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

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) declared a monthly dividend on Monday, July 6th. Investors of record on Thursday, July 16th will be given a dividend of 0.02 per share on Thursday, July 23rd. This represents a c) dividend on an annualized basis and a yield of 9.7%. The ex-dividend date is Thursday, July 16th.

Credit Suisse Asset Management Income Fund Stock Performance

NYSEAMERICAN:CIK traded down $0.01 during midday trading on Tuesday, reaching $2.48. The stock had a trading volume of 64,036 shares, compared to its average volume of 511,877. The firm has a fifty day simple moving average of $2.51 and a two-hundred day simple moving average of $2.64. Credit Suisse Asset Management Income Fund has a 12-month low of $2.43 and a 12-month high of $3.04.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. grew its stake in Credit Suisse Asset Management Income Fund by 1,886.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,503,121 shares of the company’s stock valued at $4,254,000 after acquiring an additional 1,427,460 shares during the last quarter. Concurrent Investment Advisors LLC acquired a new position in Credit Suisse Asset Management Income Fund during the fourth quarter worth about $29,000. Shaker Financial Services LLC lifted its holdings in shares of Credit Suisse Asset Management Income Fund by 190.9% in the fourth quarter. Shaker Financial Services LLC now owns 152,270 shares of the company’s stock valued at $431,000 after purchasing an additional 99,934 shares in the last quarter. Dynamic Advisor Solutions LLC grew its position in shares of Credit Suisse Asset Management Income Fund by 6.3% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 63,840 shares of the company’s stock valued at $181,000 after purchasing an additional 3,759 shares during the last quarter. Finally, Osaic Holdings Inc. grew its position in shares of 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. 29.49% of the stock is currently owned by institutional investors and hedge funds.

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.