Gerber Charles 4
4 · CREDIT SUISSE HIGH YIELD CREDIT FUND · Filed May 15, 2026
Research Summary
AI-generated summary of this filing
CREDIT SUISSE (DHY) Trustee Charles Gerber Acquires 12,297 Shares
What Happened
- Charles Gerber, a trustee of Credit Suisse High Yield Credit Fund (DHY), acquired a total of 12,297 common shares on May 1, 2026. The purchases consisted of 5,333 shares ($9,333) and 6,964 shares ($12,187) at a subscription price of $1.75 per share, for a combined cost of $21,520. These were acquisitions through the fund’s transferable rights offering (a purchase, not an open-market trade).
Key Details
- Transaction date: 2026-05-01; Price: $1.75 per share for both lots.
- Total shares acquired: 12,297; total amount spent: $21,520.
- Shares owned after the transaction: Not disclosed in the Form 4 provided.
- Footnote F1: The transferable rights offering ran April 21–May 14, 2026; subscription price was $1.75, set at 86% of the fund’s NAV on the offering expiration date.
- Footnote F2: 6,964 shares represent an over-subscription allocation — the reporting person subscribed for additional shares beyond their initial rights allocation and received a prorated allotment.
- Filing timeliness: Form filed May 15, 2026 for a May 1 transaction; this appears to be later than the typical two-business-day Form 4 reporting window.
Context
- These purchases were made through a rights offering at a fixed, discounted subscription price (not open-market buys). Rights offerings often allow shareholders to buy at a set discount; over-subscription allocations mean the trustee requested extra shares and received a prorated allotment. As a purchase, the transaction may be of interest to investors but does not, by itself, indicate the trustee’s intent or expected fund performance.
Insider Transaction Report
Form 4
Gerber Charles
Other
Transactions
- Other
common stock
[F1]2026-05-01$1.75/sh+5,333$9,333→ 21,333 total - Other
common stock
[F2]2026-05-01$1.75/sh+6,964$12,187→ 28,297 total
Footnotes (2)
- [F1]The transferable rights offering commenced on April 21, 2026 and expired on May 14, 2026. The subscription price was $1.75 per share and was determined based upon a formula equal to 86% of the net asset value per common share at the close of trading on the NYSE American on the Expiration Date.
- [F2]Represents 6,964 shares subscribed for by the Reporting Person pursuant to an over-subscription privilege under the right offering. Shareholders as of the rights offering record date who exercised all rights issued to them were entitled to subscribe for additional common shares at the subscription price. If sufficient common shares are not available to honor all over-subscription requests, available common shares will be allocated pro rata among the Record Date Shareholders who over-subscribe, based on the number of rights issued to them by the Issuer on the record date.
Signature
/s/Karen Regan, as attorney-in-fact|2026-05-15