Shaker Financial Services LLC Raises Holdings in Credit Suisse Asset Management Income Fund, Inc. $CIK

Key Points

• Shaker Financial Services increased its CIK holdings by 204.3% in the second quarter, adding 582,569 shares to reach 867,755 shares valued at approximately $2.15 million, or 1.58% of the fund.
• Several other institutional investors also expanded their positions, and hedge funds and institutions collectively owned 29.49% of CIK’s outstanding shares.
• CIK traded near $2.45, close to its 52-week low, while declaring a $0.02 monthly dividend payable August 24 to shareholders of record August 17, representing an indicated 9.8% yield.

Shaker Financial Services LLC boosted its position in Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK - Free Report) by 204.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 867,755 shares of the company's stock after purchasing an additional 582,569 shares during the quarter. Shaker Financial Services LLC owned about 1.58% of Credit Suisse Asset Management Income Fund worth $2,152,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. increased its stake in shares of Credit Suisse Asset Management Income Fund by 1,886.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,503,121 shares of the company's stock valued at $4,254,000 after buying an additional 1,427,460 shares during the period. Compound Planning Inc. acquired a new stake in Credit Suisse Asset Management Income Fund in the fourth quarter valued at approximately $43,000. Osaic Holdings Inc. increased its position in shares of Credit Suisse Asset Management Income Fund by 2,110.1% during the fourth quarter. Osaic Holdings Inc. now owns 74,149 shares of the company's stock worth $210,000 after purchasing an additional 70,794 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Credit Suisse Asset Management Income Fund by 15.1% during the 4th quarter. Wells Fargo & Company MN now owns 54,361 shares of the company's stock valued at $154,000 after purchasing an additional 7,113 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of Credit Suisse Asset Management Income Fund by 97.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 74,472 shares of the company's stock valued at $211,000 after purchasing an additional 36,825 shares during the last quarter. Hedge funds and other institutional investors own 29.49% of the company's stock.

Credit Suisse Asset Management Income Fund Price Performance

Credit Suisse Asset Management Income Fund stock opened at $2.45 on Thursday. Credit Suisse Asset Management Income Fund, Inc. has a 1-year low of $2.42 and a 1-year high of $3.04. The business has a fifty day moving average price of $2.46 and a 200-day moving average price of $2.57.

Credit Suisse Asset Management Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, August 24th. Shareholders of record on Monday, August 17th will be issued a $0.02 dividend. This represents a c) annualized dividend and a yield of 9.8%. The ex-dividend date of this dividend is Monday, August 17th.

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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