Avenue Income Credit Strategies Fund July Monthly Dividend

NEW YORK, May 1, 2013 /PRNewswire/ -- Avenue Income Credit Strategies Fund (NYSE: ACP), a closed-end management investment company, declared on this date, May 1, 2013, a monthly dividend of  $0.12  per share of Common Stock, payable July 31, 2013 to shareholders of record at the close of business on July 15, 2013.  Ex-date will be July 11, 2013.

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 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 Capital Management II, L.P.

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