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., President, 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: 08/31/05
Date of reporting period: 09/01/04 - 11/30/04
Item 1 - Schedule of Investments
Corporate High Yield Fund VI, Inc.
Schedule of Investments as of November 30, 2004 (in U.S. dollars)
Face
Industry+ Amount Corporate Bonds Value
-----------------------------------------------------------------------------------------------------------------------------------
Aerospace & Defense - 3.6% $ 3,901,000 Alliant Techsystems Inc., 3% due 8/15/2024 (Convertible)(a) $ 4,271,595
2,000,000 Esterline Technologies Corporation, 7.75% due 6/15/2013 2,185,000
650,000 K & F Industries, Inc., 7.75% due 11/15/2014(a) 664,625
3,000,000 Standard Aero Holdings, Inc., 8.25% due 9/01/2014(a) 3,210,000
4,150,000 TD Funding Corp., 8.375% due 7/15/2011 4,440,500
3,050,000 The Titan Corporation, 8% due 5/15/2011 3,233,000
2,925,000 Vought Aircraft Industries, Inc., 8% due 7/15/2011 2,837,250
-------------
20,841,970
-----------------------------------------------------------------------------------------------------------------------------------
Airlines - 2.6% 3,625,000 American Airlines, Inc., 7.80% due 4/01/2008 3,158,763
Continental Airlines, Inc.:
1,300,000 7.25% due 11/01/2005 1,210,826
1,625,000 8% due 12/15/2005 1,535,625
245,973 6.541% due 9/15/2009 219,322
1,886,362 7.033% due 6/15/2011 1,509,561
3,796,951 6.90% due 1/02/2017 2,994,711
Delta Air Lines, Inc.:
4,800,000 7.90% due 12/15/2009 2,664,000
2,530,000 2.875% due 2/18/2024 (Convertible)(a) 1,622,363
-------------
14,915,171
-----------------------------------------------------------------------------------------------------------------------------------
Automotive - 2.3% 2,125,000 Asbury Automotive Group, Inc., 8% due 3/15/2014 2,103,750
3,250,000 Autocam Corporation, 10.875% due 6/15/2014 3,233,750
Metaldyne Corporation:
4,300,000 11% due 6/15/2012 3,612,000
2,224,000 10% due 11/01/2013(a) 2,157,280
2,250,000 Tenneco Automotive Inc., 8.625% due 11/15/2014 (a) 2,340,000
-------------
13,446,780
-----------------------------------------------------------------------------------------------------------------------------------
Broadcasting - 5.6% 3,875,000 CanWest Media, Inc., 8% due 9/15/2012 (a) 4,146,250
4,550,000 Granite Broadcasting Corporation, 9.75% due 12/01/2010 4,277,000
3,500,000 NextMedia Operating, Inc., 10.75% due 7/01/2011 3,915,625
Paxson Communications Corporation:
3,525,000 10.75% due 7/15/2008 3,621,938
950,000 12.121%* due 1/15/2009 855,000
Salem Communications Holding Corporation:
6,375,000 7.75% due 12/15/2010 6,789,375
81,000 9% due 7/01/2011 89,100
5,030,000 Sinclair Broadcast Group, Inc., 4.875% due 7/15/2018
(Convertible) 4,457,838
3,900,000 Young Broadcasting Inc., 8.75% due 1/15/2014 3,831,750
-------------
31,983,876
-----------------------------------------------------------------------------------------------------------------------------------
Cable - International - 1.3% 2,975,000 Kabel Deutschland GmbH, 10.625% due 7/01/2014(a) 3,421,250
4,100,000 NTL Cable PLC, 6.07% due 10/15/2012(a)(c) 4,223,000
-------------
7,644,250
-----------------------------------------------------------------------------------------------------------------------------------
Cable - U.S. - 8.4% Adelphia Communications Corporation(b):
1,300,000 6% due 2/15/2006 (Convertible) 227,500
3,225,000 12.48%* due 1/15/2008 2,225,250
456,902 Avalon Cable LLC, 11.875% due 12/01/2008 476,321
3,575,000 CSC Holdings, Inc., 7.625% due 4/01/2011 3,825,250
8,400,000 Century Cable Holdings LLC, Term, due 12/31/2009(e) 8,351,003
8,000,000 Charter Communications Holdings, LLC, 10% due 4/01/2009 6,940,000
1,625,000 Charter Communications, Inc., 5.875% due 11/16/2009
(Convertible) (a) 1,730,625
4,750,000 Insight Communications Company, Inc., 10.388%* due 2/15/2011 4,560,000
4,200,000 Loral Cyberstar, Inc., 10% due 7/15/2006(b) 3,171,000
1,550,000 Loral Space & Communications Ltd., 9.50% due 1/15/2006(b) 356,500
7,100,000 Mediacom Broadband LLC, 11% due 7/15/2013 7,508,250
New Skies Satellites BV(a):
1,350,000 7.438% due 11/01/2011(c) 1,383,750
1,975,000 9.125% due 11/01/2012 2,014,500
4,800,000 Rainbow National Services LLC, 10.375% due 9/01/2014(a) 5,088,000
550,000 Rogers Cable Inc., 6.75% due 3/15/2015 (a) 558,250
-------------
48,416,199
-----------------------------------------------------------------------------------------------------------------------------------
Chemicals - 11.1% 3,975,000 BCP Caylux Holdings Luxembourg SCA, 9.625% due 6/15/2014(a) 4,461,937
Crompton Corporation(a):
3,225,000 7.67% due 8/01/2010(c) 3,483,000
3,775,000 9.875% due 8/01/2012 4,228,000
5,500,000 Huntsman International LLC, 10.125% due 7/01/2009 5,802,500
4,700,000 ISP Holdings, Inc., 10.625% due 12/15/2009 5,217,000
2,575,000 Innophos, Inc., 8.875% due 8/15/2014(a) 2,781,000
5,225,000 Millennium America Inc., 7% due 11/15/2006 5,460,125
Corporate High Yield Fund VI, Inc.
Schedule of Investments as of November 30, 2004 (continued) (in U.S. dollars)
Face
Industry+ Amount Corporate Bonds Value
-----------------------------------------------------------------------------------------------------------------------------------
Chemicals Nalco Company:
(concluded) $ 800,000 7.75% due 11/15/2011 $ 862,000
2,000,000 8.875% due 11/15/2013 2,207,500
5,600,000 Nalco Finance Holdings LLC, 9.04%* due 2/01/2014 4,172,000
4,750,000 Omnova Solutions Inc., 11.25% due 6/01/2010 5,343,750
1,200,000 PCI Chemicals, Canada, 10% due 12/31/2008 1,242,000
5,400,000 PolyOne Corporation, 10.625% due 5/15/2010 6,088,500
Rockwood Specialties Group, Inc.:
3,025,000 10.625% due 5/15/2011 3,440,938
350,000 7.50% due 11/15/2014(a) 358,750
3,396,000 Terra Capital, Inc., 11.50% due 6/01/2010 3,854,460
4,870,000 Wellman, Inc., Second Lien Term, due 2/10/2010(e) 4,886,232
-------------
63,889,692
-----------------------------------------------------------------------------------------------------------------------------------
Consumer - Durables - 0.7% 2,275,000 Sealy Mattress Company, 8.25% due 6/15/2014 2,405,813
1,300,000 Tempur-Pedic, Inc., 10.25% due 8/15/2010 1,504,750
-------------
3,910,563
-----------------------------------------------------------------------------------------------------------------------------------
Consumer - Non-Durables - 2.1% Chattem, Inc.:
1,100,000 5.40% due 3/01/2010(c) 1,122,000
1,075,000 7% due 3/01/2014 1,104,562
5,350,000 Hines Nurseries, Inc., 10.25% due 10/01/2011 5,844,875
3,575,000 Samsonite Corporation, 8.875% due 6/01/2011 3,802,906
-------------
11,874,343
-----------------------------------------------------------------------------------------------------------------------------------
Diversified Media - 6.7% 3,575,000 CBD Media LLC, 8.625% due 6/01/2011 3,762,687
2,906,000 Dex Media West LLC, 9.875% due 8/15/2013 3,356,430
4,750,000 Houghton Mifflin Company, 8.25% due 2/01/2011 5,106,250
9,900,000 Liberty Media Corporation, 0.75% due 3/30/2023 (Convertible) 11,174,625
PRIMEDIA Inc.:
1,050,000 7.625% due 4/01/2008 1,050,000
2,600,000 8.875% due 5/15/2011 2,678,000
4,550,000 Six Flags, Inc., 9.50% due 2/01/2009 4,732,000
900,000 WDAC Subsidiary Corp., 8.375% due 12/01/2014(a) 900,000
5,649,000 Yell Finance BV, 9.795%* due 8/01/2011 5,479,530
-------------
38,239,522
-----------------------------------------------------------------------------------------------------------------------------------
Energy-Exploration & Production - 0.8% 4,250,000 Plains Exploration & Production Company, 8.75% due 7/01/2012 4,781,250
-----------------------------------------------------------------------------------------------------------------------------------
Energy-Other - 4.6% 4,500,000 Dresser, Inc., 9.375% due 4/15/2011 4,950,000
1,725,000 Dresser-Rand Group Inc., 7.375% due 11/01/2014(a) 1,772,437
3,800,000 Halliburton Company, 3.125% due 7/15/2023 (Convertible)(a) 4,835,500
6,425,000 Ocean Rig Norway AS, 10.25% due 6/01/2008 6,617,750
Star Gas Partners, LP:
3,650,000 10.25% due 2/15/2013 3,896,375
2,175,000 10.25% due 2/15/2013(a) 2,321,813
3,400,000 Trico Marine Services, Inc., 8.875% due 5/15/2012(b) 1,836,000
-------------
26,229,875
-----------------------------------------------------------------------------------------------------------------------------------
Financial - 0.9% 4,850,000 Refco Finance Holdings LLC, 9% due 8/01/2012(a) 5,286,500
-----------------------------------------------------------------------------------------------------------------------------------
Food / Tobacco - 5.8% Commonwealth Brands, Inc.(a):
1,000,000 9.75% due 4/15/2008 1,040,000
4,850,000 10.625% due 9/01/2008 5,044,000
2,000,000 Cosan SA Industria e Comercio, 9% due 11/01/2009(a) 2,050,000
5,500,000 Cott Beverages, Inc., 8% due 12/15/2011 5,981,250
2,250,000 Del Monte Corporation, 8.625% due 12/15/2012 2,514,375
4,125,000 Doane Pet Care Company, 10.75% due 3/01/2010 4,485,937
2,150,000 Merisant Company, 9.50% due 7/15/2013(a) 1,935,000
3,475,000 New World Pasta Company, 9.25% due 2/15/2009(b) 173,750
Smithfield Foods, Inc.:
2,250,000 7.625% due 2/15/2008 2,407,500
3,750,000 8% due 10/15/2009 4,125,000
2,150,000 Tabletop Holdings, Inc., 12.25%* due 5/15/2014(a) 978,250
2,625,000 The Wornick Company, 10.875% due 7/15/2011(a) 2,874,375
-------------
33,609,437
-----------------------------------------------------------------------------------------------------------------------------------
Gaming - 7.6% 5,750,000 Boyd Gaming Corporation, 8.75% due 4/15/2012 6,454,375
3,250,000 Inn of the Mountain Gods Resort and Casino, 12% due 11/15/2010 3,786,250
3,500,000 MGM Mirage Inc., 9.75% due 6/01/2007 3,880,625
6,150,000 The Majestic Star Casino, LLC, 9.50% due 10/15/2010 6,488,250
4,000,000 Park Place Entertainment Corporation, 7.875% due 3/15/2010 4,500,000
2,425,000 Pinnacle Entertainment, Inc., 8.25% due 3/15/2012 2,509,875
4,350,000 Poster Financial Group, Inc., 8.75% due 12/01/2011 4,469,625
4,550,000 Resorts International Hotel and Casino, Inc., 11.50%
due 3/15/2009 5,346,250
Wynn Las Vegas, LLC:
1,004,000 12% due 11/01/2010 1,265,040
4,850,000 6.625% due 12/01/2014(a) 4,765,125
-------------
43,465,415
-----------------------------------------------------------------------------------------------------------------------------------
Corporate High Yield Fund VI, Inc.
Schedule of Investments as of November 30, 2004 (continued) (in U.S. dollars)
Face
Industry+ Amount Corporate Bonds Value
-----------------------------------------------------------------------------------------------------------------------------------
Government - Foreign - 1.1% Federal Republic of Brazil:
$ 1,782,610 8% due 4/15/2014 $ 1,789,206
2,725,000 10.50% due 7/14/2014 3,120,125
1,375,000 Republic of Turkey, 7.25% due 3/15/2015 1,381,875
-------------
6,291,206
-----------------------------------------------------------------------------------------------------------------------------------
Health Care - 7.2% Alpharma, Inc.:
3,200,000 3% due 6/01/2006 (Convertible) 4,008,000
3,600,000 8.625% due 5/01/2011(a) 3,762,000
Elan Finance PLC(a):
2,650,000 6.51% due 11/15/2011 (c) 2,802,375
2,150,000 7.75% due 11/15/2011 2,241,375
Fisher Scientific International Inc.:
3,973,000 8.125% due 5/01/2012 4,424,929
1,000,000 8% due 9/01/2013 1,122,500
6,250,000 Fresenius Medical Care Capital Trust II, 7.875% due 2/01/2008 6,781,250
4,850,000 HealthSouth Corporation, 8.375% due 10/01/2011 4,898,500
Tenet Healthcare Corporation:
2,500,000 5.375% due 11/15/2006 2,512,500
1,900,000 9.875% due 7/01/2014(a) 2,042,500
4,500,000 US Oncology, Inc., 9% due 8/15/2012(a) 4,995,000
1,700,000 Vanguard Health Holding Company II, LLC, 9% due 10/01/2014(a) 1,806,250
-------------
41,397,179
-----------------------------------------------------------------------------------------------------------------------------------
Housing - 3.4% Building Materials Corporation of America:
2,500,000 8% due 10/15/2007 2,593,750
8,750,000 8% due 12/01/2008 9,034,375
1,200,000 Forest City Enterprises, Inc., 7.625% due 6/01/2015 1,270,500
3,250,000 Nortek, Inc., 8.50% due 9/01/2014(a) 3,493,750
2,700,000 Texas Industries, Inc., 10.25% due 6/15/2011 3,105,000
-------------
19,497,375
-----------------------------------------------------------------------------------------------------------------------------------
Information Technology - 4.9% 6,600,000 Advanced Micro Devices, Inc., 7.75% due 11/01/2012(a) 6,732,000
Amkor Technology, Inc.:
975,000 9.25% due 2/15/2008 955,500
3,225,000 7.125% due 3/15/2011 2,846,062
4,950,000 Cypress Semiconductor Corporation, 1.25% due 6/15/2008
(Convertible) 4,888,125
3,200,000 Freescale Semiconductor, Inc., 4.82% due 7/15/2009(c) 3,312,000
1,700,000 Quantum Corporation, 4.375% due 8/01/2010 1,710,625
1,925,000 UGS Corp., 10% due 6/01/2012(a) 2,194,500
5,600,000 Viasystems, Inc., 10.50% due 1/15/2011 5,432,000
-------------
28,070,812
-----------------------------------------------------------------------------------------------------------------------------------
Leisure - 1.9% FelCor Lodging LP:
2,500,000 9% due 6/01/2011 2,800,000
4,850,000 6.874% due 6/01/2011(c) 5,056,125
2,000,000 Intrawest Corporation, 7.50% due 10/15/2013 2,130,000
1,300,000 True Temper Sports, Inc., 8.375% due 9/15/2011 1,157,000
-------------
11,143,125
-----------------------------------------------------------------------------------------------------------------------------------
Manufacturing - 6.5% 1,375,000 Columbus McKinnon Corporation, 8.50% due 4/01/2008 1,371,562
5,900,000 EaglePicher Incorporated, 9.75% due 9/01/2013 6,047,500
5,925,000 Invensys PLC, 9.875% due 3/15/2011(a) 6,384,187
4,500,000 JohnsonDiversey, Inc., 9.625% due 5/15/2012 5,085,000
2,000,000 Mueller Group, Inc., 10% due 5/01/2012 2,170,000
1,500,000 Rexnord Corporation, 10.125% due 12/15/2012 1,695,000
1,625,000 Sensus Metering Systems Inc., 8.625% due 12/15/2013 1,673,750
3,050,000 Superior Essex Communications LLC, 9% due 4/15/2012 3,179,625
5,150,000 TriMas Corporation, 9.875% due 6/15/2012 5,330,250
2,750,000 Tyco International Group SA, 2.75% due 1/15/2018 (Convertible) 4,200,625
-------------
37,137,499
-----------------------------------------------------------------------------------------------------------------------------------
Metal - Other - 1.6% 3,050,000 Century Aluminum Company, 7.50% due 8/15/2014(a) 3,202,500
3,250,000 Foundation PA Coal Company, 7.25% due 8/01/2014(a) 3,477,500
2,250,000 Vale Overseas Ltd., 8.25% due 1/17/2034 2,311,875
-------------
8,991,875
-----------------------------------------------------------------------------------------------------------------------------------
Packaging - 5.6% 2,375,000 Consolidated Container Company LLC, 10.75%* due 6/15/2009 1,995,000
1,250,000 Crown Euro Holdings SA, 10.875% due 3/01/2013 1,478,125
Owens-Brockway Glass Container, Inc.:
5,650,000 8.875% due 2/15/2009 6,102,000
1,300,000 8.25% due 5/15/2013 1,413,750
Pliant Corporation:
3,875,000 11.125%* due 6/15/2009 3,487,500
6,055,000 13% due 6/01/2010 5,812,800
Tekni-Plex, Inc.:
4,725,000 12.75% due 6/15/2010 4,181,625
650,000 8.75% due 11/15/2013(a) 646,750
Corporate High Yield Fund VI, Inc.
Schedule of Investments as of November 30, 2004 (continued) (in U.S. dollars)
Face
Industry+ Amount Corporate Bonds Value
-----------------------------------------------------------------------------------------------------------------------------------
Packaging U.S. Can Corporation:
(concluded) $ 2,150,000 10.875% due 7/15/2010 $ 2,262,875
4,000,000 12.375% due 10/01/2010 3,720,000
1,150,000 Wise Metals Group LLC, 10.25% due 5/15/2012(a) 1,161,500
-------------
32,261,925
-----------------------------------------------------------------------------------------------------------------------------------
Paper - 7.0% 5,875,000 Abitibi-Consolidated Inc., 5.99% due 6/15/2011(c) 5,948,437
Ainsworth Lumber Co. Ltd.(a):
3,250,000 5.669% due 10/01/2010(c) 3,266,250
1,975,000 7.25% due 10/01/2012 1,975,000
Boise Cascade LLC(a):
450,000 5.005% due 10/15/2012(c) 461,250
850,000 7.125% due 10/15/2014 888,250
5,200,000 Bowater Incorporated, 5.49% due 3/15/2010(c) 5,226,000
3,450,000 Caraustar Industries, Inc., 9.875% due 4/01/2011 3,708,750
2,375,000 Georgia-Pacific Corporation, 9.375% due 2/01/2013 2,766,875
Graphic Packaging International Inc.:
1,875,000 8.50% due 8/15/2011 2,076,562
2,200,000 9.50% due 8/15/2013 2,508,000
4,000,000 JSG Funding PLC, 9.625% due 10/01/2012 4,560,000
1,500,000 Jefferson Smurfit Corporation, 8.25% due 10/01/2012 1,642,500
Norske Skog Canada Ltd.:
2,000,000 8.625% due 6/15/2011 2,150,000
1,200,000 7.375% due 3/01/2014 1,245,000
1,716,000 Western Forest Products Inc., 15% due 7/28/2009(g) 1,930,500
-------------
40,353,374
-----------------------------------------------------------------------------------------------------------------------------------
Retail - 0.4% 2,150,000 The Jean Coutu Group, Inc., 8.50% due 8/01/2014(a) 2,182,250
-----------------------------------------------------------------------------------------------------------------------------------
Services - 6.5% 4,600,000 Allied Waste North America, Inc., 8.875% due 4/01/2008 4,830,000
5,025,000 The Coinmach Corporation, 9% due 2/01/2010 5,276,250
4,500,000 Corrections Corporation of America, 7.50% due 5/01/2011 4,803,750
2,400,000 MSW Energy Holdings LLC, 8.50% due 9/01/2010 2,640,000
1,550,000 MSW Energy Holdings II LLC, 7.375% due 9/01/2010 1,635,250
5,525,000 United Rentals (North America), Inc., 7.75% due 11/15/2013(a) 5,304,000
5,350,000 Waste Services, Inc., 9.50% due 4/15/2014(a) 5,323,250
Williams Scotsman, Inc.:
6,500,000 9.875% due 6/01/2007 6,435,000
850,000 10% due 8/15/2008 943,500
-------------
37,191,000
-----------------------------------------------------------------------------------------------------------------------------------
Steel - 0.6% 2,450,000 CSN Islands VIII Corp., 9.75% due 12/16/2013(a) 2,627,625
700,000 UCAR Finance Inc., 10.25% due 2/15/2012 791,000
-------------
3,418,625
-----------------------------------------------------------------------------------------------------------------------------------
Telecommunications - 7.6% ADC Telecommunications, Inc. (Convertible):
4,000,000 1% due 6/15/2008 3,810,000
1,025,000 3.065% due 6/15/2013(c) 994,250
4,175,000 Alaska Communications System Holdings, Inc., 9.875%
due 8/15/2011 4,383,750
4,850,000 Cincinnati Bell Inc., 8.375% due 1/15/2014 4,837,875
FairPoint Communications, Inc.:
3,750,000 9.50% due 5/01/2008 3,750,000
2,000,000 12.50% due 5/01/2010 2,150,000
5,400,000 LCI International, Inc., 7.25% due 6/15/2007 5,116,500
2,925,000 Qwest Capital Funding, Inc., 7.25% due 2/15/2011 2,786,063
2,000,000 Qwest Services Corp., 14% due 12/15/2010(a) 2,370,000
1,600,000 Terremark Worldwide, Inc., 9% due 6/15/2009 (Convertible)(a) 1,504,000
1,450,000 Time Warner Telecom Holdings, Inc., 6.29% due 2/15/2011(c) 1,446,375
Time Warner Telecom, Inc.:
4,300,000 9.75% due 7/15/2008 4,278,500
6,375,000 10.125% due 2/01/2011 6,120,000
-------------
43,547,313
-----------------------------------------------------------------------------------------------------------------------------------
Transportation - 1.1% 3,050,000 Laidlaw International, Inc., 10.75% due 6/15/2011 3,511,313
2,500,000 Teekay Shipping Corporation, 8.875% due 7/15/2011 2,887,500
-------------
6,398,813
-----------------------------------------------------------------------------------------------------------------------------------
Utility - 12.0% The AES Corporation:
8,000,000 8.50% due 11/01/2007 8,120,000
4,000,000 9.375% due 9/15/2010 4,625,000
12,000,000 Calpine Canada Energy Finance ULC, 8.50% due 5/01/2008 8,580,000
Calpine Corporation:
2,375,000 8.25% due 8/15/2005 2,363,125
1,625,000 8.75% due 7/15/2007 1,332,500
7,800,000 CenterPoint Energy, Inc., 3.75% due 5/15/2023 (Convertible) 8,872,500
3,513,000 ESI Tractebel Acquisition Corp., 7.99% due 12/30/2011 3,698,346
3,250,000 Edison Mission Energy, 9.875% due 4/15/2011 3,843,125
4,300,000 El Paso CGP Company, 7.75% due 6/15/2010 4,429,000
3,500,000 Electricidad de Caracas Finance BV, 10.25% due 10/15/2014(a) 3,675,000
3,650,000 Mission Energy Holding Company, 13.50% due 7/15/2008 4,576,188
Corporate High Yield Fund VI, Inc.
Schedule of Investments as of November 30, 2004 (concluded) (in U.S. dollars)
Face
Industry+ Amount Corporate Bonds Value
-----------------------------------------------------------------------------------------------------------------------------------
Utility Nevada Power Company:
(concluded) $ 1,575,000 10.875% due 10/15/2009 $ 1,830,938
3,750,000 8.25% due 6/01/2011 4,312,500
1,150,000 9% due 8/15/2013 1,334,000
4,000,000 Sierra Pacific Power Company, 8% due 6/01/2008 4,390,000
875,000 Sierra Pacific Resources, 8.625% due 3/15/2014 997,500
1,650,000 Southern Natural Gas Company, 8.875% due 3/15/2010 1,860,375
-------------
68,840,097
-----------------------------------------------------------------------------------------------------------------------------------
Wireless - 3.7% 3,400,000 Centennial Communications Corp., 10.125% due 6/15/2013 3,706,000
5,000,000 Crown Castle International Corp., 9.375% due 8/01/2011 5,600,000
Rogers Wireless Inc.:
600,000 5.525% due 12/15/2010(a)(c) 621,000
250,000 8% due 12/15/2012(a) 259,375
5,850,000 6.375% due 3/01/2014 5,703,750
1,075,000 Rural Cellular Corporation, 6.99% due 3/15/2010(c) 1,107,250
4,925,000 SBA Telecommunications, Inc., 7.534%* due 12/15/2011 4,100,063
-------------
21,097,438
-----------------------------------------------------------------------------------------------------------------------------------
Total Investments in Corporate Bonds
(Cost - $743,729,841) - 135.2% 776,354,749
===================================================================================================================================
Shares
Held Common Stocks
-----------------------------------------------------------------------------------------------------------------------------------
Airlines - 0.2% 133,624 ABX Air, Inc.(f) 1,048,948
-----------------------------------------------------------------------------------------------------------------------------------
Cable - International - 0.9% 377,174 Telewest Global, Inc.(f) 5,521,827
-----------------------------------------------------------------------------------------------------------------------------------
Paper - 0.1% 78,039 Western Forest Products Inc.(f) 492,235
-----------------------------------------------------------------------------------------------------------------------------------
Telecommunications - 0.1% 27,927 MCI, Inc.(f) 526,703
-----------------------------------------------------------------------------------------------------------------------------------
Total Investments in Common Stocks (Cost - $4,905,353) - 1.3% 7,589,713
===================================================================================================================================
Preferred Stocks
-----------------------------------------------------------------------------------------------------------------------------------
Automotive - 1.1% 230,000 General Motors Corporation (Convertible) 6,152,500
-----------------------------------------------------------------------------------------------------------------------------------
Total Investments in Preferred Stocks
(Cost - $5,748,900) - 1.1% 6,152,500
===================================================================================================================================
Warrants (d)
-----------------------------------------------------------------------------------------------------------------------------------
Health Care - 0.0% 54,577 HealthSouth Corporation 122,798
-----------------------------------------------------------------------------------------------------------------------------------
Total Investments in Warrants (Cost - $0) - 0.0% 122,798
===================================================================================================================================
Total Investments (Cost - $754,384,094**) - 137.6% 790,219,760
Liabilities in Excess of Other Assets - (37.6%) (215,758,741)
-------------
Net Assets - 100.0% $ 574,461,019
=============
* Represents a zero coupon or step bond; the interest rate shown reflects
the effective yield at the time of purchase by the Fund.
** The cost and unrealized appreciation/depreciation of investments as of
November 30, 2004, as computed for federal income tax purposes, were as
follows:
--------------------------------------------------------------------------
Aggregate cost $ 755,229,039
=============
Gross unrealized appreciation $ 44,092,912
Gross unrealized depreciation (9,102,191)
-------------
Net unrealized appreciation $ 34,990,721
=============
+ For Fund compliance purposes, "Industry" means any one or more of the
industry sub-classifications used by one or more widely recognized market
indexes or ratings group indexes, and/or as defined by Fund management.
This definition may not apply for purposes of this report, which may
combine such industry sub-classifications for reporting ease.
(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) Floating rate loans in which the Fund invests generally pays interest at
rates that are periodically predetermined 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. Corporate loans represent
2.3% of the Fund's net assets.
(f) Non-income producing security.
(g) Represents a pay-in-kind security which may pay interest/dividends in
additional face/shares.
Investments in companies considered to be an affiliate of the Fund (such
companies are defined as "Affiliated Companies" in 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 $(6,541,525) $1,410
--------------------------------------------------------------------------
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.,
President
Corporate High Yield Fund VI, Inc.
Date: January 13, 2005
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.
President
Corporate High Yield Fund VI, Inc.
Date: January 13, 2005
By: /s/ Donald C. Burke
-----------------------
Donald C. Burke
Chief Financial Officer
Corporate High Yield Fund VI, Inc.
Date: January 13, 2005