#United States #New York #Rights Offering #High Yield #Credit Suisse

Credit Suisse High Yield Credit Fund Announces Preliminary Results of Transferable Rights Offering

On May 15, 2026, Credit Suisse High Yield Credit Fund (NYSE American: DHY) publicly shared the preliminary results of its recent transferable rights offering, which has sparked considerable interest among investors. The offering, which began on April 21, 2026, and closed on May 14, 2026, allowed rights holders to subscribe to a total of 34,536,541 of the Fund's common shares of beneficial interest, each with a par value of $0.001.

The subscription price set for each common share was $1.75, determined based on an impressive formula that reflects 86% of the net asset value per share at the close of trading on the Expiration Date. This pricing strategy has contributed significantly to the offering being oversubscribed, indicating strong demand and investor confidence in the Fund's potential.

In total, the offering successfully issued 34,536,541 common shares, expected to generate gross proceeds of approximately $60.4 million. The proceeds are intended for reinvestment in accordance with the Fund's established investment objectives and policies. Once all shareholder payments have been received and a pro-rata allocation of common shares is finalized regarding the over-subscription privilege, the shares will be promptly issued.

The Credit Suisse High Yield Credit Fund operates as a diversified closed-end management investment company, which aligns with the Investment Company Act of 1940. The Fund's primary goal is to generate high current income, while capital appreciation serves as a secondary objective, provided it is consistent with its core investment strategy. Under typical conditions, the Fund allocates at least 80% of its net assets towards investments rated below investment grade, which often carry a higher yield potential, albeit with increased risk.

UBS Asset Management's Role
UBS Asset Management (Americas) LLC serves as the investment adviser for the Credit Suisse High Yield Credit Fund. As part of UBS Group AG, which is headquartered in Zurich, UBS Asset Management plays a critical role in guiding the fund's investment strategy and ensuring alignment with investor expectations.

Investor Considerations

This announcement serves not merely as an informative piece but also includes a significant disclaimer. It clarifies that this press release should not be construed as an offer to sell or a solicitation to purchase securities in any jurisdiction where such actions are prohibited by law. Furthermore, it emphasizes that comprehensive assessments of the Fund's objectives, risks, charges, and expenses are paramount for potential investors before engaging with the Fund. Such extensive information can be accessed through the Securities and Exchange Commission (SEC) and must be reviewed thoroughly prior to making any investment decisions.

A Forward-Looking Perspective

Included within this release are statements that could be identified as forward-looking, as defined under the Securities Act of 1933 and the Securities Exchange Act of 1934. These statements, while believed to reflect reasonable expectations, are subject to various assumptions, risks, and uncertainties that could lead to actual outcomes diverging materially from anticipated results.

Given the inherent risks associated with investing in closed-end funds—particularly concerning stock market fluctuations which may affect investment values—the Fund cannot guarantee achievement of its intended outcomes. Past performance should not be seen as a determinant of future results, and potential investors should consider these factors seriously before engaging with the Fund.

In conclusion, the Credit Suisse High Yield Credit Fund’s recent rights offering illustrates robust investor interest and its commitment to high yield income generation. With substantial funds raised, the Fund aims to continue its investment strategy effectively, responding to the dynamic financial market landscape.