Avenue Income Credit Strategies Fund (ACP) Receiving Somewhat Favorable Press Coverage, Analysis Shows
Press coverage about Avenue Income Credit Strategies Fund (NYSE:ACP) has been trending somewhat positive on Monday, Accern reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Avenue Income Credit Strategies Fund earned a news impact score of 0.12 on Accern’s scale. Accern also gave news stories about the investment management company an impact score of 45.5700333174123 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Avenue Income Credit Strategies Fund (NYSE:ACP) traded up $0.04 during midday trading on Monday, reaching $14.00. The company’s stock had a trading volume of 33,000 shares, compared to its average volume of 90,078. Avenue Income Credit Strategies Fund has a 1-year low of $12.74 and a 1-year high of $14.93.
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Monday, November 13th will be issued a $0.12 dividend. This represents a $1.44 annualized dividend and a yield of 10.29%. The ex-dividend date is Friday, November 10th.
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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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