<p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="legendSpan...

<p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">NEW YORK</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">Aug. 18, 2026</span> /PRNewswire/ -- Credit Suisse High Yield Credit Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/DHY">DHY</a>) (the &#34;Fund&#34;) announced today that the Fund&#39;s Board of Trustees (the &#34;Board&#34;) has approved a 1-for-10 reverse share split of the Fund&#39;s common shares of beneficial interest (&#34;common shares&#34;).</p>
<p xmlns="http://www.w3.org/1999/xhtml">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. Trading in the Fund&#39;s common shares on a split adjusted basis is expected to begin at the open of trading on the NYSE American on September 30, 2026. The Fund&#39;s common shares will continue trading on the NYSE American under its existing ticker symbol (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/DHY">DHY</a>) but will be assigned the new CUSIP number below.</p><div xmlns="http://www.w3.org/1999/xhtml"><table xmlns="http://www.w3.org/1999/xhtml" border="0" cellspacing="0" cellpadding="0" class="prnbcc"><tr xmlns="http://www.w3.org/1999/xhtml"><td xmlns="http://www.w3.org/1999/xhtml" class="prngen2" colspan="1" rowspan="1" nowrap="nowrap"><p xmlns="http://www.w3.org/1999/xhtml" class="prnml4"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">Ticker</b></span></p></td><td xmlns="http://www.w3.org/1999/xhtml" class="prngen2" colspan="1" rowspan="1" nowrap="nowrap"><p xmlns="http://www.w3.org/1999/xhtml" class="prnml4"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">Fund Name</b></span></p></td><td xmlns="http://www.w3.org/1999/xhtml" class="prngen2" colspan="1" rowspan="1" nowrap="nowrap"><p xmlns="http://www.w3.org/1999/xhtml" class="prnml4"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">Current CUSIP</b></span></p></td><td xmlns="http://www.w3.org/1999/xhtml" class="prngen2" colspan="1" rowspan="1" nowrap="nowrap"><p xmlns="http://www.w3.org/1999/xhtml" class="prnml4"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">New CUSIP</b></span></p></td></tr><tr xmlns="http://www.w3.org/1999/xhtml"><td xmlns="http://www.w3.org/1999/xhtml" class="prngen2" colspan="1" rowspan="1" nowrap="nowrap"><p xmlns="http://www.w3.org/1999/xhtml" class="prnml4"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">DHY</span></p></td><td xmlns="http://www.w3.org/1999/xhtml" class="prngen2" colspan="1" rowspan="1" nowrap="nowrap"><p xmlns="http://www.w3.org/1999/xhtml" class="prnml4"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Credit Suisse High Yield Credit Fund&#x2A;</span></p></td><td xmlns="http://www.w3.org/1999/xhtml" class="prngen2" colspan="1" rowspan="1" nowrap="nowrap"><p xmlns="http://www.w3.org/1999/xhtml" class="prnml4"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">22544F103</span></p></td><td xmlns="http://www.w3.org/1999/xhtml" class="prngen2" colspan="1" rowspan="1" nowrap="nowrap"><p xmlns="http://www.w3.org/1999/xhtml" class="prnml4"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">22544F202</span></p></td></tr></table></div><div xmlns="http://www.w3.org/1999/xhtml"><table xmlns="http://www.w3.org/1999/xhtml" border="0" cellspacing="0" cellpadding="0" class="prnbcc"><tr xmlns="http://www.w3.org/1999/xhtml"><td xmlns="http://www.w3.org/1999/xhtml" class="prnpr2 prnpl2" colspan="1" rowspan="1"><p xmlns="http://www.w3.org/1999/xhtml" class="prnml4"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">&#x2A; As previously announced, the Fund&#39;s name will change from &#34;Credit Suisse High Yield Credit Fund&#34; to &#34;UBS Asset<br xmlns="http://www.w3.org/1999/xhtml"></br>Management High Yield Credit Fund&#34; effective September 4, 2026. </span></p></td></tr></table></div><p xmlns="http://www.w3.org/1999/xhtml">As a result of the reverse share split, every ten shares of the Fund&#39;s outstanding common shares will be converted into one common share. The reverse share split will decrease the number of the Fund&#39;s common shares outstanding and potentially increase the market price per common share by a proportional amount. While the number of the Fund&#39;s outstanding common shares will decline, neither the Fund&#39;s portfolio holdings nor the total value of shareholders&#39; investments in the Fund will be affected as a result of the reverse share split. After the reverse share split, common shareholders&#39; accounts will reflect proportionally fewer common shares with a higher net asset value per common share and each common shareholder will hold the same percentage of the Fund&#39;s outstanding common shares as such shareholder held immediately prior to the reverse share split, subject to adjustments for fractional shares resulting from the reverse share split (discussed below).</p><p xmlns="http://www.w3.org/1999/xhtml">No fractional shares will be issued as a result of the reverse share split. Fractional shares that may result from the reverse share split will be aggregated and sold on the NYSE American by the Fund&#39;s transfer agent and the proceeds will be distributed pro rata among shareholders who would otherwise have received fractional shares in the reverse share split. The pro rata cash payment received by shareholders will be net of any customary fees and expenses in proportion to their allocable share of the total proceeds of the sales. Shareholders will be receiving additional information regarding the reverse share split from Computershare Trust Company, N.A., the Fund&#39;s transfer agent.</p><p xmlns="http://www.w3.org/1999/xhtml">The Board and UBS Asset Management (Americas) LLC (the &#34;Adviser&#34;) believe that increasing the market price per share of the Fund&#39;s common shares through the reverse share split may broaden the range of potential investors in the Fund&#39;s common shares, thereby potentially improving the market for, and liquidity of, the Fund&#39;s common shares. This could have the effect of reducing the per share transaction costs associated with buying or selling the Fund&#39;s common shares in the secondary market.</p><p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">About UBS Asset Management (Americas) LLC.</b> UBS Asset Management (Americas) LLC, the Fund&#39;s investment adviser, is part of the Asset Management business of UBS Group AG, a leading global financial services organization headquartered in Zurich.</p><p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">Forward-Looking Statements</b></p><p xmlns="http://www.w3.org/1999/xhtml">This press release contains certain statements that may include &#34;forward-looking statements&#34; within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, included herein are &#34;forward-looking statements.&#34; Although the Fund and the Adviser believe the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Fund&#39;s reports that are filed with the SEC. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required by law, the Fund and the Adviser do not assume a duty to update any forward-looking statement.</p><p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">Risks of Investing in Closed-End Funds</b></p><p xmlns="http://www.w3.org/1999/xhtml">Shares of many closed-end funds frequently trade at a discount from their asset value. Funds are subject to stock market risk, which is the risk that stock prices overall will decline over short or long periods, adversely affecting the value of an investment in a fund. There is no assurance that the Fund will achieve its investment objective. Past performance does not guarantee future results.</p>



<p xmlns="http://www.w3.org/1999/xhtml" id="PURL"><img xmlns="http://www.w3.org/1999/xhtml" title="Cision" width="12" height="12" alt="Cision" src="https://edge.prnewswire.com/c/img/favicon.png?sn=NY29323&amp;sd=2026-08-18"></img> View original content:<a xmlns="http://www.w3.org/1999/xhtml" id="PRNURL" rel="nofollow" href="https://www.prnewswire.com/news-releases/credit-suisse-high-yield-credit-fund-announces-board-approval-of-a-reverse-share-split-302854757.html" target="_blank">https://www.prnewswire.com/news-releases/credit-suisse-high-yield-credit-fund-announces-board-approval-of-a-reverse-share-split-302854757.html</a></p><p xmlns="http://www.w3.org/1999/xhtml">SOURCE UBS Asset Management (Americas) LLC</p>

CREDIT SUISSE HIGH YIELD CREDIT FUND ANNOUNCES BOARD APPROVAL OF A REVERSE SHARE SPLIT

UBS Asset Management to rebrand Credit Suisse High Yield Fund; reverse split set for Sept 30

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>&lt;p xmlns=&quot;http://www.w3.org/1999/xhtml&quot;&gt;&lt;span xmlns=&quot;http://www.w3.org/1999/xhtml&quot; class=&quot;legendSpan...</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>UBS Asset Management (Americas) LLC announced DHY will undergo a 1-for-10 reverse split and rename to UBS Asset Management High Yield Credit Fund, effective Sept 4 and Sept 30, 2026. The change aims to lift per-share price and broaden the investor base, potentially improving liquidity and trading efficiency while assets remain unchanged.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Fund approves 1-for-10 reverse split; name to UBS Asset Management High Yield Credit Fund.</li><li>Name change effective Sept 4, 2026; split completes prior to Sept 30, 2026.</li><li>Reverse split: 10 old shares convert to 1 new share; NAV unchanged.</li><li>Higher per-share price may broaden investor base and improve liquidity.</li><li>UBS Asset Management (Americas) LLC is adviser; branding aligned with UBS.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>UBS Group AG (UBS)</strong>: Parent firm; branding and advisory role behind the fund could affect cross-sell and asset flows.</li><li><strong>Credit Suisse High Yield Credit Fund (DHY)</strong>: Fund undergoing branding to UBS and a 1-for-10 reverse split; liquidity and investor base implications.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. The article describes a fund-level corporate action tied to UBS branding following the Credit Suisse integration, with potential implications for liquidity and asset inflows into the fund.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Reverse split reduces outstanding shares, potentially lifting price and liquidity.</li><li>New UBS branding may attract new investors and support inflows over time.</li><li>Dates: Sept 4 name change; Sept 30 split; split-trading begins on Sept 30.</li><li>No portfolio changes; assets and NAV remain unchanged.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>1-for-10 reverse share split.</li><li>Record date: Sept 29, 2026.</li><li>Split-trading starts: Sept 30, 2026.</li><li>Name change: effective Sept 4, 2026 to UBS Asset Management High Yield Credit Fund.</li><li>New CUSIP: 22544F202; Old CUSIP: 22544F103.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Near-term upside to UBS asset-management revenue and branding, with liquidity benefits materializing by late Q3 2026.</p>
  </section>
</section>


<article>
  <section>
    <h2>UBS-Backed Fund Announces 1-for-10 Reverse Share Split and Name Change to UBS Asset Management High Yield Credit Fund</h2>
    <p><strong>NEW YORK</strong> — <strong>Credit Suisse High Yield Credit Fund</strong> (NYSE: <strong>DHY</strong>) announced today that its Board of Trustees has approved a <strong>1-for-10 reverse share split</strong> of the Fund’s common shares of beneficial interest. The move, approved by the Board, is intended to potentially enhance market interest and liquidity for the Fund’s shares.</p>
    <p>The Fund anticipates completing a <strong>1-for-10 reverse share split</strong> prior to the open of trading on the NYSE American on <strong>September 30, 2026</strong> for common shareholders of record as of the close of business on <strong>September 29, 2026</strong>. Trading in the Fund’s common shares on a split-adjusted basis is expected to begin at the open of trading on the NYSE American on <strong>September 30, 2026</strong>. The Fund’s common shares will continue trading on the NYSE American under its existing ticker symbol (NYSE: DHY) but will be assigned the new CUSIP number below. </p>
  </section>

  <section>
    <h3>Key Dates, Ticker, and CUSIP Details</h3>
    <ul>
      <li><strong>Ticker</strong>: DHY</li>
      <li><strong>Fund Name (current)</strong>: Credit Suisse High Yield Credit Fund</li>
      <li><strong>Current CUSIP</strong>: 22544F103</li>
      <li><strong>New CUSIP</strong>: 22544F202</li>
    </ul>
    <p>As previously announced, the Fund's name will change from <em>“Credit Suisse High Yield Credit Fund”</em> to <em>“UBS Asset Management High Yield Credit Fund”</em> effective <strong>September 4, 2026</strong>.</p>
  </section>

  <section>
    <h3>Share Split Mechanics and Shareholder Impact</h3>
    <p>As a result of the reverse share split, <strong>every ten shares</strong> of the Fund’s outstanding common shares will be converted into <strong>one common share</strong>. The reverse share split will <strong>decrease the number</strong> of the Fund’s common shares outstanding and potentially <em>increase the market price per common share by a proportional amount</em>. While the number of the Fund’s outstanding common shares will decline, neither the Fund’s portfolio holdings nor the total value of shareholders’ investments in the Fund will be affected as a result of the reverse share split. After the reverse share split, common shareholders’ accounts will reflect proportionally fewer common shares with a higher net asset value per common share and each common shareholder will hold the same percentage of the Fund’s outstanding common shares as such shareholder held immediately prior to the reverse share split, subject to adjustments for fractional shares resulting from the reverse share split (discussed below).</p>
  </section>

  <section>
    <h3>Fractional Shares and Transfer Agent Information</h3>
    <p>No fractional shares will be issued as a result of the reverse share split. Fractional shares that may result from the reverse share split will be aggregated and sold on the NYSE American by the Fund’s transfer agent and the proceeds will be distributed pro rata among shareholders who would otherwise have received fractional shares in the reverse share split. The pro rata cash payment received by shareholders will be net of any customary fees and expenses in proportion to their allocable share of the total proceeds of the sales. Shareholders will be receiving additional information regarding the reverse share split from Computershare Trust Company, N.A., the Fund’s transfer agent.</p>
  </section>

  <section>
    <h3>Rationale and Adviser Commentary</h3>
    <p>The Board and UBS Asset Management (Americas) LLC (the “Adviser”) believe that increasing the market price per share of the Fund’s common shares through the reverse share split may broaden the range of potential investors in the Fund’s common shares, thereby potentially improving the market for, and liquidity of, the Fund’s common shares. This could have the effect of reducing the per share transaction costs associated with buying or selling the Fund’s common shares in the secondary market.</p>
  </section>

  <section>
    <h3>About UBS Asset Management (Americas) LLC</h3>
    <p><strong>About UBS Asset Management (Americas) LLC.</strong> UBS Asset Management (Americas) LLC, the Fund's investment adviser, is part of the Asset Management business of UBS Group AG, a leading global financial services organization headquartered in Zurich.</p>
  </section>

  <section>
    <h3>Forward-Looking Statements</h3>
    <p>This press release contains certain statements that may include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, included herein are “forward-looking statements.” Although the Fund and the Adviser believe the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Fund's reports that are filed with the SEC. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other...</p>
  </section>
</article>

UBS Asset Management (Americas) LLC announced DHY will undergo a 1-for-10 reverse split and rename to UBS Asset Management High Yield Credit Fund, effective Sept 4 and Sept 30, 2026. The change aims to lift per-share price and broaden the investor base, potentially improving liquidity and trading efficiency while assets remain unchanged.

News insight

CREDIT SUISSE HIGH YIELD CREDIT FUND ANNOUNCES BOARD APPROVAL OF A REVERSE SHARE SPLIT

AI summary

Sentiment rationale

Key facts

Corporate Developments