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Credit Suisse High Yield Credit Fund Announces Transferable Rights Offering

In a significant move for investors, the Credit Suisse High Yield Credit Fund (NYSE American: DHY) is poised to initiate a Transferable Rights Offering. Approved by the Fund's Board of Trustees, this initiative aims to give existing shareholders the opportunity to acquire additional shares under favorable conditions. The announcement made on April 14, 2026, outlines the parameters of this offering, which will become effective by April 21, 2026.

Key Features of the Offering

As per the details released, shareholders of the Fund holding common shares as of the record date will receive one transferable right for each share owned. A total of three rights will be necessary to purchase one newly issued common share at a subscription price yet to be determined. This strategy is crafted to maximize the benefits for investors by allowing them to increase their stake at a discount.

Reasons Behind the Offering

UBS Asset Management (Americas), the Fund's adviser, cites current high yield market conditions as an optimal backdrop for raising additional capital. With stable issuer fundamentals and an encouraging environment for capital deployment, the Fund aims to invest the proceeds in high yield credit opportunities, particularly in senior loans and collateralized loan obligations, to enhance yield.

The Fund's approach reflects a belief that the macroeconomic landscape is favorable to effectively navigating the high yield credit markets. The adviser notes that the combination of strong loan markets and disciplined leverage provides an environment conducive to making sound investment decisions. Moreover, increasing the Fund's assets may also help in reducing the expense ratio, as fixed costs will be shared across a wider asset base, potentially increasing liquidity and trading volume.

Terms and Conditions

In this rights offering:

• - Record Date: April 21, 2026.
• - Subscription Price: To be determined upon expiration, expected on May 14, 2026.
• - Rights Trading: The rights will be transferable and trading under the symbol