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AI brief of an SEC Form 8-K · UBS ASSET MANAGEMENT HIGH YIELD CREDIT FUND (DHY)

UBS High Yield Fund (DHY) dismisses PwC as auditor; no disagreements reported

Neutral Impact 3 of 5 leadership Written later

The fund's board approved dismissing PricewaterhouseCoopers LLP as its independent registered public accounting firm on April 23, 2024, because PwC will cease to be deemed independent for the fund after April 30, 2024. The filing states PwC's prior reports had no adverse opinion, disclaimer, or qualification, and that there were no disagreements or reportable events; separately, Credit Suisse Asset Management merged into UBS Asset Management (Americas) on May 1, 2024, which became the fund's investment manager.

Key points

  • Board approved dismissal of PwC on April 23, 2024; PwC ceases to be deemed independent for the fund after April 30, 2024
  • PwC's reports for fiscal years ended October 31, 2023 and 2022 contained no adverse opinion, disclaimer, or qualification
  • On May 1, 2024, UBS Asset Management (Americas) LLC became the fund's investment manager after the Credit Suisse merger
  • PwC's letter dated May 2, 2024 is filed as Exhibit 16.1

The filing

CompanyUBS ASSET MANAGEMENT HIGH YIELD CREDIT FUND (DHY)
Form8-K, current report
Filed with the SECMay 2, 2024, 5:10 PM ET
Accession number0001104659-24-056480

Items reported: 4.01 Auditor Change8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:29 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 02, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.