Credit Suisse High Yield Credit Fund to execute 1-for-10 reverse share split on Sept. 30
DHY•Reverse split details
- UBS Group-backed Credit Suisse High Yield Credit Fund will execute a 1-for-10 reverse share split on Sept. 30.
- The record date is Sept. 29, and shares are expected to trade on a split-adjusted basis at the Sept. 30 open.
- The reverse split will cut the outstanding share count by 90%, while portfolio holdings and total shareholder value are expected to remain unchanged.
- Fractional shares will be aggregated and sold, with cash proceeds distributed pro rata to affected holders, net of fees.
- The fund will keep ticker DHY; the CUSIP will change to 22544F202 from 22544F103.
