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

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) insider Laura A. Defelice purchased 40,766 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were acquired at an average price of $2.92 per share, with a total value of $119,036.72. Following the completion of the transaction, the insider now owns 47,402 shares of the company’s stock, valued at approximately $138,413.84. This trade represents a 614.32 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Credit Suisse Asset Management Income Fund Price Performance

Shares of NYSEAMERICAN CIK traded up $0.01 during midday trading on Tuesday, reaching $2.94. The company had a trading volume of 413,409 shares, compared to its average volume of 376,575. Credit Suisse Asset Management Income Fund, Inc. has a one year low of $2.82 and a one year high of $3.13.

Credit Suisse Asset Management Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 24th. Stockholders of record on Thursday, January 16th will be paid a dividend of $0.0225 per share. This represents a $0.27 dividend on an annualized basis and a dividend yield of 9.18%. The ex-dividend date is Thursday, January 16th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CIK. HighTower Advisors LLC bought a new stake in Credit Suisse Asset Management Income Fund in the 3rd quarter worth $34,000. Jane Street Group LLC purchased a new stake in shares of Credit Suisse Asset Management Income Fund during the third quarter worth about $37,000. Fortis Group Advisors LLC bought a new stake in shares of Credit Suisse Asset Management Income Fund in the third quarter worth about $39,000. B. Riley Wealth Advisors Inc. increased its holdings in Credit Suisse Asset Management Income Fund by 14.2% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 26,905 shares of the company’s stock valued at $80,000 after purchasing an additional 3,337 shares during the period. Finally, Dynamic Advisor Solutions LLC raised its position in Credit Suisse Asset Management Income Fund by 20.2% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 54,489 shares of the company’s stock valued at $157,000 after purchasing an additional 9,150 shares during the last quarter. 29.49% of the stock is 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.