Every material Form 8-K UBS ASSET MANAGEMENT INCOME FUND, INC. has filed with the SEC since December 13, 2023, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
In a Form 8-K filed June 21, 2024, the fund reports that Ernst & Young LLP was engaged as its independent registered public accounting firm, effective June 19, 2024, for the fiscal year ending December 31, 2024. The Board approved the engagement on the recommendation of its Audit Committee. The filing states that the fund did not consult EY on accounting or audit matters, disagreements, or reportable events during the two most recent fiscal years or through June 19, 2024.
Ernst & Young LLP engaged effective June 19, 2024, for the fiscal year ending December 31, 2024
Board of Directors approved the engagement on the recommendation of the Audit Committee
Filing states no disagreements or reportable events with EY for fiscal years 2022 and 2023 or through June 19, 2024
Body of the filing names the registrant Credit Suisse Asset Management Income Fund, Inc.; signed by Omar Tariq, CEO and President, on June 21, 2024
The fund's board approved dismissing PricewaterhouseCoopers as its independent auditor on April 23, 2024, because PwC will cease to be independent with respect to the fund after April 30, 2024. The filing also reports that on May 1, 2024, Credit Suisse Asset Management, LLC merged into UBS Asset Management (Americas) LLC, which became the fund's investment manager.
Board approved PwC dismissal on April 23, 2024, on Audit Committee recommendation
PwC's reports for fiscal 2023 and 2022 had no adverse opinion, disclaimer, or qualification
No disagreements with PwC or reportable events in the two most recent fiscal years or through April 30, 2024
On May 1, 2024, UBS Asset Management (Americas) LLC became the investment manager after the merger
On December 13, 2023, the SEC entered an administrative cease-and-desist order against Credit Suisse and certain affiliates, which consented without admitting or denying the findings. The SEC alleged that Credit Suisse acted as the Fund's investment adviser from October 24, 2022 to June 7, 2023 in violation of Section 9(a) of the Investment Company Act of 1940, and the Consent Judgment that triggered the issue did not involve the Fund. Shareholders should note that the Fund's advisory services remain with Credit Suisse until June 12, 2024, when they are expected to move to UBS-registered advisers.
SEC order entered December 13, 2023; Credit Suisse consented without admitting or denying findings
SEC alleges Credit Suisse advised the Fund in violation of Section 9(a) from October 24, 2022 to June 7, 2023
Credit Suisse and affiliates agreed to pay disgorgement, prejudgment interest and civil penalties totaling $10,080,220
Temporary exemption allows Credit Suisse to provide services to the Fund until June 12, 2024
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every UBS ASSET MANAGEMENT INCOME FUND, INC. filing is on SEC EDGAR ↗. 8-K briefs of other companies →