Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) Insider Purchases $119,036.72 in Stock

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

Credit Suisse Asset Management Income Fund Stock Up 0.3 %

Shares of CIK opened at $2.95 on Thursday. Credit Suisse Asset Management Income Fund, Inc. has a fifty-two week low of $2.82 and a fifty-two week 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. Investors of record on Thursday, January 16th will be given a dividend of $0.0225 per share. This represents a $0.27 dividend on an annualized basis and a yield of 9.15%. The ex-dividend date is Thursday, January 16th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. HighTower Advisors LLC bought a new stake in shares of Credit Suisse Asset Management Income Fund during the third quarter valued at approximately $34,000. Jane Street Group LLC bought a new stake in shares of Credit Suisse Asset Management Income Fund in the 3rd quarter worth $37,000. Fortis Group Advisors LLC bought a new stake in shares of Credit Suisse Asset Management Income Fund in the 3rd quarter worth $39,000. B. Riley Wealth Advisors Inc. raised its stake in shares of 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 purchasing an additional 3,337 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC lifted its holdings in shares of Credit Suisse Asset Management Income Fund by 20.2% during the fourth 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 in the last quarter. Hedge funds and other institutional investors own 29.49% of the company’s stock.

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.