| Corporate High Yield Fund III, Inc. | |||
| Ticker: | CYE | 800 Scudders Mill Road | |
| Exchange: | New York Stock Exchange | Plainsboro, NJ 08536 | |
| Industry: | Financial (SIC Code 6726) | (609) 282-2800 | |
| Type of Shares: | Common Shares | Filing Date: | 11/18/97 | |
| U.S. Shares: | 6,700,000 | Offer Date: | 2/2/98 | |
| Non-U.S. Shares: | 0 | Filing Price: | $15.00 | |
| Primary Shares: | 6,700,000 | Offer Price: | $15.00 | |
| Secondary Shares: | 0 | Gross Spread: | ||
| Offering Amount: | $100,500,000 | Selling: | ||
| Expenses: | - | Reallowance: | ||
| Shares Out After: | - | |||
| Type of fund: | High Yield Bond | |||
| Manager | Tier | Phone |
| Merrill Lynch & Co. | Lead Manager | (212) 449-4600 |
| Issuer's Law Firm: | Brown & Wood |
| Bank's Law Firm: | Brown & Wood |
| Auditor: | Ernst & Young |
| Registrar/Transfer Agent: | Bank of New York |
| Business Description |
| The company is a closed end investment trust. The investment objective of the fund is to seek current income by investing principally in fixed income securities which are rated in the lower rating categories of the established rating agencies. |
| Use of Proceeds |
| The proceeds from the proposed offering will be invested in accordance with the fund's investment objective. |