Insider Buying: Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) Insider Purchases 40,766 Shares of Stock

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 that occurred on Tuesday, January 21st. The stock was purchased at an average price of $2.92 per share, for a total transaction of $119,036.72. Following the completion of the transaction, the insider now directly owns 47,402 shares in the company, valued at $138,413.84. This trade represents a 614.32 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link.

Credit Suisse Asset Management Income Fund Stock Down 0.3 %

Shares of CIK opened at $2.94 on Friday. Credit Suisse Asset Management Income Fund, Inc. has a twelve month low of $2.82 and a twelve month high of $3.13.

Credit Suisse Asset Management Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 24th. Stockholders 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 9.18%. The ex-dividend date is Thursday, January 16th.

Institutional Trading of Credit Suisse Asset Management Income Fund

A number of institutional investors have recently made changes to their positions in the business. B. Riley Wealth Advisors Inc. increased its holdings in Credit Suisse Asset Management Income Fund by 14.2% during 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 last quarter. IMS Capital Management increased its holdings in Credit Suisse Asset Management Income Fund by 63.3% during the second quarter. IMS Capital Management now owns 194,581 shares of the company’s stock worth $597,000 after buying an additional 75,404 shares during the last quarter. Fortis Group Advisors LLC acquired a new position in shares of Credit Suisse Asset Management Income Fund in the third quarter valued at $39,000. Fiera Capital Corp increased its holdings in shares of Credit Suisse Asset Management Income Fund by 555.2% in the third quarter. Fiera Capital Corp now owns 166,450 shares of the company’s stock valued at $514,000 after purchasing an additional 141,044 shares during the last quarter. Finally, HighTower Advisors LLC acquired a new position in shares of Credit Suisse Asset Management Income Fund in the third quarter valued at $34,000. 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.