Avenue Income Credit Strategies Fund announced that effective shortly prior to the transition, and following the resignation by Joel Citron, Julie Dien Ledoux, and Darren Thompson, three of the Fund's current Trustees, the three new elected Trustees will take office. Randolph Takian, who is currently a Trustee, will remain on the Board. The new composition of the Board that will be in effect upon the transition will be John Sievwright, Nisha Kumar, P. Gerald Malone and Randolph Takian.