Avenue Income Credit Strategies Fund (ACP) Getting Somewhat Positive Media Coverage, Report Shows
Media coverage about Avenue Income Credit Strategies Fund (NYSE:ACP) has trended somewhat positive on Monday, Accern reports. The research firm rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public 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 media sentiment score of 0.21 on Accern’s scale. Accern also assigned media headlines about the investment management company an impact score of 46.0058114312921 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Shares of Avenue Income Credit Strategies Fund (ACP) traded up 0.42% on Monday, hitting $14.40. The stock had a trading volume of 67,075 shares. Avenue Income Credit Strategies Fund has a one year low of $11.85 and a one year high of $14.82. The company’s 50 day moving average is $14.33 and its 200 day moving average is $14.12.
The business also recently disclosed a monthly dividend, which will be paid on Thursday, August 31st. Investors of record on Friday, August 11th will be given a dividend of $0.12 per share. This represents a $1.44 dividend on an annualized basis and a yield of 10.00%. The ex-dividend date of this dividend is Wednesday, August 9th.
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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