Form 4: UBS Asset Management Executive Laura A. DeFelice Acquires Shares in Credit Suisse High Yield Bond Fund

Laura A. DeFelice, a Trustee and Chair of the Board at Credit Suisse High Yield Bond Fund, acquired 56,801 common shares on January 21, 2025.

Summary

• Laura A. DeFelice, a Trustee and Chair of the Board at Credit Suisse High Yield Bond Fund, purchased 56,801 common shares of the fund.
• The transaction occurred on January 21, 2025.
• The shares were acquired at a price of $2.13 per share.
• Following the transaction, Ms. DeFelice beneficially owns 66,653 common shares.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of an insider transaction, which is neither positive nor negative in itself. It reflects standard corporate governance practices.

Positives

• The purchase of shares by a key executive may signal confidence in the fund's future performance.

Industry Context

This transaction is a routine disclosure of insider trading activity and is common in the financial industry.

Comparison to Industry Standards

• Insider trading disclosures are a standard practice for publicly traded companies and funds.
• The transaction is similar to other Form 4 filings made by executives and board members across the industry.
• The size of the transaction is not unusual for a board member of a fund of this size.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder confidence due to the insider purchase.

Key Dates

Keywords

Credit Suisse High Yield Bond Fund, Laura A. DeFelice, share acquisition, insider trading, common shares, trustee, board chair