Avenue Income Credit Strategies Fund (NYSE:ACP) declared a monthly dividend on Thursday, December 21st, Wall Street Journal reports. Shareholders of record on Friday, December 29th will be paid a dividend of 0.12 per share by the investment management company on Monday, January 8th. This represents a $1.44 annualized dividend and a yield of 9.99%. The ex-dividend date is Thursday, December 28th.
Avenue Income Credit Strategies Fund has decreased its dividend by an average of 1.5% annually over the last three years.
Shares of Avenue Income Credit Strategies Fund (ACP) opened at $14.41 on Friday. Avenue Income Credit Strategies Fund has a 52 week low of $13.27 and a 52 week high of $14.93.
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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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