0% 54,577 HealthSouth Corp. (expires 1/16/2014) 95,510
-----------------------------------------------------------------------------------------------------------------------------------
Total Warrants (Cost - $74,478) - 0.0% 169,988
-----------------------------------------------------------------------------------------------------------------------------------
Beneficial
Interest Short-Term Securities
-----------------------------------------------------------------------------------------------------------------------------------
$ 474,484 Merrill Lynch Liquidity Series, LLC Cash Sweep Series I, 4.85% (e)(i) 474,484
-----------------------------------------------------------------------------------------------------------------------------------
Total Short-Term Securities (Cost - $474,484) - 0.1% 474,484
-----------------------------------------------------------------------------------------------------------------------------------
Total Investments (Cost - $715,864,684*) - 143.0% 714,426,090
Liabilities in Excess of Other Assets - (43.0%) (214,768,228)
-------------
Net Assets - 100.0% $ 499,657,862
=============
* The cost and unrealized appreciation (depreciation) of investments as of
May 31, 2006, as computed for federal income tax purposes, were as
follows:
Aggregate cost $717,979,117
============
Gross unrealized appreciation $ 12,046,240
Gross unrealized depreciation (15,599,267)
------------
Net unrealized depreciation $ (3,553,027)
============
(a) The security may be offered and sold to "qualified institutional buyers"
under Rule 144A of the Securities Act of 1933.
(b) Non-income producing security; issuer filed for bankruptcy or is in
default of interest payments.
(c) Floating rate note.
(d) Warrants entitle the Fund to purchase a predetermined number of shares of
common stock and are non-income producing. The purchase price and number
of shares are subject to adjustment under certain conditions until the
expiration date.
(e) Represents the current yield as of 5/31/2006.
(f) Represents a pay-in-kind security which may pay interest/dividends in
additional face/shares.
(g) Non-income producing security.
(h) Convertible security.
(i) Investments in companies considered to be an affiliate of the Fund, for
purposes of Section 2(a)(3) of the Investment Company Act of 1940, were as
follows:
--------------------------------------------------------------------------
Net Interest
Affiliate Activity Income
--------------------------------------------------------------------------
Merrill Lynch Liquidity Series, LLC
Cash Sweep Series I $474,484 $ 19,735
--------------------------------------------------------------------------
(j) Restricted securities as to resale, representing less than 0.1% of net
assets, were as follows:
--------------------------------------------------------------------------------------------
Acquisition
Issue Date Cost Value
--------------------------------------------------------------------------------------------
New World Pasta Co. 5/19/2006 $ 643,276 $ 149,428
New World Pasta Co. Series A (expires 12/07/2010) 5/19/2006 41,796 41,796
New World Pasta Co. Series B (expires 12/07/2010) 5/19/2006 32,682 32,682
--------------------------------------------------------------------------------------------
Total $ 717,754 $ 223,906
=====================
Corporate High Yield Fund VI, Inc.
Schedule of Investments as of May 31, 2006 (in U.S. dollars)
(k) Floating rate loan interests in which the Fund invests generally pay
interest at rates that are periodically redetermined by reference to a
base lending rate plus a premium. The base lending rates are generally (i)
the lending rate offered by one or more major European banks, such as
LIBOR (London InterBank Offered Rate), (ii) the prime rate offered by one
or more U.S. banks or (iii) the certificate of deposit rate.
(l) Represents a step bond; the interest rate shown reflects the effective
yield at the time of purchase.
(m) As a result of bankruptcy proceedings, the company did not repay the
principle amount of the security upon maturity.
o For Fund compliance purposes, the Fund's industry classifications refer to
any one or more of the industry sub-classifications used by one or more
widely recognized market indexes or ratings group indexes, and/or as
defined by Fund management. This definition may not apply for this report
which may combine industry sub-classifications for reporting ease.
Industries are shown as a percent of net assets.
o Swaps outstanding as of May 31, 2006 were as follows:
-------------------------------------------------------------------------------------------------------------------------
Unrealized
Notional Appreciation
Amount (Depreciation)
-------------------------------------------------------------------------------------------------------------------------
Sold credit default protection on General Motors Corp. and receive 5%
Broker, Morgan Stanley Capital Services, Inc.
Expires June 2006 $ 1,250,000 $ 36,148
Sold credit default protection on General Motors Acceptance Corp. and receive 4%
Broker, Morgan Stanley Capital Services, Inc.
Expires June 2006 $ 1,250,000 1,812
Sold credit default protection on General Motors Acceptance Corp. and receive 3.50%
Broker, JPMorgan Chase Bank
Expires March 2007 $ 1,250,000 3,461
Sold credit default protection on General Motors Acceptance Corp. and receive 4.50%
Broker, Morgan Stanley Capital Services, Inc.
Expires March 2007 $ 1,250,000 13,041
Sold credit default protection on General Motors Corp. and receive 4.40%
Broker, Morgan Stanley Capital Services, Inc.
Expires June 2007 $ 625,000 (21,913)
Sold credit default protection on General Motors Corp. and receive 8%
Broker, Morgan Stanley Capital Services, Inc.
Expires June 2007 $ 625,000 (449)
Corporate High Yield Fund VI, Inc.
Schedule of Investments as of May 31, 2006 (in U.S. dollars)
-------------------------------------------------------------------------------------------------------------------------
Unrealized
Notional Appreciation
Amount (Depreciation)
-------------------------------------------------------------------------------------------------------------------------
Sold credit default protection on Russian Federation and receive 0.73%
Broker, UBS Warburg
Expires October 2010 $ 2,560,000 $ 6,976
Sold credit default protection on Federative Republic of Brazil and
receive 3.44%
Broker, Morgan Stanley Capital Services, Inc.
Expires October 2010 $ 1,600,000 101,023
Sold credit default protection on Dow Jones CDX Emerging Markets Index
Series 5 and receive 1.35%
Broker, Morgan Stanley Capital Services, Inc.
Expires June 2011 $ 6,300,000 (66,881)
Sold credit default protection on Dow Jones CDX North American High Yield
Index Series 6 and receive 3.45%
Broker, UBS Warburg
Expires June 2011 $ 1,600,000 (7,003)
Sold credit default protection on Dow Jones CDX North American High Yield
Index Series 6 and receive 3.45%
Broker, UBS Warburg
Expires June 2011 $ 4,725,000 (26,134)
Sold credit default protection on Dow Jones CDX North American High Yield B
Index Series 6 and receive 3%
Broker, UBS Warburg
Expires June 2011 $ 4,725,000 (20,343)
-------------------------------------------------------------------------------------------------------------------------
Total $ 19,738
============
Item 2 - Controls and Procedures
2(a) - The registrant's certifying officers have reasonably designed such
disclosure controls and procedures to ensure material information
relating to the registrant is made known to us by others particularly
during the period in which this report is being prepared. The
registrant's certifying officers have determined that the registrant's
disclosure controls and procedures are effective based on our evaluation
of these controls and procedures as of a date within 90 days prior to the
filing date of this report.
2(b) - There were no changes in the registrant's internal control over financial
reporting (as defined in Rule 30a-3(d) under the Act (17 CFR
270.30a-3(d)) that occurred during the last fiscal quarter of the period
covered by this report that has materially affected, or is reasonably
likely to materially affect, the registrant's internal control over
financial reporting.
Item 3 - Exhibits
Certifications - Attached hereto
Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, the registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.
Corporate High Yield Fund VI, Inc.
By: /s/ Robert C. Doll, Jr.
------------------------------
Robert C. Doll, Jr.
Chief Executive Officer
Corporate High Yield Fund VI, Inc.
Date: July 21, 2006
Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, this report has been signed below by the
following persons on behalf of the registrant and in the capacities and on the
dates indicated.
By: /s/ Robert C. Doll, Jr.
------------------------------
Robert C. Doll, Jr.
Chief Executive Officer
Corporate High Yield Fund VI, Inc.
Date: July 21, 2006
By: /s/ Donald C. Burke
------------------------------
Donald C. Burke
Chief Financial Officer
Corporate High Yield Fund VI, Inc.
Date: July 21, 2006