Landscape Capital Management L.L.C. Buys New Stake in Credit Suisse Asset Management Income Fund, Inc. $CIK

Key Points

• Landscape Capital Management acquired 1.16 million shares of Credit Suisse Asset Management Income Fund, valued at approximately $2.88 million and representing a 2.12% stake.
• Institutional investors collectively own 29.49% of the fund, with several firms initiating new positions during recent quarters.
• CIK shares opened at $2.43, near their 52-week low, while the fund announced a monthly $0.02 dividend, implying an annualized yield of approximately 9.9%.

Landscape Capital Management L.L.C. purchased a new stake in Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,163,091 shares of the company's stock, valued at approximately $2,884,000. Landscape Capital Management L.L.C. owned approximately 2.12% of Credit Suisse Asset Management Income Fund at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in shares of Credit Suisse Asset Management Income Fund in the 2nd quarter valued at about $25,000. Concurrent Investment Advisors LLC purchased a new stake in Credit Suisse Asset Management Income Fund during the fourth quarter worth approximately $29,000. One Capital Management LLC acquired a new position in Credit Suisse Asset Management Income Fund in the fourth quarter valued at approximately $38,000. Compound Planning Inc. acquired a new position in Credit Suisse Asset Management Income Fund in the fourth quarter valued at approximately $43,000. Finally, Jane Street Group LLC purchased a new position in Credit Suisse Asset Management Income Fund in the second quarter valued at approximately $59,000. 29.49% of the stock is owned by hedge funds and other institutional investors.

Credit Suisse Asset Management Income Fund Stock Performance

Shares of Credit Suisse Asset Management Income Fund stock opened at $2.43 on Friday. Credit Suisse Asset Management Income Fund, Inc. has a 52 week low of $2.42 and a 52 week high of $3.04. The firm's 50 day moving average is $2.45 and its two-hundred day moving average is $2.55.

Credit Suisse Asset Management Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, August 24th. Investors of record on Monday, August 17th will be given a $0.02 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 9.9%. The ex-dividend date of this dividend is Monday, August 17th.

Credit Suisse Asset Management Income Fund Profile

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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