Credit Suisse High Yield Credit Fund (NYSE American: DHY) approved a 1-for-10 reverse share split of its common shares, expected to take effect before trading opens on September 30, 2026 for shareholders of record on September 29, 2026. DHY will keep its ticker but receive a new CUSIP, changing from 22544F103 to 22544F202. The Fund states that total shareholder investment value and portfolio holdings will be unchanged, though each account will show one-tenth as many shares at a proportionally higher NAV per share. Fractional shares will be cashed out. The Fund’s name is expected to change to UBS AssetManagement High Yield Credit Fund on September 4, 2026.
Credit Suisse High Yield Credit Fund (NYSE American: DHY) announced that its Board of Trustees has approved changing the Fund's name to “UBS Asset Management High Yield Credit Fund”, effective on or about September 4, 2026.
According to the Fund, the name change will not alter its investment objective or strategies, and shareholder approval is not required. The Fund will continue to trade on the NYSE American under the existing ticker symbol “DHY” after the change. UBS Asset Management (Americas) serves as the Fund's investment adviser and is part of UBS Group AG's global asset management business.
Credit Suisse High Yield Credit Fund (NYSE American: DHY) announced preliminary results of its transferable rights offering, which commenced April 21, 2026 and expired May 14, 2026.
The offer was oversubscribed, issuing 34,536,541 new common shares at $1.75 each, for expected gross proceeds of about $60.4 million, to be invested under existing objectives and policies.
Credit Suisse High Yield Credit Fund (NYSE American: DHY) announced a transferable rights offering for holders of record on April 21, 2026. Each Common Share will receive one Right; three Rights purchase one new share. The Offer is expected to expire on May 14, 2026 and Rights to trade as DHY RT through May 13, 2026. Subscription price equals the higher of 92.5% of five-day average market price or 86.0% of NAV. Proceeds expected to fund senior loans and CLOs; offering expenses borne by the Fund.