Credit Suisse High Yield Credit Fund: insider trades · United States · SEC (Form 4)

About Credit Suisse High Yield Credit Fund

Credit Suisse High Yield Credit Fund is a U.S.-listed closed-end investment company focused on high-yield credit. The fund trades on NYSE American in the United States under the ticker DHY, which places it within the universe of exchange-listed income vehicles rather than traditional open-end mutual funds or passive bond ETFs. For French, Belgian, and Swiss investors, the key takeaway is that this is a specialist fixed-income product designed to generate high current income, with capital appreciation as a secondary objective. Because it is a leveraged closed-end fund, its share price can trade at a discount or premium to net asset value, and performance is influenced not only by underlying credit markets but also by market sentiment toward the fund structure itself. The fund began operations on July 28, 1998, following its initial public offering, and it was organized as a Delaware trust in the late 1990s. Its name changed on September 15, 2025, from Credit Suisse High Yield Bond Fund to Credit Suisse High Yield Credit Fund. That rebranding is modest in operational terms, but it better reflects the fund’s broader credit-oriented positioning. The vehicle originated in the Credit Suisse asset-management franchise in the United States, and since May 1, 2024, UBS Asset Management (Americas) LLC has served as the investment adviser following the integration of Credit Suisse into UBS AM (Americas). In practical terms, the fund invests primarily in high-yield debt instruments, including below-investment-grade corporate bonds and related credit securities, while also using short-term government or money market instruments as needed for liquidity management and pending investment. The objective is straightforward: seek high current income while maintaining the flexibility to pursue capital appreciation when credit conditions are favorable. That makes DHY a yield-focused instrument, but also one exposed to the usual risks of high yield credit: default risk, spread widening, interest-rate volatility, and the impact of leverage on net asset value. From a competitive standpoint, DHY sits in a crowded but differentiated U.S. closed-end fund market. Its appeal rests on three pillars: specialist high-yield exposure, an established brand history, and the structural possibility of using leverage to enhance distributable income. Unlike broader fixed-income funds, it is not trying to be all things to all investors; instead, it targets investors who are comfortable with higher credit risk in exchange for potentially attractive distributions. The fund’s principal office is in New York, New York, reinforcing its U.S.-centric operating base. Recent developments also matter. In 2026, the fund launched a rights offering to issue additional common shares and expand assets available for investment. That is a meaningful event for a closed-end fund, as it can improve scale and support portfolio deployment, but it also signals a willingness to grow the vehicle through capital-market transactions. Overall, Credit Suisse High Yield Credit Fund remains a U.S. NYSE American-listed high-yield credit franchise with a long operating history, an international legacy brand, and a portfolio strategy centered on income generation in the U.S. corporate credit market.