Credit Suisse Asset Management Income Fund, Inc. (CIK)
| Market Value | 156.62M |
| Revenue (ttm) | 18.01M |
| Net Income (ttm) | 20.77M |
| Shares Out | 53.09M |
| EPS (ttm) | 0.39 |
| PE Ratio | 7.57 |
| Forward PE | n/a |
| Dividend | $0.28 (9.36%) |
| Ex-Dividend Date | Nov 18, 2024 |
| Volume | 401,926 |
| Open | 2.960 |
| Previous Close | 2.960 |
| Day's Range | 2.950 - 2.970 |
| 52-Week Range | 2.690 - 3.190 |
| Beta | 0.71 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | n/a |
About CIK
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. The fund benchmarks the performance of its portfolio against the BofA Merrill Lynch US High Yield Master II Constrained Index. Credit Suisse Asset Management Income Fund, Inc. was formed o... [Read more]
News
CIK: Checking In On This UBS CEF, 9% Yield (Rating Upgrade)
UBS Asset Management now advises the Credit Suisse Asset Management Income Fund, which has de-risked its portfolio and reduced 'CCC' assets. CIK's portfolio now includes 40% 'BB' rated assets with a c...
CIK: A Good 9.17% Yielding Junk Bond Fund, But It Is Not Cheap
The Credit Suisse Asset Management Income Fund, Inc. offers a 9.17% yield, competitive with peers in the sector. The CIK closed-end fund's recent performance has been weaker than domestic investment-g...
CIK: This High Yield CEF Is Now Too Expensive
Credit Suisse Asset Management Income Fund (CIK) has a large allocation to CCC-rated bonds and 27% leverage ratio, making it a risk-on vehicle. CIK is currently trading at a 3.69% premium to net asset...
CEF Weekly Review: CEF Fees Remain Full Of Pitfalls
We review CEF market valuation and performance through the second week of February and highlight recent market action. CEF price action was mixed, with higher-quality fixed-income sectors and interest...
CIK: Shares Of This Junk Bond CEF Are Trading At An Unjustifiable Price
The Credit Suisse Asset Management Income Fund has a yield of 8.71%, lower than some other funds investing in fixed-income securities. The fund's share price has increased by 19.69% since October 9, o...
CEF Weekly Review: CEF Launch Date Doesn't Matter (For Income)
We review CEF market valuation and performance through the second week of November and highlight recent market action. Most CEF sectors struggled during the week, with only Muni sectors finishing in t...
CEF Weekly Review: Performance Is The Distribution Anchor For Equity CEFs
We review CEF market valuation and performance through the second week of October and highlight recent market action. CEFs had a good week; however, discount action remains depressed. Equity CEFs have...
CIK: Moving Back To This High-Yield CEF Outperformer
We discuss our move back to CIK - a mostly high-yield corporate bond CEF - that has been a strong performer in the sector. The fund's net income has been stable over the past two years due to a modest...
CIK: This Underfollowed Junk Bond Fund Is Actually Pretty Good
Credit Suisse Asset Management Income Fund, Inc offers a high level of income with a 10.42% yield, but that yield is not impressive compared to other income-focused closed-end funds. The fund has outp...
CIK: Just Vote 'Yes'
Credit Suisse Asset Management Income Fund is a fixed income closed end fund that has been affected by Credit Suisse's merger with UBS. The merger has voided the Investment Advisory Agreement, leading...
CIK And DHY: Why These Corporate Bond CEFs Belong In Most Income Portfolios
We highlight our strategy of allocating to a pair of sister High Yield corporate bond CEFs Credit Suisse Asset Management Income Fund, Inc and Credit Suisse High Yield Bond across our portfolios. Spec...
CEF Weekly Review: Term CEFs Continue To Be Misunderstood
We review CEF market valuation and performance through the third week of May and highlight recent market action. CEFs were mostly down on the week as rising Treasury yields were the key headwind.
CIK: Resilient HY CEF, Back To Normal
Credit Suisse Asset Management Income Fund is a fixed income CEF focused on the U.S. high yield market. The CEF experienced a significant 10% widening of the discount to NAV when questions were swirli...
The Month In Closed-End Funds: April 2023
For the first month in three, equity CEFs (+0.67% on a NAV basis) on average witnessed plus-side performance. While their fixed-income CEF cohorts (+0.56%) posted gains for the second consecutive mont...
CEF Weekly Review: The Key Difference Between Accounting Income And Cash Flow
We review CEF market valuation and performance through the first week of April and highlight recent market action. CEFs had a fairly flat week with higher-quality / longer-duration sectors outperformi...
Market Volatility Opens Up More CEF Relative Value Opportunities
Recent market volatility has opened up valuation divergences between very similar CEFs, creating opportunities for switches or outright holds. This offers income investors an opportunity to pick up ad...
CIK: Remarkable Market Action In This Credit Suisse CEF
Credit Suisse Asset Management Income Fund is a high yield closed end fund. CDS levels spiked massively for Credit Suisse on March 15 saw a massive spike in, and the share price was pummeled.
Checking In On CIK, A Monthly Pay 10% Yielding Fund
Credit Suisse Asset Management Income Fund is a U.S. HY closed end fund. The CEF has a 10% true dividend yield, with no ROC currently utilized.
CEF Weekly Review: Distribution Cuts Pick Up Where 2022 Left Off
We review CEF market valuation and performance through the first week of January and highlight recent market action. The CEF market had a strong start to the year, supported by higher stocks and lower...
CEF Weekly Review: High Yields Understate Bond Distribution Coverage
We review CEF market valuation and performance through the third week of October and highlight recent market action. The CEF space was fairly flat this week with Munis underperforming and Equity-linke...
Why We Are Buying 7-10% Yielding Corporate Credit
High-yield corporate bond yields have nearly doubled this year on the back of the rise in Treasury yields and a back-up in credit spreads. At current yields, we find corporate bonds attractive in an e...
CIK: This 9.7%-Yielding Bond CEF Is Cheaper Than It Looks
High-yield corporate bonds have seen their yields rise into a much more attractive territory this year. We highlight CIK - a CEF that holds primarily high-yield corporate bonds that has outperformed t...
CIK: HY Fund From Credit Suisse, 8.68% Yield
CIK is a closed end fund focused on fixed income.
'High-High-Low' Closed-End Fund Report, February 2022: ARDC, HYB, JRI Buy Ratings Affirmed
Only funds with yields over 6.5%, coverage higher than 85% and trading at under a +5% premium are considered. Top lists of discount, yield, DxY and DxYxZ are given.
