Credit Suisse High Yield Credit Fund (NYSE: DHY) details rights offering moves

Rhea-AI Filing Summary

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.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Gerber Charles

Role null

Type	Security	Shares	Price	Value
Other	common stock	5,333	$1.75	$9K
Other	common stock	6,964	$1.75	$12K

Holdings After Transaction: common stock — 21,333 shares (Direct, null)

Footnotes (1)

1. The transferable rights offering commenced on April 21, 2026 and expired on May 14, 2026. 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 6,964 shares subscribed for by the Reporting Person pursuant to an over-subscription privilege under the right offering. Shareholders as of the rights offering record date who exercised all rights issued to them were entitled to subscribe for additional common shares at the subscription price. If sufficient common shares are not available to honor all over-subscription requests, available common shares will be allocated pro rata among the Record Date Shareholders who over-subscribe, based on the number of rights issued to them by the Issuer on the record date.

Key Figures

Over-subscription shares: 6,964 shares Additional J-code shares: 5,333 shares Subscription price: $1.75 per share +4 more

7 metrics

Over-subscription shares 6,964 shares Subscribed for by reporting person via over-subscription privilege

Additional J-code shares 5,333 shares Other "J" code transaction in common stock on same date

Subscription price $1.75 per share Price for common shares in rights offering

Restructuring shares total 12,297 shares Total shares in restructuring-type transactions per summary

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

Rights offering period end May 14, 2026 Expiration date of transferable rights offering

Pricing formula 86% of NAV per share Basis for subscription price on expiration date

Key Terms

transferable rights offering, subscription price, over-subscription privilege, record date, +1 more

5 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 equal to 86% of the net asset value per common share."

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.

over-subscription privilege financial

"Represents 6,964 shares subscribed for by the Reporting Person pursuant to an over-subscription privilege under the right offering."

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.

record date financial

"Shareholders as of the rights offering record date who exercised all rights issued to them were entitled to subscribe for additional common shares."

The record date is the specific day when a company determines which shareholders are eligible to receive a dividend or participate in an upcoming vote. It’s like a cutoff date; if you own the stock on that day, you get the benefits or voting rights. This date matters because it decides who qualifies for certain company benefits.

net asset value financial

"equal to 86% of the net asset value per common share at the close of trading on the NYSE American on the Expiration Date."

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.

Form 4 Insider Transactions: What Each Field Means →

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^*

Gerber Charles

(Last) (First) (Middle)

C/O UBS ASSET MANAGEMENT (AMERICAS) LLC

1285 AVENUE OF THE AMERICAS

(Street)

NEW YORK 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)
			Trustee

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026

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)
			Code	V	Amount	(A) or (D)	Price
common stock	05/01/2026	05/14/2026	J		5,333(1)	A	$1.75	21,333	D
common stock	05/01/2026	05/14/2026	J		6,964(2)	A	$1.75	28,297	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The transferable rights offering commenced on April 21, 2026 and expired on May 14, 2026. 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 6,964 shares subscribed for by the Reporting Person pursuant to an over-subscription privilege under the right offering. Shareholders as of the rights offering record date who exercised all rights issued to them were entitled to subscribe for additional common shares at the subscription price. If sufficient common shares are not available to honor all over-subscription requests, available common shares will be allocated pro rata among the Record Date Shareholders who over-subscribe, based on the number of rights issued to them by the Issuer on the record date.

	/s/Karen Regan, as attorney-in-fact	05/15/2026
	** 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)

FAQ

What insider transactions did Charles Gerber report for DHY?

Charles Gerber reported two Form 4 transactions coded "J" in DHY common stock. These involved 6,964 shares subscribed via over-subscription and 5,333 additional shares in other restructuring activity linked to a transferable rights offering.

What was the subscription price in the DHY rights offering?

The subscription price in the DHY transferable rights offering was $1.75 per share. This price was set at 86% of the fund’s net asset value per common share on the NYSE American at the close of trading on the expiration date.

How many DHY shares did Charles Gerber subscribe for under the over-subscription privilege?

Charles Gerber subscribed for 6,964 DHY common shares under the rights offering’s over-subscription privilege. This applied to shareholders who exercised all their basic rights and then requested additional shares at the same subscription price.

When did the DHY transferable rights offering occur?

The DHY transferable rights offering began on April 21, 2026 and expired on May 14, 2026. Shareholders of record during this period could exercise rights, subscribe for common shares, and request additional shares under the over-subscription privilege.

How was the DHY rights offering subscription price determined?

The DHY subscription price was based on a formula equal to 86% of net asset value per common share. The fund calculated this using the NAV at the close of trading on the NYSE American on the rights offering expiration date.