Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) major shareholder Saba Capital Management, L.P. bought 71,791 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were acquired at an average price of $11.97 per share, for a total transaction of $859,338.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Shares of Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) opened at $3.29 on Monday. Credit Suisse Asset Management Income Fund, Inc. has a 52-week low of $3.08 and a 52-week high of $3.50.
The company also recently declared a monthly dividend, which will be paid on Friday, December 15th. Investors of record on Monday, December 11th will be given a $0.022 dividend. The ex-dividend date of this dividend is Friday, December 8th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 8.02%. Credit Suisse Asset Management Income Fund’s dividend payout ratio is 43.33%.
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About Credit Suisse Asset Management Income Fund
Credit Suisse Asset Management Income Fund, Inc is a diversified, closed-end management investment fund. The Fund’s investment objective is to provide current income consistent with the preservation of capital. The Fund invests in a range of sectors, which include advertising, auto parts and equipment, brokerage, building and construction, building materials, cable and satellite television, chemicals, consumer/commercial/lease financing, electronics, energy-exploration and production, food-wholesale, forestry and paper, gas distribution, health facilities, insurance brokerage, media-diversified, media content, medical products, metals and mining, oil field equipment and services, packaging, personal and household products, pharmaceuticals, software-services, real estate investment trusts, restaurants, specialty retail, and recreation and travel.
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