Gerber Charles 4/A

What Happened
Charles Gerber, a Trustee of Credit Suisse High Yield Credit Fund (DHY), acquired a total of 12,296 shares on May 1, 2026 via the fund’s transferable rights offering. The two reported allotments were 5,333 shares (5,333 × $1.75 = $9,333) and 6,963 shares (6,963 × $1.75 = $12,185), for a combined cost of approximately $21,518. This was an acquisition (purchase) rather than a sale. The filing is an amended Form 4 to correct the number of shares issued under an over-subscription privilege.

Key Details

• Transaction date(s): May 1, 2026. Price: $1.75 per share. Amounts: 5,333 ($9,333) and 6,963 ($12,185); total ≈ $21,518.
• Reported as “Other acquisition or disposition (J)” on the Form 4; footnotes show the shares were obtained via a transferable rights offering.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Footnotes: F1 — rights offering ran Apr 21–May 14, 2026; subscription price $1.75 (= 86% of NAV at the close on the offering expiration). F2 — 6,963 shares were subscribed under an over-subscription privilege; the Form 4 was amended to correct that amount.
• Filing timing: Amended Form 4 was filed May 22, 2026, 21 days after the reported transaction date (the amendment appears to correct the oversubscription amount).

Context
These shares were purchased through a rights offering (not an open-market buy). Rights offerings often allow existing holders or insiders to subscribe at a set discount to NAV; the filing here corrects the oversubscription allocation. Purchases like this are factual signals of acquisition activity but do not, alone, explain the insider’s motivations.