Press coverage about Avenue Income Credit Strategies Fund (NYSE:ACP) has been trending somewhat positive recently, according to Accern. The research firm identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Avenue Income Credit Strategies Fund earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news articles about the investment management company an impact score of 45.1452373420986 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Avenue Income Credit Strategies Fund (ACP) traded down $0.05 during trading on Friday, hitting $14.03. The company’s stock had a trading volume of 75,960 shares, compared to its average volume of 90,425. Avenue Income Credit Strategies Fund has a twelve month low of $13.27 and a twelve month high of $14.93.
The company also recently declared a monthly dividend, which will be paid on Monday, January 8th. Stockholders of record on Friday, December 29th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 10.26%.
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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