News coverage about Aberdeen Income Credit Strategies Fund (NYSE:ACP) has been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Aberdeen Income Credit Strategies Fund earned a news impact score of 0.14 on Accern’s scale. Accern also assigned media stories about the investment management company an impact score of 44.303176123874 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Aberdeen Income Credit Strategies Fund (NYSE ACP) traded down $0.01 on Monday, reaching $14.22. The company had a trading volume of 20,815 shares, compared to its average volume of 69,609. Aberdeen Income Credit Strategies Fund has a 12 month low of $13.27 and a 12 month high of $14.93.
The firm also recently announced a monthly dividend, which was paid on Monday, January 8th. Shareholders of record on Friday, December 29th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $1.44 annualized dividend and a dividend yield of 10.13%.
In other Aberdeen Income Credit Strategies Fund news, Director John P. Sievwright bought 5,000 shares of the company’s stock in a transaction on Friday, January 12th. The stock was acquired at an average price of $14.39 per share, for a total transaction of $71,950.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
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Aberdeen Income Credit Strategies Fund Company Profile
Aberdeen Income Credit Strategies Fund ( The Fund), formerly Avenue Income Credit Strategies 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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