Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) Announces $0.02 Monthly Dividend

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) declared a monthly dividend on Monday, August 3rd. Shareholders of record on Monday, August 17th will be paid a dividend of 0.02 per share on Monday, August 24th. This represents a c) dividend on an annualized basis and a yield of 9.8%. The ex-dividend date is Monday, August 17th.

Credit Suisse Asset Management Income Fund Stock Performance

Credit Suisse Asset Management Income Fund stock opened at $2.44 on Tuesday. Credit Suisse Asset Management Income Fund has a 12 month low of $2.42 and a 12 month high of $3.04. The stock’s 50 day simple moving average is $2.47 and its two-hundred day simple moving average is $2.59.

Institutional Trading of Credit Suisse Asset Management Income Fund

A number of hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its position in shares of Credit Suisse Asset Management Income Fund by 1,886.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,503,121 shares of the company’s stock worth $4,254,000 after acquiring an additional 1,427,460 shares during the period. Concurrent Investment Advisors LLC acquired a new stake in shares of Credit Suisse Asset Management Income Fund during the 4th quarter valued at about $29,000. Shaker Financial Services LLC grew its position in shares of Credit Suisse Asset Management Income Fund by 190.9% during the 4th quarter. Shaker Financial Services LLC now owns 152,270 shares of the company’s stock valued at $431,000 after acquiring an additional 99,934 shares during the period. Compound Planning Inc. purchased a new position in shares of Credit Suisse Asset Management Income Fund in the 4th quarter valued at about $43,000. Finally, Osaic Holdings Inc. increased its stake in shares of Credit Suisse Asset Management Income Fund by 2,110.1% in the 4th quarter. Osaic Holdings Inc. now owns 74,149 shares of the company’s stock valued at $210,000 after purchasing an additional 70,794 shares in the last quarter. 29.49% of the stock is owned by hedge funds and other institutional investors.

Credit Suisse Asset Management Income Fund Company Profile

Credit Suisse Asset Management Income Fund Inc (NYSE American: CIK) is a closed-end management investment company managed by Credit Suisse Asset Management, one of the world’s leading asset managers. The fund’s primary objective is to provide shareholders with a high level of current income, with a secondary objective of capital appreciation. It achieves this by investing in a diversified portfolio of income-producing securities across fixed-income and equity markets.

The fund typically allocates assets to a mix of investment-grade and below-investment-grade corporate bonds, bank loans, mortgage- and asset-backed securities, convertible securities and dividend-paying equities.