Regulatory Filings • Sep 3, 2025
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Download Source FileUNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act File No. 811-05012
CREDIT SUISSE ASSET MANAGEMENT INCOME FUND, INC.
(Exact Name of Registrant as Specified in Charter)
Eleven Madison Avenue, New York, New York 10010
(Address of Principal Executive Offices) (Zip Code)
Omar Tariq
Credit Suisse Asset Management Income Fund, Inc.
Eleven Madison Avenue
New York, New York 10010
Registrant’s telephone number, including area code: (212) 325-2000
Date of fiscal year end: December 31
Date of reporting period: January 1, 2025 to June 30, 2025
Item 1. Reports to Stockholders.
Credit Suisse Asset Management Income Fund, Inc.
Eleven Madison Avenue
New York, NY 10010
Directors
Laura A. DeFelice
Chair of the Board
Charles W. Gerber
Mahendra R. Gupta
Samantha Kappagoda
John G. Popp
Lee M. Shaiman
Officers
Omar Tariq
Chief Executive Officer and President
John G. Popp
Chief Investment Officer
Brandi Sinkovich
Chief Compliance Officer
Lou Anne McInnis
Chief Legal Officer
Rose Ann Bubloski
Chief Financial Officer and Treasurer
Karen Regan
Senior Vice President and Secretary
Investment Adviser
UBS Asset Management (Americas) LLC
787 Seventh Avenue
New York, NY 10019
Administrator and Custodian
State Street Bank and Trust Co.
One Congress Street, Suite 1
Boston, MA 02114-2016
Shareholder Servicing Agent
Computershare Trust Company, N.A.
P.O. Box 43006
Providence, RI 02940-3078
Legal Counsel
Simpson Thacher & Bartlett LLP
425 Lexington Avenue
New York, NY 10017
Independent Registered Public Accounting Firm
Ernst & Young LLP
One Manhattan West
New York, NY 10001
Credit Suisse Asset Management Income Fund, Inc.
SEMIANNUAL REPORT
June 30, 2025 (unaudited)
Credit Suisse Asset Management Income Fund, Inc.
Semiannual Investment Adviser’s Report
June 30, 2025 (unaudited)
June 30, 2025
Dear Shareholder:
We are pleased to present this Semiannual Report covering the activities of the Credit Suisse Asset Management Income Fund, Inc. (the “Fund”) for the six-month period ended June 30, 2025 (“the Period”).
Performance Summary
1/1/2025 – 6/30/2025
| Fund & Benchmark | |
|---|---|
| Total Return (based on net asset value (“NAV”)) 1 | 3.70 % |
| Total Return (based on market value) 1 | 7.67 % |
| ICE BofA US High Yield Constrained Index (the “Index”) 2 | 4.55 % |
1 Assuming reinvestment of distributions.
2 The ICE BofA US High Yield Constrained Index (the “Index”) is an unmanaged index that tracks the performance of below investment-grade U.S. dollar-denominated corporate bonds issued in the U.S. domestic market, where each issuer’s allocation is limited to 2% of the Index. The Index does not have transaction costs and investors cannot invest directly in the Index.
Market Review: A positive period for high yield assets
The Period was positive for the high yield asset class, with the Index, the Fund’s benchmark, gaining 4.55% for the Period. This follows strong 2024 returns of 8.20%. For much of 2025 so far, government bond yields declined—the 10-year U.S. treasury rate reached 4.23% compared to 4.57% in the prior period. On the positive side, this provided a tailwind for high yield returns. Credit spreads widened as the Trump administration’s trade policy caused concern of a potential recession. However, investor sentiment improved throughout the second quarter as trade rhetoric softened and economic conditions remained sound. Spreads reached a peak of +476 basis points, up from +308 at the beginning of the Period, and settled at +323 basis points as of June 30, 2025. Accordingly, average yields on the Index decreased to end the Period at 7.02%—39 basis points lower than on December 31, 2024.
For the Period, BB-rated bonds outperformed the Index, gaining 5.01%. B-rated bonds were relatively in line with the Index, returning 4.25%, while CCC-rated bonds underperformed the Index with a 3.97% return.
From an industry perspective, food & drug retailers, non-electric utilities, and pharmaceuticals were the best performing sectors, gaining 8.44%, 7.84% and 7.58%, respectively. In contrast, the worst performing sectors included media-diversified, rail, and department stores, which returned -12.55%, -4.47% and -0.10%, respectively.
Default activity remains below long-term averages which led to very limited bankruptcy filings in the high yield space. According to JP Morgan, the default rate, including distressed exchanges, ended the Period at 1.41%—down 6 basis points over the Period. While we expect increased volatility for the remainder of the year, we do not expect a material increase in defaults in the near-term.
Mutual fund flows were positive during the Period, continuing the momentum from 2024. Inflows totaled $9.7 billion in the first six months of 2025, which compares to inflows of $5.4 billion in the first half of 2024 and $16.3 billion for 2024 overall. Interestingly, due to the market panic around President Trump’s trade negotiations, April 2025 saw $10.9 billion of outflows. However, inflows of nearly $7 billion in both May and June more than made up for the lost capital.
1
Credit Suisse Asset Management Income Fund, Inc.
Semiannual Investment Adviser’s Report (continued)
June 30, 2025 (unaudited)
Year-to-date, new high yield issuance totaled $145.6 billion—down approximately 12% year-over-year. However, if we exclude refinancing activity, “net” new issuance of $40.4 billion is up 29% versus the first half of 2024. So, while the high yield capital markets continue to be dominated by refinancing activity so far in 2025, it is to a lesser degree than last year.
Strategic review and outlook: Focusing on discipline to find the right opportunities
For the Period, the Fund underperformed from an NAV perspective but outperformed from a market-price perspective. From a ratings perspective, the portfolio outperformed the Index in both Ba and B-rated securities, while security selection within CCC-rated investments—along with an allocation to loans—detracted from relative returns.
Positive returns for the high yield asset class have persisted thanks to the resiliency of the U.S. economy and strong technical footing in the market with steady inflows and low net new issuance. The tariff threats are causing uncertainty and reducing capital investments, putting fundamentals at risk. However, when we examine the average high yield issuer, we see conservative balance sheets and enough cushion to withstand a slower growth environment. As volatility and uncertainty continue to impact markets, we believe the high yield asset class will continue to offer attractive risk-adjusted investment opportunities. We remain committed to our credit underwriting standards as cost of capital remains relatively high and growing geopolitical risks have the potential to hurt consumers and businesses alike.
John G. Popp Chief Investment Officer Omar Tariq Chief Executive Officer and President*
High yield bonds are lower-quality bonds that are also known as “junk bonds.” Such bonds entail greater risks than those found in higher-rated securities.
In addition to historical information, this report contains forward-looking statements, which may concern, among other things, domestic and foreign markets, industry and economic trends and developments, and government regulation, and their potential impact on the Fund’s investments. These statements are subject to risks and uncertainties and actual trends, developments and regulations in the future, and their impact on the Fund could be materially different from those projected, anticipated or implied. The Fund has no obligation to update or revise forward-looking statements.
The views of the Fund’s management are as of the date of this letter and the Fund holdings described in this document are as of June 30, 2025; these views and Fund holdings may have changed subsequent to these dates. Nothing in this document is a recommendation to purchase or sell securities.
** Omar Tariq is an Executive Director of UBS AM (Americas). Mr. Tariq also serves as Chief Executive Officer and President of the Credit Suisse open-end funds, the Credit Suisse Asset Management Income Fund, Inc. and the Credit Suisse High Yield Bond Fund.
2
Credit Suisse Asset Management Income Fund, Inc.
Semiannual Investment Adviser’s Report (continued)
June 30, 2025 (unaudited)
Average Annual Returns
June 30, 2025 (unaudited)
| Net Asset Value (NAV) | 3.70% | 8.85% | 11.91% | 8.51% | 7.03% |
|---|---|---|---|---|---|
| Market Value | 7.67% | 9.22% | 12.98% | 11.48% | 8.46% |
UBS AM (Americas) may waive fees and/or reimburse expenses, without which performance would be lower. Returns represent past performance and do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the sale of Fund shares. Total investment return at NAV is based on the change in the NAV of Fund shares and assumes reinvestment of dividends, capital gains, and return of capital distributions, if any, at prices pursuant to the Fund’s dividend reinvestment program. Total investment return at market value is based on the change in the market price at which the Fund’s shares traded on the NYSE American during the period and assumes reinvestment of dividends, capital gains, and return of capital distributions, if any, at prices pursuant to the Fund’s dividend reinvestment program. Because the Fund’s shares trade in the stock market based on investor demand, the Fund may trade at a price higher or lower than its NAV. Therefore, returns are calculated based on NAV and share price. Past performance is no guarantee of future results. The current performance of the Fund may be lower or higher than the figures shown. The Fund’s yield, return, NAV and market price will fluctuate. Performance information current to the most recent month end is available by calling 1-800-293-1232.
The annualized gross and net expense ratios are 3.02%.
Credit Quality Breakdown *
(% of Total Investments as of June 30, 2025)
S&P Ratings**
| BBB | 2.5 |
|---|---|
| BB | 34.9 |
| B | 39.2 |
| CCC | 12.4 |
| CC | 0.1 |
| D | 0.8 |
| NR | 7.4 |
| Subtotal | 97.3 |
| Equity and Other | 2.7 |
| Total | 100.0 % |
** Credit Quality is based on ratings provided by the S&P Global Ratings Division of S&P Global Inc. (“S&P”). S&P is a main provider of ratings for credit assets classes and is widely used amongst industry participants. The NR category consists of securities that have not been rated by S&P.
Derivatives are not reflected in amounts reported above.
3
Credit Suisse Asset Management Income Fund, Inc.
Schedule of Investments
June 30, 2025 (unaudited)
| Par (000) | Ratings† (S&P/Moody's) | Value | |||
|---|---|---|---|---|---|
| CORPORATE BONDS (107.5%) | |||||
| Aerospace & Defense (3.3%) | |||||
| $ 400 | AAR Escrow Issuer LLC, Rule 144A, Company Guaranteed Notes (Callable 03/15/26 @ 103.38) (1) | (BB, Ba2) | 03/15/29 | 6.750 | $ 414,797 |
| 1,600 | Amentum Holdings, Inc., Rule 144A, Company Guaranteed Notes (Callable 08/01/27 @ 103.63) (1) | (B, B3) | 08/01/32 | 7.250 | 1,647,819 |
| 391 | Bombardier, Inc., Rule 144A, Senior Unsecured Notes (Callable 02/01/26 @ 103.75) (1) | (BB-, B1) | 02/01/29 | 7.500 | 410,291 |
| 600 | Bombardier, Inc., Rule 144A, Senior Unsecured Notes (Callable 11/15/26 @ 104.38) (1) | (BB-, B1) | 11/15/30 | 8.750 | 650,224 |
| 305 | CACI International, Inc., Rule 144A, Company Guaranteed Notes (Callable 06/15/28 @ 103.19) (1) | (BB-, Ba2) | 06/15/33 | 6.375 | 314,778 |
| 536 | Goat Holdco LLC, Rule 144A, Senior Secured Notes (Callable 02/01/28 @ 103.38) (1) | (B, B2) | 02/01/32 | 6.750 | 545,367 |
| 840 | TransDigm, Inc., Rule 144A, Senior Secured Notes (Callable 03/01/26 @ 103.19) (1) | (BB-, Ba3) | 03/01/29 | 6.375 | 861,957 |
| 440 | TransDigm, Inc., Rule 144A, Senior Secured Notes (Callable 03/01/27 @ 103.31) (1) | (BB-, Ba3) | 03/01/32 | 6.625 | 456,229 |
| 5,301,462 | |||||
| Air Transportation (0.2%) | |||||
| 369 | VistaJet Malta Finance PLC/Vista Management Holding, Inc., Rule 144A, Senior Unsecured Notes (Callable 07/30/25 @ 103.19) (1),(2) | (B, B3) | 02/01/30 | 6.375 | 342,580 |
| Auto Parts & Equipment (5.7%) | |||||
| 1,388 | Adient Global Holdings Ltd., Rule 144A, Company Guaranteed Notes (Callable 02/15/28 @ 103.75) (1),(2) | (BB, B2) | 02/15/33 | 7.500 | 1,420,587 |
| 286 | Adient Global Holdings Ltd., Rule 144A, Senior Secured Notes (Callable 07/10/25 @ 103.50) (1) | (BBB-, Ba2) | 04/15/28 | 7.000 | 295,028 |
| 2,086 | Clarios Global LP/Clarios U.S. Finance Co., Rule 144A, Company Guaranteed Notes (Callable 07/30/25 @ 100.00) (1) | (B, Caa1) | 05/15/27 | 8.500 | 2,098,860 |
| 631 | Cougar JV Subsidiary LLC, Rule 144A, Senior Unsecured Notes (Callable 05/15/27 @ 104.00) (1) | (B+, B2) | 05/15/32 | 8.000 | 672,874 |
| 1,825 | Dealer Tire LLC/DT Issuer LLC, Rule 144A, Senior Unsecured Notes (Callable 07/30/25 @ 102.00) (1),(2) | (CCC, Caa1) | 02/01/28 | 8.000 | 1,764,383 |
| 1,530 | Garrett Motion Holdings, Inc./Garrett LX I SARL, Rule 144A, Company Guaranteed Notes (Callable 05/31/27 @ 103.88) (1) | (B, B1) | 05/31/32 | 7.750 | 1,594,387 |
| 1,222 | Phinia, Inc., Rule 144A, Senior Secured Notes (Callable 04/15/26 @ 103.38) (1) | (BB+, Baa3) | 04/15/29 | 6.750 | 1,262,623 |
| 9,108,742 | |||||
| Brokerage (0.6%) | |||||
| 945 | StoneX Group, Inc., Rule 144A, Secured Notes (Callable 03/01/27 @ 103.94) (1) | (BB-, Ba3) | 03/01/31 | 7.875 | 991,192 |
| Building & Construction (3.9%) | |||||
| 1,000 | Installed Building Products, Inc., Rule 144A, Company Guaranteed Notes (Callable 07/15/25 @ 100.00) (1) | (B+, Ba2) | 02/01/28 | 5.750 | 1,000,994 |
| 1,442 | MasTec, Inc., Rule 144A, Senior Unsecured Notes (Callable 07/10/25 @ 103.31) (1) | (BBB-, NR) | 08/15/29 | 6.625 | 1,449,779 |
| 1,774 | Pike Corp., Rule 144A, Company Guaranteed Notes (Callable 07/30/25 @ 101.38) (1) | (B, B3) | 09/01/28 | 5.500 | 1,771,129 |
| 200 | Pike Corp., Rule 144A, Senior Unsecured Notes (Callable 01/31/27 @ 104.31) (1) | (B, B3) | 01/31/31 | 8.625 | 217,766 |
| 434 | Quikrete Holdings, Inc., Rule 144A, Senior Secured Notes (Callable 03/01/28 @ 103.19) (1) | (BB, Ba3) | 03/01/32 | 6.375 | 447,216 |
See Accompanying Notes to Financial Statements.
4
Credit Suisse Asset Management Income Fund, Inc.
Schedule of Investments (continued)
June 30, 2025 (unaudited)
| Par (000) | Ratings† (S&P/Moody's) | Value | |||
|---|---|---|---|---|---|
| CORPORATE BONDS (continued) | |||||
| Building & Construction (continued) | |||||
| $ 723 | Quikrete Holdings, Inc., Rule 144A, Senior Unsecured Notes (Callable 03/01/28 @ 103.38) (1) | (B+, B2) | 03/01/33 | 6.750 | $ 746,480 |
| 705 | Standard Building Solutions, Inc., Rule 144A, Senior Unsecured Notes (Callable 08/15/27 @ 103.25) (1) | (BB, Ba3) | 08/15/32 | 6.500 | 722,860 |
| 6,356,224 | |||||
| Building Materials (5.9%) | |||||
| 377 | Advanced Drainage Systems, Inc., Rule 144A, Company Guaranteed Notes (Callable 07/30/25 @ 103.19) (1) | (BB-, Ba2) | 06/15/30 | 6.375 | 385,850 |
| 1,500 | Arcosa, Inc., Rule 144A, Company Guaranteed Notes (Callable 08/15/27 @ 103.44) (1) | (B+, Ba3) | 08/15/32 | 6.875 | 1,557,735 |
| 142 | Camelot Return Merger Sub, Inc., Rule 144A, Senior Secured Notes (Callable 07/30/25 @ 106.56) (1) | (B-, B3) | 08/01/28 | 8.750 | 131,063 |
| 735 | Cornerstone Building Brands, Inc., Rule 144A, Senior Secured Notes (Callable 08/15/26 @ 104.75) (1) | (B-, B3) | 08/15/29 | 9.500 | 676,349 |
| 1,606 | Foundation Building Materials, Inc., Rule 144A, Company Guaranteed Notes (Callable 07/30/25 @ 101.50) (1),(2) | (CCC+, Caa2) | 03/01/29 | 6.000 | 1,471,458 |
| 800 | James Hardie International Finance DAC, Rule 144A, Company Guaranteed Notes (Callable 07/30/25 @ 100.83) (1) | (BB, Ba1) | 01/15/28 | 5.000 | 796,768 |
| 532 | Masterbrand, Inc., Rule 144A, Company Guaranteed Notes (Callable 07/15/27 @ 103.50) (1) | (BB, Ba3) | 07/15/32 | 7.000 | 544,008 |
| 1,287 | Miter Brands Acquisition Holdco, Inc./MIWD Borrower LLC, Rule 144A, Senior Secured Notes (Callable 04/01/27 @ 103.38) (1) | (BB-, B1) | 04/01/32 | 6.750 | 1,320,827 |
| 1,819 | Oscar AcquisitionCo LLC/Oscar Finance, Inc., Rule 144A, Senior Unsecured Notes (Callable 07/30/25 @ 104.75) (1),(2) | (CCC, Caa2) | 04/15/30 | 9.500 | 1,482,607 |
| 400 | Standard Industries, Inc., Rule 144A, Senior Unsecured Notes (Callable 07/30/25 @ 102.19) (1) | (BB, Ba3) | 07/15/30 | 4.375 | 378,968 |
| 748 | White Cap Buyer LLC, Rule 144A, Senior Unsecured Notes (Callable 07/30/25 @ 101.72) (1),(2) | (CCC+, Caa1) | 10/15/28 | 6.875 | 747,386 |
| 9,493,019 | |||||
| Cable & Satellite TV (1.6%) | |||||
| 1,856 | Altice France SA, Rule 144A, Senior Secured Notes (Callable 07/30/25 @ 101.28) (1),(3),(4) | (D, Caa2) | 01/15/29 | 0.000 | 1,534,680 |
| 200 | Altice France SA, Rule 144A, Senior Secured Notes (Callable 07/30/25 @ 101.28) (1),(3),(4) | (D, Caa2) | 07/15/29 | 0.000 | 166,195 |
| 200 | Altice France SA, Rule 144A, Senior Secured Notes (Callable 07/30/25 @ 102.75) (1),(3),(4) | (D, Caa2) | 10/15/29 | 0.000 | 166,375 |
| 800 | Sunrise FinCo I BV, Rule 144A, Senior Secured Notes (Callable 07/15/26 @ 102.44) (1) | (BB-, B1) | 07/15/31 | 4.875 | 757,100 |
| 2,624,350 | |||||
| Chemicals (5.0%) | |||||
| 477 | Avient Corp., Rule 144A, Senior Unsecured Notes (Callable 08/01/25 @ 103.56) (1) | (BB-, Ba3) | 08/01/30 | 7.125 | 493,371 |
| 533 | Avient Corp., Rule 144A, Senior Unsecured Notes (Callable 09/15/27 @ 103.13) (1) | (BB-, Ba3) | 11/01/31 | 6.250 | 538,068 |
| 515 | Element Solutions, Inc., Rule 144A, Company Guaranteed Notes (Callable 07/30/25 @ 100.97) (1) | (BB, B1) | 09/01/28 | 3.875 | 499,138 |
See Accompanying Notes to Financial Statements.
5
Credit Suisse Asset Management Income Fund, Inc.
Schedule of Investments (continued)
June 30, 2025 (unaudited)
| Par (000) | Ratings† (S&P/Moody's) | Value | |||
|---|---|---|---|---|---|
| CORPORATE BONDS (continued) | |||||
| Chemicals (continued) | |||||
| $ 600 | Herens Holdco SARL, Rule 144A, Senior Secured Notes (Callable 07/30/25 @ 101.88) (1) | (B-, B2) | 05/15/28 | 4.750 | $ 538,403 |
| 800 | Herens Midco SARL, Rule 144A, Company Guaranteed Notes (Callable 07/30/25 @ 101.31) (1),(5) | (CCC, Caa2) | 05/15/29 | 5.250 | 692,156 |
| 1,288 | INEOS Finance PLC, Rule 144A, Senior Secured Notes (Callable 07/30/25 @ 103.38) (1) | (BB-, Ba3) | 05/15/28 | 6.750 | 1,279,766 |
| 607 | Methanex U.S. Operations, Inc., Rule 144A, Company Guaranteed Notes (Callable 09/15/31 @ 100.00) (1) | (BB, Ba2) | 03/15/32 | 6.250 | 604,773 |
| 1,600 | Tronox, Inc., Rule 144A, Company Guaranteed Notes (Callable 07/30/25 @ 101.16) (1),(2) | (BB-, B2) | 03/15/29 | 4.625 | 1,382,185 |
| 1,915 | Vibrantz Technologies, Inc., Rule 144A, Senior Unsecured Notes (Callable 07/30/25 @ 104.50) (1),(2) | (CCC+, Caa2) | 02/15/30 | 9.000 | 1,291,739 |
| 690 | WR Grace Holdings LLC, Rule 144A, Senior Secured Notes (Callable 03/01/26 @ 103.69) (1) | (B-, B2) | 03/01/31 | 7.375 | 706,743 |
| 8,026,342 | |||||
| Diversified Capital Goods (2.1%) | |||||
| 762 | Atkore, Inc., Rule 144A, Senior Unsecured Notes (Callable 06/01/26 @ 102.13) (1) | (BB+, Ba2) | 06/01/31 | 4.250 | 705,620 |
| 1,400 | Dornoch Debt Merger Sub, Inc., Rule 144A, Senior Unsecured Notes (Callable 07/30/25 @ 103.31) (1),(2) | (CCC, Caa2) | 10/15/29 | 6.625 | 1,085,890 |
| 600 | EnerSys, Rule 144A, Company Guaranteed Notes (Callable 09/15/27 @ 100.00) (1) | (BB+, Ba3) | 12/15/27 | 4.375 | 591,913 |
| 500 | EnerSys, Rule 144A, Company Guaranteed Notes (Callable 01/15/27 @ 103.31) (1) | (BB+, Ba3) | 01/15/32 | 6.625 | 511,811 |
| 491 | Maxam Prill SARL, Rule 144A, Senior Secured Notes (Callable 07/02/27 @ 103.88) (1) | (NR, NR) | 07/15/30 | 7.750 | 492,252 |
| 3,387,486 | |||||
| Electronics (1.3%) | |||||
| 1,015 | Ellucian Holdings, Inc., Rule 144A, Senior Secured Notes (Callable 12/01/26 @ 103.25) (1) | (B-, B2) | 12/01/29 | 6.500 | 1,040,572 |
| 950 | Sensata Technologies, Inc., Rule 144A, Company Guaranteed Notes (Callable 07/15/27 @ 103.31) (1) | (BB+, Ba2) | 07/15/32 | 6.625 | 978,471 |
| 2,019,043 | |||||
| Energy - Exploration & Production (6.3%) | |||||
| 425 | Civitas Resources, Inc., Rule 144A, Company Guaranteed Notes (Callable 07/10/25 @ 104.19) (1) | (BB-, B1) | 07/01/28 | 8.375 | 435,677 |
| 679 | Civitas Resources, Inc., Rule 144A, Company Guaranteed Notes (Callable 07/01/26 @ 104.38) (1) | (BB-, B1) | 07/01/31 | 8.750 | 687,746 |
| 211 | Civitas Resources, Inc., Rule 144A, Company Guaranteed Notes (Callable 06/15/28 @ 104.81) (1) | (BB-, B1) | 06/15/33 | 9.625 | 216,509 |
| 1,477 | CNX Midstream Partners LP, Rule 144A, Company Guaranteed Notes (Callable 07/30/25 @ 102.38) (1) | (BB, B1) | 04/15/30 | 4.750 | 1,398,826 |
| 450 | CNX Resources Corp., Rule 144A, Company Guaranteed Notes (Callable 03/01/27 @ 103.63) (1) | (BB, B1) | 03/01/32 | 7.250 | 466,112 |
| 2,050 | CQP Holdco LP/BIP-V Chinook Holdco LLC, Rule 144A, Senior Secured Notes (Callable 12/15/28 @ 103.75) (1) | (BB, Ba2) | 12/15/33 | 7.500 | 2,232,438 |
See Accompanying Notes to Financial Statements.
6
Credit Suisse Asset Management Income Fund, Inc.
Schedule of Investments (continued)
June 30, 2025 (unaudited)
| Par (000) | Ratings† (S&P/Moody's) | Value | |||
|---|---|---|---|---|---|
| CORPORATE BONDS (continued) | |||||
| Energy - Exploration & Production (continued) | |||||
| $ 203 | Excelerate Energy LP, Rule 144A, Company Guaranteed Notes (Callable 05/15/27 @ 104.00) (1) | (BB+, NR) | 05/15/30 | 8.000 | $ 214,527 |
| 420 | Matador Resources Co., Rule 144A, Company Guaranteed Notes (Callable 07/10/25 @ 103.44) (1) | (BB-, B1) | 04/15/28 | 6.875 | 428,723 |
| 626 | Matador Resources Co., Rule 144A, Company Guaranteed Notes (Callable 04/15/27 @ 103.25) (1) | (BB-, B1) | 04/15/32 | 6.500 | 626,494 |
| 550 | Murphy Oil USA, Inc., Rule 144A, Company Guaranteed Notes (Callable 02/15/26 @ 101.88) (1) | (BB+, Ba2) | 02/15/31 | 3.750 | 508,016 |
| 2,284 | Northern Oil & Gas, Inc., Rule 144A, Senior Unsecured Notes (Callable 07/30/25 @ 102.03) (1) | (B+, B1) | 03/01/28 | 8.125 | 2,305,837 |
| 720 | TGNR Intermediate Holdings LLC, Rule 144A, Senior Unsecured Notes (Callable 07/30/25 @ 102.75) (1) | (B+, B3) | 10/15/29 | 5.500 | 698,131 |
| 10,219,036 | |||||
| Environmental (0.4%) | |||||
| 223 | Clean Harbors, Inc., Rule 144A, Company Guaranteed Notes (Callable 02/01/26 @ 103.19) (1) | (BB+, Ba2) | 02/01/31 | 6.375 | 228,587 |
| 391 | Waste Pro U.S.A., Inc., Rule 144A, Senior Unsecured Notes (Callable 02/01/28 @ 103.50) (1) | (B-, B3) | 02/01/33 | 7.000 | 406,780 |
| 635,367 | |||||
| Food - Wholesale (1.6%) | |||||
| 500 | Darling Ingredients, Inc., Rule 144A, Company Guaranteed Notes (Callable 07/10/25 @ 100.00) (1) | (BB+, Ba2) | 04/15/27 | 5.250 | 499,164 |
| 1,133 | Darling Ingredients, Inc., Rule 144A, Company Guaranteed Notes (Callable 07/10/25 @ 103.00) (1) | (BB+, Ba2) | 06/15/30 | 6.000 | 1,148,881 |
| 885 | Performance Food Group, Inc., Rule 144A, Company Guaranteed Notes (Callable 09/15/27 @ 103.06) (1) | (BB, B1) | 09/15/32 | 6.125 | 906,190 |
| 2,554,235 | |||||
| Gaming (2.5%) | |||||
| 325 | Boyd Gaming Corp., Rule 144A, Company Guaranteed Notes (Callable 06/15/26 @ 102.38) (1) | (BB, B1) | 06/15/31 | 4.750 | 311,698 |
| 1,032 | Caesars Entertainment, Inc., Rule 144A, Senior Secured Notes (Callable 02/15/26 @ 103.50) (1) | (BB-, Ba3) | 02/15/30 | 7.000 | 1,069,077 |
| 218 | Caesars Entertainment, Inc., Rule 144A, Senior Secured Notes (Callable 02/15/27 @ 103.25) (1) | (BB-, Ba3) | 02/15/32 | 6.500 | 223,759 |
| 834 | Light & Wonder International, Inc., Rule 144A, Company Guaranteed Notes (Callable 07/15/25 @ 100.00) (1) | (B+, B2) | 05/15/28 | 7.000 | 837,299 |
| 1,500 | Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp., Rule 144A, Company Guaranteed Notes (Callable 02/15/27 @ 100.00) (1) | (BB-, B1) | 05/15/27 | 5.250 | 1,501,319 |
| 3,943,152 | |||||
| Gas Distribution (2.8%) | |||||
| 200 | Blue Racer Midstream LLC/Blue Racer Finance Corp., Rule 144A, Senior Unsecured Notes (Callable 07/15/27 @ 103.63) (1) | (B+, B2) | 07/15/32 | 7.250 | 212,042 |
See Accompanying Notes to Financial Statements.
7
Credit Suisse Asset Management Income Fund, Inc.
Schedule of Investments (continued)
June 30, 2025 (unaudited)
| Par (000) | Ratings† (S&P/Moody's) | Value | |||
|---|---|---|---|---|---|
| CORPORATE BONDS (continued) | |||||
| Gas Distribution (continued) | |||||
| $ 286 | Genesis Energy LP/Genesis Energy Finance Corp., Global Company Guaranteed Notes (Callable 04/15/26 @ 104.44) | (B, B3) | 04/15/30 | 8.875 | $ 303,962 |
| 400 | Hess Midstream Operations LP, Rule 144A, Company Guaranteed Notes (Callable 03/01/26 @ 102.94) (1) | (BB+, Ba2) | 03/01/28 | 5.875 | 406,225 |
| 400 | Hess Midstream Operations LP, Rule 144A, Company Guaranteed Notes (Callable 10/15/25 @ 102.75) (1) | (BB+, Ba2) | 10/15/30 | 5.500 | 401,941 |
| 692 | Rockies Express Pipeline LLC, Rule 144A, Senior Unsecured Notes (Callable 03/15/28 @ 103.38) (1) | (BB, Ba2) | 03/15/33 | 6.750 | 722,804 |
| 610 | Rockies Express Pipeline LLC, Rule 144A, Senior Unsecured Notes (Callable 02/15/30 @ 100.00) (1) | (BB, Ba2) | 05/15/30 | 4.800 | 591,635 |
| 600 | Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp., Rule 144A, Company Guaranteed Notes (Callable 12/31/25 @ 103.00) (1) | (B+, B1) | 12/31/30 | 6.000 | 589,305 |
| 1,300 | Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp., Rule 144A, Senior Unsecured Notes (Callable 02/15/26 @ 103.69) (1) | (B+, B1) | 02/15/29 | 7.375 | 1,336,941 |
| 4,564,855 | |||||
| Health Facility (0.2%) | |||||
| 364 | Insulet Corp., Rule 144A, Senior Unsecured Notes (Callable 04/01/28 @ 103.25) (1) | (B+, B2) | 04/01/33 | 6.500 | 378,464 |
| Health Services (2.3%) | |||||
| 1,107 | AMN Healthcare, Inc., Rule 144A, Company Guaranteed Notes (Callable 07/10/25 @ 101.00) (1),(2) | (B+, B1) | 04/15/29 | 4.000 | 1,025,952 |
| 1,746 | AthenaHealth Group, Inc., Rule 144A, Senior Unsecured Notes (Callable 07/30/25 @ 103.25) (1) | (CCC, Caa2) | 02/15/30 | 6.500 | 1,719,499 |
| 1,046 | Pediatrix Medical Group, Inc., Rule 144A, Company Guaranteed Notes (Callable 07/30/25 @ 102.69) (1),(2) | (BB-, Ba3) | 02/15/30 | 5.375 | 1,033,443 |
| 3,778,894 | |||||
| Hotels (0.2%) | |||||
| 30 | Hilton Domestic Operating Co., Inc., Rule 144A, Company Guaranteed Notes (Callable 04/01/26 @ 102.94) (1) | (BB+, Ba2) | 04/01/29 | 5.875 | 30,665 |
| 63 | RHP Hotel Properties LP/RHP Finance Corp., Rule 144A, Company Guaranteed Notes (Callable 06/15/28 @ 103.25) (1) | (BB, Ba3) | 06/15/33 | 6.500 | 64,850 |
| 181 | RHP Hotel Properties LP/RHP Finance Corp., Rule 144A, Company Guaranteed Notes (Callable 04/01/27 @ 103.25) (1) | (BB, Ba3) | 04/01/32 | 6.500 | 186,099 |
| 281,614 | |||||
| Insurance Brokerage (7.0%) | |||||
| 1,069 | Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer, Rule 144A, Senior Secured Notes (Callable 07/30/25 @ 103.38) (1) | (B, B2) | 04/15/28 | 6.750 | 1,086,536 |
| 333 | Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer, Rule 144A, Senior Secured Notes (Callable 10/01/27 @ 103.69) (1) | (B, B2) | 10/01/31 | 6.500 | 339,510 |
| 400 | AmWINS Group, Inc., Rule 144A, Senior Secured Notes (Callable 02/15/26 @ 103.19) (1) | (B+, B1) | 02/15/29 | 6.375 | 407,885 |
| 771 | AssuredPartners, Inc., Rule 144A, Senior Unsecured Notes (Callable 07/30/25 @ 101.41) (1) | (CCC+, Caa2) | 01/15/29 | 5.625 | 769,267 |
See Accompanying Notes to Financial Statements.
8
Credit Suisse Asset Management Income Fund, Inc.
Schedule of Investments (continued)
June 30, 2025 (unaudited)
| Par (000) | Ratings† (S&P/Moody's) | Value | |||
|---|---|---|---|---|---|
| CORPORATE BONDS (continued) | |||||
| Insurance Brokerage (continued) | |||||
| $ 770 | AssuredPartners, Inc., Rule 144A, Senior Unsecured Notes (Callable 02/15/27 @ 103.75) (1),(2) | (CCC+, Caa2) | 02/15/32 | 7.500 | $ 828,374 |
| 1,675 | Howden U.K. Refinance PLC/Howden U.K. Refinance 2 PLC/Howden U.S. Refinance LLC, Rule 144A, Senior Secured Notes (Callable 02/15/27 @ 103.63) (1) | (B, B2) | 02/15/31 | 7.250 | 1,735,635 |
| 800 | HUB International Ltd., Rule 144A, Senior Secured Notes (Callable 06/15/26 @ 103.63) (1) | (B+, B1) | 06/15/30 | 7.250 | 836,284 |
| 1,000 | Jones Deslauriers Insurance Management, Inc., Rule 144A, Senior Secured Notes (Callable 03/15/26 @ 104.25) (1) | (B-, B2) | 03/15/30 | 8.500 | 1,060,658 |
| 1,200 | Jones Deslauriers Insurance Management, Inc., Rule 144A, Senior Unsecured Notes (Callable 12/15/25 @ 105.25) (1) | (CCC, Caa2) | 12/15/30 | 10.500 | 1,279,954 |
| 1,000 | Panther Escrow Issuer LLC, Rule 144A, Senior Secured Notes (Callable 06/01/27 @ 103.56) (1) | (B, B2) | 06/01/31 | 7.125 | 1,039,406 |
| 800 | Ryan Specialty LLC, Rule 144A, Senior Secured Notes (Callable 07/30/25 @ 102.19) (1) | (BB-, B1) | 02/01/30 | 4.375 | 774,736 |
| 1,125 | Ryan Specialty LLC, Rule 144A, Senior Secured Notes (Callable 08/01/27 @ 102.94) (1) | (BB-, B1) | 08/01/32 | 5.875 | 1,134,568 |
| 11,292,813 | |||||
| Investments & Misc. Financial Services (8.8%) | |||||
| 2,100 | Armor Holdco, Inc., Rule 144A, Company Guaranteed Notes (Callable 07/30/25 @ 104.25) (1) | (CCC+, Caa1) | 11/15/29 | 8.500 | 2,013,724 |
| 600 | Block, Inc., Senior Unsecured Notes (Callable 05/15/27 @ 103.25) | (BB+, Ba2) | 05/15/32 | 6.500 | 619,476 |
| 2,000 | Boost Newco Borrower LLC, Rule 144A, Senior Secured Notes (Callable 01/15/27 @ 103.75) (1) | (BB, Ba3) | 01/15/31 | 7.500 | 2,124,512 |
| 1,000 | Compass Group Diversified Holdings LLC, Rule 144A, Company Guaranteed Notes (Callable 07/15/25 @ 101.31) (1) | (B-, B3) | 04/15/29 | 5.250 | 898,455 |
| 800 | Compass Group Diversified Holdings LLC, Rule 144A, Senior Unsecured Notes (Callable 01/15/27 @ 102.50) (1) | (B-, B3) | 01/15/32 | 5.000 | 677,402 |
| 1,400 | Focus Financial Partners LLC, Rule 144A, Senior Secured Notes (Callable 09/15/27 @ 103.38) (1) | (B, B2) | 09/15/31 | 6.750 | 1,430,127 |
| 326 | Jane Street Group/JSG Finance, Inc., Rule 144A, Senior Secured Notes (Callable 05/01/28 @ 103.38) (1) | (BB, Ba1) | 05/01/33 | 6.750 | 335,440 |
| 1,800 | Jane Street Group/JSG Finance, Inc., Rule 144A, Senior Secured Notes (Callable 04/30/27 @ 103.56) (1) | (BB, Ba1) | 04/30/31 | 7.125 | 1,895,596 |
| 125 | Jane Street Group/JSG Finance, Inc., Rule 144A, Senior Secured Notes (Callable 11/01/27 @ 103.06) (1) | (BB, Ba1) | 11/01/32 | 6.125 | 126,250 |
| 1,309 | Paysafe Finance PLC/Paysafe Holdings U.S. Corp., Rule 144A, Senior Secured Notes (Callable 07/30/25 @ 101.00) (1) | (B, B2) | 06/15/29 | 4.000 | 1,201,856 |
| 400 | Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc., Rule 144A, Company Guaranteed Notes (Callable 08/15/27 @ 103.38) (1) | (BB-, Ba3) | 08/15/32 | 6.750 | 415,812 |
| 1,680 | VFH Parent LLC/Valor Co-Issuer, Inc., Rule 144A, Senior Secured Notes (Callable 06/15/27 @ 103.75) (1) | (B+, B1) | 06/15/31 | 7.500 | 1,764,034 |
| 704 | Walker & Dunlop, Inc., Rule 144A, Company Guaranteed Notes (Callable 04/01/28 @ 103.31) (1) | (BB, Ba2) | 04/01/33 | 6.625 | 724,224 |
| 14,226,908 |
See Accompanying Notes to Financial Statements.
9
Credit Suisse Asset Management Income Fund, Inc.
Schedule of Investments (continued)
June 30, 2025 (unaudited)
| Par (000) | Ratings† (S&P/Moody's) | Value | |||
|---|---|---|---|---|---|
| CORPORATE BONDS (continued) | |||||
| Machinery (2.8%) | |||||
| $ 815 | Chart Industries, Inc., Rule 144A, Senior Secured Notes (Callable 01/01/26 @ 103.75) (1) | (BB-, Ba2) | 01/01/30 | 7.500 | $ 854,263 |
| 580 | Enpro, Inc., Rule 144A, Company Guaranteed Notes (Callable 06/01/28 @ 103.06) (1) | (BB-, Ba3) | 06/01/33 | 6.125 | 594,397 |
| 1,482 | Enviri Corp., Rule 144A, Company Guaranteed Notes (Callable 07/30/25 @ 100.00) (1) | (B, B3) | 07/31/27 | 5.750 | 1,464,012 |
| 575 | Griffon Corp., Global Company Guaranteed Notes (Callable 07/30/25 @ 100.96) | (B+, B1) | 03/01/28 | 5.750 | 575,306 |
| 800 | Hillenbrand, Inc., Global Company Guaranteed Notes (Callable 02/15/26 @ 103.13) | (BB+, Ba1) | 02/15/29 | 6.250 | 816,103 |
| 151 | Regal Rexnord Corp., Global Company Guaranteed Notes (Callable 01/15/33 @ 100.00) | (BB+, Baa3) | 04/15/33 | 6.400 | 159,521 |
| 4,463,602 | |||||
| Media - Diversified (0.0%) | |||||
| 28 | Tech 7 SAS Super Senior (3),(4),(5),(6),(7) | (NR, NR) | 03/31/26 | 0.000 | 3 |
| 46 | Tech 7 SAS Super Senior (3),(4),(5),(6),(7) | (NR, NR) | 03/31/26 | 0.000 | 5 |
| 14 | Tech 7 SAS Technicolor Creative Studios Super Senior (3),(4),(5),(6),(7) | (NR, NR) | 03/31/26 | 0.000 | 2 |
| 14 | Technicolor Creative Studios SA (3),(4),(5),(6),(7) | (NR, NR) | 04/01/26 | 0.000 | 2 |
| 12 | |||||
| Media Content (0.2%) | |||||
| 400 | Sirius XM Radio LLC, Rule 144A, Company Guaranteed Notes (Callable 09/01/26 @ 101.94) (1),(2) | (BB+, Ba3) | 09/01/31 | 3.875 | 355,716 |
| Metals & Mining - Excluding Steel (4.7%) | |||||
| 689 | Capstone Copper Corp., Rule 144A, Company Guaranteed Notes (Callable 03/31/28 @ 103.38) (1) | (BB-, B1) | 03/31/33 | 6.750 | 705,948 |
| 1,306 | Constellium SE, Rule 144A, Company Guaranteed Notes (Callable 08/15/27 @ 103.19) (1),(2) | (BB-, Ba3) | 08/15/32 | 6.375 | 1,328,249 |
| 1,800 | ERO Copper Corp., Rule 144A, Company Guaranteed Notes (Callable 07/30/25 @ 103.25) (1) | (B+, B1) | 02/15/30 | 6.500 | 1,792,701 |
| 1,600 | First Quantum Minerals Ltd., Rule 144A, Secured Notes (Callable 03/01/26 @ 104.69) (1) | (B, NR) | 03/01/29 | 9.375 | 1,702,405 |
| 800 | Kaiser Aluminum Corp., Rule 144A, Company Guaranteed Notes (Callable 06/01/26 @ 102.25) (1),(2) | (BB-, B2) | 06/01/31 | 4.500 | 748,650 |
| 510 | Novelis Corp., Rule 144A, Company Guaranteed Notes (Callable 07/30/25 @ 102.38) (1) | (BB, B1) | 01/30/30 | 4.750 | 489,042 |
| 740 | Novelis, Corp., Rule 144A, Company Guaranteed Notes (Callable 01/30/27 @ 103.44) (1) | (BB, B1) | 01/30/30 | 6.875 | 766,748 |
| 7,533,743 | |||||
| Oil Refining & Marketing (2.0%) | |||||
| 1,166 | Global Partners LP/GLP Finance Corp., Rule 144A, Company Guaranteed Notes (Callable 01/15/27 @ 104.13) (1) | (B+, B1) | 01/15/32 | 8.250 | 1,226,907 |
| 600 | Sunoco LP, Rule 144A, Company Guaranteed Notes (Callable 05/01/27 @ 103.63) (1) | (BB+, Ba1) | 05/01/32 | 7.250 | 630,495 |
| 750 | Sunoco LP/Sunoco Finance Corp., Rule 144A, Company Guaranteed Notes (Callable 09/15/25 @ 103.50) (1) | (BB+, Ba1) | 09/15/28 | 7.000 | 774,189 |
See Accompanying Notes to Financial Statements.
10
Credit Suisse Asset Management Income Fund, Inc.
Schedule of Investments (continued)
June 30, 2025 (unaudited)
| Par (000) | Ratings† (S&P/Moody's) | Value | |||
|---|---|---|---|---|---|
| CORPORATE BONDS (continued) | |||||
| Oil Refining & Marketing (continued) | |||||
| $ 540 | TransMontaigne Partners LLC, Rule 144A, Company Guaranteed Notes (Callable 03/15/27 @ 104.25) (1) | (CCC+, Caa1) | 06/15/30 | 8.500 | $ 562,202 |
| 3,193,793 | |||||
| Packaging (5.3%) | |||||
| 460 | Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC, Rule 144A, Senior Unsecured Notes (Callable 07/30/25 @ 100.75) (1),(5) | (CCC, Caa2) | 09/01/29 | 3.000 | 485,476 |
| 400 | Ball Corp., Global Company Guaranteed Notes (Callable 07/15/25 @ 103.44) | (BB+, Ba1) | 03/15/28 | 6.875 | 409,575 |
| 524 | Cascades, Inc./Cascades USA, Inc., Rule 144A, Senior Unsecured Notes (Callable 07/15/27 @ 103.38) (1) | (BB-, Ba3) | 07/15/30 | 6.750 | 527,699 |
| 159 | Crown Americas LLC, Rule 144A, Company Guaranteed Notes (Callable 06/01/28 @ 102.94) (1) | (BB+, Ba2) | 06/01/33 | 5.875 | 160,150 |
| 400 | Intelligent Packaging Ltd. Finco, Inc./Intelligent Packaging Ltd. Co-Issuer LLC, Rule 144A, Senior Secured Notes (Callable 07/01/25 @ 100.00) (1) | (B-, B2) | 09/15/28 | 6.000 | 400,000 |
| 1,010 | Mauser Packaging Solutions Holding Co., Rule 144A, Secured Notes (Callable 07/10/25 @ 102.31) (1) | (CCC+, Caa2) | 04/15/27 | 9.250 | 1,003,661 |
| 1,700 | Mauser Packaging Solutions Holding Co., Rule 144A, Senior Secured Notes (Callable 07/30/25 @ 103.94) (1) | (B, B2) | 04/15/27 | 7.875 | 1,730,296 |
| 279 | Owens-Brockway Glass Container, Inc., Rule 144A, Company Guaranteed Notes (Callable 05/15/26 @ 103.63) (1) | (B+, B2) | 05/15/31 | 7.250 | 286,255 |
| 544 | Toucan FinCo Ltd./Toucan FinCo Can, Inc./Toucan FinCo U.S. LLC, Rule 144A, Senior Secured Notes (Callable 05/15/27 @ 104.75) (1) | (B-, B3) | 05/15/30 | 9.500 | 556,920 |
| 1,718 | Trident TPI Holdings, Inc., Rule 144A, Company Guaranteed Notes (Callable 12/31/25 @ 106.38) (1) | (CCC+, Caa3) | 12/31/28 | 12.750 | 1,824,528 |
| 768 | TriMas Corp., Rule 144A, Company Guaranteed Notes (Callable 07/30/25 @ 101.03) (1) | (BB-, Ba3) | 04/15/29 | 4.125 | 729,729 |
| 318 | Veritiv Operating Co., Rule 144A, Senior Secured Notes (Callable 11/30/26 @ 105.25) (1) | (B+, B2) | 11/30/30 | 10.500 | 344,774 |
| 8,459,063 | |||||
| Personal & Household Products (0.7%) | |||||
| 400 | Acushnet Co., Rule 144A, Company Guaranteed Notes (Callable 10/15/25 @ 103.69) (1) | (BB, Ba3) | 10/15/28 | 7.375 | 417,431 |
| 700 | Amer Sports Co., Rule 144A, Senior Secured Notes (Callable 02/16/27 @ 103.38) (1) | (BBB-, Ba3) | 02/16/31 | 6.750 | 729,256 |
| 1,146,687 | |||||
| Pharmaceuticals (0.3%) | |||||
| 400 | IQVIA, Inc., Rule 144A, Company Guaranteed Notes (Callable 06/01/28 @ 103.13) (1) | (BB, Ba2) | 06/01/32 | 6.250 | 411,164 |
| Property & Casualty Insurance (1.2%) | |||||
| 1,850 | Ardonagh Finco Ltd., Rule 144A, Senior Secured Notes (Callable 02/15/27 @ 103.88) (1) | (B-, B3) | 02/15/31 | 7.750 | 1,935,500 |
| Rail (0.6%) | |||||
| 936 | Genesee & Wyoming, Inc., Rule 144A, Senior Secured Notes (Callable 04/15/27 @ 103.13) (1) | (BB, Ba3) | 04/15/32 | 6.250 | 956,217 |
See Accompanying Notes to Financial Statements.
11
Credit Suisse Asset Management Income Fund, Inc.
Schedule of Investments (continued)
June 30, 2025 (unaudited)
| Par (000) | Ratings† (S&P/Moody's) | Value | |||
|---|---|---|---|---|---|
| CORPORATE BONDS (continued) | |||||
| Real Estate Investment Trusts (0.7%) | |||||
| $ 1,093 | Starwood Property Trust, Inc., Rule 144A, Senior Unsecured Notes (Callable 10/15/29 @ 100.00) (1) | (BB-, Ba3) | 04/15/30 | 6.000 | $ 1,105,483 |
| Recreation & Travel (4.3%) | |||||
| 1,200 | Boyne USA, Inc., Rule 144A, Senior Unsecured Notes (Callable 07/30/25 @ 101.19) (1) | (B, B1) | 05/15/29 | 4.750 | 1,165,891 |
| 514 | SeaWorld Parks & Entertainment, Inc., Rule 144A, Company Guaranteed Notes (Callable 07/10/25 @ 102.63) (1),(2) | (B+, B2) | 08/15/29 | 5.250 | 502,619 |
| 2,082 | Six Flags Entertainment Corp., Rule 144A, Company Guaranteed Notes (Callable 05/15/26 @ 103.63) (1),(2) | (BB-, B1) | 05/15/31 | 7.250 | 2,143,051 |
| 1,815 | Speedway Motorsports LLC/Speedway Funding II, Inc., Rule 144A, Senior Unsecured Notes (Callable 07/30/25 @ 100.00) (1) | (BB+, B1) | 11/01/27 | 4.875 | 1,802,523 |
| 1,318 | Vail Resorts, Inc., Rule 144A, Company Guaranteed Notes (Callable 05/15/27 @ 103.25) (1),(2) | (BB-, Ba3) | 05/15/32 | 6.500 | 1,362,442 |
| 6,976,526 | |||||
| Restaurants (1.4%) | |||||
| 400 | 1011778 BC ULC/New Red Finance, Inc., Rule 144A, Senior Secured Notes (Callable 06/15/26 @ 103.06) (1) | (BB+, Ba2) | 06/15/29 | 6.125 | 410,603 |
| 1,673 | Raising Cane's Restaurants LLC, Rule 144A, Senior Unsecured Notes (Callable 11/01/25 @ 104.69) (1) | (B, B3) | 05/01/29 | 9.375 | 1,767,580 |
| 2,178,183 | |||||
| Software - Services (7.7%) | |||||
| 1,400 | CA Magnum Holdings, Rule 144A, Senior Secured Notes (Callable 07/30/25 @ 101.34) (1) | (NR, B1) | 10/31/26 | 5.375 | 1,393,225 |
| 1,296 | Cloud Software Group, Inc., Rule 144A, Secured Notes (Callable 09/30/25 @ 104.50) (1) | (B-, Caa2) | 09/30/29 | 9.000 | 1,343,083 |
| 362 | CommScope LLC, Rule 144A, Senior Secured Notes (Callable 06/15/26 @ 103.00) (1) | (B-, B3) | 12/15/31 | 9.500 | 379,395 |
| 2,150 | Insight Enterprises, Inc., Rule 144A, Company Guaranteed Notes (Callable 05/15/27 @ 103.31) (1) | (BB+, Ba3) | 05/15/32 | 6.625 | 2,216,760 |
| 135 | Open Text Corp., Rule 144A, Company Guaranteed Notes (Callable 07/30/25 @ 101.94) (1) | (BB, Ba3) | 12/01/29 | 3.875 | 127,298 |
| 800 | Open Text Corp., Rule 144A, Senior Secured Notes (Callable 11/01/27 @ 100.00) (1) | (BBB-, Ba1) | 12/01/27 | 6.900 | 828,836 |
| 825 | Open Text Holdings, Inc., Rule 144A, Company Guaranteed Notes (Callable 12/01/26 @ 102.06) (1) | (BB, Ba3) | 12/01/31 | 4.125 | 760,372 |
| 800 | UKG, Inc., Rule 144A, Senior Secured Notes (Callable 02/01/27 @ 103.44) (1) | (B-, B2) | 02/01/31 | 6.875 | 830,558 |
| 2,070 | Virtusa Corp., Rule 144A, Senior Unsecured Notes (Callable 07/30/25 @ 101.78) (1) | (B-, Caa1) | 12/15/28 | 7.125 | 1,990,466 |
| 546 | VT Topco, Inc., Rule 144A, Senior Secured Notes (Callable 08/15/26 @ 104.25) (1) | (B, B2) | 08/15/30 | 8.500 | 576,088 |
| 1,516 | WEX, Inc., Rule 144A, Company Guaranteed Notes (Callable 03/15/28 @ 103.25) (1) | (B, B1) | 03/15/33 | 6.500 | 1,530,023 |
| 400 | ZoomInfo Technologies LLC/ZoomInfo Finance Corp., Rule 144A, Company Guaranteed Notes (Callable 07/10/25 @ 100.97) (1) | (B+, B1) | 02/01/29 | 3.875 | 376,330 |
| 12,352,434 |
See Accompanying Notes to Financial Statements.
12
Credit Suisse Asset Management Income Fund, Inc.
Schedule of Investments (continued)
June 30, 2025 (unaudited)
| Par (000) | Ratings† (S&P/Moody's) | Value | |||
|---|---|---|---|---|---|
| CORPORATE BONDS (continued) | |||||
| Specialty Retail (3.0%) | |||||
| $ 331 | Beach Acquisition Bidco LLC, Rule 144A, Senior Unsecured Notes, 10.000% Cash, 10.750% PIK (Callable 07/15/28 @ 103.00) (1),(8) | (B+, Caa1) | 07/15/33 | 10.000 | $ 343,813 |
| 1,919 | Eagle Intermediate Global Holding BV/Eagle U.S. Finance LLC, Rule 144A, Senior Secured Notes, 7.500% Cash, 7.500% PIK (1),(8),(9) | (NR, WR) | 07/18/25 | 7.500 | 1,458,725 |
| 53 | Eagle Intermediate Global Holding BV/Eagle U.S. Finance LLC, Rule 144A, Senior Secured Notes, 7.500% Cash, 7.500% PIK (1),(6),(7),(8) | (NR, WR) | 07/18/25 | 7.500 | 39,983 |
| 68 | Eagle Intermediate Global Holding BV/Ruyi U.S. Finance LLC (4),(6),(7) | (NR, NR) | 06/30/25 | 0.000 | 52,250 |
| 600 | Group 1 Automotive, Inc., Rule 144A, Company Guaranteed Notes (Callable 07/30/25 @ 101.33) (1) | (BB+, Ba2) | 08/15/28 | 4.000 | 579,538 |
| 1,550 | LCM Investments Holdings II LLC, Rule 144A, Senior Unsecured Notes (Callable 08/01/26 @ 104.13) (1) | (BB-, B2) | 08/01/31 | 8.250 | 1,649,311 |
| 763 | Sonic Automotive, Inc., Rule 144A, Company Guaranteed Notes (Callable 11/15/26 @ 102.44) (1) | (BB-, B1) | 11/15/31 | 4.875 | 725,597 |
| 4,849,217 | |||||
| Steel Producers/Products (0.5%) | |||||
| 794 | TMS International Corp., Rule 144A, Senior Unsecured Notes (Callable 07/10/25 @ 101.56) (1) | (B, Caa1) | 04/15/29 | 6.250 | 754,599 |
| Support - Services (5.9%) | |||||
| 715 | American Builders & Contractors Supply Co., Inc., Rule 144A, Senior Secured Notes (Callable 07/30/25 @ 100.00) (1) | (BBB-, Ba2) | 01/15/28 | 4.000 | 700,057 |
| 1,000 | Belron U.K. Finance PLC, Rule 144A, Senior Secured Notes (Callable 10/15/26 @ 102.88) (1) | (BB-, Ba3) | 10/15/29 | 5.750 | 1,008,537 |
| 1,000 | CoreLogic, Inc., Rule 144A, Senior Secured Notes (Callable 07/30/25 @ 101.13) (1) | (B-, B2) | 05/01/28 | 4.500 | 956,016 |
| 1,674 | GYP Holdings III Corp., Rule 144A, Company Guaranteed Notes (Callable 07/30/25 @ 101.16) (1) | (B, Ba2) | 05/01/29 | 4.625 | 1,680,028 |
| 210 | Herc Holdings, Inc., Rule 144A, Company Guaranteed Notes (Callable 06/15/28 @ 103.63) (1) | (BB-, Ba3) | 06/15/33 | 7.250 | 220,159 |
| 345 | Herc Holdings, Inc., Rule 144A, Senior Unsecured Notes (Callable 06/15/27 @ 103.50) (1) | (BB-, Ba3) | 06/15/30 | 7.000 | 360,377 |
| 712 | Voyager Parent LLC, Rule 144A, Senior Secured Notes (Callable 07/01/28 @ 104.63) (1) | (B, B1) | 07/01/32 | 9.250 | 740,802 |
| 500 | WESCO Distribution, Inc., Rule 144A, Company Guaranteed Notes (Callable 07/30/25 @ 101.21) (1) | (BB, Ba3) | 06/15/28 | 7.250 | 506,644 |
| 400 | WESCO Distribution, Inc., Rule 144A, Company Guaranteed Notes (Callable 03/15/26 @ 103.19) (1) | (BB, Ba3) | 03/15/29 | 6.375 | 412,068 |
| 330 | WESCO Distribution, Inc., Rule 144A, Company Guaranteed Notes (Callable 03/15/28 @ 103.19) (1) | (BB, Ba3) | 03/15/33 | 6.375 | 341,432 |
| 406 | Williams Scotsman, Inc., Rule 144A, Senior Secured Notes (Callable 04/15/27 @ 103.31) (1) | (BB-, B2) | 04/15/30 | 6.625 | 422,058 |
| 1,372 | Williams Scotsman, Inc., Rule 144A, Senior Secured Notes (Callable 06/15/26 @ 103.31) (1) | (BB-, B2) | 06/15/29 | 6.625 | 1,409,281 |
| 900 | ZipRecruiter, Inc., Rule 144A, Senior Unsecured Notes (Callable 07/10/25 @ 102.50) (1) | (B, B2) | 01/15/30 | 5.000 | 765,368 |
| 9,522,827 |
See Accompanying Notes to Financial Statements.
13
Credit Suisse Asset Management Income Fund, Inc.
Schedule of Investments (continued)
June 30, 2025 (unaudited)
| Par (000) | Ratings† (S&P/Moody's) | Value | |||
|---|---|---|---|---|---|
| CORPORATE BONDS (continued) | |||||
| Tech Hardware & Equipment (0.7%) | |||||
| $ 1,150 | Zebra Technologies Corp., Rule 144A, Company Guaranteed Notes (Callable 06/01/27 @ 103.25) (1) | (BB, Ba2) | 06/01/32 | 6.500 | $ 1,183,303 |
| Telecom - Wireline Integrated & Services (2.6%) | |||||
| 1,000 | Altice Financing SA, Rule 144A, Senior Secured Notes (Callable 07/30/25 @ 100.00) (1) | (CCC+, Caa2) | 01/15/28 | 5.000 | 753,977 |
| 1,000 | Level 3 Financing, Inc., Rule 144A, Secured Notes (Callable 03/22/26 @ 102.13) (1) | (B-, B3) | 04/01/30 | 4.500 | 910,000 |
| 1,105 | Level 3 Financing, Inc., Rule 144A, Secured Notes (Callable 07/10/25 @ 101.81) (1) | (B-, B3) | 10/15/30 | 3.875 | 964,113 |
| 105 | Level 3 Financing, Inc., Rule 144A, Secured Notes (Callable 07/10/25 @ 101.88) (1) | (B-, B3) | 04/15/31 | 4.000 | 90,300 |
| 200 | Virgin Media Secured Finance PLC, Rule 144A, Senior Secured Notes (Callable 08/15/25 @ 102.25) (1) | (B+, Ba3) | 08/15/30 | 4.500 | 186,542 |
| 826 | Vmed O2 U.K. Financing I PLC, Rule 144A, Senior Secured Notes (Callable 01/31/26 @ 102.13) (1) | (B+, Ba3) | 01/31/31 | 4.250 | 757,264 |
| 550 | Vmed O2 U.K. Financing I PLC, Rule 144A, Senior Secured Notes (Callable 07/15/26 @ 102.38) (1) | (B+, Ba3) | 07/15/31 | 4.750 | 509,166 |
| 4,171,362 | |||||
| Theaters & Entertainment (0.4%) | |||||
| 600 | Live Nation Entertainment, Inc., Rule 144A, Senior Secured Notes (Callable 07/30/25 @ 101.63) (1) | (BB, Ba1) | 05/15/27 | 6.500 | 609,223 |
| Transport Infrastructure/Services (0.8%) | |||||
| 200 | XPO, Inc., Rule 144A, Company Guaranteed Notes (Callable 06/01/26 @ 103.56) (1) | (BB-, Ba3) | 06/01/31 | 7.125 | 209,818 |
| 400 | XPO, Inc., Rule 144A, Company Guaranteed Notes (Callable 02/01/27 @ 103.56) (1) | (BB-, Ba3) | 02/01/32 | 7.125 | 419,200 |
| 694 | XPO, Inc., Rule 144A, Senior Secured Notes (Callable 07/10/25 @ 103.13) (1) | (BBB-, Ba1) | 06/01/28 | 6.250 | 705,525 |
| 1,334,543 | |||||
| TOTAL CORPORATE BONDS (Cost $170,842,648) | 173,018,975 | ||||
| BANK LOANS (21.6%) | |||||
| Advertising (1.1%) | |||||
| 1,987 | MH Sub I LLC, 1 mo. USD Term SOFR + 4.250% (10) | (B, B1) | 12/31/31 | 8.577 | 1,732,101 |
| Aerospace & Defense (0.2%) | |||||
| 581 | Peraton Corp., 3 mo. USD Term SOFR + 7.750% (10) | (NR, NR) | 02/01/29 | 12.180 | 414,006 |
| Auto Parts & Equipment (0.9%) | |||||
| 166 | First Brands Group LLC, 3 mo. USD Term SOFR + 5.262% (7),(10) | (NR, NR) | 03/30/27 | 9.580 | 156,235 |
| 186 | First Brands Group LLC (2021 Term Loan), 3 mo. USD Term SOFR + 5.000% (10) | (B+, B1) | 03/30/27 | 9.541 | 176,346 |
| 862 | First Brands Group LLC (2022 Incremental Term Loan), 3 mo. USD Term SOFR + 5.000% (10) | (B+, B1) | 03/30/27 | 9.541 | 815,835 |
| 327 | Jason Group, Inc., 1 mo. USD Term SOFR + 6.000% (7),(9),(10) | (NR, NR) | 11/28/26 | 10.441 | 290,603 |
| 1,439,019 |
See Accompanying Notes to Financial Statements.
14
Credit Suisse Asset Management Income Fund, Inc.
Schedule of Investments (continued)
June 30, 2025 (unaudited)
| Par (000) | Ratings† (S&P/Moody's) | Value | |||
|---|---|---|---|---|---|
| BANK LOANS (continued) | |||||
| Automakers (0.1%) | |||||
| $ 231 | Fastlane Parent Co., Inc. (10),(11) | (CCC, WR) | 02/04/27 | 0.000 | $ 207,285 |
| Building Materials (0.6%) | |||||
| 416 | ARAMSCO, Inc., 3 mo. USD Term SOFR + 4.750% (7),(10) | (B-, Caa1) | 10/10/30 | 9.046 | 337,103 |
| 521 | Cornerstone Building Brands, Inc., 1 mo. USD Term SOFR + 5.625% (10) | (B-, B3) | 08/01/28 | 9.937 | 470,744 |
| 177 | Foundation Building Materials Holding Co. LLC, 3 mo. USD Term SOFR + 3.250% (10) | (B, B3) | 01/31/28 | 7.791 | 175,764 |
| 983,611 | |||||
| Chemicals (1.2%) | |||||
| 331 | Ascend Performance Materials Operations LLC, 1 mo. USD Term SOFR + 1.614%, 1 mo. USD Term SOFR + 10.000% (9),(10) | (NR, NR) | 10/23/25 | 5.910 - 14.441 | 308,272 |
| 697 | Ascend Performance Materials Operations LLC (3),(4) | (NR, WR) | 08/27/26 | 0.000 | 40,595 |
| 703 | CPC Acquisition Corp., 3 mo. USD Term SOFR + 3.750% (10) | (CCC, Caa2) | 12/29/27 | 8.307 | 616,832 |
| 301 | PMHC II, Inc., 1 mo. USD Term SOFR + 5.500% (7),(10) | (B-, B3) | 04/21/29 | 9.812 | 278,335 |
| 714 | Polar U.S. Borrower LLC, 3 mo. USD Term SOFR + 5.500% (10) | (CCC+, Caa1) | 10/16/28 | 9.883 | 277,103 |
| 1,175 | Polar U.S. Borrower LLC, 3 mo. USD Term SOFR + 4.750%, 0.075% PIK (8),(9),(10) | (CCC+, Caa1) | 10/16/28 | 9.883 | 456,229 |
| 72 | SK Neptune Husky Finance SARL (3),(4),(9) | (NR, WR) | 04/30/26 | 0.000 | 16,649 |
| 745 | SK Neptune Husky Group SARL (3),(4),(9) | (NR, WR) | 01/03/29 | 0.000 | 27,473 |
| 2,021,488 | |||||
| Electronics (1.3%) | |||||
| 872 | Escape Velocity Holdings, Inc., 3 mo. USD Term SOFR + 4.250% (10) | (B, B3) | 10/08/28 | 8.807 | 872,002 |
| 1,194 | Idemia Group, 3 mo. USD Term SOFR + 4.250% (7),(10) | (B, B2) | 09/30/28 | 8.546 | 1,198,689 |
| 2,070,691 | |||||
| Food - Wholesale (0.1%) | |||||
| 300 | WOOF Holdings, Inc., 3 mo. USD Term SOFR + 3.750% (10) | (NR, NR) | 12/31/29 | 8.083 | 168,750 |
| Gas Distribution (0.6%) | |||||
| 946 | Traverse Midstream Partners LLC, 3 mo. USD Term SOFR + 3.000% (10) | (B+, B2) | 02/16/28 | 7.280 | 950,407 |
| Health Facilities (0.4%) | |||||
| 290 | Carestream Health, Inc., 3 mo. USD Term SOFR + 7.500% (9),(10) | (CCC+, Caa1) | 09/30/27 | 11.896 | 130,102 |
| 210 | Sonrava Health Holdings LLC, 3 mo. USD Term SOFR + 6.500% (9),(10) | (B-, B3) | 05/18/28 | 11.061 | 206,562 |
| 854 | Sonrava Health Holdings LLC, 3 mo. USD Term SOFR + 1.000%, 5.500% PIK (8),(9),(10) | (NR, Caa3) | 08/18/28 | 11.080 | 317,474 |
| 654,138 | |||||
| Health Services (0.8%) | |||||
| 57 | MedAssets Software Intermediate Holdings, Inc., 1 mo. USD Term SOFR + 4.000% (10) | (B, Caa1) | 12/15/28 | 8.321 | 55,607 |
| 397 | MedAssets Software Intermediate Holdings, Inc., 1 mo. USD Term SOFR + 4.000% (10) | (CCC, Ca) | 12/15/28 | 8.436 | 359,340 |
See Accompanying Notes to Financial Statements.
15
Credit Suisse Asset Management Income Fund, Inc.
Schedule of Investments (continued)
June 30, 2025 (unaudited)
| Par (000) | Ratings† (S&P/Moody's) | Value | |||
|---|---|---|---|---|---|
| BANK LOANS (continued) | |||||
| Health Services (continued) | |||||
| $ 25 | MedAssets Software Intermediate Holdings, Inc., 1 mo. USD Term SOFR + 5.250% (7),(10) | (B, Caa1) | 12/15/28 | 9.571 | $ 24,990 |
| 788 | U.S. Radiology Specialists, Inc., 3 mo. USD Term SOFR + 4.750% (10) | (B-, B3) | 12/15/27 | 9.046 | 790,563 |
| 1,230,500 | |||||
| Hotels (0.2%) | |||||
| 127 | Aimbridge Acquisition Co., Inc., 1 mo. USD Term SOFR + 7.500% (10) | (B-, Caa1) | 03/11/30 | 11.929 | 125,656 |
| 144 | Aimbridge Acquisition Co., Inc., 1 mo. USD Term SOFR + 5.500% (10) | (B+, B2) | 03/11/30 | 9.929 | 143,865 |
| 269,521 | |||||
| Insurance Brokerage (0.7%) | |||||
| 1,075 | Alera Group, Inc., 1 mo. USD Term SOFR + 5.500% (10) | (CCC+, Caa2) | 05/30/33 | 9.827 | 1,097,677 |
| Machinery (0.2%) | |||||
| 412 | Madison IAQ LLC, 3 mo. USD Term SOFR + 3.250% (10) | (B, B1) | 05/06/32 | 7.557 | 413,350 |
| Media - Diversified (0.9%) | |||||
| 794 | Cast & Crew Payroll LLC, 1 mo. USD Term SOFR + 3.750% (10) | (B-, B3) | 12/29/28 | 8.077 | 752,367 |
| 216 | Technicolor Creative Studios, 0.500% PIK (3),(5),(6),(7),(8) | (NR, NR) | 08/06/33 | 0.500 | 0 |
| 669 | Twitter, Inc. | (NR, NR) | 10/26/29 | 9.500 | 651,875 |
| 1,404,242 | |||||
| Packaging (1.0%) | |||||
| 1,539 | Proampac PG Borrower LLC, 3 mo. USD Term SOFR + 4.000% (10) | (B-, B3) | 09/15/28 | 8.256 - 8.324 | 1,546,399 |
| Personal & Household Products (0.8%) | |||||
| 1,271 | Serta Simmons Bedding LLC, 3 mo. USD Term SOFR + 7.500% (10) | (NR, NR) | 06/29/28 | 11.910 | 1,166,353 |
| 139 | Serta Simmons Bedding LLC, 3 mo. USD Term SOFR + 7.500% (7),(10) | (NR, NR) | 06/29/28 | 11.884 | 138,315 |
| 1,304,668 | |||||
| Software - Services (6.9%) | |||||
| 553 | AQ Carver Buyer, Inc., 6 mo. USD Term SOFR + 5.500% (10) | (B, B3) | 08/02/29 | 9.817 | 548,245 |
| 1,960 | Aston FinCo SARL, 1 mo. USD Term SOFR + 4.250% (10) | (CCC+, B3) | 10/09/26 | 8.691 | 1,891,010 |
| 282 | Astra Acquisition Corp. (3),(4),(9) | (CCC+, Caa2) | 02/25/28 | 0.000 | 80,155 |
| 834 | Astra Acquisition Corp. (3),(4),(9) | (CC, C) | 10/25/28 | 0.000 | 18,768 |
| 569 | Cloud Software Group, Inc., 3 mo. USD Term SOFR + 3.500% (10) | (B, B2) | 03/29/29 | 7.796 | 570,162 |
| 600 | CommerceHub, Inc., 3 mo. USD Term SOFR + 7.000% (9),(10) | (CCC, Caa3) | 12/29/28 | 11.411 | 583,500 |
| 127 | CommScope, Inc. (10),(11) | (B-, B3) | 12/17/29 | 0.000 | 128,262 |
| 199 | DCert Buyer, Inc., 1 mo. USD Term SOFR + 4.000% (10) | (B-, B2) | 10/16/26 | 8.327 | 197,280 |
| 1,188 | EagleView Technology Corp., 3 mo. USD Term SOFR + 5.500% (10) | (B-, B3) | 08/14/28 | 8.802 | 1,159,063 |
| 908 | IQN Holding Corp., 3 mo. USD Term SOFR + 3.000% (10) | (B-, B2) | 07/16/31 | 7.296 | 910,959 |
| 332 | Javelin Buyer, Inc., 3 mo. USD Term SOFR + 5.250% (7),(9),(10) | (CCC+, Caa2) | 12/06/32 | 9.583 | 328,010 |
| 1,858 | OID-OL Intermediate I LLC, 3 mo. USD Term SOFR + 4.250% (10) | (NR, Caa1) | 02/01/29 | 8.733 | 1,559,148 |
| 471 | OID-OL Intermediate I LLC, 3 mo. USD Term SOFR + 6.000% (10) | (NR, B1) | 02/01/29 | 10.318 | 486,126 |
| 374 | Polaris Newco LLC, 1 mo. GBP SONIA + 5.000% (10),(12) | (CCC+, B3) | 06/02/28 | 9.217 | 483,530 |
| 1,582 | RealPage, Inc., 3 mo. USD Term SOFR + 3.000% (10) | (B-, B3) | 04/24/28 | 7.557 | 1,572,512 |
See Accompanying Notes to Financial Statements.
16
Credit Suisse Asset Management Income Fund, Inc.
Schedule of Investments (continued)
June 30, 2025 (unaudited)
| Par (000) | Ratings† (S&P/Moody's) | Value | |||
|---|---|---|---|---|---|
| BANK LOANS (continued) | |||||
| Software - Services (continued) | |||||
| $ 514 | Redstone Holdco 2 LP, 3 mo. USD Term SOFR + 4.750% (10) | (CCC+, B3) | 04/27/28 | 9.291 | $ 280,988 |
| 396 | UKG, Inc., 1 mo. USD Term SOFR + 3.000% (10) | (B-, B2) | 02/10/31 | 7.311 | 397,942 |
| 11,195,660 | |||||
| Steel Producers/Products (0.6%) | |||||
| 1,006 | OPTA, Inc., 3 mo. USD Term SOFR + 6.750% (7),(9),(10) | (NR, NR) | 11/09/28 | 11.291 | 990,956 |
| Support - Services (2.1%) | |||||
| 219 | CoreLogic, Inc. (10),(11) | (CCC, Caa2) | 06/04/29 | 0.000 | 213,904 |
| 1,291 | CoreLogic, Inc., 1 mo. USD Term SOFR + 3.500% (10) | (B-, B2) | 06/02/28 | 7.941 | 1,279,230 |
| 346 | LaserShip, Inc., 3 mo. USD Term SOFR + 4.000% (10) | (CCC-, Caa2) | 01/02/29 | 8.296 | 208,967 |
| 313 | LaserShip, Inc., 3 mo. USD Term SOFR + 6.250% (10) | (B, B2) | 01/02/29 | 10.546 | 310,711 |
| 785 | LaserShip, Inc., 3 mo. USD Term SOFR + 1.500% (10) | (CCC, Caa2) | 08/10/29 | 5.796 | 460,748 |
| 261 | LaserShip, Inc., 3 mo. USD Term SOFR + 1.500% (10) | (CCC-, Caa3) | 08/10/29 | 6.057 | 80,420 |
| 539 | PODS LLC, 3 mo. USD Term SOFR + 3.000% (10) | (B-, B3) | 03/31/28 | 7.541 | 519,059 |
| 400 | TruGreen LP, 3 mo. USD Term SOFR + 8.500% (9),(10) | (CCC, Caa3) | 11/02/28 | 13.041 | 320,626 |
| 3,393,665 | |||||
| Tech Hardware & Equipment (0.4%) | |||||
| 893 | Atlas CC Acquisition Corp., 3 mo. USD Term SOFR + 4.250% (10) | (B-, Caa2) | 05/25/28 | 8.844 | 478,490 |
| 182 | Atlas CC Acquisition Corp., 3 mo. USD Term SOFR + 4.250% (10) | (B-, B1) | 05/25/28 | 8.844 | 97,241 |
| 575,731 | |||||
| Telecom - Wireline Integrated & Services (0.5%) | |||||
| 973 | Patagonia Holdco LLC, 3 mo. USD Term SOFR + 5.750% (10) | (NR, B1) | 08/01/29 | 10.048 | 796,243 |
| TOTAL BANK LOANS (Cost $39,043,213) | 34,860,108 | ||||
| ASSET BACKED SECURITIES (6.3%) | |||||
| Collateralized Debt Obligations (6.3%) | |||||
| 1,000 | Anchorage Capital CLO 25 Ltd., 2022-25A, Rule 144A, 3 mo. USD Term SOFR + 7.170% (1),(10) | (NR, Ba3) | 04/20/35 | 11.439 | 1,004,598 |
| 780 | Anchorage Capital Europe CLO 6 DAC, Rule 144A, 3 mo. EURIBOR + 5.000% (1),(5),(10) | (BBB-, NR) | 01/22/38 | 7.236 | 922,873 |
| 500 | Anchorage Credit Funding 4 Ltd., 2016-4A, Rule 144A (1) | (NR, Ba1) | 04/27/39 | 6.659 | 461,068 |
| 750 | Battalion CLO 18 Ltd., 2020-18A, Rule 144A, 3 mo. USD Term SOFR + 6.972% (1),(10) | (B, NR) | 10/15/36 | 11.228 | 670,287 |
| 1,000 | Battalion CLO XV Ltd., 2020-15A, Rule 144A, 3 mo. USD Term SOFR + 6.612% (1),(10) | (BB-, NR) | 01/17/33 | 10.891 | 948,265 |
| 1,000 | Cedar Funding VI CLO Ltd., 2016-6A, Rule 144A, 3 mo. USD Term SOFR + 6.982% (1),(10) | (BB-, NR) | 04/20/34 | 11.251 | 993,671 |
| 1,000 | KKR CLO 14 Ltd., Rule 144A, 3 mo. USD Term SOFR + 6.412% (1),(10) | (NR, B1) | 07/15/31 | 10.668 | 978,647 |
| 1,000 | KKR CLO 16 Ltd., Rule 144A, 3 mo. USD Term SOFR + 7.372% (1),(10) | (B, NR) | 10/20/34 | 11.641 | 956,013 |
| 800 | KKR CLO 45a Ltd., 2024-45A, Rule 144A, 3 mo. USD Term SOFR + 7.300% (1),(10) | (NR, NR) | 04/15/35 | 11.556 | 803,439 |
| 1,000 | Marble Point CLO XXIII Ltd., 2021-4A, Rule 144A, 3 mo. USD Term SOFR + 6.012% (1),(10) | (NR, Ba1) | 01/22/35 | 10.284 | 1,001,655 |
See Accompanying Notes to Financial Statements.
17
Credit Suisse Asset Management Income Fund, Inc.
Schedule of Investments (continued)
June 30, 2025 (unaudited)
| Par (000) | Ratings† (S&P/Moody's) | Value | |||
|---|---|---|---|---|---|
| ASSET BACKED SECURITIES (continued) | |||||
| Collateralized Debt Obligations (continued) | |||||
| $ 400 | MP CLO III Ltd., 2013-1A, Rule 144A, 3 mo. USD Term SOFR + 3.312% (1),(10) | (NR, A2) | 10/20/30 | 7.581 | $ 401,598 |
| 1,000 | Palmer Square Credit Funding Ltd., 2019-1A, Rule 144A (1) | (NR, Aaa) | 04/20/37 | 5.459 | 1,003,893 |
| TOTAL ASSET BACKED SECURITIES (Cost $10,165,386) | 10,146,007 | ||||
| Shares | |||||
| COMMON STOCKS (0.7%) | |||||
| Auto Parts & Equipment (0.1%) | |||||
| 38 | Jason, Inc. (4) | 206,690 | |||
| Chemicals (0.2%) | |||||
| 46,574 | Proppants Holdings LLC (4),(6),(7),(9) | 932 | |||
| 10,028 | Utex Industries | 289,137 | |||
| 290,069 | |||||
| Hotels (0.3%) | |||||
| 7,297 | Aimbridge Acquisition Co., Inc. (4) | 467,008 | |||
| Personal & Household Products (0.1%) | |||||
| 22,719 | Dream Well, Inc. (4) | 184,024 | |||
| 22,719 | Serta Simmons Bedding Equipment Co. (4),(6),(7) | 0 | |||
| 184,024 | |||||
| Pharmaceuticals (0.0%) | |||||
| 45,583 | Akorn, Inc. (4) | 1,367 | |||
| Private Placement (0.0%) | |||||
| 69,511,940 | Technicolor Creative Studios SA (4),(6),(7),(13) | 0 | |||
| Specialty Retail (0.0%) | |||||
| 69 | Eagle Investments Holding Co. LLC, Class B (4),(6),(7) | 1 | |||
| Support - Services (0.0%) | |||||
| 800 | LTR Holdings, Inc. (4),(6),(7),(9) | 1,185 | |||
| TOTAL COMMON STOCKS (Cost $3,465,241) | 1,150,344 | ||||
| WARRANT (0.0%) | |||||
| Chemicals (0.0%) | |||||
| 11,643 | Project Investor Holdings LLC, expires 02/08/2026 (4),(6),(7),(9) (Cost $6,054) | 0 |
See Accompanying Notes to Financial Statements.
18
Credit Suisse Asset Management Income Fund, Inc.
Schedule of Investments (continued)
June 30, 2025 (unaudited)
| Shares | Value | ||
|---|---|---|---|
| SHORT-TERM INVESTMENTS (12.7%) | |||
| 4,884,915 | State Street Institutional U.S. Government Money Market Fund - Premier Class, 4.27% | $ 4,884,915 | |
| 15,594,035 | State Street Navigator Securities Lending Government Money Market Portfolio, 4.35% (14) | 15,594,035 | |
| TOTAL SHORT-TERM INVESTMENTS (Cost $20,478,950) | 20,478,950 | ||
| TOTAL INVESTMENTS AT VALUE (148.8%) (Cost $244,001,492) | 239,654,384 | ||
| LIABILITIES IN EXCESS OF OTHER ASSETS (-48.8%) | (78,632,855 | ) | |
| NET ASSETS (100.0%) | $ 161,021,529 |
INVESTMENT ABBREVIATIONS
1 mo. = 1 month
3 mo. = 3 month
6 mo. = 6 month
EURIBOR = Euro Interbank Offered Rate
NR = Not Rated
WR = Withdrawn Rating
SARL = société à responsabilité limitée
SOFR = Secured Overnight Financing Rate
SONIA = Sterling Overnight Interbank Average Rate
† Credit ratings given by the S&P Global Ratings Division of S&P Global Inc. (“S&P”) and Moody's Investors Service, Inc. (“Moody's”) are unaudited.
(1) Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At June 30, 2025, these securities amounted to a value of $180,228,777 or 111.9% of net assets.
(2) Security or portion thereof is out on loan (See Note 2-K).
(3) Bond is currently in default.
(4) Non-income producing security.
(5) This security is denominated in Euro.
(6) Not readily marketable security; security is valued at fair value as determined in good faith by UBS Asset Management (Americas) LLC as the Fund's valuation designee under the oversight of the Board of Directors (See Note 2-A).
(7) Security is valued using significant unobservable inputs.
(8) PIK: Payment-in-kind security for which part of the income earned may be paid as additional principal.
(9) Illiquid security.
(10) Variable rate obligation - The interest rate shown is the rate in effect as of June 30, 2025. The rate may be subject to a cap and floor.
(11) Position is unsettled. Contract rate was not determined at June 30, 2025 and does not take effect until settlement.
(12) This security is denominated in British Pound.
(13) Security is held through holdings of 100 shares of the CIG Special Purpose SPC - Credit Suisse Asset Management Income Fund Segregated Portfolio, an affiliated entity.
(14) Represents security purchased with cash collateral received for securities on loan.
See Accompanying Notes to Financial Statements.
19
Credit Suisse Asset Management Income Fund, Inc.
Schedule of Investments (continued)
June 30, 2025 (unaudited)
Forward Foreign Currency Contracts
| Forward Currency to be Purchased | Forward Currency to be Sold | Counterparty | Value on Settlement Date | Current Value/Notional | Unrealized Appreciation | |||
|---|---|---|---|---|---|---|---|---|
| EUR | 39,093 | USD | 44,794 | 10/07/25 | Barclays Bank PLC | $ 44,794 | $ 46,182 | $ 1,388 |
| EUR | 201,701 | USD | 218,894 | 10/07/25 | Deutsche Bank AG | 218,894 | 238,277 | 19,383 |
| EUR | 43,210 | USD | 47,726 | 10/07/25 | JPMorgan Chase | 47,726 | 51,046 | 3,320 |
| GBP | 42,713 | USD | 55,873 | 10/07/25 | Barclays Bank PLC | 55,873 | 58,567 | 2,694 |
| GBP | 500,000 | USD | 664,030 | 10/07/25 | JPMorgan Chase | 664,030 | 685,593 | 21,563 |
| Total Unrealized Appreciation | $ 48,348 |
Forward Foreign Currency Contracts
| Forward Currency to be Purchased — USD | 43,511 | Forward Currency to be Sold — EUR | 41,017 | 10/07/25 | Counterparty — Barclays Bank PLC | Value on Settlement Date — $ (43,511 | ) | Current Value/Notional — $ (48,456 | ) | Unrealized Depreciation — $ (4,945 | ) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| USD | 140,792 | EUR | 128,645 | 10/07/25 | Deutsche Bank AG | (140,792 | ) | (151,974 | ) | (11,182 | ) |
| USD | 49,169 | EUR | 42,780 | 10/07/25 | JPMorgan Chase | (49,169 | ) | (50,538 | ) | (1,369 | ) |
| USD | 2,126,686 | EUR | 1,900,141 | 10/07/25 | Morgan Stanley | (2,126,686 | ) | (2,244,713 | ) | (118,027 | ) |
| USD | 23,314 | GBP | 18,677 | 10/07/25 | Deutsche Bank AG | (23,314 | ) | (25,610 | ) | (2,296 | ) |
| USD | 10,766 | GBP | 8,039 | 10/07/25 | JPMorgan Chase | (10,766 | ) | (11,024 | ) | (258 | ) |
| USD | 1,165,011 | GBP | 891,397 | 10/07/25 | Morgan Stanley | (1,165,011 | ) | (1,222,270 | ) | (57,259 | ) |
| Total Unrealized Depreciation | $ (195,336 | ) | |||||||||
| Total Net Unrealized Appreciation/(Depreciation) | $ (146,988 | ) |
Currency Abbreviations:
GBP = British Pound
USD = United States Dollar
EUR = Euro
See Accompanying Notes to Financial Statements.
20
Credit Suisse Asset Management Income Fund, Inc.
Statement of Assets and Liabilities
June 30, 2025 (unaudited)
| Assets — Investments at value, including collateral for securities on loan of $15,594,035 (Cost $244,001,492) (Note 2) | $ 239,654,384 1 | |
|---|---|---|
| Foreign currency at value (Cost $59,994) | 62,263 | |
| Interest receivable | 3,883,142 | |
| Receivable for investments sold | 627,733 | |
| Unrealized appreciation on forward foreign currency contracts (Note 2) | 48,348 | |
| Deferred offering costs (Note 7) | 6,424 | |
| Prepaid expenses and other assets | 20,525 | |
| Total assets | 244,302,819 | |
| Liabilities | ||
| Investment advisory fee payable (Note 3) | 193,412 | |
| Administrative services fee payable | 17,933 | |
| Loan payable (Note 4) | 63,000,000 | |
| Payable upon return of securities loaned (Note 2) | 15,594,035 | |
| Due to custodian | 2,095,299 | |
| Payable for investments purchased | 1,569,164 | |
| Interest payable (Note 4) | 586,717 | |
| Unrealized depreciation on forward foreign currency contracts (Note 2) | 195,336 | |
| Directors’ fee payable | 21,795 | |
| Accrued expenses | 7,599 | |
| Total liabilities | 83,281,290 | |
| Net Assets | ||
| Applicable to 54,823,326 shares outstanding | $ 161,021,529 | |
| Net Assets | ||
| Capital stock, $.001 par value (Note 6) | 54,823 | |
| Paid-in capital (Note 6) | 197,209,452 | |
| Total distributable earnings (loss) | (36,242,746 | ) |
| Net assets | $ 161,021,529 | |
| Net Asset Value Per Share | $2.94 | |
| Market Price Per Share | $2.96 |
1 Includes $15,256,166 of securities on loan.
See Accompanying Notes to Financial Statements.
21
Credit Suisse Asset Management Income Fund, Inc.
Statement of Operations
For the Six Months Ended June 30, 2025 (unaudited)
| Investment Income — Interest | $ 8,756,456 | |
|---|---|---|
| Dividends | 11,783 | |
| Securities lending (net of rebates) | 39,216 | |
| Total investment income | 8,807,455 | |
| Expenses | ||
| Investment advisory fees (Note 3) | 391,404 | |
| Administrative services fees | 37,016 | |
| Interest expense (Note 4) | 1,589,253 | |
| Directors’ fees | 105,093 | |
| Legal fees | 102,062 | |
| Commitment fees (Note 4) | 44,622 | |
| Custodian fees | 35,616 | |
| Printing fees | 32,890 | |
| Audit and tax fees | 28,414 | |
| Transfer agent fees | 27,168 | |
| Stock exchange listing fees | 8,368 | |
| Insurance expense | 2,111 | |
| Miscellaneous expense | 6,557 | |
| Total expenses | 2,410,574 | |
| Net investment income | 6,396,881 | |
| Net Realized and Unrealized Gain (Loss) from Investments, Foreign Currency and Forward Foreign Currency Contracts | ||
| Net realized loss from investments | (682,810 | ) |
| Net realized gain from foreign currency transactions | 9,754 | |
| Net change in unrealized appreciation (depreciation) from investments | 899,540 | |
| Net change in unrealized appreciation (depreciation) from foreign currency translations | 4,020 | |
| Net change in unrealized appreciation (depreciation) from forward foreign currency contracts | (328,730 | ) |
| Net realized and unrealized loss from investments, foreign currency and forward foreign currency contracts | (98,226 | ) |
| Net increase in net assets resulting from operations | $ 6,298,655 |
See Accompanying Notes to Financial Statements.
22
Credit Suisse Asset Management Income Fund, Inc.
Statements of Changes in Net Assets
| For the Six Months Ended June 30, 2025 (unaudited) | ||||
|---|---|---|---|---|
| From Operations | ||||
| Net investment income | $ 6,396,881 | $ | 13,245,221 | |
| Net realized loss from investments, foreign currency transactions and forward foreign currency contracts | (673,056 | ) | (3,128,338 | ) |
| Net change in unrealized appreciation (depreciation) from investments, foreign currency translations and forward foreign currency contracts | 574,830 | 4,865,930 | ||
| Net increase in net assets resulting from operations | 6,298,655 | 14,982,813 | ||
| From Distributions | ||||
| From distributable earnings | (7,399,888 | ) | (13,249,216 | ) |
| Return of capital | — | (1,267,716 | ) | |
| Net decrease in net assets resulting from distributions | (7,399,888 | ) | (14,516,932 | ) |
| From Capital Share Transactions (Note 6) | ||||
| Net proceeds from at-the-market offering (Note 7) | — | 5,933,483 | ||
| Reinvestment of distributions | 50,354 | 165,706 | ||
| Deferred offering cost write off (Note 7) | (647,278 | ) | — | |
| Net increase (decrease) in net assets from capital share transactions | (596,924 | ) | 6,099,189 | |
| Net increase (decrease) in net assets | (1,698,157 | ) | 6,565,070 | |
| Net Assets | ||||
| Beginning of period | 162,719,686 | 156,154,616 | ||
| End of period | $ 161,021,529 | $ | 162,719,686 |
See Accompanying Notes to Financial Statements.
23
Credit Suisse Asset Management Income Fund, Inc.
Statement of Cash Flows
For the Six Months Ended June 30, 2025 (unaudited)
| Reconciliation of Net Increase in Net Assets from Operations to Net Cash Used in Operating Activities — Net increase in net assets resulting from operations | $ 6,298,655 | ||
|---|---|---|---|
| Adjustments to Reconcile Net Increase in Net Assets from Operations to Net Cash Used in Operating Activities | |||
| Decrease in interest receivable | $ 101,812 | ||
| Decrease in accrued expenses | (134,529 | ) | |
| Decrease in interest payable | (378,891 | ) | |
| Decrease in commitment fees payable | (45,361 | ) | |
| Decrease in prepaid expenses and other assets | 40,445 | ||
| Decrease in deferred offering cost | 635,689 | ||
| Decrease in advisory fees payable | (12,230 | ) | |
| Net amortization of a premium or accretion of a discount on investments | (690,052 | ) | |
| Purchases of long-term securities, net of change in payable for investments purchased | (54,854,523 | ) | |
| Sales of long-term securities, net of change in receivable for investments sold | 51,044,570 | ||
| Net proceeds from sales (purchases) of short-term securities | (2,186,430 | ) | |
| Net change in unrealized (appreciation) depreciation from investments and forward foreign currency contracts | (570,810 | ) | |
| Net realized loss from investments | 682,810 | ||
| Total adjustments | (6,367,500) | ||
| Net cash used in operating activities 1 | $ (68,845 | ) | |
| Cash Flows From Financing Activities | |||
| Borrowings on revolving credit facility | 6,000,000 | ||
| Deferred offering costs write off | (647,278 | ) | |
| Cash distributions paid | (7,349,534 | ) | |
| Net cash used in financing activities | (1,996,812 | ) | |
| Net decrease in cash | (2,065,657 | ) | |
| Cash — beginning of period | 32,621 | ||
| Cash — end of period | $ (2,033,036 | ) | |
| Non-Cash Activity: | |||
| Issuance of shares through dividend reinvestments | $ 50,354 |
1 Included in net cash provided by operating activities is cash of $1,968,144 paid for interest on borrowings.
See Accompanying Notes to Financial Statements.
24
Credit Suisse Asset Management Income Fund, Inc.
Financial Highlights
| For the Six Months Ended June 30, 2025 (unaudited) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 2023 | 2022 | 2021 | 2020 | ||||||||
| Per share operating performance | ||||||||||||
| Net asset value, beginning of period | $ 2.97 | $ | 2.96 | $ | 2.73 | $ | 3.43 | $ | 3.42 | $ | 3.48 | |
| INVESTMENT OPERATIONS | ||||||||||||
| Net investment income 1 | 0.12 | 0.25 | 0.25 | 0.23 | 0.23 | 0.27 | ||||||
| Net gain (loss) from investments, foreign currency transactions and forward foreign currency contracts (both realized and unrealized) | (0.01 | ) | 0.03 | 0.25 | (0.66 | ) | 0.05 | (0.06 | ) | |||
| Total from investment activities | 0.11 | 0.28 | 0.50 | (0.43 | ) | 0.28 | 0.21 | |||||
| LESS DIVIDENDS AND DISTRIBUTIONS | ||||||||||||
| Dividends from net investment income | (0.14 | ) | (0.25 | ) | (0.25 | ) | (0.23 | ) | (0.24 | ) | (0.27 | ) |
| Return of capital | — | (0.02 | ) | (0.02 | ) | (0.04 | ) | (0.03 | ) | — | ||
| Total dividends and distributions | (0.14 | ) | (0.27 | ) | (0.27 | ) | (0.27 | ) | (0.27 | ) | (0.27 | ) |
| Net asset value, end of period | $ 2.94 | $ | 2.97 | $ | 2.96 | $ | 2.73 | $ | 3.43 | $ | 3.42 | |
| Per share market value, end of period | $ 2.96 | $ | 2.89 | $ | 3.13 | $ | 2.52 | $ | 3.43 | $ | 3.15 | |
| TOTAL INVESTMENT RETURN 2 | ||||||||||||
| Net asset value | 3.70 | % | 9.86 | % | 19.65 | % | (12.46 | )% | 8.51 | % | 8.08 | % |
| Market value | 7.67 | % | 0.74 | % | 37.07 | % | (19.19 | )% | 17.82 | % | 7.58 | % |
| RATIOS AND SUPPLEMENTAL DATA | ||||||||||||
| Net assets, end of period (000s omitted) | $ 161,022 | $ | 162,720 | $ | 156,155 | $ | 143,914 | $ | 179,614 | $ | 178,641 | |
| Ratio of net expenses to average net assets | 3.02 | % 3 | 2.96 | % | 3.10 | % | 1.91 | % | 1.07 | % | 1.25 | % |
| Ratio of net expenses to average net assets excluding interest expense | 1.03 | % 3 | 0.97 | % | 0.88 | % | 0.89 | % | 0.80 | % | 0.75 | % |
| Ratio of net investment income to average net assets | 8.03 | % 3 | 8.28 | % | 8.79 | % | 7.79 | % | 6.70 | % | 8.55 | % |
| Asset Coverage per $1,000 of Indebtedness | $ 3,556 | $ | 3,855 | $ | 3,974 | $ | 3,379 | $ | 4,070 | $ | 4,162 | |
| Outstanding senior securities (000s omitted) | $ 63,000 | $ | 57,000 | $ | 52,500 | $ | 60,500 | $ | 58,500 | $ | 56,500 | |
| Portfolio turnover rate 4 | 24 | % | 60 | % | 39 | % | 42 | % | 53 | % | 36 | % |
1 Per share information is calculated using the average shares outstanding method.
2 Total investment return at net asset value is based on changes in the net asset value of Fund shares and assumes reinvestment of distributions, if any, at actual prices pursuant to the fund’s dividend reinvestment program. Total investment return at market value is based on changes in the market price at which the Fund’s shares traded on the stock exchange during the period and assumes reinvestment of distributions, if any, at actual prices pursuant to the Fund’s dividend reinvestment program. Because the Fund’s shares trade in the stock market based on investor demand, the Fund may trade at a price higher or lower than its NAV. Therefore, returns are calculated based on NAV and market price. Total returns for periods less than one year are not annualized (See Note 6).
3 Annualized.
4 Portfolio turnover is calculated by dividing the lesser of total purchases or sales of portfolio securities for the reporting period by the monthly average of portfolio securities owned during the reporting period. Excluded from both the numerator and denominator are amounts relating to derivatives and securities whose maturities or expiration dates at the time of acquisition were one year or less.
See Accompanying Notes to Financial Statements.
25
Credit Suisse Asset Management Income Fund, Inc.
Financial Highlights (continued)
| For the Year Ended December 31, — 2019 | 2018 | 2017 | 2016 | 2015 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Per share operating performance | ||||||||||
| Net asset value, beginning of year | $ 3.21 | $ | 3.58 | $ | 3.48 | $ | 3.21 | $ | 3.62 | |
| INVESTMENT OPERATIONS | ||||||||||
| Net investment income 1 | 0.26 | 0.27 | 0.24 | 0.25 | 0.25 | |||||
| Net gain (loss) on investments, foreign currency transactions and forward foreign currency contracts (both realized and unrealized) | 0.28 | (0.37 | ) | 0.12 | 0.28 | (0.40 | ) | |||
| Total from investment activities | 0.54 | (0.10 | ) | 0.36 | 0.53 | (0.15 | ) | |||
| LESS DIVIDENDS AND DISTRIBUTIONS | ||||||||||
| Dividends from net investment income | (0.27 | ) | (0.27 | ) | (0.24 | ) | (0.25 | ) | (0.26 | ) |
| Return of capital | (0.00 | ) 3 | — | (0.02 | ) | (0.01 | ) | — | ||
| Total dividends and distributions | (0.27 | ) | (0.27 | ) | (0.26 | ) | (0.26 | ) | (0.26 | ) |
| Net asset value, end of year | $ 3.48 | $ | 3.21 | $ | 3.58 | $ | 3.48 | $ | 3.21 | |
| Per share market value, end of year | $ 3.22 | $ | 2.77 | $ | 3.31 | $ | 3.16 | $ | 2.78 | |
| TOTAL INVESTMENT RETURN 2 | ||||||||||
| Net asset value | 18.17 | % | (2.39 | )% | 11.34 | % | 18.64 | % | (3.35 | )% |
| Market value | 26.71 | % | (8.89 | )% | 13.37 | % | 24.39 | % | (7.90 | )% |
| RATIOS AND SUPPLEMENTAL DATA | ||||||||||
| Net assets, end of year (000s omitted) | $ 182,030 | $ | 167,897 | $ | 187,472 | $ | 182,019 | $ | 167,848 | |
| Ratio of expenses to average net assets | 1.92 | % | 1.82 | % | 1.06 | % | 0.74 | % | 0.66 | % |
| Ratio of expenses to average net assets excluding interest expense | 0.78 | % | 0.78 | % | 0.90 | % | 0.74 | % | 0.66 | % |
| Ratio of net investment income to average net assets | 7.59 | % | 7.83 | % | 6.75 | % | 7.66 | % | 7.21 | % |
| Asset Coverage per $1,000 of Indebtedness | $ 4,021 | $ | 3,373 | $ | 5,075 | $ | — | $ | — | |
| Outstanding senior securities (000s omitted) | $ 60,250 | $ | 70,750 | $ | 46,000 | $ | — | $ | — | |
| Portfolio turnover rate 4 | 35 | % | 39 | % | 64 | % | 53 | % | 51 | % |
1 Per share information is calculated using the average shares outstanding method.
2 Total investment return at net asset value is based on the change in the net asset value of Fund shares and assumes reinvestment of distributions, if any, at actual prices pursuant to the Fund’s dividend reinvestment program. Total investment return at market value is based on the change in the market price at which the Fund’s shares traded on the stock exchange during the period and assumes reinvestment of distributions, if any, at actual prices pursuant to the Fund’s dividend reinvestment program. Because the Fund’s shares trade in the stock market based on investor demand, the Fund may trade at a price higher or lower than its NAV. Therefore, returns are calculated based on NAV and market price (See Note 6).
3 This amount represents less than $(0.01) per share.
4 Portfolio turnover is calculated by dividing the lesser of total purchases or sales of portfolio securities for the reporting period by the monthly average of portfolio securities owned during the reporting period. Excluded from both the numerator and denominator are amounts relating to derivatives and securities whose maturities or expiration dates at the time of acquisition were one year or less.
See Accompanying Notes to Financial Statements.
26
Credit Suisse Asset Management Income Fund, Inc.
Notes to Financial Statements
June 30, 2025 (unaudited)
Note 1. Organization
Credit Suisse Asset Management Income Fund, Inc. (the “Fund”) was incorporated on February 11, 1987 and is registered as a diversified, closed-end management investment company under the Investment Company Act of 1940, as amended (the “1940 Act”). The investment objective of the Fund is to provide current income consistent with the preservation of capital.
UBS Asset Management (Americas) LLC (“UBS AM (Americas)” or the “Adviser”), the investment adviser to the Fund, is registered as an investment adviser with the Securities and Exchange Commission (“SEC”) and as a Commodity Pool Operator with the Commodity Futures Trading Commission. UBS AM (Americas) is an indirect wholly owned subsidiary of UBS Group AG. UBS Group AG is an internationally diversified organization with headquarters in Zurich, Switzerland. UBS Group AG operates in many areas of the financial services industry.
In this reporting period, the Fund adopted Financial Accounting Standards Board (“FASB”) Accounting Standards Update 2023-07, Segment Reporting (“Topic 280”) — Improvements to Reportable Segment Disclosures (“ASU 2023-07”). Adoption of the new standard impacted financial statement disclosures only and did not affect the Fund’s financial position or the results of its operations. An operating segment is defined in Topic 280 as a component of a public entity that engages in business activities from which it may recognize revenues and incur expenses, has operating results that are regularly reviewed by the public entity’s chief operating decision maker (“CODM”) to make decisions about resources to be allocated to the segment and assess its performance, and has discrete financial information available. The Fund’s portfolio management team acts as the Fund’s CODM. The Fund represents a single operating segment, as the CODM monitors the operating results of the Fund as a whole and the Fund’s long-term strategic asset allocation is predetermined in accordance with the Fund’s single investment objective which is executed by the Fund’s portfolio managers as a team. The financial information in the form of the Fund’s portfolio composition, total returns, expense ratios and changes in net assets (i.e., changes in net assets resulting from operations, subscriptions and redemptions) which are used by the CODM to assess the Fund’s comparative benchmarks and to make resource allocation decisions for the Fund’s single segment, is consistent with that presented within the Fund’s financial statements. Segment assets are reflected on the accompanying statement of assets and liabilities as “total assets” and significant segment expenses are listed on the accompanying statement of operations.
Note 2. Significant Accounting Policies
The following is a summary of significant accounting policies followed by the Fund in the preparation of its financial statements. The policies are in accordance with generally accepted accounting principles in the United States of America (“GAAP”). The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts and disclosures in the financial statements. Actual results could differ from those estimates. The Fund is considered an investment company for financial reporting purposes under GAAP and follows the accounting and reporting guidance in FASB Accounting Standards Codification (“ASC”) Topic 946—Financial Services —Investment Companies.
A) SECURITY VALUATION — The Board of Directors (the “Board”) is responsible for the Fund’s valuation process. The Board has delegated the supervision of the daily valuation process to the Adviser, who has established a Pricing Committee and a Pricing Group, which, pursuant to the policies adopted by the Board, are responsible for making fair valuation determinations and overseeing the Fund’s pricing policies. The net asset value (“NAV”) of the Fund is determined daily as of the close of regular trading (normally 4:00 p.m. Eastern Time) on the New York Stock Exchange, Inc. (the “Exchange”) on each day the Exchange is open for business. The valuations for fixed income securities (which may include, but are not limited to, corporate, government,
27
Credit Suisse Asset Management Income Fund, Inc.
Notes to Financial Statements (continued)
June 30, 2025 (unaudited)
Note 2. Significant Accounting Policies (continued)
municipal, mortgage-backed, collateralized mortgage obligations and asset-backed securities) and certain derivative instruments are typically the prices supplied by independent third party pricing services, which may use market prices or broker/dealer quotations or a variety of valuation techniques and methodologies. The independent third party pricing services use inputs that are observable such as issuer details, interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar securities. These pricing services generally price fixed income securities assuming orderly transactions of an institutional “round lot” size, but some trades occur in smaller “odd lot” sizes which may be effected at lower prices than institutional round lot trades. Structured note agreements are valued in accordance with a dealer-supplied valuation based on changes in the value of the underlying index. Futures contracts are valued daily at the settlement price established by the board of trade or exchange on which they are traded. Forward contracts are valued at the London closing spot rates and the London closing forward point rates on a daily basis. The currency forward contract pricing model derives the differential in point rates to the expiration date of the forward and calculates its present value. Equity securities for which market quotations are available are valued at the last reported sales price or official closing price on the primary market or exchange on which they trade. Investments in open-ended mutual funds are valued at the NAV as reported on each business day and under normal circumstances. Securities for which market quotations are not readily available are valued at their fair value as determined in good faith by the Adviser, as the Board’s valuation designee (as defined in Rule 2a-5 under the 1940 Act), in accordance with the Adviser’s procedures. The Board oversees the Adviser in its role as valuation designee in accordance with the requirements of Rule 2a-5 under the 1940 Act. The Fund may utilize a service provided by an independent third party to fair value certain securities. When fair value pricing is employed, the prices of securities used by the Fund to calculate its NAV may differ from quoted or published prices for the same securities. If independent third party pricing services are unable to supply prices for a portfolio investment, or if the prices supplied are deemed by the Adviser to be unreliable, the market price may be determined by the Adviser using quotations from one or more brokers/dealers or at the transaction price if the security has recently been purchased and no value has yet been obtained from a pricing service or pricing broker. When reliable prices are not readily available, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded, but before the Fund calculates its NAV, these securities will be fair valued in good faith by the Pricing Group, in accordance with procedures established by the Adviser.
The Fund uses valuation techniques to measure fair value that are consistent with the market approach and/or income approach, depending on the type of security and the particular circumstance. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable securities. The income approach uses valuation techniques to discount estimated future cash flows to present value.
GAAP established a disclosure hierarchy that categorizes the inputs to valuation techniques used to value assets and liabilities at each measurement date. These inputs are summarized in the three broad levels listed below:
• Level 1 — quoted prices in active markets for identical investments
• Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)
• Level 3 — significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments)
28
Credit Suisse Asset Management Income Fund, Inc.
Notes to Financial Statements (continued)
June 30, 2025 (unaudited)
Note 2. Significant Accounting Policies (continued)
The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.
The following is a summary of the inputs used as of June 30, 2025 in valuing the Fund’s assets and liabilities carried at fair value:
| Assets | Level 1 | Level 2 | Level 3 | Total |
|---|---|---|---|---|
| Investments in Securities | ||||
| Corporate Bonds | $ — | $ 172,926,730 | $ 92,245 | $ 173,018,975 |
| Bank Loans | — | 31,116,872 | 3,743,236 | 34,860,108 |
| Asset Backed Securities | — | 10,146,007 | — | 10,146,007 |
| Common Stocks | — | 1,148,226 | 2,118 | 1,150,344 |
| Warrants | — | — | 0 | 0 |
| Short-term Investments | 20,478,950 | — | — | 20,478,950 |
| $ 20,478,950 | $ 215,337,835 | $ 3,837,599 | $ 239,654,384 | |
| Other Financial Instruments* | ||||
| Forward Foreign Currency Contracts | $ — | $ 48,348 | $ — | $ 48,348 |
| Liabilities | ||||
| Other Financial Instruments* | ||||
| Forward Foreign Currency Contracts | $ — | $ 195,336 | $ — | $ 195,336 |
The following is a reconciliation of investments as of June 30, 2025 for which significant unobservable inputs were used in determining fair value.
| Balance as of December 31, 2024 | Corporate Bonds — $ 202,210 | Bank Loans — $ 4,940,122 | Common Stocks — $ 2,117 | Warrants — $ 0 | Total — $ 5,144,449 | |||
|---|---|---|---|---|---|---|---|---|
| Accrued discounts (premiums) | — | 32,660 | — | — | 32,660 | |||
| Purchases | (22,921 | ) | 826,027 | — | — | 803,106 | ||
| Sales | — | (1,972,021 | ) | — | — | (1,972,021 | ) | |
| Realized gain (loss) | — | (123,441 | ) | — | — | (123,441 | ) | |
| Change in unrealized appreciation (depreciation) | (87,044 | ) | 31,041 | 1 | — | (56,002 | ) | |
| Transfers into Level 3 | — | 362,093 | — | — | 362,093 | |||
| Transfers out of Level 3 | — | (353,245 | ) | — | — | (353,245 | ) | |
| Balance as of June 30, 2025 | $ 92,245 | $ 3,743,236 | $ 2,118 | $ 0 | $ 3,837,599 | |||
| Net change in unrealized appreciation (depreciation) from investments still held as of June 30, 2025 | $ (88,145 | ) | $ (57,406 | ) | $ — | $ — | $ (145,551 | ) |
Quantitative Disclosure About Significant Unobservable Inputs
| Asset Class — Bank Loans | Fair Value At June 30, 2025 — $ 3,743,236 | Vendor pricing | Single Broker Quote | $0.81 - $1.00 ($0.96 | ) |
|---|---|---|---|---|---|
| 0 | Income Approach | Expected Remaining Distribution | 0.00 (N/A | ) | |
| Corporate Bonds | 92,245 | Income Approach | Expected Remaining Distribution | 0.00 – 0.77 (0.76 | ) |
| Common Stocks | 2,118 | Income Approach | Expected Remaining Distribution | 0.00 - 1.48 (0.84 | ) |
| Warrant | 0 | Income Approach | Expected Remaining Distribution | 0.00 (N/A | ) |
29
Credit Suisse Asset Management Income Fund, Inc.
Notes to Financial Statements (continued)
June 30, 2025 (unaudited)
Note 2. Significant Accounting Policies (continued)
Each fair value determination is based on a consideration of relevant factors, including both observable and unobservable inputs. Observable and unobservable inputs that UBS AM (Americas) considers may include (i) information obtained from the company, which may include an analysis of the company’s financial statements, the company’s products or intended markets or the company’s technologies; (ii) the price of the same or similar security negotiated at arm’s length in an issuer’s completed subsequent round of financing; (iii) the price and extent of public trading in similar securities of the issuer or of comparable companies; or (iv) a probability and time value adjusted analysis of contractual term. Where available and appropriate, multiple valuation methodologies are applied to confirm fair value. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, determining fair value requires more judgment. Because of the inherent uncertainty of valuation, those estimated values may be materially higher or lower than the values that would have been used had a ready market for the investments existed. Accordingly, the degree of judgment exercised by the Fund in determining fair value is greatest for investments categorized in Level 3. In some circumstances, the inputs used to measure fair value might be categorized within different levels of the fair value hierarchy. In those instances, the fair value measurement is categorized in its entirety in the fair value hierarchy based on the least observable input that is significant to the fair value measurement. Additionally, changes in the market environment and other events that may occur over the life of the investments may cause the gains or losses ultimately realized on these investments to be different from the valuations used at the date of these financial statements.
For the six months ended June 30, 2025, $362,093 was transferred from Level 2 to Level 3 due to a lack of a pricing source supported by observable inputs and $353,245 was transferred from Level 3 to Level 2 as a result of the availability of a pricing source supported by observable inputs. All transfers, if any, are assumed to occur at the end of the reporting period.
B) DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES — The Fund adopted amendments to authoritative guidance on disclosures about derivative instruments and hedging activities which require that a fund disclose (a) how and why an entity uses derivative instruments, (b) how derivative instruments and hedging activities are accounted for and (c) how derivative instruments and related hedging activities affect a fund’s financial position, financial performance and cash flows.
The following table presents the fair value and the location of derivatives within the Statement of Assets and Liabilities at June 30, 2025 and the effect of these derivatives on the Statement of Operations for the six months ended June 30, 2025.
| Primary Underlying Risk | Derivative Assets 1 | Derivative Liabilities 1 | Realized Gain (Loss) | Net Change in Unrealized Appreciation (Depreciation) | |
|---|---|---|---|---|---|
| Foreign currency exchange risk | $ 48,348 | $ 195,336 | $ 0 | $ (328,730 | ) |
1 Generally, the balance sheet location for asset derivatives is unrealized appreciation and for liability derivatives is unrealized depreciation.
For the six months ended June 30, 2025, the Fund held an average monthly value on a net basis of $3,974,838 in forward foreign currency contracts.
The Fund is a party to International Swap and Derivatives Association, Inc. (“ISDA”) Master Agreements (“Master Agreements”) with certain counterparties that govern over-the-counter derivative (including total return,
30
Credit Suisse Asset Management Income Fund, Inc.
Notes to Financial Statements (continued)
June 30, 2025 (unaudited)
Note 2. Significant Accounting Policies (continued)
credit default and interest rate swaps) and foreign exchange contracts entered into by the Fund. The Master Agreements may contain provisions regarding, among other things, the parties’ general obligations, representations, agreements, collateral requirements, events of default and early termination. Termination events applicable to the Fund may occur upon a decline in the Fund’s net assets below a specified threshold over a certain period of time.
The following table presents by counterparty the Fund’s derivative assets, net of related collateral held by the Fund, at June 30, 2025:
| Counterparty | Gross Amount of Derivative Assets Presented in the Statement of Assets and Liabilities | Financial Instruments and Derivatives Available for Offset | Non-Cash Collateral Received | Cash Collateral Received | Net Amount of Derivative Assets | |
|---|---|---|---|---|---|---|
| Barclays Bank PLC | $ 4,082 | $ (4,082 | ) | $ — | $ — | $ — |
| Deutsche Bank AG | 19,383 | (13,478 | ) | — | — | 5,905 |
| JPMorgan Chase | 24,883 | (1,627 | ) | — | — | 23,256 |
| $ 48,348 | $ (19,187 | ) | $ — | $ — | $ 29,161 |
The following table presents by counterparty the Fund’s derivative liabilities, net of related collateral pledged by the Fund, at June 30, 2025:
| Counterparty | Gross Amount of Derivative Liabilities Presented in the Statement of Assets and Liabilities | Financial Instruments and Derivatives Available for Offset | Non-Cash Collateral Pledged | Cash Collateral Pledged | Net Amount of Derivative Liabilities | |
|---|---|---|---|---|---|---|
| Barclays Bank PLC | $ 4,945 | $ (4,082 | ) | $ — | $ — | $ 863 |
| Deutsche Bank AG | 13,478 | (13,478 | ) | — | — | — |
| JPMorgan Chase | 1,627 | (1,627 | ) | — | — | — |
| Morgan Stanley | 175,286 | — | — | — | 175,286 | |
| $ 195,336 | $ (19,187 | ) | $ — | $ — | $ 176,149 |
C) FOREIGN CURRENCY TRANSACTIONS —The books and records of the Fund are maintained in U.S. dollars. Transactions denominated in foreign currencies are recorded at the current prevailing exchange rates. All assets and liabilities denominated in foreign currencies, including purchases and sales of investments, and income and expenses, are translated into U.S. dollar amounts on the date of those transactions.
Reported net realized gain (loss) from foreign currency transactions arises from sales of foreign currencies; currency gains or losses realized between the trade and settlement dates on securities transactions; and the difference between the amounts of dividends, interest, and foreign withholding taxes recorded on the Fund’s books and the U.S. dollar equivalent of the amounts actually received or paid. Net change in unrealized gains and losses on translation of assets and liabilities denominated in foreign currencies arises from changes in the fair values of assets and liabilities, other than investments, at the end of the period, resulting from changes in exchange rates.
The Fund does not isolate that portion of the results of operations resulting from fluctuations in foreign exchange rates on investments from the fluctuations arising from changes in market prices of investments held. Such fluctuations are included with net realized and unrealized gain or loss from investments in the Statement of Operations.
31
Credit Suisse Asset Management Income Fund, Inc.
Notes to Financial Statements (continued)
June 30, 2025 (unaudited)
Note 2. Significant Accounting Policies (continued)
D) SECURITY TRANSACTIONS AND INVESTMENT INCOME/EXPENSE — Security transactions are accounted for on a trade date basis. Interest income/expense is recorded on the accrual basis. The Fund amortizes premiums and accretes discounts using the effective interest method. Dividend income/expense is recorded on the ex-dividend date. The cost of investments sold is determined by use of the specific identification method for both financial reporting and income tax purposes. To the extent any issuer defaults or a credit event occurs that impacts the issuer, the Fund may halt any additional interest income accruals and consider the realizability of interest accrued up to the date of default or credit event.
E) DIVIDENDS AND DISTRIBUTIONS TO SHAREHOLDERS — The Fund declares and pays dividends on a monthly basis. Distributions of net realized capital gains, if any, are declared and paid at least annually. However, to the extent that a net realized capital gain can be reduced by a capital loss carryforward, such gain will not be distributed. Dividends and distributions to shareholders of the Fund are recorded on the ex-dividend date and are determined in accordance with federal income tax regulations, which may differ from GAAP.
The Fund’s dividend policy is to distribute substantially all of its net investment income to its shareholders on a monthly basis. However, in order to provide shareholders with a more consistent yield to the current trading price of shares of common stock of the Fund, the Fund may at times pay out less than the entire amount of net investment income earned in any particular month and may at times in any month pay out such accumulated but undistributed income in addition to net investment income earned in that month. As a result, the dividends paid by the Fund for any particular month may be more or less than the amount of net investment income earned by the Fund during such month.
F) FEDERAL AND OTHER TAXES — No provision is made for federal taxes as it is the Fund’s intention to continue to qualify as a regulated investment company (“RIC”) under the Internal Revenue Code of 1986, as amended (the “Code”), and to make the requisite distributions to its shareholders, which will be sufficient to relieve it from federal income and excise taxes.
In order to qualify as a RIC under Subchapter M of the Code, the Fund must meet certain requirements regarding the source of its income, the diversification of its assets and the distribution of its income. One of these requirements is that the Fund derive at least 90% of its gross income for each taxable year from dividends, interest, payments with respect to certain securities loans, gains from the sale or other disposition of stock, securities or foreign currencies, other income (including gains from options, futures, and forward contracts) derived with respect to its business of investing in such stock, securities or currencies or net income derived from interests in certain publicly-traded partnerships (“Qualifying Income”).
The Fund adopted the authoritative guidance for uncertainty in income taxes and recognizes a tax benefit or liability from an uncertain position only if it is more likely than not that the position is sustainable based solely on its technical merits and consideration of the relevant taxing authority’s widely understood administrative practices and procedures. The Fund has reviewed its current tax positions and has determined that no provision for income tax is required in the Fund’s financial statements. The Fund’s federal and state income and federal excise tax returns for each of the tax years in the four year period ended June 30, 2025, for which the applicable statutes of limitations have not expired are subject to examination by the Internal Revenue Service and state departments of revenue.
G) CASH — The Fund’s uninvested cash balance is held in an interest bearing variable rate demand deposit account at State Street Bank and Trust Company (“SSB”), the Fund’s custodian.
32
Credit Suisse Asset Management Income Fund, Inc.
Notes to Financial Statements (continued)
June 30, 2025 (unaudited)
Note 2. Significant Accounting Policies (continued)
H) CASH FLOW INFORMATION — Cash, as used in the Statement of Cash Flows, is the amount reported in the Statement of Assets and Liabilities, including domestic and foreign currencies. The Fund invests in securities and distributes dividends from net investment income and net realized gains, if any (which are either paid in cash or reinvested at the discretion of shareholders). These activities are reported in the Statement of Changes in Net Assets. Information on cash payments is presented in the Statement of Cash Flows. Accounting practices that do not affect reporting activities on a cash basis include unrealized gain or loss on investment securities and accretion or amortization income/expense recognized on investment securities.
I) FORWARD FOREIGN CURRENCY CONTRACTS — A forward foreign currency exchange contract (“forward currency contract”) is a commitment to purchase or sell a foreign currency at the settlement date at a negotiated rate. The Fund will enter into forward currency contracts solely for hedging or other appropriate risk management purposes as defined in regulations of the Commodities Futures Trading Commission. Forward currency contracts are valued at the prevailing forward exchange rate of the underlying currencies and unrealized gain/loss is recorded daily. On the settlement date of the forward currency contract, the Fund records a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value of the contract at the time it was closed. Certain risks may arise upon entering into forward currency contracts from the potential inability of counterparties to meet the terms of their contracts. The maximum counterparty credit risk to the Fund is measured by the unrealized gain on appreciated contracts. Additionally, when utilizing forward currency contracts to hedge, the Fund forgoes the opportunity to profit from favorable exchange rate movements during the term of the contract. The Fund’s open forward currency contracts at June 30, 2025 are disclosed in the Schedule of Investments.
J) UNFUNDED LOAN COMMITMENTS — The Fund enters into certain agreements, all or a portion of which may be unfunded. The Fund is obligated to fund these loan commitments at the borrowers’ discretion. Funded and unfunded portions of credit agreements are presented in the Schedule of Investments. As of June 30, 2025, the Fund has no unfunded loan commitments.
Unfunded loan commitments and funded portions of credit agreements are marked to market daily and any unrealized appreciation or depreciation is included in the Statement of Assets and Liabilities and the Statement of Operations.
K) SECURITIES LENDING — The initial collateral received by the Fund is required to have a value of at least 102% of the market value of domestic securities on loan (including any accrued interest thereon) and 105% of the market value of foreign securities on loan (including any accrued interest thereon). The collateral is maintained thereafter at a value equal to at least 102% of the current market value of the securities on loan. The market value of loaned securities is determined at the close of each business day of the Fund and any additional required collateral is delivered to the Fund, or excess collateral returned by the Fund, on the next business day. Cash collateral received by the Fund in connection with securities lending activity may be pooled together with cash collateral for other funds/portfolios advised by UBS AM (Americas) and may be invested in a variety of investments, including funds advised by SSB or an affiliate, the Fund’s securities lending agent, or money market instruments. However, in the event of default or bankruptcy by the other party to the agreement, realization and/or retention of the collateral may be subject to legal proceedings. The remaining maturities of the securities lending transactions are considered overnight and continuous. Loans are subject to termination by the Fund or the borrower at any time.
33
Credit Suisse Asset Management Income Fund, Inc.
Notes to Financial Statements (continued)
June 30, 2025 (unaudited)
Note 2. Significant Accounting Policies (continued)
SSB has been engaged by the Fund to act as the Fund’s securities lending agent. As of June 30, 2025, the Fund had outstanding loans of securities to certain approved brokers for which the Fund received collateral:
| Market Value of Loaned Securities | Market Value of Cash Collateral |
|---|---|
| $ 15,256,166 | $ 15,594,035 |
The following table presents financial instruments that are subject to enforceable netting arrangements as of June 30, 2025.
Gross Amounts Not Offset in the Statement of Assets and Liabilities
| Gross Asset Amounts Presented in the Statement of Assets and Liabilities (a) | Collateral Received (b) | Net Amount | |
|---|---|---|---|
| $ 15,256,166 | $ (15,256,166 | ) | $ — |
(a) Represents market value of loaned securities at period end.
(b) The actual collateral received is greater than the amount shown here due to collateral requirements of the security lending agreement.
The Fund’s securities lending arrangement provides that the Fund and SSB will share the net income earned from securities lending activities. Securities lending income is accrued as earned. For the six months ended June 30, 2025, total earnings received in connection with securities lending arrangements was $387,991, of which $335,704 was rebated to borrowers (brokers). The Fund retained $39,216 in income, and SSB, as lending agent, was paid $13,071.
L) OTHER — Lower-rated debt securities (commonly known as “junk bonds”) possess speculative characteristics and are subject to greater market fluctuations and risk of lost income and principal than higher-rated debt securities for a variety of reasons. Also, during an economic downturn or substantial period of rising interest rates, highly leveraged issuers may experience financial stress which would adversely affect their ability to service their principal and interest payment obligations, to meet projected business goals and to obtain additional financing.
In the normal course of business, the Fund trades financial instruments and enters into financial transactions for which risk of potential loss exists due to changes in the market (market risk) or failure of the other party to a transaction to perform (credit risk). Similar to credit risk, the Fund may be exposed to counterparty risk, including with respect to securities lending, or the risk that an institution or other entity with which the Fund has unsettled or open transactions will default. The potential loss could exceed the value of the financial assets recorded in the financial statements. Financial assets, which potentially expose the Fund to credit risk, consist principally of cash due from counterparties and investments. The extent of the Fund’s exposure to credit and counterparty risks in respect to these financial assets approximates their carrying value as recorded in the Fund’s Statement of Assets and Liabilities.
In addition, periods of economic uncertainty and changes can be expected to result in increased volatility of market prices of lower-rated debt securities and the Fund’s NAV.
34
Credit Suisse Asset Management Income Fund, Inc.
Notes to Financial Statements (continued)
June 30, 2025 (unaudited)
Note 3. Transactions with Affiliates and Related Parties
UBS AM (Americas) serves as investment adviser for the Fund. For its investment advisory services, UBS AM (Americas) is entitled to receive a fee from the Fund at a rate per annum, computed weekly and paid quarterly as follows: 0.50% of an average weekly base amount which, with respect to each quarter, is the average of the lower of (i) the stock price (market value) of the Fund’s outstanding shares and (ii) the Fund’s net assets, in each case determined as of the last trading day for each week during the relevant quarter. For the six months ended June 30, 2025, investment advisory fees earned were $391,404.
The Fund from time to time purchases or sells loan investments in the secondary market through UBS AM (Americas) or its affiliates acting in the capacity as broker-dealer. UBS AM (Americas) or its affiliates may have acted in some type of agent capacity to the initial loan offering prior to such loan trading in the secondary market.
Note 4. Line of Credit
The Fund has a line of credit subject to annual renewal provided by SSB primarily to leverage its investment portfolio (the “Agreement”). The Fund may borrow the lesser of: a) $85,000,000; b) an amount that is no greater than 33 1/3% of the Fund’s total assets minus the sum of liabilities (other than aggregate indebtedness constituting leverage); and c) the Borrowing Base as defined in the Agreement. Under the terms of the Agreement, the Fund pays a commitment fee of 0.25% on the unused amount. In addition, the Fund pays interest on borrowings at a designated reference rate plus a spread. At June 30, 2025, the Fund had loans outstanding under the Agreement of $63,000,000. Unless renewed, the Agreement will terminate on June 3, 2026. During the six months ended June 30, 2025, the Fund had borrowings under the Agreement as follows:
| Average Daily Loan Balance — $ 59,994,475 | 5.269 % | Maximum Daily Loan Outstanding — $ 63,000,000 | Interest Expense — $ 1,589,253 | 181 |
|---|---|---|---|---|
The use of leverage by the Fund creates an opportunity for increased net income and capital appreciation for the Fund, but, at the same time, creates special risks, and there can be no assurance that a leveraging strategy will be successful during any period in which it is employed. The Fund intends to utilize leverage to provide the shareholders with a potentially higher return. Leverage creates risks for shareholders including the likelihood of greater volatility of NAV and market price of the Fund’s shares and the risk that fluctuations in interest rates on borrowings and short-term debt may affect the return to shareholders. To the extent the income or capital appreciation derived from securities purchased with funds received from leverage exceeds the cost of leverage, the Fund’s return will be greater than if leverage had not been used. Conversely, if the income or capital appreciation from the securities purchased with such funds is not sufficient to cover the cost of leverage, the return to the Fund will be less than if leverage had not been used, and therefore the amount available for distribution to shareholders as dividends and other distributions will be reduced. In the latter case, UBS AM (Americas) in its best judgment nevertheless may determine to maintain the Fund’s leveraged position if it deems such action to be appropriate under the circumstances.
Certain types of borrowings by the Fund may result in the Fund being subject to covenants in credit agreements, including those relating to asset coverage and portfolio composition requirements. The securities held by the Fund are subject to a lien granted to the lender, to the extent of the borrowing outstanding and any additional expenses. The Fund’s lenders may establish guidelines for borrowing which may impose asset coverage or portfolio composition requirements that are more stringent than those imposed by the 1940 Act. There is no guarantee that the Fund’s borrowing arrangements or other arrangements for obtaining leverage will
35
Credit Suisse Asset Management Income Fund, Inc.
Notes to Financial Statements (continued)
June 30, 2025 (unaudited)
Note 4. Line of Credit (continued)
continue to be available, or if available, will be available on terms and conditions acceptable to the Fund. Expiration or termination of available financing for leveraged positions can result in adverse effects to the Fund’s access to liquidity and its ability to maintain leverage positions, and may cause the Fund to incur losses. Unfavorable economic conditions also could increase funding costs, limit access to the capital markets or result in a decision by lenders not to extend credit to the Fund. In addition, a decline in market value of the Fund’s assets may have particular adverse consequences in instances where the Fund has borrowed money based on the market value of those assets. A decrease in market value of those assets may result in the lender requiring the Fund to sell assets at a time when it may not be in the Fund’s best interest to do so.
Note 5. Purchases and Sales of Securities
For the six months ended June 30, 2025, purchases and sales of investment securities and U.S. Government and Agency Obligations (excluding short-term investments) were as follows:
| Investment Securities — Purchases | Sales | U.S. Government/ Agency Obligations — Purchases | Sales |
|---|---|---|---|
| $ 55,273,638 | $ 50,995,918 | $ 0 | $ 0 |
Note 6. Fund Shares
The Fund offers a Dividend Reinvestment and Cash Purchase Plan (the “Plan”) to its common stockholders. By participating in the Plan, dividends and distributions will be promptly paid to stockholders in additional shares of common stock of the Fund. The number of shares to be issued will be determined by dividing the total amount of the distribution payable by the greater of (i) the NAV of the Fund’s common stock on the payment date, or (ii) 95% of the market price per share of the Fund’s common stock on the payment date. If the NAV of the Fund’s common stock is greater than the market price (plus estimated brokerage commissions) on the payment date, Computershare Trust Company, N.A. (“Computershare”) (or a broker-dealer selected by Computershare) shall endeavor to apply the amount of such distribution to purchase shares of Fund common stock in the open market.
The Fund has one class of shares of common stock, par value $0.001 per share; one hundred million shares are authorized. Transactions in shares of beneficial interest of the Fund were as follows:
| Shares issued through at-the-market offerings | 0 | 1,966,284 |
|---|---|---|
| Shares issued through reinvestment of dividends | 17,086 | 55,585 |
| Net increase | 17,086 | 2,021,869 |
Note 7. Shelf Offering
The Fund had an effective “shelf” registration statement during the reporting period, which became effective with the SEC on November 17, 2021. The Fund filed a new shelf registration statement on November 14, 2024 to permit the Fund to continue to make offerings under the prior shelf registration statement until the earlier of (i) the effective date of the new shelf registration statement and (ii) 180 days after the third anniversary of the initial effective date of the prior shelf registration statement. The Fund’s new shelf registration statement has not yet been declared effective, and its prior shelf registration statement expired on May 16, 2025. The shelf registration statement enabled the Fund to issue up to $250,000,000 in proceeds through one or more public offerings. Shares
36
Credit Suisse Asset Management Income Fund, Inc.
Notes to Financial Statements (continued)
June 30, 2025 (unaudited)
Note 7. Shelf Offering (continued)
may be offered at prices and terms to be set forth in one or more supplements to the Fund’s prospectus included in the shelf registration statement. On November 19, 2021, the Fund filed a prospectus supplement relating to an at-the-market offering of the Fund’s shares of common stock. Any proceeds raised through such offering will be used for investment purposes. For the six months ended June 30, 2025, no common shares of beneficial interest were issued in the shelf offering.
Costs incurred by the Fund in connection with its shelf registration statement and prospectus supplement are recorded as a prepaid expense and recognized as “Deferred offering costs” on the Statement of Assets and Liabilities. These costs will be amortized pro rata as common shares are sold and will be recognized as a component of proceeds from the shelf offering on the Statement of Changes in Net Assets. Any deferred offering costs remaining after the effectiveness of the shelf registration statement will be expensed. Costs incurred by the Fund to keep the shelf registration current are expensed as incurred and recognized as a component of “Miscellaneous expense” on the Statement of Operations. Deferred offering costs amortized during the six months ended June 30, 2025 were $647,278.
Note 8. Contingencies
In the normal course of business, the Fund may provide general indemnifications pursuant to certain contracts and organizational documents. The Fund’s maximum exposure under these arrangements is dependent on future claims that may be made against the Fund and, therefore, cannot be estimated; however, based on experience, the risk of loss from such claims is considered remote.
Note 9. Subsequent Events
In preparing the financial statements as of June 30, 2025, management considered the impact of subsequent events for potential recognition or disclosure in these financial statements through the date of release of this report. No such events requiring recognition or disclosure were identified through the date of the release of this report.
37
Credit Suisse Asset Management Income Fund, Inc.
Results of Annual Meeting of Shareholders (unaudited)
On April 22, 2025, the Annual Meeting of Shareholders of the Fund, was held and the following matter was voted upon:
(1) To elect three directors to the Board of Directors of the Fund:
| NAME OF DIRECTOR | FOR | WITHHELD |
|---|---|---|
| Laura DeFelice | 35,378,738 | 2,947,302 |
| Charles Gerber | 35,256,761 | 3,069,278 |
| Lee Shaiman | 35,369,380 | 2,956,659 |
In addition to the directors re-elected at the meeting, Mahendra Gupta, Samantha Kappagoda and John Popp continue to serve as Directors of the Fund.
38
Credit Suisse Asset Management Income Fund, Inc.
Recent Changes (unaudited)
During the period ended June 30, 2025, changes that occurred since the close of the period covered by the previously transmitted annual shareholder report there were: (i) no material changes in the fund’s investment objectives or policies that have not been approved by Stockholders, (ii) no changes in the fund’s charter or by-laws that would delay or prevent a change of control of the fund that have not been approved by Stockholders, (iii) no material changes to the principal risk factors associated with investment in the fund, and (iv) no changes in the persons primarily responsible for the day-to-day management of the Fund’s portfolio.
39
Credit Suisse Asset Management Income Fund, Inc.
Notice of Privacy and Information Practices (unaudited)
At UBS AM (Americas), we know that you are concerned with how we protect and handle nonpublic personal information that identifies you. This notice is designed to help you understand what nonpublic personal information we collect from you and from other sources, and how we use that information in connection with your investments and investment choices that may be available to you. Except where otherwise noted, this notice is applicable only to consumers who are current or former investors, meaning individual persons whose investments are primarily for household, family or personal use (“individual investors”). Specified sections of this notice, however, also apply to other types of investors (called “institutional investors”). Where the notice applies to institutional investors, the notice expressly states so. This notice is being provided by Credit Suisse Funds and Credit Suisse Closed-End Funds. This notice applies solely to U.S. registered investment companies advised by UBS AM (Americas).
Categories of information we may collect:
We may collect information about you, including nonpublic personal information, such as
• Information we receive from you on applications, forms, agreements, questionnaires, UBS AM (Americas) websites and other websites that are part of our investment program, or in the course of establishing or maintaining a customer relationship, such as your name, address, e-mail address, Social Security number, assets, income, financial situation; and
• Information we obtain from your transactions and experiences with us, our affiliates, or others, such as your account balances or other investment information, assets purchased and sold, and other parties to a transaction, where applicable.
Categories of information we disclose and parties to whom we disclose it:
• We do not disclose nonpublic personal information about our individual investors, except as permitted or required by law or regulation. Whether you are an individual investor or institutional investor, we may share the information described above with our affiliates that perform services on our behalf, and with our asset management and private banking affiliates; as well as with unaffiliated third parties that perform services on our behalf, such as our accountants, auditors, attorneys, broker-dealers, fund administrators, and other service providers.
• We want our investors to be informed about additional products or services. We do not disclose nonpublic personal information relating to individual investors to our affiliates for marketing purposes, nor do we use such information received from our affiliates to solicit individual investors for such purposes. Whether you are an individual investor or an institutional investor, we may disclose information, including nonpublic personal information, regarding our transactions and experiences with you to our affiliates.
• In addition, whether you are an individual investor or an institutional investor, we reserve the right to disclose information, including nonpublic personal information, about you to any person or entity, including without limitation any governmental agency, regulatory authority or self-regulatory organization having jurisdiction over us or our affiliates, if (i) we determine in our discretion that such disclosure is necessary or advisable pursuant to or in connection with any United States federal, state or local, or non-U.S., court order (or other legal process), law, rule, regulation, or executive order or policy, including without limitation any anti-money laundering law or the USA PATRIOT Act of 2001; and (ii) such disclosure is not otherwise prohibited by law, rule, regulation, or executive order or policy.
40
Credit Suisse Asset Management Income Fund, Inc.
Notice of Privacy and Information Practices (unaudited) (continued)
Confidentiality and security
• To protect nonpublic personal information about individual investors, we restrict access to those employees and agents who need to know that information to provide products or services to us and to our investors. We maintain physical, electronic, and procedural safeguards to protect nonpublic personal information.
Other disclosures
This notice is not intended to be incorporated in any offering materials, but is a statement of our current Notice of Privacy and Information Practices and may be amended from time to time. This notice is current as of May 13, 2025.
41
Credit Suisse Asset Management Income Fund, Inc.
Proxy Voting and Portfolio Holdings Information (unaudited)
Information regarding how the Fund voted proxies related to its portfolio securities during the 12-month period ended June 30 of each year, as well as the policies and procedures that the Fund uses to determine how to vote proxies relating to its portfolio securities are available:
• By calling 1-800-293-1232
• On the Fund’s website, https://us-fund.ubs.com/en/home
• On the website of the Securities and Exchange Commission (“SEC”) at www.sec.gov
The Fund files its complete schedule of portfolio holdings for the first and third quarters of its fiscal year with the SEC as an exhibit to its reports on Form N-PORT. The Fund’s Form N-PORT reports are available on the SEC’s website at www.sec.gov.
Funds Managed by UBS Asset Management (Americas) LLC
CLOSED-END FUNDS
Fixed Income
Credit Suisse Asset Management Income Fund, Inc. (NYSE American: CIK)
Credit Suisse High Yield Bond Fund (NYSE American: DHY)
Literature Request — Call today for free descriptive information on the closed-ended funds listed above at 1-800-293-1232 or visit our website at https://us-fund.ubs.com/en/home
OPEN-END FUNDS
| Credit Suisse Commodity Return Strategy Fund | Credit Suisse Strategic Income Fund |
|---|---|
| Credit Suisse Floating Rate High Income Fund | Credit Suisse Trust Commodity Return Strategy Portfolio |
Fund shares are not deposits or other obligation of UBS Asset Management (Americas) LLC or any affiliate, are not FDIC-insured and are not guaranteed by UBS Asset Management (Americas) LLC or any affiliate. Fund investments are subject to investment risks, including loss of your investment. There are special risk considerations associated with international, global, emerging-markets, small-company, private equity, high-yield debt, single-industry, single-country and other special, aggressive or concentrated investment strategies. Past performance cannot guarantee future results.
More complete information about a fund, including charges and expenses, is provided in the Prospectus, which should be read carefully before investing. You may obtain copies by calling Credit Suisse Funds at 1-877-870-2874. Performance information current to the most recent month-end is available at https://us-fund.ubs.com/en/home.
42
Credit Suisse Asset Management Income Fund, Inc.
Dividend Reinvestment and Cash Purchase Plan (unaudited)
Credit Suisse Asset Management Income Fund, Inc. (the “Fund”) offers a Dividend Reinvestment and Cash Purchase Plan (the “Plan”) to its common stockholders. The Plan offers common stockholders a prompt and simple way to reinvest net investment income dividends and capital gains and other periodic distributions in shares of the Fund’s common stock. Computershare Trust Company, N.A. (“Computershare”) acts as Plan Agent for stockholders in administering the Plan.
If your shares of common stock of the Fund are registered in your own name, you will automatically participate in the Plan, unless you have indicated that you do not wish to participate and instead wish to receive dividends and capital gains distributions in cash. If you are a beneficial owner of the Fund having your shares registered in the name of a bank, broker or other nominee, you must first make arrangements with the organization in whose name your shares are registered to have the shares transferred into your own name. Registered shareholders can join the Plan via the Internet by going to www.computershare.com, authenticating your online account, agreeing to the Terms and Conditions of online “Account Access” and completing an online Plan Enrollment Form. Alternatively, you can complete the Plan Enrollment Form and return it to Computershare at the address below.
By participating in the Plan, your dividends and distributions will be promptly paid to you in additional shares of common stock of the Fund. The number of shares to be issued to you will be determined by dividing the total amount of the distribution payable to you by the greater of (i) the net asset value per share (“NAV”) of the Fund’s common stock on the payment date, or (ii) 95% of the market price per share of the Fund’s common stock on the payment date. If the NAV of the Fund’s common stock is greater than the market price (plus estimated brokerage commissions) on the payment date, then Computershare (or a broker-dealer selected by Computershare) shall endeavor to apply the amount of such distribution on your shares to purchase shares of Fund common stock in the open market.
You should be aware that all net investment income dividends and capital gain distributions are taxable to you as ordinary income and capital gain, respectively, whether received in cash or reinvested in additional shares of the Fund’s common stock.
The Plan also permits participants to purchase shares of the Fund through Computershare. You may invest $100 or more monthly, with a maximum of $100,000 in any annual period. Computershare will purchase shares for you on the open market on the 25th of each month or the next trading day if the 25th is not a trading day.
There is no service fee payable by Plan participants for dividend reinvestment. For voluntary cash payments, Plan participants must pay a service fee of $5.00 per transaction. Plan participants will also be charged a pro rata share of the brokerage commissions for all open market purchases ($0.03 per share as of December 2024). Participants will also be charged a service fee of $5.00 for each sale and brokerage commissions of $0.03 per share (as of December 2024).
You may terminate your participation in the Plan at any time by notifying Computershare or requesting a sale of your shares held in the Plan. Your withdrawal will be effective immediately if your notice is received by Computershare prior to any dividend or distribution record date; otherwise, such termination will be effective only with respect to any subsequent dividend or distribution. Your dividend participation option will remain the same unless you withdraw all of your whole and fractional Plan shares, in which case your participation in the Plan will be terminated and you will receive subsequent dividends and capital gains distributions in cash instead of shares.
43
Credit Suisse Asset Management Income Fund, Inc.
Dividend Reinvestment and Cash Purchase Plan (unaudited) (continued)
If you want further information about the Plan, including a brochure describing the Plan in greater detail, please contact Computershare as follows:
By Internet: www.computershare.com
By phone: (800) 730-6001 (U.S. and Canada)
(781) 575-3100 (Outside U.S. and Canada)
Customer service associates are available from 9:00 a.m. to 5:00 p.m. Eastern time, Monday through Friday
By mail: Credit Suisse Asset Management Income Fund, Inc.
c/o Computershare
P.O. Box 43006
Providence, RI 02940-3006
Overnight correspondence should be sent to:
Computershare
150 Royall St., Suite 101
Canton, MA 02021
All notices, correspondence, questions or other communications sent by mail should be sent by registered or certified mail, return receipt requested.
The Plan may be terminated by the Fund or Computershare upon notice in writing mailed to each participant at least 30 days prior to any record date for the payment of any dividend or distribution.
44
This report, including the financial statements herein, is sent to the shareholders of the Fund for their information. It is not a prospectus, circular or representation intended for use in the purchase or sale of shares of the Fund or of any securities mentioned in this report.
CIK-SAR-0625
Item 2. Code of Ethics.
This item is inapplicable to a semi-annual report on Form N-CSR.
Item 3. Audit Committee Financial Expert.
This item is inapplicable to a semi-annual report on Form N-CSR.
Item 4. Principal Accountant Fees and Services.
This item is inapplicable to a semi-annual report on Form N-CSR.
Item 5. Audit Committee of Listed Registrants.
(a) This item is inapplicable to a semi-annual report on Form N-CSR.
(b) Not applicable to the Registrant.
Item 6. Investments.
(a) The complete schedule of investments for the Registrant is disclosed in the Registrant’s semi-annual report, which is included in Item 1 of this Form N-CSR.
(b) Not applicable to the Registrant.
Item 7. Financial Statements and Financial Highlights for Open-End Management Investment Companies.
Not applicable to the Registrant.
Item 8. Changes in and Disagreements with Accountants for Open-End Management Investment Companies.
Not applicable to the Registrant.
Item 9. Proxy Disclosure for Open-End Management Investment Companies.
Not applicable to the Registrant.
Item 10. Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.
Not applicable to the Registrant.
Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.
Not applicable.
Item 12. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
This item is inapplicable to a semi-annual report on Form N-CSR.
Item 13. Portfolio Managers of Closed-End Management Investment Companies.
(a) This item is inapplicable to a semi-annual report on Form N-CSR.
(b) There have been no changes in any of the Portfolio Managers since the Registrant’s most recent annual report on Form N-CSR.
Item 14. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
None.
Item 15. Submission of Matters to a Vote of Security Holders.
There have been no material changes to the procedures by which shareholders may recommend nominees to the registrant’s board of directors since the registrant last provided disclosure in response to the requirements of Item 7(d)(2)(ii)(g) of Schedule 14A in its definitive proxy statement dated March 20, 2025.
Item 16. Controls and Procedures.
(a) As of a date within 90 days from the filing date of this report, the principal executive officer and principal financial officer concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940 (the “Act”)) were effective based on their evaluation of the disclosure controls and procedures required by Rule 30a-3(b) under the Act and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934.
(b) There were no changes in registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Act) that occurred during the registrant’s most recent fiscal half-year that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.
Item 17. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.
This item is inapplicable to a semi-annual report on Form N-CSR.
Item 18. Recovery of Erroneously Awarded Compensation.
Not applicable to the Registrant.
Item 19. Exhibits.
(a)(1) Not applicable.
(a)(2) Not applicable.
(a)(3) The certifications of the registrant as required by Rule 30a-2(a) under the Act are exhibits to this report.
(a)(4) Not applicable.
(a)(5) Not applicable.
(b) The certifications of the registrant as required by Rule 30a-2(b) under the Act are an exhibit to this report.
(c) Not applicable
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| CREDIT SUISSE ASSET MANAGEMENT INCOME FUND, INC. |
|---|
| /s/ Omar Tariq |
| Name: Omar Tariq |
| Title: Chief Executive Officer and President |
| (Principal Executive Officer) |
| Date: August 29, 2025 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
| /s/ Omar Tariq |
|---|
| Name: Omar Tariq |
| Title: Chief Executive Officer and President |
| (Principal Executive Officer) |
| Date: August 29, 2025 |
| /s/ Rose Ann Bubloski |
| Name: Rose Ann Bubloski |
| Title: Chief Financial Officer and Treasurer |
| (Principal Financial Officer) |
| Date: August 29, 2025 |
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