Avenue Income Credit Strategies Fund (ACP) Earns Media Impact Rating of 0.14
Media coverage about Avenue Income Credit Strategies Fund (NYSE:ACP) has been trending somewhat positive on Tuesday, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Avenue Income Credit Strategies Fund earned a news impact score of 0.14 on Accern’s scale. Accern also gave news headlines about the investment management company an impact score of 46.7072579287057 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Shares of Avenue Income Credit Strategies Fund (ACP) traded down 0.27% during mid-day trading on Tuesday, reaching $14.74. 111,512 shares of the company traded hands. Avenue Income Credit Strategies Fund has a 52-week low of $11.85 and a 52-week high of $14.90. The firm’s 50 day moving average price is $14.46 and its 200-day moving average price is $14.21.
The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Thursday, October 12th will be given a $0.12 dividend. The ex-dividend date is Wednesday, October 11th. This represents a $1.44 annualized dividend and a yield of 9.77%.
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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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