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 Friday, May 1st. Investors 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 Stock Up 0.6%

NYSEAMERICAN CIK traded up $0.02 on Wednesday, reaching $2.56. The company had a trading volume of 137,650 shares, compared to its average volume of 425,825. Credit Suisse Asset Management Income Fund has a 1 year low of $2.44 and a 1 year high of $3.04. The firm has a 50-day moving average of $2.57 and a 200-day moving average of $2.73.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CIK. Dynamic Advisor Solutions LLC raised its position in shares of Credit Suisse Asset Management Income Fund by 6.3% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 63,840 shares of the company’s stock worth $181,000 after purchasing an additional 3,759 shares during the period. Wells Fargo & Company MN boosted its position in 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 period. Invesco Ltd. grew its stake in Credit Suisse Asset Management Income Fund by 1.4% during the 2nd quarter. Invesco Ltd. now owns 531,135 shares of the company’s stock worth $1,572,000 after buying an additional 7,463 shares during the last quarter. Raymond James Financial Inc. bought a new position in Credit Suisse Asset Management Income Fund during the 2nd quarter worth $25,000. Finally, Concurrent Investment Advisors LLC acquired a new stake in Credit Suisse Asset Management Income Fund in the fourth quarter worth $29,000. 29.49% of the stock is currently owned by hedge funds and other institutional investors.

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.