CS High Yield Bond Fund discloses merger of parent CS Group into UBS; SEC waiver granted for advisory disqualification

CREDIT SUISSE HIGH YIELD CREDIT FUND

CS Group merged into UBS Group on June 12, 2023; Credit Suisse now indirect UBS subsidiary.
Fund's investment advisory agreement may have terminated; Board approved interim agreement for up to 150 days.
SEC granted temporary waiver from Section 9(a) disqualification related to Oct 2022 NJ Consent Judgment against affiliates.
Time-limited exemption sought to allow Credit Suisse to serve until 12-month anniversary of closing; SEC not yet acted.
No immediate changes to fund's strategies or portfolio managers; services expected to transfer to UBS within one year.

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