Credit Suisse AM Inc Fund Inc. (NYSE:CIK) major shareholder Saba Capital Management, L.P. sold 96,855 shares of the stock in a transaction on Friday, July 28th. The stock was sold at an average price of $3.40, for a total transaction of $329,307.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own more than 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 Tuesday, July 25th, Saba Capital Management, L.P. sold 35,614 shares of Credit Suisse AM Inc Fund stock. The stock was sold at an average price of $3.43, for a total transaction of $122,156.02.
- 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) traded up 0.3274% during mid-day trading on Monday, hitting $3.4011. 52,428 shares of the stock were exchanged. The stock’s 50-day moving average price is $3.37 and its 200-day moving average price is $3.32. Credit Suisse AM Inc Fund Inc. has a 52-week low of $2.91 and a 52-week high of $3.50.
The company also recently announced a monthly dividend, which was paid on Tuesday, July 18th. Investors of record on Wednesday, July 12th were paid a $0.022 dividend. This represents a $0.26 annualized dividend and a dividend yield of 7.79%. The ex-dividend date of this dividend was Monday, July 10th.
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Credit Suisse AM Inc Fund Company Profile
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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