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CREDIT SUISSE HIGH YIELD CREDIT FUND ANNOUNCES BOARD APPROVAL OF A REVERSE SHARE SPLIT

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Credit Suisse High Yield Credit Fund (DHY) announced its Board has approved a 1-for-10 reverse share split of its common shares. The action is typically viewed as a capital-market / liquidity signal and may weigh on sentiment, though no operating performance details were provided in the release.

Analysis

Credit Suisse High Yield Credit Fund (DHY) announced its Board has approved a 1-for-10 reverse share split of its common shares. The action is typically viewed as a capital-market / liquidity signal and may weigh on sentiment, though no operating performance details were provided in the release.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.25

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