Credit Suisse HY Fund CIO shifts 6,500 shares
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.
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Form Type
4
Rhea-AI Filing Summary
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.
Insider Trade Summary
Other: 6,500 shares
Other
1 txn
Insider
Popp John G.
Role
Chief Investment Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | common shares | 6,500 | $1.75 | $11K |
Holdings After Transaction:
common shares — 26,000 shares (Direct)
Footnotes (1)
- F1. The transferable rights offering commenced on April 21, 2026 and expired on May 14, 2026 (the "Expiration Date"). The subscription price was $1.75 per share and was determined based upon a formula equal to 86% of the net asset value per common share at the close of trading on the NYSE American on the Expiration Date.
Key Figures
Rights offering shares: 6,500 shares
Subscription price: $1.75 per share
Post-transaction holdings: 26,000 shares
+3 more
6 metrics
Rights offering shares
6,500 shares
Common shares involved in "other" transaction on May 14, 2026
Subscription price
$1.75 per share
Price for rights offering common shares
Post-transaction holdings
26,000 shares
Common shares directly held by John G. Popp after transaction
Rights offering start
April 21, 2026
Commencement date of transferable rights offering
Rights offering expiration
May 14, 2026
Expiration Date used to set subscription price
NAV pricing factor
86% of NAV
Subscription price formula based on net asset value per share
Key Terms
transferable rights offering, subscription price, net asset value, Expiration Date
4 terms
transferable rights offering financial
"The transferable rights offering commenced on April 21, 2026 and expired on May 14, 2026"
A transferable rights offering is a company raising money by giving existing shareholders tradable tokens called “rights” that let them buy new shares at a set price. Think of it like a coupon that shareholders can either use to buy discounted stock, sell to someone else, or let expire; it matters to investors because exercising preserves ownership percentage while selling can provide cash, and the overall offering can dilute share value for those who do nothing.
subscription price financial
"The subscription price was $1.75 per share and was determined based upon a formula"
Subscription price is the set amount an investor pays to buy newly issued shares, bonds or units when a company offers them directly, such as in a rights issue or subscription offering. It matters because it determines how much an investor’s ownership cost will be, affects potential gains or losses and influences dilution of existing shareholders—think of it as a pre-order price that helps decide whether joining the new issue is worthwhile.
net asset value financial
"equal to 86% of the net asset value per common share at the close of trading"
Net asset value is the total value of an investment fund's assets minus any liabilities, divided by the number of shares or units outstanding. It represents the per-share worth of the fund, similar to how the value of a house is determined by its total worth after debts are subtracted. Investors use it to gauge the true value of their holdings and to compare different investment options.
Expiration Date financial
"expired on May 14, 2026 (the "Expiration Date"). The subscription price was $1.75 per share"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did DHY’s John G. Popp report on this Form 4?
John G. Popp reported an "other" transaction involving 6,500 common shares of CREDIT SUISSE HIGH YIELD CREDIT FUND. The shares were tied to a transferable rights offering and are not classified as a standard open-market buy or sell.
When did CREDIT SUISSE HIGH YIELD CREDIT FUND’s rights offering start and end?
The transferable rights offering for CREDIT SUISSE HIGH YIELD CREDIT FUND began on April 21, 2026 and expired on May 14, 2026, which the footnote identifies as the Expiration Date for determining the subscription price.
AI-generated analysis. How Rhea-AI works. Not financial advice.
