Credit score Suisse excessive yield bond fund trustee buys $120,986 in shares

Laura A. DeFelice, Trustee and Chair of the Board at Credit score Suisse Excessive Yield Bond Fund (NYSE:DHY), has acquired a big variety of widespread shares within the firm. In accordance with a current SEC submitting, DeFelice bought 56,801 shares at a value of $2.13 per share, close to the fund’s 52-week buying and selling vary of $1.93 to $2.27. The whole worth of this transaction quantities to roughly $120,986. The fund, which boasts a powerful 8.7% dividend yield, has demonstrated sturdy efficiency with a 19.4% whole return over the previous yr. Following this acquisition, DeFelice now owns a complete of 66,653 shares straight. This transaction highlights a notable improve in her holdings within the fund, which maintains a wonderful monetary well being rating in keeping with InvestingPro evaluation. The fund has maintained dividend funds for 28 consecutive years, making it notably engaging for income-focused buyers. For extra detailed insights and extra ProTips about DHY’s efficiency and outlook, subscribers can entry the complete evaluation on InvestingPro.

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