DeFelice Laura A 4

What Happened

• Laura A. DeFelice, Chair of the Board and Trustee of Credit Suisse High Yield Credit Fund (DHY), acquired a total of 38,933 shares on May 14, 2026 via the fund's transferable rights offering. The purchases were reported as two transactions: 18,933 shares at $1.75 each (≈ $33,133) and 20,000 shares at $1.75 each ($35,000), for a combined outlay of $68,133. This was an acquisition (purchase) rather than a sale.

Key Details

• Transaction date: May 14, 2026. Filing date: May 26, 2026 (filed late relative to the typical two-business-day Form 4 deadline).
• Price: $1.75 per share; Total shares acquired: 38,933; Total value: $68,133.
• Transaction code: J (other acquisition/disposition). The filing does not list post-transaction beneficial ownership in the provided summary.
• Footnote F1: The transferable rights offering ran April 21–May 14, 2026; the $1.75 subscription price was set at 86% of the fund’s NAV at close on the offering expiration (May 14).
• Footnote F2: The 20,000-share allotment represents shares subscribed under an oversubscription privilege.
• Timeliness: The Form 4 was filed on May 26, 2026, after the May 14 transaction date and past the usual two-business-day filing window; late filings are typically administrative but can attract SEC attention or require amendment.

Context

• This was a participation in a rights offering (buying shares at a discounted subscription price), not an open-market buy. Such purchases show the insider exercised rights to acquire additional shares at a set price; they are factual indications of participation but should not be taken alone as a signal of broader company prospects.