IMS Capital Management Invests $361,000 in Credit Suisse Asset Management Income Fund, Inc. $CIK

Key Points

• IMS Capital Management has invested approximately $361,000 in Credit Suisse Asset Management Income Fund, acquiring 121,983 shares during the second quarter.
• Other hedge funds have also increased their positions in the fund, with notable increases including Landscape Capital Management's 248.3% rise in holdings this year.
• The company recently announced a monthly dividend of $0.0225 per share, reflecting an annualized dividend yield of 9.1%.

IMS Capital Management bought a new position in Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 121,983 shares of the company's stock, valued at approximately $361,000. IMS Capital Management owned about 0.22% of Credit Suisse Asset Management Income Fund as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Calamos Advisors LLC purchased a new stake in shares of Credit Suisse Asset Management Income Fund in the first quarter worth about $348,000. Citadel Advisors LLC purchased a new stake in shares of Credit Suisse Asset Management Income Fund in the fourth quarter worth about $74,000. Landscape Capital Management L.L.C. raised its holdings in Credit Suisse Asset Management Income Fund by 248.3% in the 1st quarter. Landscape Capital Management L.L.C. now owns 492,844 shares of the company's stock worth $1,429,000 after purchasing an additional 351,349 shares during the period. Dynamic Advisor Solutions LLC raised its holdings in Credit Suisse Asset Management Income Fund by 15.3% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 62,826 shares of the company's stock worth $182,000 after purchasing an additional 8,337 shares during the period. Finally, Atria Wealth Solutions Inc. raised its holdings in Credit Suisse Asset Management Income Fund by 118.0% in the 1st quarter. Atria Wealth Solutions Inc. now owns 49,550 shares of the company's stock worth $144,000 after purchasing an additional 26,819 shares during the period. Hedge funds and other institutional investors own 29.49% of the company's stock.

Credit Suisse Asset Management Income Fund Stock Down 0.7%

NYSEAMERICAN CIK opened at $2.97 on Wednesday. Credit Suisse Asset Management Income Fund, Inc. has a twelve month low of $2.56 and a twelve month high of $3.11. The stock has a 50-day moving average of $2.97 and a 200 day moving average of $2.90.

Credit Suisse Asset Management Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Tuesday, September 23rd. Shareholders of record on Tuesday, September 16th were issued a dividend of $0.0225 per share. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a c) dividend on an annualized basis and a dividend yield of 9.1%.

Credit Suisse Asset Management Income Fund Company Profile

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.

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