Saba Capital Management, L.P. Purchases 36,031 Shares of Credit Suisse AM Inc Fund Inc. (CIK) Stock
Credit Suisse AM Inc Fund Inc. (NYSE:CIK) major shareholder Saba Capital Management, L.P. bought 36,031 shares of the business’s stock in a transaction dated Tuesday, November 15th. The stock was acquired at an average price of $2.93 per share, for a total transaction of $105,570.83. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Credit Suisse AM Inc Fund Inc. (NYSE:CIK) opened at 3.06 on Friday. Credit Suisse AM Inc Fund Inc. has a 52 week low of $2.55 and a 52 week high of $3.32. The stock has a 50 day moving average price of $3.07 and a 200-day moving average price of $3.01. The stock’s market cap is $159.96 million.
Credit Suisse AM Inc Fund Company Profile
Credit Suisse Asset Management Income Fund, Inc (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is to provide current income consistent with the preservation of capital by investing primarily in fixed-income securities. Under normal circumstances, the Fund will invest at least 75% of its total assets in fixed-income securities, such as bonds, debentures and preferred stock.
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