Laura A. Defelice Buys 40,766 Shares of Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) Stock

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) insider Laura A. Defelice acquired 40,766 shares of the stock in a transaction on Tuesday, January 21st. The stock was bought at an average price of $2.92 per share, with a total value of $119,036.72. Following the transaction, the insider now directly owns 47,402 shares of the company’s stock, valued at approximately $138,413.84. The trade was a 614.32 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Credit Suisse Asset Management Income Fund Stock Performance

Shares of NYSEAMERICAN CIK opened at $2.95 on Thursday. Credit Suisse Asset Management Income Fund, Inc. has a 52 week low of $2.82 and a 52 week high of $3.13.

Credit Suisse Asset Management Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 24th. Shareholders of record on Thursday, January 16th will be given a $0.0225 dividend. This represents a $0.27 dividend on an annualized basis and a dividend yield of 9.15%. The ex-dividend date of this dividend is Thursday, January 16th.

Institutional Trading of Credit Suisse Asset Management Income Fund

Institutional investors have recently modified their holdings of the company. HighTower Advisors LLC bought a new position in Credit Suisse Asset Management Income Fund in the 3rd quarter worth $34,000. Jane Street Group LLC bought a new position in Credit Suisse Asset Management Income Fund in the third quarter worth about $37,000. B. Riley Wealth Advisors Inc. lifted its holdings in Credit Suisse Asset Management Income Fund by 14.2% in the second quarter. B. Riley Wealth Advisors Inc. now owns 26,905 shares of the company’s stock worth $80,000 after buying an additional 3,337 shares during the period. IMS Capital Management boosted its position in Credit Suisse Asset Management Income Fund by 63.3% during the 2nd quarter. IMS Capital Management now owns 194,581 shares of the company’s stock valued at $597,000 after acquiring an additional 75,404 shares in the last quarter. Finally, Fiera Capital Corp grew its holdings in shares of Credit Suisse Asset Management Income Fund by 555.2% during the 3rd quarter. Fiera Capital Corp now owns 166,450 shares of the company’s stock worth $514,000 after acquiring an additional 141,044 shares during the period. 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 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.