Avenue Income Credit Strategies Fund Special Year End Distribution And January Monthly Dividend

News provided by

Avenue Income Credit Strategies Fund

Dec 19, 2014, 04:37 ET

NEW YORK, Dec. 19, 2014 /PRNewswire/ -- Avenue Income Credit Strategies Fund (NYSE: ACP), a closed-end management investment company, declared on this date, December 19, 2014, a distribution of $0.266 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 $0.146 per share, which dividend satisfies annual distribution requirements), a distribution of $0.2582 per share of Common Stock from capital gains(which includes a distribution of $0.088 per share from short-term capital gains, and a distribution of $0.1702 per share from long-term capital gains), each payable on January 14, 2015 to shareholders of record at the close of business on December 31, 2014. The ex-dividend date for each distribution will be December 29, 2014.

Avenue Capital Group has invested in the public and private debt and equity securities of distressed companies across a variety of industries since 1995. Headquartered in New York with multiple offices in Europe and Asia, Avenue pursues its value-oriented strategy with skilled investment professionals. Find out more at: www.avenuecapital.com.

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 16, 2014 and the final determination of the source and tax characteristics of all distributions in 2014 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.

Logo - http://photos.prnewswire.com/prnh/20140424/78257

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/avenue-income-credit-strategies-fund-special-year-end-distribution-and-january-monthly-dividend-300012725.html

SOURCE Avenue Income Credit Strategies Fund