How many DHY shares did Laura A. DeFelice subscribe for in the rights offering?

DeFelice subscribed for 20,000 DHY common shares through an over-subscription privilege. This amount is specifically footnoted and reflects additional participation beyond basic rights, executed at the offering’s subscription price of $1.75 per share, set by a net asset value formula.

DHY (NYSE: DHY) trustee increases stake through $1.75 rights offering

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

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.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider DeFelice Laura A

Role null

Type	Security	Shares	Price	Value
Other	common shares	18,933	$1.75	$33K
Other	common shares	20,000	$1.75	$35K

Holdings After Transaction: common shares — 75,734 shares (Direct, null)

Footnotes (1)

The transferable rights offering commenced on April 21, 2026 and expired 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. Represents 20,000 shares subscribed for by the Reporting Person pursuant to an over-subscription privilege under the rights offerings.

Key Figures

Over-subscription shares: 20,000 shares Second J-code transaction: 18,933 shares Rights offering subscription price: $1.75 per share +4 more

7 metrics

Over-subscription shares 20,000 shares Subscribed by reporting person under over-subscription privilege

Second J-code transaction 18,933 shares Additional “other” transaction in common shares on May 14, 2026

Rights offering subscription price $1.75 per share Set for the transferable rights offering

Restructuring shares total 38,933 shares Total shares involved in J-code restructuring transactions

NAV pricing formula 86% of NAV Subscription price set at 86% of net asset value per share

Rights offering period start April 21, 2026 Commencement of transferable rights offering

Rights offering expiration May 14, 2026 Expiration date used to determine subscription price

Key Terms

transferable rights offering, over-subscription privilege, subscription price, net asset value, +1 more

5 terms

transferable rights offering financial

"The transferable rights offering commenced on April 21, 2026 and expired 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.

over-subscription privilege financial

"Represents 20,000 shares subscribed for by the Reporting Person pursuant to an over-subscription privilege"

An over-subscription privilege is a feature of a share offering that lets existing investors request more shares than their initial entitlement, with any extra allocation given only if other investors do not take their full allotment. It matters because it gives shareholders a chance to increase their stake and avoid losing ownership percentage, much like ordering extra slices at a party in case others pass—however, receiving the extras is not guaranteed.

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.

J-code transaction financial

"transaction_code": "J" ... "transaction_code_description": "Other acquisition or disposition""

Form 4 Insider Transactions: What Each Field Means →

05/26/2026 - 08:42 AM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

DeFelice Laura A

(Last)

(First)

(Middle)

C/O 1285 AVENUE OF THE AMERICAS

(Street)

NEW YORK

10019

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
CREDIT SUISSE HIGH YIELD CREDIT FUND [ DHY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director		10% Owner
Officer (give title below)	X	Other (specify below)
		Chair of the Board and Trustee

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/14/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
common shares	05/14/2026		J		18,933⁽¹⁾	A	$1.75	75,734	D
common shares	05/14/2026		J		20,000⁽²⁾	A	$1.75	95,734	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The transferable rights offering commenced on April 21, 2026 and expired 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.

2. Represents 20,000 shares subscribed for by the Reporting Person pursuant to an over-subscription privilege under the rights offerings.

	/s/Karen Regan, as attorney-in-fact	05/26/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider activity did DHY trustee Laura A. DeFelice report?

Laura A. DeFelice reported two Form 4 “other” transactions in DHY common shares. These total 38,933 shares and are tied to a rights offering, rather than open-market buying or selling, making them more of a structural adjustment than a directional trade.

What were the key dates of the DHY transferable rights offering?

The DHY transferable rights offering commenced on April 21, 2026 and expired on May 14, 2026. These dates frame the window during which shareholders could exercise rights, participate in over-subscription privileges, and acquire new common shares at the discounted subscription price.

At what price were new DHY shares offered in the rights offering?

New DHY shares in the rights offering were priced at $1.75 per share. This subscription price was determined as 86% of DHY’s net asset value per common share at the close of trading on the NYSE American on the May 14, 2026 expiration date.

What does “over-subscription privilege” mean in the DHY rights offering?

The over-subscription privilege allowed eligible DHY holders to subscribe for additional shares beyond their basic rights allocation. DeFelice used this feature to subscribe for 20,000 extra shares at $1.75, increasing her stake through the rights mechanism rather than open-market purchases.