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

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY)’s stock is 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 market closes on Tuesday, September 29th.

Credit Suisse High Yield Bond Fund Trading Up 1.2%

Shares of Credit Suisse High Yield Bond Fund stock opened at $1.68 on Tuesday. Credit Suisse High Yield Bond Fund has a 12 month low of $1.62 and a 12 month high of $2.13. The business’s 50-day moving average price is $1.72 and its 200-day moving average price is $1.77.

Credit Suisse High Yield Bond Fund Announces Dividend

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

Institutional Investors Weigh In On Credit Suisse High Yield Bond Fund

A number of hedge funds have recently made changes to their positions in DHY. Integrated Wealth Concepts LLC boosted its stake in shares of Credit Suisse High Yield Bond Fund by 533.1% during the second quarter. Integrated Wealth Concepts LLC now owns 141,972 shares of the real estate investment trust’s stock valued at $253,000 after purchasing an additional 119,546 shares during the period. Rareview Capital LLC purchased a new position in shares of Credit Suisse High Yield Bond Fund in the second quarter worth $1,861,000. WealthTrust Asset Management LLC purchased a new position in shares of Credit Suisse High Yield Bond Fund in the first quarter worth $41,000. Integrated Advisors Network LLC raised its holdings in Credit Suisse High Yield Bond Fund by 129.4% during the 1st quarter. Integrated Advisors Network LLC now owns 97,380 shares of the real estate investment trust’s stock valued at $185,000 after buying an additional 54,926 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in Credit Suisse High Yield Bond Fund by 5.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 158,866 shares of the real estate investment trust’s stock valued at $302,000 after buying an additional 8,837 shares during the last quarter.

Credit Suisse High Yield Bond Fund Company Profile

Credit Suisse High Yield Bond Fund is a closed-end investment fund listed on the NYSE American under the symbol DHY. The fund is designed to provide investors with exposure to the high-yield bond market, commonly known as the below-investment-grade or “junk” bond market.

The fund invests primarily in a diversified portfolio of high-yield corporate debt securities. These holdings may include bonds and other fixed-income instruments issued by companies across a range of industries, with the portfolio focused on generating a high level of current income.