Credit Suisse High Yield Credit Fund approves 1-for-10 reverse share split for Sept. 30, 2026

Credit Suisse High Yield Credit Fund said its Board of Trustees approved a 1-for-10 reverse share split of its common shares, with completion expected before trading opens on NYSE American on Sept. 30, 2026, for shareholders of record at the close of business on Sept. 29. Trading on a split-adjusted basis is expected to start at the open on Sept. 30, while the fund will continue to trade under the DHY ticker and move from CUSIP 22544F103 to 22544F202. The fund said every 10 outstanding common shares will be converted into one share, reducing shares outstanding and potentially lifting the market price per share by a proportional amount without changing portfolio holdings or the total value of shareholders' investments. Fractional shares will not be issued; instead, the fund's transfer agent will aggregate and sell them on NYSE American and distribute net proceeds pro rata to affected holders. The fund and UBS Asset Management (Americas) LLC said the higher share price may broaden the potential investor base, improve liquidity, and reduce per-share transaction costs in the secondary market. The release also said the fund's name is scheduled to change to UBS AssetManagement High Yield Credit Fund effective Sept. 4, 2026.

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