Saba Capital Management, L.P. Acquires 71,791 Shares of Credit Suisse Asset Management Income Fund, Inc. (CIK) Stock

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) major shareholder Saba Capital Management, L.P. bought 71,791 shares of the stock in a transaction dated Thursday, November 30th. The stock was purchased at an average cost of $11.97 per share, with a total value of $859,338.27. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Shares of Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) traded up $0.01 during trading on Friday, hitting $3.30. The stock had a trading volume of 206,600 shares, compared to its average volume of 118,832. Credit Suisse Asset Management Income Fund, Inc. has a 12 month low of $3.08 and a 12 month high of $3.50.

The business also recently declared a monthly dividend, which will be paid on Friday, December 15th. Investors of record on Monday, December 11th will be paid a $0.022 dividend. This represents a $0.26 annualized dividend and a dividend yield of 8.00%. The ex-dividend date is Friday, December 8th. Credit Suisse Asset Management Income Fund’s dividend payout ratio (DPR) is currently 43.33%.

Hedge funds have recently modified their holdings of the stock. Shaker Financial Services LLC increased its holdings in shares of Credit Suisse Asset Management Income Fund by 49.1% during the third quarter. Shaker Financial Services LLC now owns 529,962 shares of the company’s stock worth $1,797,000 after buying an additional 174,600 shares in the last quarter. Wedbush Securities Inc. lifted its position in Credit Suisse Asset Management Income Fund by 10.8% in the 2nd quarter. Wedbush Securities Inc. now owns 385,147 shares of the company’s stock valued at $1,298,000 after acquiring an additional 37,695 shares in the last quarter. Sigma Planning Corp increased its stake in shares of Credit Suisse Asset Management Income Fund by 44.6% during the 3rd quarter. Sigma Planning Corp now owns 356,114 shares of the company’s stock worth $1,207,000 after purchasing an additional 109,916 shares during the last quarter. IMS Capital Management grew its stake in Credit Suisse Asset Management Income Fund by 0.8% in the 2nd quarter. IMS Capital Management now owns 103,856 shares of the company’s stock valued at $350,000 after buying an additional 807 shares in the last quarter. Finally, Strategic Advisors LLC boosted its holdings in Credit Suisse Asset Management Income Fund by 2.0% in the 2nd quarter. Strategic Advisors LLC now owns 87,651 shares of the company’s stock valued at $295,000 after purchasing an additional 1,717 shares during the period.

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About Credit Suisse Asset Management Income Fund

Credit Suisse Asset Management Income Fund, Inc is a diversified, closed-end management investment fund. The Fund’s investment objective is to provide current income consistent with the preservation of capital. The Fund invests in a range of sectors, which include advertising, auto parts and equipment, brokerage, building and construction, building materials, cable and satellite television, chemicals, consumer/commercial/lease financing, electronics, energy-exploration and production, food-wholesale, forestry and paper, gas distribution, health facilities, insurance brokerage, media-diversified, media content, medical products, metals and mining, oil field equipment and services, packaging, personal and household products, pharmaceuticals, software-services, real estate investment trusts, restaurants, specialty retail, and recreation and travel.

Insider Buying and Selling by Quarter for Credit Suisse Asset Management Income Fund (NYSEAMERICAN:CIK)

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