UBS Asset Management High Yield Credit Fund (DHY) is the issuer in a joint report by First Trust Portfolios L.P., First Trust Advisors L.P. and The Charger Corporation. The report lists a beneficial-ownership amount of 2,383,661 common shares, or 17.25% of the class.
The entities report shared dispositive power over 2,383,661 shares and zero sole or shared voting power, and each disclaims beneficial ownership. First Trust-sponsored unit investment trusts hold issuer shares; their trustees ordinarily vote those shares in the same manner and general proportion as shares held by other owners.
UBS Asset Management High Yield Credit Fund (DHY) is the subject of a joint Schedule 13G amendment by First Trust Portfolios L.P., First Trust Advisors L.P., and The Charger Corporation. Each reports beneficial ownership of 2,174,448 common shares, or 1.57%, with shared dispositive power and no voting power.
The reporting persons say unit investment trust shares are voted by the trusts’ trustee, and each disclaims beneficial ownership of the shares identified.
Credit Suisse High Yield Credit Fund common shares are reported as beneficially owned by First Trust Portfolios L.P., First Trust Advisors L.P., and The Charger Corporation in Amendment No. 24 to Schedule 13G. They report beneficial ownership of 21,633,208 shares, representing 15.66% of the fund’s common share class as of June 30, 2026.
The shares are primarily held in unit investment trusts and other investment vehicles sponsored or advised by First Trust entities. The reporting persons have no power to vote these shares and only share dispositive power over 21,633,208 shares; voting is carried out by the unit investment trust trustee, generally in line with other shareholders. No single unit investment trust holds more than 3% of any registered investment company’s shares, and each reporting person disclaims beneficial ownership.
CREDIT SUISSE HIGH YIELD CREDIT FUND ownership disclosure: Sit Investment Associates, Inc. and Sit Fixed Income Advisors II, LLC report shared beneficial ownership of 17,806,203 shares of Common Stock, representing 12.9% of the class. The percentage is calculated using October 31, 2025 outstanding shares of 138,146,165, adjusted for the issuer's rights offering on May 14, 2026. The filing states the shares are owned by client accounts managed by the advisers and that the advisers disclaim beneficial ownership pursuant to Rule 13d-4. The filing is a joint disclosure signed by Paul E. Rasmussen on June 4, 2026.
Credit Suisse High Yield Credit Fund trustee Laura A. DeFelice reported two “other” transactions in common shares linked to a transferable rights offering. The fund’s rights offering ran from April 21, 2026 through May 14, 2026 at a subscription price of $1.75 per share. One footnoted transaction reflects DeFelice subscribing for 20,000 shares under an over-subscription privilege, with pricing set at 86% of net asset value per common share on the expiration date.
CREDIT SUISSE HIGH YIELD CREDIT FUND Chief Investment Officer and trustee John G. Popp reported an "other" transaction involving 6,500 common shares at $1.75 per share. The shares were obtained through a transferable rights offering that commenced on April 21, 2026 and expired on May 14, 2026. Following this rights-based restructuring, Popp directly holds 26,000 common shares of the fund.
CREDIT SUISSE HIGH YIELD CREDIT FUND trustee Charles Gerber reported two “other” transactions in common shares linked to a transferable rights offering. One reflects 6,963 shares subscribed at $1.75 per share under an over-subscription privilege. Following these transactions, he directly holds 28,296 and 21,333 common shares in separate positions.
Credit Suisse High Yield Credit Fund trustee Charles Gerber reported two "J" code transactions in common stock tied to a transferable rights offering. He subscribed for 6,964 shares at $1.75 per share under an over-subscription privilege, with additional restructuring of 5,333 shares during the same event. The rights offering ran from April 21, 2026 to May 14, 2026 and was priced at 86% of net asset value per common share on the expiration date.
Credit Suisse High Yield Credit Fund filed Post-Effective Amendment No. 1 to its Form N-2 to furnish exhibits to its registration statement and states this amendment "shall become effective immediately upon filing" pursuant to Rule 462(d). The amendment incorporates the 2025 Annual Report and audited financial statements for the fiscal year ended October 31, 2025, lists executed and filed agreements and exhibits, and includes an estimated expense table totaling $562,850.
Credit Suisse High Yield Credit Fund is offering 34,536,541 additional Common Shares through a transferable rights offering. Record Date holders on April 21, 2026 receive one Right per share; three Rights purchase one Common Share. The estimated Subscription Price is $1.75, determined by a 92.5% formula of recent market prices or an 86%‑of‑NAV floor. The Rights trade as DHY RT on NYSE American and expire at 5:00 p.m. ET on May 14, 2026 unless extended. The Fund expects net proceeds of approximately $57.35M, intends to invest in high yield credit (including senior loans and CLOs), and projects leverage falling from 28% to 23% post‑offering. The Prospectus Supplement discusses dilution, over‑subscription privileges, Dealer Manager arrangements, fees (3.75% sales load), and subscription mechanics.