UBS Asset Management High Yield Credit Fund

DHY

時価総額 $2.22億

Credit Suisse High Yield Credit Fund is downgraded to 'Sell' due to elevated risk at current credit spread levels. DHY maintains a constant 23% leverage ratio and is overweight single-B credits, exposing it to significant downside in a risk-off environment. A 1-for-10 reverse share split is scheduled for September 2026 to address NYSE listing requirements, with no impact on underlying value.

NEW YORK, Aug. 18, 2026 /PRNewswire/ -- Credit Suisse High Yield Credit Fund (NYSE American: DHY) (the "Fund") announced today that the Fund's Board of Trustees (the "Board") has approved a 1-for-10 reverse share split of the Fund's common shares of beneficial interest ("common shares"). The Fund anticipates completing a 1-for-10 reverse share split prior to the open of trading on the NYSE American on September 30, 2026 for common shareholders of record as of the close of business on September 29, 2026.

Credit Suisse High Yield Credit Fund is rated a sell due to persistent NAV decline and unsustainable distributions. DHY's high 10.8% yield is offset by capital deterioration and net realized losses, especially in a high interest rate environment. The fund's unchanged distributions exceed earnings, further eroding NAV and share price despite a deeper-than-average discount to NAV.

NEW YORK, July 16, 2026 /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 "UBS Asset Management High Yield Credit Fund", effective on or about September 4, 2026 (the "Name Change"). The Name Change does not require shareholder approval, and no changes are being made to the Fund's investment objective or strategies.

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.

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.

Credit Suisse High Yield Bond offers a 9% yield but faces limited growth prospects due to high leverage and elevated interest rates. DHY trades at a narrow 3.3% discount to NAV, near the high end of its historical range, making current accumulation less attractive. The fund's distributions rely heavily on net investment income, but inconsistent earnings and high-risk holdings raise concerns about long-term sustainability.