Credit Suisse High Yield Bond Fund (NYSEAMERICAN:DHY) Shares Set to Reverse Split on Wednesday, September 30th

Key Points

• Credit Suisse High Yield Bond Fund will execute a 1-for-10 reverse stock split before the market opens on Wednesday, September 30; share counts will be adjusted after the September 29 close.
• The fund declared a monthly dividend of $0.0155 per share, payable September 23 to shareholders of record September 16, representing an annualized yield of approximately 11.1%.
• DHY opened at $1.68, at the bottom of its 52-week range of $1.68 to $2.13, with 50-day and 200-day moving averages of $1.73 and $1.79, respectively.

Shares of Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY - Free Report) are set to reverse split before the market opens on Wednesday, September 30th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Tuesday, September 29th.

Credit Suisse High Yield Bond Fund Stock Performance

Shares of NYSEAMERICAN DHY opened at $1.68 on Monday. Credit Suisse High Yield Bond Fund has a 52 week low of $1.68 and a 52 week high of $2.13. The business's 50 day moving average price is $1.73 and its 200 day moving average price is $1.79.

Credit Suisse High Yield Bond Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 16th will be issued a $0.0155 dividend. This represents a c) annualized dividend and a dividend yield of 11.1%. The ex-dividend date of this dividend is Wednesday, September 16th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DHY. Integrity Advisory Solutions LLC raised its position in shares of Credit Suisse High Yield Bond Fund by 24.9% in the fourth quarter. Integrity Advisory Solutions LLC now owns 26,501 shares of the real estate investment trust's stock worth $53,000 after acquiring an additional 5,280 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of Credit Suisse High Yield Bond Fund by 5.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 150,029 shares of the real estate investment trust's stock worth $300,000 after acquiring an additional 8,000 shares in the last quarter. Bank of America Corp DE grew its position in shares of 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 acquiring an additional 11,197 shares during the period. Susquehanna International Group LLP grew its position in shares of Credit Suisse High Yield Bond Fund by 73.8% during the 3rd quarter. Susquehanna International Group LLP now owns 30,583 shares of the real estate investment trust's stock valued at $63,000 after acquiring an additional 12,982 shares during the period. Finally, Osaic Holdings Inc. increased its stake in shares of Credit Suisse High Yield Bond Fund by 227.2% in the 2nd quarter. Osaic Holdings Inc. now owns 24,628 shares of the real estate investment trust's stock valued at $52,000 after purchasing an additional 17,101 shares in the last quarter.

About Credit Suisse High Yield Bond Fund

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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