CREDIT SUISSE HIGH YIELD CREDIT FUND ANNOUNCES NAME CHANGE
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.
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Rhea-AI Summary
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.
Details
News Market Reaction – DHY
On Jul 17, the first trading day after this news, DHY closed 1.16% above the previous close. That session’s volume was 4.7x the stock’s average daily volume.
Data tracked by StockTitan Argus for the Jul 17 session.
Key Figures
- Name change effective date
- September 4, 2026
- Effective date for UBS Asset Management High Yield Credit Fund name
Historical Context
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Announced oversubscribed rights offering issuing 34,536,541 new shares at $1.75.
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Declared transferable rights offering with discounted subscription formula and May 14 expiry.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
The Name Change does not require shareholder approval, and no changes are being made to the Fund's investment objective or strategies. The Fund will continue to trade on the NYSE American LLC under the trading symbol "DHY" after the Name Change takes effect.
UBS Asset Management (Americas) LLC, the Fund's investment adviser, is part of the Asset Management business of UBS Group AG, a leading global financial services organization headquartered in
View original content:https://www.prnewswire.com/news-releases/credit-suisse-high-yield-credit-fund-announces-name-change-302828058.html
SOURCE UBS Asset Management (Americas) LLC
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