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. 3 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”). As amended by Amendment No. 1
and Amendment No. 2 both filed on August 18, 2017. 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. 3 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 $13,903,725 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 6/30/2017, as disclosed in the company’s
Certified Shareholder Report Form N- CSRS filed 8/24/2017.

(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 since the filing
of the Schedule 13D/A Amendment 2 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.

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