0001061353falseN-CSR/A 0001061353 2023-11-01 2024-10-31
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
FORM
N-CSR
 
 
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act File
No. 811-08777
 
 
CREDIT SUISSE HIGH YIELD BOND FUND
(Exact Name of Registrant as Specified in Charter)
 
 
Eleven Madison Avenue, New York, New York 10010
(Address of Principal Executive Offices) (Zip Code)
 
 
Omar Tariq
Credit Suisse High Yield Bond Fund
Eleven Madison Avenue
New York, New York 10010
 
 
Registrant’s telephone number, including area code: (212)
325-2000
Date of fiscal year end: October 31st
Date of reporting period: November 1, 2023 to October 31, 2024
 
 
EXPLANATORY NOTE
The Registrant is filing this amendment to its Form
N-CSR
(the “Amendment”) for the period ended October 31, 2024, originally filed with the Securities and Exchange Commission on January 10, 2024 (Accession Number
0001193125-25-004281)
(the “Original Filing”). This Amendment is filed solely for the purpose of including an exhibit to Exhibit a(5) Change in the registrant’s independent public accountant. Except as set forth above (and the dates included on the signature page and the certifications required by Rule
30a-2(a)
and Rule
30a-2(b)),
the Amendment does not amend, update or change any other information or disclosures contained in the Original Filing. Items 1 through 19 of this Amendment to the Registrant’s Form
N-CSR
are incorporated by reference to the Original Filings.
 
 
 



SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

CREDIT SUISSE HIGH YIELD BOND FUND

/s/ Omar Tariq           

Name: Omar Tariq

Title: Chief Executive Officer and President

(Principal Executive Officer)

Date: April 15, 2025

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

/s/ Omar Tariq           

Name: Omar Tariq

Title: Chief Executive Officer and President

(Principal Executive Officer)

Date: April 15, 2025

/s/ Rose Ann Bubloski       

Name: Rose Ann Bubloski

Title: Chief Financial Officer and Treasurer

(Principal Financial Officer)

Date: April 15, 2025

 

3

EX-99.CERT

EXHIBIT 19(a)(3)

CERTIFICATIONS

I, Rose Ann Bubloski, certify that:

1. I have reviewed this report on Form N-CSR of Credit Suisse High Yield Bond Fund;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

 

4


(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: April 15, 2025

 

/s/ Rose Ann Bubloski

Rose Ann Bubloski
Chief Financial Officer and Treasurer
(Principal Financial Officer)

 

5


I, Omar Tariq, certify that:

1. I have reviewed this report on Form N-CSR of Credit Suisse High Yield Bond Fund;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

6


5. The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: April 15, 2025

 

/s/ Omar Tariq

Omar Tariq
Chief Executive Officer and President
(Principal Executive Officer)

 

7

EX-99.906CERT

EXHIBIT 19(b)

SECTION 906 CERTIFICATIONS

SECTION 906 CERTIFICATION

Omar Tariq, Chief Executive Officer and President, and Rose Ann Bubloski, Chief Financial Officer and Treasurer, of Credit Suisse High Yield Bond Fund (the “Fund”), each certify to his or her knowledge that:

(1) The Fund’s periodic report on Form N-CSR for the period ended October 31, 2024 (the “Report”) fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Fund.

 

/s/ Omar Tariq

    

/s/ Rose Ann Bubloski

Omar Tariq      Rose Ann Bubloski
Chief Executive Officer and President      Chief Financial Officer and Treasurer
(Principal Executive Officer)      (Principal Financial Officer)
April 15, 2025      April 15, 2025

A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement required by Section 906, has been provided to the Fund and will be retained by the Fund and furnished to the Securities and Exchange Commission or its staff upon request.

 

8

Exhibit 19(a)(5)    Changes in the registrant’s independent public accountant.

There was a change in the registrant’s independent public accountant during the reporting period. Per the instructions to Item 19 of Form N-CSR regarding changes in the registrant’s independent public accountant.

Changes in Registrant’s Certifying Accountant

(a) Dismissal of independent registered public accounting firm

On April 23, 2024, the Board of Trustees (the “Board”) of Credit Suisse High Yield Bond Fund (the “Fund”) approved the dismissal of PricewaterhouseCoopers LLP (“PwC”) as the independent registered public accounting firm for the Fund, due to PwC’s ceasing to be deemed an independent registered public accounting firm with respect to the Fund after April 30, 2024. The Board’s decision to approve the dismissal of PwC was recommended by the Audit Committee of the Board.

The reports of PwC on the Fund’s financial statements as of and for the two most recent fiscal years ended December 31, 2023 and December 31, 2022 did not contain an adverse opinion or a disclaimer of opinion, and were not qualified or modified as to uncertainties, audit scope or accounting principles.

During the Fund’s two most recent fiscal years ended December 31, 2023 and December 31, 2022 and during the period from the end of the most recently completed fiscal year through April 30, 2024, there were no disagreements between the Fund and PwC on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of PwC, would have caused them to make reference to the subject matter of the disagreements in their report on the financial statements of the Fund for such periods.

During the Fund’s two most recent fiscal years ended December 31, 2023 and December 31, 2022 and during the period from the end of the most recently completed fiscal year through April 30, 2024, there were no “reportable events” (as defined in Item 304(a)(1)(v) of Regulation S-K under the Securities Exchange Act of 1934, as amended (the “1934 Act”)).

The Fund previously provided PwC with a copy of the foregoing disclosure and requested that PwC furnish the Fund with a letter addressed to the Securities and Exchange Commission stating whether or not its agrees with the statements made by the Fund set forth above. A copy of PwC’s letter dated May 2, 2024 is filed as an Exhibit to this Form N-CSR.

(b) Engagement of new independent registered public accounting firm

Effective June 19, 2024, Ernst & Young LLP (“EY”) was engaged as the independent registered public accounting firm for Credit High Yield Bond Fund (the “Fund”) for the fiscal year ending December 31, 2024. The engagement of EY was previously approved by the Fund’s Board of Trustees (the “Board”) upon the recommendation of the Audit Committee of the Board.

During the Fund’s two most recent fiscal years ended December 31, 2022 and December 31, 2023 and during the period from the end of the most recently completed fiscal year ended December 31, 2023 through June 19, 2024, neither the Fund nor anyone on its behalf consulted with EY, on behalf of the Fund, regarding the application of accounting principles to a specified transaction (either completed or proposed), the type of audit opinion that might be rendered on the Fund’s financial statements, or any matter that was either the subject of a “disagreement” as defined in Item 304(a)(1)(iv) of Regulation S-K under the 1934 Act and the instructions thereto, or a “reportable event,” as defined in Item 304(a)(1)(v) of Regulation S-K under the 1934 Act.

 

9


LOGO

May 2, 2024

Securities and Exchange Commission

100 F Street, N.E.

Washington, DC 20549

Commissioners:

We have read the statements made by Credit Suisse High Yield Bond Fund (copy attached), which we understand will be filed with the Securities and Exchange Commission, pursuant to Item 4.01 of Form 8-K of Credit Suisse High Yield Bond Fund dated April 23, 2024. We agree with the statements concerning our Firm contained therein.

Very truly yours,

 

LOGO

New York, New York

Attachment

 

PricewaterhouseCoopers LLP, PricewaterhouseCoopers Center, 300 Madison Avenue, New York, NY 10017

T: (646) 471 3000, www.pwc.com/us

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Entity Registrant Name CREDIT SUISSE HIGH YIELD BOND FUND

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