PRNewsWire
19 Aug 2026, 02:54 UTC · 2h ago
CREDIT SUISSE HIGH YIELD CREDIT FUND ANNOUNCES BOARD APPROVAL OF A REVERSE SHARE SPLIT
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PRNewsWire
19 Aug 2026, 02:54 UTC · 2h ago
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.
What the story claims
2 claims · each scored for market impact
The Credit Suisse High Yield Credit Fund (DHY) will execute a 1-for-10 reverse share split effective September 30, 2026. — Reverse splits are often perceived negatively by the market as they are typically used to artificially inflate a low share price to avoid delisting or attract institutional investors.
-0.20The Fund will change its name to 'UBS Asset Management High Yield Credit Fund' effective September 4, 2026. — This is a rebranding exercise following the UBS acquisition of Credit Suisse and does not change the fund's underlying assets or strategy.
+0.00Which stocks this story touches
The reverse share split is intended to improve liquidity and broaden the range of potential investors.
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