Credit Suisse Fund’s 1-for-10 Reverse Share Split Kicks In Sept. 30
Shareholders of the Credit Suisse High Yield Credit Fund are about to see their share count shrink dramatically, even though the money in their accounts won’t change one bit. The fund’s Board of Trustees has approved a 1-for-10 reverse share split, a move set to take effect before markets open on the NYSE American on September 30, 2026, according to a company announcement.
Key takeaways
- The Board approved a 1-for-10 reverse share split of the fund’s common shares.
- The split takes effect before trading opens on NYSE American on September 30, 2026, for shareholders of record as of the close of business on September 29, 2026.
- Shares keep trading under the ticker DHY but will carry a new CUSIP number, 22544F202, replacing 22544F103.
- The fund’s name officially changes to UBS Asset Management High Yield Credit Fund on September 4, 2026.
- No fractional shares will be issued; leftover fractions will be sold and the cash distributed pro rata to affected shareholders.
Credit Suisse High Yield Credit Fund Approves 1-for-10 Reverse Share Split
The fund’s trustees signed off on the consolidation as part of a broader restructuring already underway at the entity, which is transitioning fully under the UBS umbrella following its earlier absorption of Credit Suisse. Under the terms of the plan, every ten shares currently outstanding will be folded into a single share once the transaction closes.
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