Credit Suisse Asset Management Income Fund, Inc. (CIK) To Go Ex-Dividend on May 15th

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) declared a monthly dividend on Friday, May 1st. Shareholders of record on Friday, May 15th will be given a dividend of 0.02 per share on Friday, May 22nd. This represents a c) annualized dividend and a yield of 9.4%. The ex-dividend date is Friday, May 15th.

Credit Suisse Asset Management Income Fund Trading Up 0.6%

Shares of NYSEAMERICAN CIK traded up $0.02 during midday trading on Wednesday, hitting $2.56. The company’s stock had a trading volume of 275,441 shares, compared to its average volume of 428,027. Credit Suisse Asset Management Income Fund has a 1 year low of $2.44 and a 1 year high of $3.04. The business’s fifty day simple moving average is $2.57 and its two-hundred day simple moving average is $2.73.

Institutional Trading of Credit Suisse Asset Management Income Fund

Several hedge funds have recently added to or reduced their stakes in CIK. Compound Planning Inc. purchased a new stake in shares of Credit Suisse Asset Management Income Fund during the 4th quarter worth $43,000. Osaic Holdings Inc. increased its stake in Credit Suisse Asset Management Income Fund by 2,110.1% in the fourth quarter. Osaic Holdings Inc. now owns 74,149 shares of the company’s stock valued at $210,000 after purchasing an additional 70,794 shares during the last quarter. Wells Fargo & Company MN raised its holdings in Credit Suisse Asset Management Income Fund by 15.1% during the fourth quarter. Wells Fargo & Company MN now owns 54,361 shares of the company’s stock worth $154,000 after purchasing an additional 7,113 shares in the last quarter. Commonwealth Equity Services LLC lifted its position 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 worth $211,000 after buying an additional 36,825 shares during the last quarter. Finally, Fiera Capital Corp boosted its holdings in shares of Credit Suisse Asset Management Income Fund by 93.0% in the 4th quarter. Fiera Capital Corp now owns 413,905 shares of the company’s stock valued at $1,171,000 after buying an additional 199,448 shares in the last quarter. Institutional investors and hedge funds own 29.49% of the company’s stock.

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.