Credit Suisse Income Fund Announces Monthly Dividend
- By Julie Young
The Credit Suisse Income Fund (CIK) has announced a monthly dividend of 2.2 cents. The fund is currently trading at $3.34 with a forward dividend yield of 7.90%. The ex-dividend date is July 10 with a payable date of July 18.
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June 15, the fund announced approval for a new credit facility that will allow it to borrow up to one-third of its net asset value. The credit facility is expected to help increase the fund's distributions and total return.
