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

Credit Suisse High Yield Credit Fund (NYSE American: DHY) has successfully completed its transferable rights offering, raising approximately $60.4 million. The offering, which commenced on April 21, 2026, and expired on May 14, 2026, allowed rights holders to subscribe for a total of 34,536,541 common shares at a subscription price of $1.75 per share. The offering was oversubscribed, reflecting strong demand among investors for the Fund's shares.

The Credit Suisse High Yield Credit Fund is a diversified closed-end management investment company, primarily focused on generating high current income while also seeking capital appreciation. The Fund's investment strategy typically involves allocating at least 80% of its net assets to investments rated below investment grade quality, positioning it to capitalize on opportunities in the high-yield market. The successful fundraising is expected to enhance the Fund's ability to pursue its investment objectives, particularly in a volatile economic environment where high-yield opportunities may be more prevalent.

UBS Asset Management (Americas) LLC serves as the investment adviser for the Credit Suisse High Yield Credit Fund. As part of the broader UBS Group AG, a leading global financial services organization, UBS AM (Americas) brings significant expertise in managing diversified investment portfolios. The completion of this rights offering will enable the Fund to further leverage its investment capabilities and potentially improve returns for its investors.

The oversubscription of the offering highlights the current investor appetite for high-yield investments, particularly as interest rates remain relatively low and market conditions continue to evolve. Investors are increasingly seeking out yield-generating assets, and the Fund's focus on below-investment-grade securities aligns with this trend. The demand for shares indicates confidence in the Fund's strategic direction and its ability to navigate the complexities of the high-yield market.

Looking ahead, the successful completion of this rights offering may have broader implications for the closed-end fund sector. As funds like the Credit Suisse High Yield Credit Fund continue to attract capital, it could signal a resurgence in interest for high-yield investments, potentially leading to increased competition among funds for attractive investment opportunities. This trend may also encourage other funds to explore similar fundraising strategies to meet investor demand and enhance their portfolios.