SCHEDULE: First Trust Entities Disclose 21.83% Stake in Credit Suisse Income Fund

First Trust Portfolios L.P., First Trust Advisors L.P., and The Charger Corporation jointly reported a 21.83% beneficial ownership stake in Credit Suisse Asset Management Income Fund, Inc. as of September 30, 2025.

Summary

• First Trust Portfolios L.P., First Trust Advisors L.P., and The Charger Corporation jointly filed an Amendment No. 27 to Schedule 13G.
• The filing reports beneficial ownership of 11,970,774 common shares of Credit Suisse Asset Management Income Fund, Inc.
• This represents 21.83% of the issuer's common stock.
• The shares are primarily held by unit investment trusts sponsored by First Trust Portfolios L.P. and other investment vehicles advised by First Trust Advisors L.P.
• The reporting persons disclaim beneficial ownership of these shares.
• The shares are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: The filing is a routine regulatory disclosure of beneficial ownership and does not contain information that would significantly alter the sentiment towards the issuer, as the stake is passive and held in the ordinary course of business.

Positives

• Significant institutional ownership by First Trust entities, indicating a substantial, long-term investment in the fund.
• The stake is held in the ordinary course of business and not for control purposes, suggesting a stable, passive investment.

Negatives

• No direct negatives are indicated in this passive ownership disclosure.

Risks

• The reporting persons disclaim beneficial ownership of the shares, indicating a lack of direct control over voting or disposition decisions.
• Voting power for the shares is primarily held by the trustee of the unit investment trusts, not directly by the reporting persons, which limits their ability to influence corporate actions.

Future Outlook

This filing is a disclosure of current beneficial ownership and does not contain forward-looking statements or guidance regarding the issuer's future performance or strategy.

Management Comments

• The securities were acquired and are held in the ordinary course of business and not for the purpose of or with the effect of changing or influencing the control of the issuer.

Industry Context

This filing represents a routine disclosure of a significant passive institutional stake in a closed-end investment fund. Such filings are common for asset managers holding substantial positions across various investment vehicles, reflecting their role in managing diversified portfolios for clients rather than pursuing activist control.

Comparison to Industry Standards

• This Schedule 13G filing is a standard regulatory disclosure for reporting beneficial ownership exceeding 5% by passive investors.
• The reported stake of 21.83% is substantial for a single entity group, though the disclaimer of beneficial ownership by the reporting persons themselves, with voting power residing with trustees of unit investment trusts, aligns with typical structures for large asset managers like First Trust.

Related Party Transactions

• The Charger Corporation is the General Partner of both First Trust Portfolios L.P. and First Trust Advisors L.P., establishing a control relationship among the reporting entities.
• First Trust Portfolios L.P. acts as sponsor of unit investment trusts that hold the issuer's shares, while First Trust Advisors L.P. serves as portfolio supervisor for these trusts and investment advisor/sub-advisor for other vehicles holding the shares.

Stakeholder Impact

• Shareholders gain increased transparency regarding a significant institutional holder, which may contribute to market stability.
• Management is aware of a substantial, passive institutional investor, which typically implies a stable long-term shareholder base.

Next Steps

• Future amendments to Schedule 13G will be filed if there are material changes to the beneficial ownership reported by the First Trust entities.

Key Dates

Recommendation

This filing is a routine disclosure of a passive institutional ownership stake and does not provide new information that would warrant a change in investment recommendation for Credit Suisse Asset Management Income Fund, Inc. The stake is held in the ordinary course of business and not for control purposes.

Keywords

Credit Suisse Asset Management Income Fund, First Trust Portfolios, First Trust Advisors, The Charger Corporation, Schedule 13G, beneficial ownership, investment fund, closed-end fund, institutional ownership, asset management