Rareview Capital LLC Purchases Shares of 1,045,398 Credit Suisse High Yield Bond Fund, Inc. $DHY

Key Points

• Rareview Capital acquired 1,045,398 DHY shares in the second quarter, worth approximately $1.86 million and representing a 1.01% stake. Several other institutional investors also increased their holdings or initiated new positions.
• DHY shares opened at $1.69, near their 12-month low of $1.69, compared with a 12-month high of $2.13. The fund announced a 1-for-10 reverse split effective September 30.
• The fund declared a monthly dividend of $0.0155 per share, payable September 23 to shareholders of record September 16, representing an indicated yield of approximately 11%.

Rareview Capital LLC acquired a new position in Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 1,045,398 shares of the real estate investment trust's stock, valued at approximately $1,861,000. Rareview Capital LLC owned 1.01% of Credit Suisse High Yield Bond Fund as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in DHY. Invesco Ltd. raised its holdings in shares of Credit Suisse High Yield Bond Fund by 26.9% during the second quarter. Invesco Ltd. now owns 1,248,454 shares of the real estate investment trust's stock valued at $2,659,000 after acquiring an additional 264,382 shares in the last quarter. NewEdge Advisors LLC lifted its stake in Credit Suisse High Yield Bond Fund by 26.4% in the second quarter. NewEdge Advisors LLC now owns 94,664 shares of the real estate investment trust's stock worth $202,000 after acquiring an additional 19,764 shares during the period. Raymond James Financial Inc. boosted its holdings in Credit Suisse High Yield Bond Fund by 200.0% in the second quarter. Raymond James Financial Inc. now owns 36,000 shares of the real estate investment trust's stock valued at $77,000 after acquiring an additional 24,000 shares in the last quarter. Jane Street Group LLC bought a new stake in Credit Suisse High Yield Bond Fund in the second quarter valued at $89,000. Finally, Bank of America Corp DE increased its position in Credit Suisse High Yield Bond Fund by 19.6% during the 2nd quarter. Bank of America Corp DE now owns 68,345 shares of the real estate investment trust's stock valued at $146,000 after purchasing an additional 11,197 shares during the period.

Credit Suisse High Yield Bond Fund Stock Performance

Shares of NYSEAMERICAN DHY opened at $1.69 on Friday. Credit Suisse High Yield Bond Fund, Inc. has a 12 month low of $1.69 and a 12 month high of $2.13. The firm has a fifty day simple moving average of $1.74 and a two-hundred day simple moving average of $1.80.

Shares of Credit Suisse High Yield Bond Fund are set to reverse split on the morning of Wednesday, September 30th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Tuesday, September 29th.

Credit Suisse High Yield Bond Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 16th will be given a dividend of $0.0155 per share. The ex-dividend date is Wednesday, September 16th. This represents a c) annualized dividend and a dividend yield of 11.0%.

Credit Suisse High Yield Bond Fund Company Profile

The Credit Suisse High Yield Bond Fund NYSEAMERICAN: DHY is a closed-end management investment company that seeks to provide investors with high current income by primarily investing in below-investment-grade, U.S. dollar-denominated corporate debt securities. The fund offers exposure to a broad array of high-yield bonds issued by companies across various sectors, including industrials, communications, and financial services. It is structured to trade on the NYSE American exchange, enabling investors to gain intraday access to a diversified high-yield portfolio.

In managing its portfolio, the fund adheres to a disciplined credit research process that evaluates issuers' fundamentals, cash flow profiles, and relative valuations.

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