|By PR Newswire||
|December 23, 2013 11:44 AM EST||
NEW YORK, Dec. 23, 2013 /PRNewswire/ -- Avenue Income Credit Strategies Fund (NYSE: ACP), a closed-end management investment company, declared on this date, December 20, 2013, a distribution of $0.22 per share of Common Stock from net investment income (which includes a monthly dividend of $0.12 per share for January and a special dividend of $0.10 per share, which dividend satisfies annual distribution requirements) and a special distribution of $0.069 per share of Common Stock from short-term capital gains, each payable on January 14, 2014 to shareholders of record at the close of business on December 31, 2013. The ex-dividend date for each distribution will be December 27, 2013.
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 sources of the distributions noted above are estimates as of December 20, 2013 and the final determination of the source and tax characteristics of all distributions in 2013 will be made after the 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., part of Avenue Capital Group.
SOURCE Avenue Income Credit Strategies Fund