secwatch.observer — SEC 8-K summary
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Issuer:     CREDIT SUISSE HIGH YIELD CREDIT FUND (DHY)
CIK:        0001061353
Form:       8-K
Filed at:   2023-06-13T23:59:59+00:00
Accession:  0001104659-23-070838
Event type: regulatory
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1061353/000110465923070838/0001104659-23-070838-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1061353/000110465923070838/tm2318543d3_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-070838

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