Laura DeFelice Expands Stake in Credit Suisse Asset Management Income Fund
Laura DeFelice, Chair of the Board at Credit Suisse Asset Management Income Fund Inc. (CIK), has made a notable investment in the company by acquiring a substantial number of shares, as revealed in a recent SEC filing. The fund is recognized for its impressive 9.2% dividend yield and has a remarkable history of maintaining dividend payouts for 39 consecutive years, showcasing its strong potential for generating income.
On January 21, DeFelice purchased 40,766 shares of common stock at a price of $2.92 per share, amounting to an investment of approximately $119,036. Following this transaction, her direct holdings in the company now total 47,402 shares. This investment highlights DeFelice’s ongoing commitment to the company and resonates with her pivotal position as a leader within the organization.
Financial Health and Stability
The fund continues to demonstrate robust financial health, marked by a commendable stability score and a historically low price volatility, with a beta of 0.7. According to InvestingPro data, CIK presents compelling insights into its investment potential, further solidifying its appeal for income-focused investors.
DeFelice’s strategic investment decisions further underline the significance of leadership in nurturing investor confidence and reinforcing the company’s commitment to its goals.
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