13D Filing: Saba Capital and Credit Suisse Asset Management Income Fund Inc (CIK)

Page 4 of 6 – SEC Filing


CUSIP No. 224916106 SCHEDULE 13D/A Page 4 of 6 Pages

     This Amendment No. 2 amends and supplements the
statement on Schedule 13D filed with the Securities and Exchange Commission (the
“SEC”) on February 14, 2017 (the “Original Schedule 13D”). With respect to the
shares (“Shares”) of common stock, par value $0.001 per share, of Credit Suisse
Asset Management Income Fund, Inc.(the “Issuer”). This Amendment No. 2 amends
Items 3 and 5 as set forth below.

            Item
3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION

            Funds
for the purchase of the Common Shares were derived from the subscription
proceeds from investors in SCMF, SCMF II, SCLMF, SCS, SCEF 1 and SCEF 2 and the
capital appreciation thereon and margin account borrowings made in the ordinary
course of business. In such instances, the positions held in the margin accounts
are pledged as collateral security for the repayment of debit balances in the
account, which may exist from time to time. Since other securities are held in
the margin accounts, it is not possible to determine the amounts, if any, of
margin used to purchase the Common Shares reported herein. A total of
$16,134,247 was paid to acquire the Common Shares reported herein.

            Item
5. Interest in Securities of the Issuer

(a)

See rows (11) and (13) of the cover pages to this
Schedule 13D/A for the aggregate number of Shares and percentages of the
Shares beneficially owned by each of the Reporting Persons. The
percentages used herein are calculated based upon 52,291,765 shares of
common stock outstanding as of 3/10/2017, as disclosed in the company’s
Certified Shareholder Report Form DEF 14A filed 3/13/2017.

(b)

See rows (7) through (10) of the cover pages to this
Schedule 13D/A for the number of Shares as to which each Reporting Person
has the sole or shared power to vote or direct the vote and sole or shared
power to dispose or to direct the disposition.

(c)

The transactions in the Shares effected in the last sixty
days by Saba Capital on behalf of the Saba Entities, which were all in the
open market, are set forth in Schedule A, and are incorporated herein by
reference.

(d)

No person other than the Reporting Persons and the Saba
Entities is known to have the right to receive, or the power to direct the
receipt of dividends from, or proceeds from the sale of, such
Shares.

(e)

Not applicable.

Follow Credit Suisse Asset Management Income Fund Inc (NYSEMKT:CIK)