Credit Suisse AM Fund : CIK First Quarter Earnings Release (PDF)
May 18, 2020 at 09:21 am EDT
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FOR IMMEDIATE RELEASE
Investor Relations:
1-800-293-1232
CREDIT SUISSE ASSET MANAGEMENT INCOME FUND, INC.
REPORTS FIRST QUARTER EARNINGS
New York, New York - May 15, 2020: Credit Suisse Asset Management Income Fund, Inc.
(NYSE Amex: CIK), a registered closed-end investment company, today announced earnings for the First quarter ended March 31, 2020.
Total net assets of the Fund on March 31, 2020 were $143,394,183 as compared with $182,029,590 on December 31, 2019 and $178,319,837 on March 31, 2019. On March 31, 2020, the net asset value per share was $2.74 based on 52,304,929 shares outstanding.
March 31, 2020
December 31,
March 31, 2019
2019
Total Net Assets
$143,394,183
$182,029,590
$178,319,837
NAV Per Share
$2.74
$3.48
$3.41
Shares
52,304,929
52,304,929
52,304,929
Outstanding
For the period January 1, 2020 through March 31, 2020, total net investment income was $3,501,411 or $0.07 per share. The total net realized and unrealized gain (loss) was $(38,606,234) or $(0.74) per share for the same period.
First Quarter
Fourth Quarter
First Quarter
Ended
Ended
Ended
March 31, 2020
December 31,
March 31, 2019
2019
Total Net Investment
Income
$3,501,411
$3,130,595
$3,466,165
Per Share
$0.07
$0.06
$0.07
Total Net Realized/
Unrealized Gain/(Loss)
$(38,606,234)
$2,530,445
$10,487,429
Per Share
$(0.74)
$0.05
$0.20
Credit Suisse Asset Management Income Fund, Inc. is managed by Credit Suisse Asset Management, LLC.
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Disclaimer
Credit Suisse Asset Management Income Fund Inc. published this content on 15 May 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 May 2020 13:20:12 UTC
Credit Suisse Asset Management Income Fund, Inc. (the Fund) is a diversified, closed-end management investment company. The investment objective of the Fund is to provide current income consistent with the preservation of capital. The Fund's investment portfolio will not be managed for capital appreciation. Under normal circumstances, the Fund invests at least 75% of its total assets in fixed income securities, such as bonds, convertible securities and preferred stocks. The Fund primarily invests in high yield fixed income securities that are in the lower rating categories of Moodyâs Investors Service, Inc. (Moody's), S&P Global Ratings (S&P) or another nationally recognized ratings service. The Fund may also invest in debt securities issued or guaranteed by the United States (U.S.) government, or by agencies or instrumentalities established or sponsored by the U.S. government, including mortgage-backed securities. The Fund's investment adviser is Credit Suisse Asset Management, LLC.
CREDIT SUISSE ASSET MANAGEMENT INCOME FUND, INC. 
