NEW YORK, March 7, 2011 /PRNewswire/ -- Avenue Income Credit Strategies Fund (NYSE : ACP ), a closed-end management investment company, declared on this date, March 7, 2011, a monthly dividend of $0.13 per share of Common Stock, payable April 29, 2011 to shareholders of record at the close of business on April 15, 2011. Ex-date will be April 13, 2011.
The Fund has now invested 99% of the capital it has raised. The closing price of the Fund's stock today was $20.01.
For more information please call: 1-877-525-7330.
The amount of dividends paid by the Fund may vary from time to time. Past amounts of dividends are no guarantee of future dividend amounts.
The final determination of the source and tax characteristics of all distributions in 2011 will be made after end of the year.
Investing involves risk and it is possible to lose money on any investment in the Fund.
The Fund's investment adviser is Avenue Capital Management II, L.P., and the Fund's subadviser is Avenue Europe International Management, L.P., both entities are part of Avenue Capital Group.
SOURCE Avenue Income Credit Strategies Fund