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

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) declared a monthly dividend on Monday, December 1st. Stockholders of record on Monday, December 15th will be given a dividend of 0.0225 per share on Monday, December 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 9.6%. The ex-dividend date is Monday, December 15th.

Credit Suisse Asset Management Income Fund Price Performance

Shares of CIK opened at $2.82 on Tuesday. The business’s 50 day moving average is $2.87 and its 200 day moving average is $2.92. Credit Suisse Asset Management Income Fund has a 12-month low of $2.56 and a 12-month high of $3.04.

Hedge Funds Weigh In On Credit Suisse Asset Management Income Fund

Several hedge funds have recently modified their holdings of the stock. Invesco Ltd. increased its holdings in Credit Suisse Asset Management Income Fund by 1.4% in the 2nd quarter. Invesco Ltd. now owns 531,135 shares of the company’s stock valued at $1,572,000 after acquiring an additional 7,463 shares during the last quarter. Landscape Capital Management L.L.C. grew its position in shares of Credit Suisse Asset Management Income Fund by 248.3% during the first quarter. Landscape Capital Management L.L.C. now owns 492,844 shares of the company’s stock valued at $1,429,000 after purchasing an additional 351,349 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Credit Suisse Asset Management Income Fund by 15.1% in the second quarter. Bank of America Corp DE now owns 443,692 shares of the company’s stock worth $1,313,000 after purchasing an additional 58,250 shares during the last quarter. Shaker Financial Services LLC boosted its stake in Credit Suisse Asset Management Income Fund by 46.5% during the second quarter. Shaker Financial Services LLC now owns 306,376 shares of the company’s stock valued at $907,000 after buying an additional 97,243 shares during the last quarter. Finally, Fiera Capital Corp grew its holdings in Credit Suisse Asset Management Income Fund by 33.8% during the 3rd quarter. Fiera Capital Corp now owns 214,457 shares of the company’s stock valued at $628,000 after buying an additional 54,172 shares in the last quarter. Hedge funds and other institutional investors own 29.49% of the company’s stock.

About Credit Suisse Asset Management Income Fund

Credit Suisse Asset Management Income Fund, Inc is a closed-ended fixed income mutual fund launched and managed by Credit Suisse Asset Management, LLC. The fund invests in the fixed income markets of the United States. It primarily invests in high yield corporate debt such as bonds and debentures that are rated Baa or lower by Moody's or BBB or lower by S&P.