Credit Suisse Asset Management Income Fund, Inc.
New York Stock Exchange AmericanCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- John G. Popp
- Full Time Employees
- 6
- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- One Madison Avenue New York City NY United States of America 10010-3629
- IPO Date
- Apr 8, 1987
- CIK
- 0000810766
- Website
- us-fund.credit-suisse.com
- Similar Companies
- Business
- Credit Suisse Asset Management Income Fund, Inc. Credit Suisse Asset Management Income Fund, Inc. (CIK) is a closed-end management investment company that seeks current income consistent with the preservation of capital by investing primarily in fixed-income securities, including high-yield U.S. corporate debt rated below investment grade such as bonds, debentures, convertible securities, and preferred stocks; under normal circumstances, the fund allocates at least 75% of its total assets to these fixed-income instruments, with most of the portfolio focused on U.S. high yield corporate debt and some exposure to sovereign or corporate debt of developing nations, benchmarked against the ICE BofA US High Yield Constrained Index. The fund, domiciled in the United States and listed on NYSE American, targets investors seeking attractive total returns from U.S. high yield bond markets through a disciplined strategy leveraging proprietary credit ratings, macro economic themes, sector analysis covering over 1,000 corporate issuers, and spread volatility evaluation. Founded in 1987 and headquartered in New York, New York, the fund operates under UBS Asset Management (Americas) LLC as investment adviser following the May 1, 2024 merger of Credit Suisse Asset Management, LLC into UBS AM (Americas), with State Street Bank & Trust Company serving as custodian and administrator; as of December 31, 2024, its portfolio emphasized corporate bonds across sectors like auto parts, building materials, chemicals, energy exploration & production, insurance brokerage, investments & miscellaneous financial services, machinery, packaging, software services, and support services, featuring holdings such as AAR Escrow Issuer LLC 6.750% notes due 2029, Adient Global Holdings Ltd. 7.000% notes due 2028, and TransDigm Inc. 6.375% notes due 2029. Recent developments include sustained monthly distributions, positive performance with NAV total return of 9.86% for the year ended December 31, 2024 outperforming the benchmark's 8.20%, net assets of approximately $156 million as of late 2025, and ongoing portfolio adjustments amid favorable high yield market technicals like limited new supply and positive fund flows.
CIK: Might Be Losing Its Touch, 9.5% Yield
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