other material
confidence high
sentiment neutral
materiality 0.60
CIK's investment manager becomes UBS unit after CS merger; interim agreement and SEC waiver obtained
CREDIT SUISSE ASSET MANAGEMENT INCOME FUND, INC.
- CS Group merged into UBS Group on June 12, 2023; Credit Suisse now indirect UBS subsidiary.
- Board approved interim investment advisory agreement for up to 150 days from closing.
- SEC granted temporary waiver under Section 9(a) effective June 12, 2023, due to affiliate consent judgment.
- Credit Suisse seeks time-limited exemption (12 months) and permanent exemption for UBS; final action pending.
- No immediate changes to strategies or portfolio managers; services expected to transfer to UBS within one year.