Credit Suisse AM Inc Fund Inc. (NYSE:CIK) major shareholder Saba Capital Management, L.P. sold 35,614 shares of the stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $3.43, for a total transaction of $122,156.02. The sale was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Saba Capital Management, L.P. also recently made the following trade(s):
- On Thursday, July 20th, Saba Capital Management, L.P. sold 36,543 shares of Credit Suisse AM Inc Fund stock. The stock was sold at an average price of $3.43, for a total transaction of $125,342.49.
Shares of Credit Suisse AM Inc Fund Inc. (CIK) opened at 3.39 on Friday. The company’s 50 day moving average is $3.37 and its 200-day moving average is $3.32. Credit Suisse AM Inc Fund Inc. has a 12 month low of $2.91 and a 12 month high of $3.50.
The company also recently disclosed a monthly dividend, which was paid on Tuesday, July 18th. Investors of record on Wednesday, July 12th were given a dividend of $0.022 per share. The ex-dividend date was Monday, July 10th. This represents a $0.26 annualized dividend and a yield of 7.79%.
About Credit Suisse AM Inc 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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