Credit Suisse High Yield Credit Fund reported a joint Schedule 13G/A filing showing 20,645,947 shares of Common stock beneficially owned, representing 19.93% of the class. The position is reported jointly by First Trust Portfolios L.P., First Trust Advisors L.P. and The Charger Corporation, with shared dispositive power over the shares and a joint filing pursuant to Rule 13d-1(k)(1).
The filing states that unit investment trusts sponsored by First Trust hold these shares, that no single unit trust holds more than 3%, and that the reporting parties disclaim beneficial ownership of the shares held by those trusts.
CREDIT SUISSE HIGH YIELD CREDIT FUND trustee Charles Gerber reported an open-market purchase of common shares. He bought 16,000 shares at a price of $1.88 per share, and now directly holds 16,000 common shares following this transaction.
Credit Suisse High Yield Credit Fund filed a preliminary base prospectus to register $215,000,000 of common shares and related rights.
The filing states the Fund had 103,609,624 shares outstanding as of March 27, 2026; NAV was $1.99 per share and the market price was $1.84 per share on that date (a 7.54% discount). The Fund describes its strategy of seeking high current income, use of leverage (targeting roughly 25%–32% of total assets and up to 33 1/3% by rule), and intends to invest offering proceeds in accordance with its investment policies.
Credit Suisse High Yield Credit Fund is holding its annual shareholder meeting on April 21, 2026 at UBS Asset Management’s New York offices. Shareholders will vote on one key item: electing two non-interested trustees, Charles W. Gerber and Samantha Kappagoda, each for a three-year term ending at the 2029 annual meeting.
The board, which is majority independent and led by Chair Laura A. DeFelice, unanimously recommends a vote “FOR” both nominees. As of the March 12, 2026 record date, there were 103,609,624 shares outstanding, with each share entitled to one vote.
Non-interested trustees received retainers and committee fees during the fiscal year ended October 31, 2025, with total remuneration from the fund of $230,165. Ernst & Young LLP serves as independent registered public accounting firm, with audit fees of $43,700 for each of the last two fiscal years and no non-audit fees billed.
DHY submitted a Form N-CEN annual report providing fund governance and operational disclosures. The filing documents $8,718,876.15 as the monthly average value of portfolio securities on loan and $47,582 as net income from securities lending during the reporting period. The report lists multiple principal transaction counterparties with reported aggregate values per counterparty, including a largest listed entry of $245,571,577.17 for purchases and sales with the fund.
Credit Suisse High Yield Credit Fund reported a positive year for the 12 months ended October 31, 2025, but trailed its benchmark. The fund delivered a 5.68% total return at net asset value and 6.59% at market price, compared with 8.00% for the ICE BofA US High Yield Constrained Index.
Net investment income was $17.4 million, supporting regular distributions, while realized and unrealized losses of about $5.0 million reduced overall results. Net assets were $221.7 million with a net asset value of $2.14 per share and market price of $2.09, reflecting a small discount.
The portfolio remained focused on below‑investment‑grade corporate bonds and bank loans, with meaningful exposure to BB and B rated credits. The fund uses leverage through a $95 million loan facility, contributing to a relatively high net expense ratio of 3.62% but also helping generate a 7.72% net investment income yield on average net assets.
Credit Suisse High Yield Credit Fund is a diversified, closed-end fund that invests mainly in below‑investment‑grade bonds and loans to seek high current income, with capital appreciation as a secondary goal. This registration statement allows the fund to offer, from time to time, common shares and subscription rights to buy additional shares, with net proceeds invested in line with its high yield strategy.
The fund uses leverage through a bank credit facility and other borrowings, targeting up to 33 1/3% of total assets, which can amplify both income and losses. It pays dividends monthly and has historically traded on the NYSE American under the symbol DHY at both premiums and discounts to net asset value, so market price may differ from underlying portfolio value. Key risks include leverage, exposure to lower‑rated “junk” securities, complex instruments such as CLOs and credit default swaps, and liquidity and valuation risks in stressed markets.
Credit Suisse High Yield Credit Fund (DHY) received Amendment No. 22 to Schedule 13G from First Trust Portfolios L.P., First Trust Advisors L.P., and The Charger Corporation. The filers report beneficial ownership of 22,260,656 common shares, representing 21.49% of the class as of September 30, 2025.
The filing lists 0 sole or shared voting power and 22,260,656 shared dispositive power. Shares are held across First Trust–sponsored unit investment trusts and other advised vehicles; trustees vote UIT shares to mirror outside holders. The filers disclaim beneficial ownership and certify the holdings were acquired in the ordinary course and not to change or influence control.