CREDIT SUISSE ASSET MANAGEMENT INCOME FUND, INC.

Major Shareholding Notification • Feb 14, 2017

SC 13D 1 schedule13d.htm SC 13D Saba Capital Management, L.P.: Schedule 13D - Filed by newsfilecorp.com

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934 (Amendment No. [__])*

Credit Suisse Asset Management Income Fund (Name of Issuer)

Common Shares (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)

February 14, 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 10 Pages)

______ * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

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).

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CUSIP No. 224916106 SCHEDULE 13D Page 2 of 9 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
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:	7	SOLE VOTING POWER -0-
	8	SHARED VOTING POWER 5,945,208
	9	SOLE DISPOSITIVE POWER -0-
	10	SHARED DISPOSITIVE POWER 5,945,208
11	AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH PERSON 5,945,208
12	CHECK IF THE AGGREGATE AMOUNT IN ROW
(11) EXCLUDES CERTAIN SHARES [ ]
13	PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW (11) 11.37% 1
14	TYPE OF REPORTING PERSON PN; IA

_________ 1 The percentages used herein are calculated based upon 52,275,901 shares of common stock outstanding as of 6/30/2016, as disclosed in the company's Certified Shareholder Report Form N-CSRS filed 9/1/2016.

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CUSIP No. 224916106 SCHEDULE 13D Page 3 of 9 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
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:	7	SOLE VOTING POWER -0-
	8	SHARED VOTING POWER 5,945,208
	9	SOLE DISPOSITIVE POWER -0-
	10	SHARED DISPOSITIVE POWER 5,945,208
11	AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH PERSON 5,945,208
12	CHECK IF THE AGGREGATE AMOUNT IN ROW
(11) EXCLUDES CERTAIN SHARES [ ]
13	PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW (11) 11.37% 1
14	TYPE OF REPORTING PERSON IN

---

1 The percentages used herein are calculated based upon 52,275,901 shares of common stock outstanding as of 6/30/2016, as disclosed in the company's Certified Shareholder Report Form N-CSRS filed 9/1/2016

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Item 1.	SECURITY AND ISSUER
	This statement on Schedule 13D (the " Schedule
13D ") relates to the common shares (the " Common Shares "), of
Credit Suisse Asset Management Income Fund (the " Issuer "). The
Issuer's principal executive offices are located at One Madison Avenue,
NY, NY 10010.
Item 2.	IDENTITY AND BACKGROUND

(a)	This Schedule 13D is filed by:
	(i)	Saba Capital Management, L.P., a Delaware limited
partnership (" Saba Capital "); and
	(ii)	Mr. Boaz R. Weinstein (" Mr. Weinstein ").
	This statement is being jointly filed by Saba Capital
Management, L.P., a Delaware limited partnership ("Saba Capital") and Mr.
Boaz R. Weinstein (together, the "Reporting Persons”) with respect to the
ownership of the shares of Common Stock (as defined in Item 2(d)) by Saba
Capital Master Fund Ltd. ("SCMF"), Saba II AIV, L.P ("SCMF II"), Saba
Capital Leveraged Master Fund Ltd. ("SCLMF"), Saba Capital Series LLC
Series 1 ("SCS"), Saba Capital CEF Opportunities 1, Ltd. ("SCEF1"), and
Saba Capital CEF Opportunities 2, Ltd. ("SCEF2"). 2 Any
disclosures herein with respect to persons other than the Reporting
Persons are made on information and belief after making inquiry to the
appropriate party.
	Information required by Instruction C of Schedule 13D
with respect to Management is set forth herein.
	The filing of this statement should not be construed as
an admission that any Reporting Person, Management or any Saba Entity is,
for the purposes of Sections 13 of the Securities Exchange Act of 1934,
the beneficial owner of the Common Shares reported herein.
(b)	The address of the business office of each of the
Reporting Persons and Management is 405 Lexington Avenue, 58th Floor, New
York, New York 10174.
(c)	The principal business of: (i) Saba Capital is to serve
as investment manager to the Saba Entities, (ii) Mr. Weinstein, an
individual, is investment management and serving as the Managing Member of
Management and other affiliated entities and (iii) Management is to serve as general partner of Saba
Capital.

_______ 2 Saba Capital is the investment manager of the Saba Entities and by virtue of such status may be deemed to be the beneficial owner of the securities held by the Saba Entities. Saba Capital Management GP, LLC (" Management ") is the general partner of Saba Capital. Management does not directly hold any Common Shares. Boaz R. Weinstein is the Managing Member of Management and as a result may be deemed to have voting and investment power with respect to the securities held by the Saba Entities.

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| (d) | None of the Reporting Persons or Management has, during
the last five years, been convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors). |
| --- | --- |
| (e) | None of the Reporting Persons or Management has, during
the last five years, been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and, as a result of such
proceeding, was, or is subject to, a judgment, decree or final order
enjoining future violations of, or prohibiting or mandating activities
subject to, Federal or State securities laws or finding any violation with
respect to such laws. |
| (f) | Saba Capital is organized as a limited partnership under
the laws of the State of Delaware. Mr. Weinstein is a citizen of the
United States. Management is a limited liability company organized under
the laws of Delaware. |
| | The Reporting Persons have executed a Joint Filing
Agreement, dated February 14, 2017, with respect to the joint filing of
this Schedule 13D, and any amendment or amendments hereto, a copy of which
is attached hereto as Exhibit 1 . |

| 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
$18,080,944 was paid to acquire the Common Shares reported herein. |
| Item 4. | PURPOSE OF TRANSACTION |
| | The Reporting Persons acquired the Common Shares to which
this Schedule 13D relates in the ordinary course of business for
investment purposes because they believe that the Common Shares are
undervalued and represent an attractive investment opportunity. |
| | The Reporting Persons may engage in discussions with
management, the Board of Directors, other shareholders of the Issuer and
other relevant parties, including representatives of any of the foregoing,
concerning the Reporting Persons' investment in the Common Shares and the
Issuer, including, without limitation, matters concerning the Issuer's
business, operations, board appointments, governance, management, capitalization and
strategic plans and matters relating to the open or closed end nature of the
Issuer and timing of any potential liquidation of the Issuer. The Reporting
Persons may exchange information with any persons pursuant to appropriate
confidentiality or similar agreements or otherwise, work together with any
persons pursuant to joint agreements or otherwise, propose changes in the
Issuer's business, operations, board appointments, governance, management,
capitalization, strategic plans or matters relating to the open or closed end
nature of the Issuer or timing of any potential liquidation of the Issuer, or
propose or engage in one or more other actions set forth under subparagraphs
(a)-(j) of Item 4 of Schedule 13D. |

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The Reporting Persons intend to review their investment in the Issuer on a continuing basis. Depending on various factors, including, without limitation, the outcome of any discussions referenced above, the Issuer's financial position and strategic direction, actions taken by management or the Board of Directors, price levels of the Common Shares, other investment opportunities available to the Reporting Persons, conditions in the securities market and general economic and industry conditions, the Reporting Persons may in the future take such actions with respect to their investment in the Issuer as they deem appropriate, including, without limitation, purchasing additional Common Shares or selling some or all of their Common Shares, engaging in short selling of or any hedging or similar transactions with respect to the Common Shares and/or otherwise changing their intention with respect to any and all matters referred to in Item 4 of Schedule 13D. The Reporting Persons may, at any time and from time to time, review or reconsider their position and/or change their purpose and/or formulate plans or proposals with respect to their investment in the Common Shares.

The Reporting Persons have not entered into any agreement with any third party to act together for the purpose of acquiring, holding, voting or disposing of 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 for the aggregate number of Common Shares and percentages of
the Common Shares beneficially owned by each of the Reporting Persons. The
percentages used in this Schedule 13D are calculated based upon 52,275,901
shares of common stock outstanding as of 6/30/2016, as disclosed in the
company's Certified Shareholder Report Form N- CSRS filed
9/1/2016. |
| --- | --- |
| (b) | See rows (7) through (10) of the cover pages to this
Schedule 13D for the number of Common 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) | There were no transactions in the Common Shares effected
within the past sixty days by Saba Capital. |

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| (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 Common
Shares. |
| --- | --- |
| (e) | Not applicable. |

Item 6.	CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER
	Other than the Joint Filing Agreement attached as Exhibit 1 hereto, there are no contracts, arrangements,
understandings or relationships (legal or otherwise) among the persons
named in Item 2 hereof and between such persons and any person with
respect to any securities of the Issuer, including but not limited to
transfer or voting of any other securities, finder's fees, joint ventures,
loan or option arrangements, puts or calls, guarantees of profits,
divisions of profits or loss, or the giving or withholding of proxies.
Item 7.	MATERIAL TO BE FILED AS EXHIBITS
Exhibit 1:	Joint Filing Agreement Statement as required by Rule
13d-1(k)(1) under the Act.

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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: February 14, 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*

• Pursuant to a power of attorney dated as of November 16, 2015, which is incorporated herein by reference to Exhibit 2 to the Schedule 13G filed by the Reporting Persons on December 28, 2015, accession number: 0001062993-15-006823

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CUSIP No. 224916106 SCHEDULE 13D Page 9 of 9 Pages

EXHIBIT 1

JOINT FILING AGREEMENT PURSUANT TO RULE 13d-1(k)

The undersigned acknowledge and agree that the foregoing statement on Schedule 13D is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13D shall be filed on behalf of each of the undersigned without the necessity of filing additional joint filing agreements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained herein and therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate.

DATE: February 14, 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*

• Pursuant to a power of attorney dated as of November 16, 2015, which is incorporated herein by reference to Exhibit 2 to the Schedule 13G filed by the Reporting Persons on December 28, 2015, accession number: 0001062993-15-006823