Form 4: Credit Suisse High Yield Fund: Insider Buys Shares

Laura A. DeFelice, Chair of the Board and Trustee of Credit Suisse High Yield Credit Fund, acquired additional shares through a rights offering and over-subscription privilege.

Summary

• Laura A. DeFelice, Chair of the Board and Trustee of Credit Suisse High Yield Credit Fund (DHY), reported a transaction on May 14, 2026.
• She acquired 18,933 common shares at a price of $1.75 per share through a rights offering.
• Additionally, she acquired 20,000 common shares through an over-subscription privilege in the same rights offering, also at $1.75 per share.
• Following these transactions, her total beneficial ownership is 95,734 shares.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing due to the insider purchase, indicating confidence, but it's a routine disclosure of a rights offering participation.

Positives

• Insider buying activity, as indicated by the reporting person's acquisition of shares, can be seen as a positive signal of confidence in the company's prospects.
• The acquisition of shares through a rights offering and over-subscription privilege suggests a belief in the value proposition of the fund at the subscription price.

Future Outlook

The filing does not contain specific forward-looking statements or guidance regarding the fund's future performance. The subscription price was determined based on 86% of the net asset value per common share at the close of trading on the NYSE American on the Expiration Date.

Industry Context

StockSavvy.ai notes that insider transactions, particularly purchases, in closed-end funds like Credit Suisse High Yield Credit Fund can signal management's conviction in the fund's current valuation and future prospects, especially when occurring during a rights offering.

Stakeholder Impact

• Shareholders: The rights offering provides an opportunity for existing shareholders to increase their stake in the fund, potentially at a discount to NAV.
• Management: The participation of a key insider (Chair of the Board and Trustee) in the rights offering and over-subscription privilege signals confidence in the fund's value.

Key Dates

Keywords

Credit Suisse High Yield Credit Fund, DHY, Form 4, Insider Transaction, Rights Offering, Share Acquisition, Beneficial Ownership, Laura A. DeFelice