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Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK - Get Free Report) passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $2.62 and traded as low as $2.43. Credit Suisse Asset Management Income Fund shares last traded at $2.46, with a volume of 410,682 shares
NEW YORK, July 16, 2026 /PRNewswire/ -- Credit Suisse Asset Management Income Fund, Inc. (the "Fund") announced today that the Fund's Board of Directors has approved changing the Fund's name to "UBS Asset Management Income Fund, Inc.", effective on or about September 4, 2026 (the "Name Change"). The Name Change does not require shareholder approval, and no changes are being made to the Fund's investment objective or strategies.
Credit Suisse Asset Management Income Fund Inc. trades at a 10% discount to NAV, reflecting investor concerns. CIK faces weak dividend coverage, with net investment income covering only 62% of payouts and 12% of distributions classified as return of capital. The fund's leverage stands at 28.55%, the expense ratio is near 3.7%, and almost 95% of holdings are below investment grade.
Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK - Get Free Report) shares crossed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $2.82 and traded as low as $2.46. Credit Suisse Asset Management Income Fund shares last traded at $2.46, with
Credit Suisse Asset Management Income Fund targets high-yield fixed income, with 80% in US high-yield bonds and 35% leverage. CIK recently cut its monthly distribution to $0.0220, with poor distribution coverage (~0.62x) and 11.7% return of capital in 2025 distributions. The fund trades at a 5.95% discount to NAV, deeper than its historical average, but has underperformed peers over most recent periods.
Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK - Get Free Report)'s share price crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $2.86 and traded as low as $2.67. Credit Suisse Asset Management Income Fund shares last traded at $2.67, with a volume of
Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK - Get Free Report) shares passed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $2.83 and traded as high as $2.86. Credit Suisse Asset Management Income Fund shares last traded at $2.86, with a volume
Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK - Get Free Report) passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $2.91 and traded as low as $2.79. Credit Suisse Asset Management Income Fund shares last traded at $2.80, with a volume of 428,553 shares
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