Credit Suisse Asset Management Income Fund, Inc. (CIK) to Issue Monthly Dividend of $0.02 on July 23rd

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) declared a monthly dividend on Wednesday, July 1st. Investors of record on Thursday, July 16th will be paid a dividend of 0.02 per share on Thursday, July 23rd. This represents a c) annualized dividend and a yield of 9.7%. The ex-dividend date of this dividend is Thursday, July 16th.

Credit Suisse Asset Management Income Fund Price Performance

CIK stock opened at $2.47 on Tuesday. Credit Suisse Asset Management Income Fund has a 52-week low of $2.43 and a 52-week high of $3.04. The business has a fifty day moving average of $2.50 and a two-hundred day moving average of $2.63.

Institutional Trading of Credit Suisse Asset Management Income Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Dynamic Advisor Solutions LLC lifted its position in Credit Suisse Asset Management Income Fund by 9.0% in the second quarter. Dynamic Advisor Solutions LLC now owns 73,477 shares of the company’s stock valued at $182,000 after buying an additional 6,092 shares during the last quarter. Compound Planning Inc. acquired a new stake in shares of Credit Suisse Asset Management Income Fund during the fourth quarter valued at about $43,000. Osaic Holdings Inc. increased its position in shares of Credit Suisse Asset Management Income Fund by 2,110.1% during the fourth quarter. Osaic Holdings Inc. now owns 74,149 shares of the company’s stock valued at $210,000 after acquiring an additional 70,794 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Credit Suisse Asset Management Income Fund by 15.1% in the 4th quarter. Wells Fargo & Company MN now owns 54,361 shares of the company’s stock valued at $154,000 after acquiring an additional 7,113 shares during the period. Finally, Commonwealth Equity Services LLC raised its stake in shares of Credit Suisse Asset Management Income Fund by 97.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 74,472 shares of the company’s stock valued at $211,000 after acquiring an additional 36,825 shares during the period. 29.49% of the stock is owned by institutional investors and hedge funds.

About Credit Suisse Asset Management Income Fund

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.