Avenue Income Credit Strategies Fund (NYSE:ACP) declared a monthly dividend on Wednesday, August 2nd, Wall Street Journal reports. Shareholders of record on Friday, August 11th will be given a dividend of 0.12 per share by the investment management company on Thursday, August 31st. This represents a $1.44 dividend on an annualized basis and a yield of 10.12%. The ex-dividend date is Wednesday, August 9th.
Avenue Income Credit Strategies Fund (ACP) opened at 14.23 on Friday. The firm has a 50-day moving average price of $14.22 and a 200-day moving average price of $14.11. Avenue Income Credit Strategies Fund has a 52-week low of $11.85 and a 52-week high of $14.82.
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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