News stories about Avenue Income Credit Strategies Fund (NYSE:ACP) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Avenue Income Credit Strategies Fund earned a news impact score of 0.07 on Accern’s scale. Accern also gave media coverage about the investment management company an impact score of 46.682415956705 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Avenue Income Credit Strategies Fund (NYSE:ACP) traded up $0.02 during trading hours on Friday, hitting $14.41. 124,085 shares of the stock were exchanged, compared to its average volume of 92,482. Avenue Income Credit Strategies Fund has a 12 month low of $13.27 and a 12 month high of $14.93.
The business also recently announced a monthly dividend, which was paid on Monday, January 8th. Investors of record on Friday, December 29th were paid a dividend of $0.12 per share. This represents a $1.44 annualized dividend and a yield of 9.99%. The ex-dividend date of this dividend was Thursday, December 28th.
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Avenue Income Credit Strategies Fund Company Profile
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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