Avenue Income Credit Strategies Fund(NYSE:ACP) Declares Dividend of $0.1200.

Avenue Income Credit Strategies Fund (NYSE:ACP) had declared a cash dividend of $0.1200 on Oct 3, 2016. The shares will quote ex-dividend on Oct 11, 2016 and the record date has been fixed for Oct 13, 2016. On Oct 3, 2016 share price, the yield comes out to be 11.0260%. The dividend payable date has been fixed on Oct 31, 2016.

Avenue Income Credit Strategies Fund (Avenue) is a non-diversified closed-end management investment company. The Fund’s primary investment objective is to seek risk-adjusted returns with high current income and the potential for capital appreciation. It invests primarily in loan and debt instruments such as 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. The Fund’s investment adviser is Avenue Capital Management II L.P.

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