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/PRNewswire/ -- Credit Suisse High Yield Credit Fund (the "Fund") announced today that the Fund's Board of Trustees has approved changing the Fund's name to
NEW YORK, May 15, 2026 /PRNewswire/ -- Credit Suisse High Yield Credit Fund (NYSE American: DHY) (the "Fund") today announced the preliminary results of its transferable rights offering (the "Offer"). The Offer commenced on April 21, 2026 and expired on May 14, 2026 (the "Expiration Date").
Credit Suisse High Yield Credit Fund remains a hold, trading at a 9.8% discount to NAV but facing persistent headwinds from elevated interest rates. DHY's 10.1% yield is unsustainable, as distributions exceed earnings, risking future payout cuts and continued NAV erosion. The fund's resilience against defaults is offset by limited NAV growth and a decade-long capital decline, with all returns reliant on maintaining high distributions.
NEW YORK, April 14, 2026 /PRNewswire/ -- Credit Suisse High Yield Credit Fund (NYSE American: DHY) (the "Fund") announced today that its Board of Trustees has approved the terms of the issuance of transferable rights ("Rights") to the holders of the Fund's common shares of beneficial interest, par value $0.001 per share, (the "Common Shares") as of the record date, April 21, 2026 (the "Record Date"). Holders of these Rights will be entitled to subscribe for additional Common Shares (the "Offer") at a discount to market price.
Credit Suisse High Yield Credit Fund offers leveraged exposure to below-investment-grade fixed income, with a 9.3% yield and 4.76% discount. DHY's discount is currently wider than recent levels but in line with its decade-long average, providing what I believe to be limited near-term value upside. The fund's distribution is about 90% covered by net investment income, with payout stabilization after years of declines thanks to higher yields.
Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY - Get Free Report)'s share price passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $2.08 and traded as low as $1.98. Credit Suisse High Yield Bond Fund shares last traded at $1.99, with a volume of
Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY - Get Free Report)'s share price crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $2.09 and traded as low as $2.00. Credit Suisse High Yield Bond Fund shares last traded at $2.01, with a volume of
The Triple-Factor CEF Report screens over 400 funds for high yield (>6.5%), strong coverage (>90%), and discount to NAV, balancing yield, sustainability, and value. Top lists include funds with widest discounts, best z-scores, highest yields, and best combined metrics, offering potential for price appreciation and enhanced yields. Explore top lists for further research; these shortlists are not final buy/sell recommendations. Always verify coverage ratios with official fund documents.
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Transcripts source: company-published earnings calls. Speaker attribution and formatting are processed in-app.