Avenue Income Credit Strategies Fund (NYSE:ACP) announced a monthly dividend on Monday, December 4th, Wall Street Journal reports. Stockholders of record on Monday, December 11th will be given a dividend of 0.12 per share by the investment management company on Monday, December 18th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 10.32%. The ex-dividend date is Friday, December 8th.
Shares of Avenue Income Credit Strategies Fund (ACP) opened at $13.95 on Thursday. Avenue Income Credit Strategies Fund has a 52-week low of $13.12 and a 52-week high of $14.93.
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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