News stories about Avenue Income Credit Strategies Fund (NYSE:ACP) have trended somewhat positive recently, Accern Sentiment reports. The research group rates the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Avenue Income Credit Strategies Fund earned a coverage optimism score of 0.08 on Accern’s scale. Accern also gave news articles about the investment management company an impact score of 45.8977526301981 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Avenue Income Credit Strategies Fund (ACP) traded up $0.02 during mid-day trading on Friday, hitting $14.41. The stock had a trading volume of 124,085 shares, compared to its average volume of 92,482. Avenue Income Credit Strategies Fund has a 52 week low of $13.27 and a 52 week high of $14.93.
The company also recently disclosed a monthly dividend, which was paid on Monday, January 8th. Stockholders of record on Friday, December 29th were given a dividend of $0.12 per share. The ex-dividend date was Thursday, December 28th. This represents a $1.44 annualized dividend and a dividend yield of 9.99%.
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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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