Avenue Income Credit Strategies Fund (NYSE:ACP) declared a monthly dividend on Monday, December 4th, Wall Street Journal reports. Investors of record on Monday, December 11th will be paid a dividend of 0.12 per share by the investment management company on Monday, December 18th. This represents a $1.44 annualized dividend and a yield of 10.48%. The ex-dividend date of this dividend is Friday, December 8th.
Shares of Avenue Income Credit Strategies Fund (NYSE:ACP) traded up $0.06 during mid-day trading on Monday, reaching $13.74. 73,500 shares of the company traded hands, compared to its average volume of 90,131. Avenue Income Credit Strategies Fund has a 12 month low of $12.86 and a 12 month high of $14.93.
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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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