Avenue Income Credit Strategies Fund (ACP) Declares Monthly Dividend of $0.12
Avenue Income Credit Strategies Fund (NYSE:ACP) announced a monthly dividend on Thursday, November 2nd, Wall Street Journal reports. Investors of record on Monday, November 13th will be given a dividend of 0.12 per share by the investment management company on Thursday, November 30th. This represents a $1.44 dividend on an annualized basis and a yield of 9.85%. The ex-dividend date is Friday, November 10th.
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Avenue Income Credit Strategies Fund Company Profile
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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