Landscape Capital Management L.L.C. Invests $2.88 Million in Credit Suisse Asset Management Income Fund, Inc. $CIK

Landscape Capital Management L.L.C. bought a new stake in Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) in the second quarter, HoldingsChannel reports. The fund bought 1,163,091 shares of the company’s stock, valued at approximately $2,884,000.

A number of other hedge funds have also recently added to or reduced their stakes in CIK. Northwestern Mutual Wealth Management Co. lifted its stake in Credit Suisse Asset Management Income Fund by 1,886.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,503,121 shares of the company’s stock valued at $4,254,000 after buying an additional 1,427,460 shares during the last quarter. Shaker Financial Services LLC grew its position in shares of Credit Suisse Asset Management Income Fund by 204.3% during the second quarter. Shaker Financial Services LLC now owns 867,755 shares of the company’s stock worth $2,152,000 after acquiring an additional 582,569 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Credit Suisse Asset Management Income Fund by 1.4% in the 2nd quarter. Invesco Ltd. now owns 531,135 shares of the company’s stock valued at $1,572,000 after acquiring an additional 7,463 shares during the period. Bank of America Corp DE increased its holdings in shares of Credit Suisse Asset Management Income Fund by 15.1% in the 2nd quarter. Bank of America Corp DE now owns 443,692 shares of the company’s stock valued at $1,313,000 after acquiring an additional 58,250 shares during the period. Finally, Fiera Capital Corp raised its position in Credit Suisse Asset Management Income Fund by 93.0% in the 4th quarter. Fiera Capital Corp now owns 413,905 shares of the company’s stock valued at $1,171,000 after purchasing an additional 199,448 shares during the last quarter. Hedge funds and other institutional investors own 29.49% of the company’s stock.

Credit Suisse Asset Management Income Fund Stock Performance

Shares of NYSEAMERICAN:CIK opened at $2.43 on Friday. The firm has a fifty day moving average price of $2.45 and a 200 day moving average price of $2.55. Credit Suisse Asset Management Income Fund, Inc. has a 1-year low of $2.42 and a 1-year high of $3.04.

Credit Suisse Asset Management Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 24th. Shareholders of record on Monday, August 17th will be paid a $0.02 dividend. The ex-dividend date is Monday, August 17th. This represents a c) dividend on an annualized basis and a yield of 9.9%.

About Credit Suisse Asset Management Income Fund

Credit Suisse Asset Management Income Fund Inc (NYSE American: CIK) is a closed-end management investment company managed by Credit Suisse Asset Management, one of the world’s leading asset managers. The fund’s primary objective is to provide shareholders with a high level of current income, with a secondary objective of capital appreciation. It achieves this by investing in a diversified portfolio of income-producing securities across fixed-income and equity markets.

The fund typically allocates assets to a mix of investment-grade and below-investment-grade corporate bonds, bank loans, mortgage- and asset-backed securities, convertible securities and dividend-paying equities.