Avenue Income Credit Strategies Fund

Avenue Income Credit Strategies Fund (which receives advice from Avenue Capital Management II, L.P., part of Avenue Capital Group) at the beginning of this month declared a monthly dividend of  $0.12  per share of Common Stock.  This was payable to shareholders of record at the close of business, March 11.

There may be a fluctuation in the amount of dividends the Fund will pay.  In other words, what has been paid in the past is not necessarily going to be set in stone for the future amounts.  Tax characteristics of all 2016 distributions will be the ultimate determination of the source; this will be determined at the end of the year.