Credit Suisse AM Inc Fund Inc. (NYSEAMERICAN:CIK) Major Shareholder Saba Capital Management, L.P. Acquires 42,407 Shares of Stock
Credit Suisse AM Inc Fund Inc. (NYSEAMERICAN:CIK) major shareholder Saba Capital Management, L.P. acquired 42,407 shares of the business’s stock in a transaction dated Monday, March 23rd. The shares were bought at an average price of $2.33 per share, for a total transaction of $98,808.31. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Shares of CIK traded up $0.08 during mid-day trading on Thursday, hitting $2.42. 11,715 shares of the company traded hands, compared to its average volume of 255,295. Credit Suisse AM Inc Fund Inc. has a 1-year low of $1.97 and a 1-year high of $3.45.
The business also recently disclosed a monthly dividend, which was paid on Monday, March 23rd. Stockholders of record on Tuesday, March 17th were issued a dividend of $0.0225 per share. The ex-dividend date was Monday, March 16th. This represents a $0.27 annualized dividend and a dividend yield of 11.16%.
About Credit Suisse AM Inc Fund
Credit Suisse Asset Management Income Fund, Inc is a closed-ended fixed income mutual fund launched and managed by Credit Suisse Asset Management, LLC. The fund invests in the fixed income markets of the United States. It primarily invests in high yield corporate debt such as bonds and debentures that are rated Baa or lower by Moody's or BBB or lower by S&P.
Further Reading: Asset Allocation Models, Which is Right For You?
Receive News & Ratings for Credit Suisse AM Inc Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Credit Suisse AM Inc Fund and related companies with MarketBeat.com's FREE daily email newsletter.