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

Key Points

• $0.02 per share monthly dividend declared, payable April 23 to holders of record April 16 (ex-dividend date April 16), representing an annualized yield of 9.2%.
• Shares opened at $2.60 with a 52-week range of $2.44–$3.04 and technicals showing a 50-day moving average of $2.65 and a 200-day moving average of $2.78.
• 29.49% institutional ownership, with recent increases in positions by large holders including Commonwealth Equity Services, Bank of America, Invesco, and Wells Fargo.

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK - Get Free Report) announced a monthly dividend on Wednesday, April 1st. Investors of record on Thursday, April 16th will be given a dividend of 0.02 per share on Thursday, April 23rd. This represents a c) annualized dividend and a yield of 9.2%. The ex-dividend date is Thursday, April 16th.

Credit Suisse Asset Management Income Fund Trading Up 0.8%

NYSEAMERICAN CIK opened at $2.60 on Tuesday. Credit Suisse Asset Management Income Fund has a one year low of $2.44 and a one year high of $3.04. The stock has a 50-day moving average of $2.65 and a 200 day moving average of $2.78.

Institutional Investors Weigh In On Credit Suisse Asset Management Income Fund

Large investors have recently bought and sold shares of the business. Commonwealth Equity Services LLC increased its holdings in 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 worth $211,000 after buying an additional 36,825 shares in the last quarter. Bank of America Corp DE increased its holdings in Credit Suisse Asset Management Income Fund by 15.1% in the 2nd quarter. Bank of America Corp DE now owns 443,692 shares of the company's stock worth $1,313,000 after buying an additional 58,250 shares in the last quarter. Tactive Advisors LLC bought a new stake in Credit Suisse Asset Management Income Fund in the 2nd quarter worth about $37,000. 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 worth $1,572,000 after buying an additional 7,463 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in 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 worth $154,000 after buying an additional 7,113 shares in the last quarter. 29.49% of the stock is currently owned by institutional investors.

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.

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