Avenue Income Credit Strategies Fund Announces Monthly Dividend of $0.12 (ACP)
Avenue Income Credit Strategies Fund (NYSE:ACP) declared a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Stockholders of record on Thursday, October 12th will be given a dividend of 0.12 per share by the investment management company on Tuesday, October 31st. This represents a $1.44 annualized dividend and a dividend yield of 9.77%. The ex-dividend date is Wednesday, October 11th.
Shares of Avenue Income Credit Strategies Fund (ACP) traded down 0.27% on Tuesday, reaching $14.74. 111,512 shares of the company were exchanged. The firm’s 50 day moving average price is $14.46 and its 200 day moving average price is $14.21. Avenue Income Credit Strategies Fund has a 52 week low of $11.85 and a 52 week high of $14.90.
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About Avenue Income Credit Strategies Fund
Avenue Income Credit Strategies Fund (the Fund) is a non-diversified, closed-end management investment company. The Fund’s primary investment objective is to seek a high level of current income with a secondary objective of capital appreciation. It seeks to achieve its investment objectives by opportunistically investing primarily in loan and debt instruments (and loan-related or debt-related instruments, including repurchase and reverse repurchase agreements and derivative instruments) of issuers that operate in a range of industries and geographic regions.
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