UBS Asset Management to rebrand Credit Suisse High Yield Fund; reverse split set for Sept 30
Aug 18, 2026, 11:02 PM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting
A reverse split can lift the fund’s per-share price and potentially improve liquidity; UBS branding could attract new investors and raise inflows, potentially boosting advisory revenue timelines.
AI summary
What happened, with direct paths to the underlying reporting
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.
Fund approves 1-for-10 reverse split; name to UBS Asset Management High Yield Credit Fund.
Name change effective Sept 4, 2026; split completes prior to Sept 30, 2026.
Reverse split: 10 old shares convert to 1 new share; NAV unchanged.
Higher per-share price may broaden investor base and improve liquidity.
UBS Asset Management (Americas) LLC is adviser; branding aligned with UBS.
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