May 15, 2023: CIK Announces First Quarter Earnings
May 16, 2023 at 07:43 pm IST
Share
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, 2023: 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, 2023.
Total net assets of the Fund on March 31, 2023 were $147,349,410 as compared with $143,914,031 on December 31, 2022 and $169,449,678 on March 31, 2022. On March 31, 2023, the net asset value per share was $2.80 based on 52,639,142 shares outstanding.
March 31, 2023
December 31, 2022
March 31, 2022
Total Net Assets
$147,349,410
$143,914,031
$169,449,678
NAV Per Share
$2.80
$2.73
$3.24
Shares Outstanding
52,639,142
52,633,303
52,338,992
For the period January 1, 2023 through March 31, 2023, total net investment income was $3,263,901 or $0.06 per share. The total net realized and change in unrealized gain (loss) was $3,708,008 or $0.07 per share for the same period.
First Quarter
Fourth Quarter
First Quarter
Ended
Ended
Ended
March 31, 2023
December 31, 2022
March 31, 2022
Total Net Investment
Income
$3,263,901
$3,105,349
$2,921,149
Per Share
$0.06
$0.05
$0.06
Total Net Realized/
$3,708,008
$2,467,934
$(9,552,371)
Change in Unrealized
Gain/(Loss)
Per Share
$0.07
$0.04
$(0.18)
The financial information contained herein is solely based upon the data available at the time of publication of this press release, and there is no assurance that any future results will be the same or similar to the results reported herein. Information that was obtained from third party sources we believe to be reliable is not guaranteed as to its accuracy or completeness. This press release contains no recommendations to buy or sell any specific securities and should not be considered investment advice of any kind. Past performance is no guarantee of future results. There can be no assurance that the Fund will meet its stated objective. In making any investment decision, individuals should utilize other information sources and the advice of their own professional adviser.
Credit Suisse Asset Management Income Fund, Inc. is managed by Credit Suisse Asset Management, LLC.
Attachments
Original Link
Original Document
Permalink
Disclaimer
Credit Suisse Asset Management Income Fund Inc. published this content on 15 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 May 2023 14:12:06 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. 
