Major Shareholding Notification • Aug 18, 2017
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Download Source FileSC 13D/A 1 sched13da.htm SCHEDULE 13D/A Saba Capital Management, L.P. - Schedule 13D/A - Filed by newsfilecorp.com
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934 (Amendment No. [ 2 ])*
CREDIT SUISSE ASSET MANAGEMENT INCOME FUND (Name of Issuer)
Common Shares, 0.001 par value (Title of Class of Securities)
224916106 (CUSIP Number)
Saba Capital Management, L.P. 405 Lexington Avenue 58th Floor New York, NY 10174 Attention: Michael D'Angelo (212) 542-4635 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
August 16, 2017 (Date of Event Which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the following box. [X]
(Page 1 of 6 Pages)
The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
CUSIP No. 224916106 SCHEDULE 13D/A Page 2 of 6 Pages
| 1 | NAME OF REPORTING PERSON |
|---|---|
| Saba Capital Management, L.P. | |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
| (a) [ ] | |
| (b) [ ] | |
| 3 | SEC USE ONLY |
| 4 | SOURCE OF FUNDS |
| OO (see Item 3) | |
| 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED |
| PURSUANT TO ITEMS 2(d) or 2(e) | |
| [ ] | |
| 6 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware |
| 7 | SOLE VOTING POWER | |
|---|---|---|
| -0- | ||
| NUMBER OF | ||
| SHARES | 8 | SHARED VOTING POWER |
| BENEFICIALLY | 5,371,238 | |
| OWNED BY | ||
| EACH | 9 | SOLE DISPOSITIVE POWER |
| REPORTING | -0- | |
| PERSON WITH: | ||
| 10 | SHARED DISPOSITIVE POWER | |
| 5,371,238 |
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON |
|---|---|
| 5,371,238 | |
| 12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN |
| SHARES | |
| [ ] | |
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
| 10.27% 1 | |
| 14 | TYPE OF REPORTING PERSON PN; IA |
1 The percentages used herein are calculated based upon 52,291,765 shares of common stock outstanding as of 3/10/2017, as disclosed in the company's Certified Shareholder Report Form DEF 14A filed 3/13/2017.
CUSIP No. 224916106 SCHEDULE 13D/A Page 3 of 6 Pages
| 1 | NAME OF REPORTING PERSON Boaz R.
Weinstein |
| --- | --- |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
| | (a) [ ] |
| | (b) [ ] |
| 3 | SEC USE ONLY |
| 4 | SOURCE OF FUNDS |
| | OO (see Item 3) |
| 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) |
| | [ ] |
| 6 | CITIZENSHIP OR PLACE OF ORGANIZATION United States |
| 7 | SOLE VOTING POWER | |
|---|---|---|
| -0- | ||
| NUMBER OF | ||
| SHARES | 8 | SHARED 5,371,238 VOTING POWER |
| BENEFICIALLY | ||
| OWNED BY | ||
| EACH | 9 | SOLE DISPOSITIVE POWER |
| REPORTING | -0- | |
| PERSON WITH: | ||
| 10 | SHARED DISPOSITIVE POWER | |
| 5,371,238 |
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON |
|---|---|
| 5,371,238 | |
| 12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES |
| CERTAIN SHARES | |
| [ ] | |
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW |
| (11) | |
| 10.27% 1 | |
| 14 | TYPE OF REPORTING PERSON IN |
1 The percentages used herein are calculated based upon 52,291,765 shares of common stock outstanding as of 3/10/2017, as disclosed in the company's Certified Shareholder Report Form DEF 14A filed 3/13/2017.
CUSIP No. 224916106 SCHEDULE 13D/A Page 4 of 6 Pages
This Amendment No. 2 amends and supplements the statement on Schedule 13D filed with the Securities and Exchange Commission (the "SEC") on February 14, 2017 (the "Original Schedule 13D"). With respect to the shares ("Shares") of common stock, par value $0.001 per share, of Credit Suisse Asset Management Income Fund, Inc.(the "Issuer"). This Amendment No. 2 amends Items 3 and 5 as set forth below.
Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Funds for the purchase of the Common Shares were derived from the subscription proceeds from investors in SCMF, SCMF II, SCLMF, SCS, SCEF 1 and SCEF 2 and the capital appreciation thereon and margin account borrowings made in the ordinary course of business. In such instances, the positions held in the margin accounts are pledged as collateral security for the repayment of debit balances in the account, which may exist from time to time. Since other securities are held in the margin accounts, it is not possible to determine the amounts, if any, of margin used to purchase the Common Shares reported herein. A total of $16,134,247 was paid to acquire the Common Shares reported herein.
Item 5. Interest in Securities of the Issuer
| (a) | See rows (11) and (13) of the cover pages to this
Schedule 13D/A for the aggregate number of Shares and percentages of the
Shares beneficially owned by each of the Reporting Persons. The
percentages used herein are calculated based upon 52,291,765 shares of
common stock outstanding as of 3/10/2017, as disclosed in the company's
Certified Shareholder Report Form DEF 14A filed 3/13/2017. |
| --- | --- |
| (b) | See rows (7) through (10) of the cover pages to this
Schedule 13D/A for the number of Shares as to which each Reporting Person
has the sole or shared power to vote or direct the vote and sole or shared
power to dispose or to direct the disposition. |
| (c) | The transactions in the Shares effected in the last sixty
days by Saba Capital on behalf of the Saba Entities, which were all in the
open market, are set forth in Schedule A, and are incorporated herein by
reference. |
| (d) | No person other than the Reporting Persons and the Saba
Entities is known to have the right to receive, or the power to direct the
receipt of dividends from, or proceeds from the sale of, such
Shares. |
| (e) | Not applicable. |
CUSIP No. 224916106 SCHEDULE 13D/A Page 5 of 6 Pages
SIGNATURES
After reasonable inquiry and to the best of his or its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.
Date: August 18, 2017
| SABA CAPITAL MANAGEMENT, L.P. |
|---|
| /s/ |
| Michael D'Angelo |
| Name: Michael D'Angelo |
| Title: Chief Compliance Officer |
| BOAZ R. WEINSTEIN |
| /s/ |
| Michael D'Angelo |
| Name: Michael D'Angelo |
| Title: Attorney-in-fact* |
CUSIP No. 224916106 SCHEDULE 13D/A Page 6 of 6 Pages
Schedule A
This Schedule sets forth information with respect to each purchase and sale of Shares which were effectuated by a Reporting Person in the last sixty days. All transactions were effectuated in the open market through a broker.
SABA CAPITAL MANAGEMENT, L.P
| Trade | Shares | |
|---|---|---|
| Date | Purchased (Sold) | Price |
| 8/17/17 | (8,184) | 3.32 |
| 8/16/17 | (56,455) | 3.35 |
| 8/15/17 | (48,000) | 3.34 |
| 8/10/17 | (2,800) | 3.34 |
| 8/9/17 | (9,200) | 3.35 |
| 8/8/17 | (12,157) | 3.36 |
| 8/4/17 | (47,052) | 3.40 |
| 8/3/17 | (50,000) | 3.40 |
| 8/2/17 | (27,710) | 3.40 |
| 8/1/17 | (89,400) | 3.40 |
| 7/31/17 | (54,000) | 3.40 |
| 7/28/17 | (12,110) | 3.40 |
| 7/27/17 | (53,859) | 3.40 |
| 7/26/17 | (30,886) | 3.41 |
| 7/25/17 | (15,534) | 3.42 |
| 7/24/17 | (20,080) | 3.44 |
| 7/20/17 | (36,543) | 3.43 |
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