CREDIT SUISSE HIGH YIELD CREDIT FUND ANNOUNCES NAME CHANGE

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.

News Market Reaction – DHY

+1.16% 3.7x vol

1 alert

+1.16% Session close to close

$241.76M Market Cap

3.7x Rel. Volume

In the Jul 17 session, DHY gained 1.16%, reflecting a mild positive market reaction. Trading volume was very high at 3.7x the daily average, suggesting strong buying interest.

Data tracked by StockTitan Argus on the day of publication.

Market Context

Set against a market cap of $241,755,789 and low reported short positioning, this fund name change m...

Analysis

Set against a market cap of $241,755,789 and low reported short positioning, this fund name change mainly adjusts branding while leaving objectives and ticker intact; investors may instead watch how post-offering capital deployment and credit conditions influence future distributions and NAV behavior.

Key Figures

Name change effective date: September 4, 2026

1 metrics

Name change effective date September 4, 2026 Effective date for UBS Asset Management High Yield Credit Fund name

Historical Context

2 past events · Latest: May 15 (Negative)

Pattern 2 events

Date	Event	Sentiment	24h Move	Catalyst
May 15	Rights offering results	Negative	-0.6%	Announced oversubscribed rights offering issuing 34,536,541 new shares at $1.75.
Apr 14	Rights offering launch	Negative	-0.5%	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.

Pattern Detected

Recent 2026 rights-offering announcements were followed by small negative one-day moves, hinting at mildly risk-off reactions to dilutive events.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

NEW YORK, July 16, 2026 /PRNewswire/ -- Credit Suisse High Yield Credit Fund (the "Fund") announced today that the Fund's 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 (the "Name Change").

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 Zurich.

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

FAQ

What change did the DHY fund announce for September 2026?

The DHY fund plans to change its name to “UBS Asset Management High Yield Credit Fund” on or about September 4, 2026. According to the Fund, this is a name-only change without altering its investment objective or strategies.

Will the DHY ticker change after the Credit Suisse High Yield Credit Fund renaming?

No, the ticker will remain DHY after the renaming. According to the Fund, it will continue trading on the NYSE American under the same symbol even after adopting the new UBS Asset Management High Yield Credit Fund name.

Does the DHY fund name change affect its investment objective or strategy?

The name change does not affect DHY’s investment objective or strategies. According to the Fund, only the name will change, while its existing high-yield credit investment approach and objectives will remain the same for shareholders.

Do DHY shareholders need to vote on the UBS Asset Management High Yield Credit Fund name change?

Shareholders do not need to vote on the name change. According to the Fund, the Board of Trustees has already approved the new name, and the change does not require shareholder approval to become effective.

Who is the investment adviser to the DHY fund after the name change to UBS Asset Management High Yield Credit Fund?

The investment adviser remains UBS Asset Management (Americas) LLC. According to the Fund, this adviser is part of the Asset Management business of UBS Group AG, a global financial services organization headquartered in Zurich.