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abrdn Income Credit Strategies Fund reports developments tied to its closed-end income fund structure, including preferred-share distributions, leverage financing, common-share capital activity and shareholder matters. The fund seeks high current income, with capital appreciation as a secondary objective, and invests primarily in debt and loan instruments across industries and geographic regions.
Recurring updates include quarterly declarations on the fund's 5.250% Series A Perpetual Preferred Shares, issuance of mandatorily redeemable preferred shares, refinancing activity, portfolio-investment funding and net asset value considerations for a closed-end fund whose shares trade on an exchange.
abrdn Income Credit Strategies Fund (ACP) is reducing its monthly distribution from $0.0775 to $0.055 per common share, starting with the payment due on September 30, 2026 to shareholders of record on September 22, 2026 (ex-dividend date: September 22, 2026).
The new rate equals an annualized yield of about 12.5% of net asset value as of September 10, 2026. The Fund intends to maintain this level for at least the next 12 months, absent significant and unforeseen market changes. The Board and adviser cite tighter credit spreads and moderated prospective total returns as reasons for the lower payout, saying the change is meant to better align distributions with current portfolio earning power while preserving flexibility to pursue attractive risk-adjusted credit opportunities.
abrdn Income Credit Strategies Fund (ACP) declared a quarterly cash distribution of $0.328125 per share on its 5.250% Series A Perpetual Preferred Shares (ACP PRA).
The dividend is payable on September 30, 2026 to holders of record on September 18, 2026, which is also the ex-dividend date. The Series A Preferred Shares carry an annual dividend rate of $1.3125 per share, are rated A2 by Moody's, were issued at $25.00 per share on May 10, 2021, and pay distributions quarterly.
abrdn Income Credit Strategies Fund (NYSE: ACP PRA) declared a quarterly cash distribution of $0.328125 per Series A Preferred share, payable June 30, 2026, to holders of record on June 18, 2026.
The 5.25% Series A Preferred carries an annual dividend rate of $1.3125 on the original $25 issue price and is rated A2 by Moody's.
Distributions may include income, capital gains, or return of capital; final tax character will be reported on Form 1099-DIV in January 2027.
abrdn Income Credit Strategies Fund (NYSE: ACP PRA) declared a quarterly cash distribution of $0.328125 per Series A perpetual preferred share, payable March 31, 2026, to holders of record March 20, 2026 (ex-dividend March 20, 2026).
The Series A preferred carries an annual dividend rate of $1.3125, was issued May 10, 2021 at $25.00, and is rated A2 by Moody's. Distributions may include income, capital gains, or return of capital. A Form 1099-DIV for 2026 will be sent in January 2027 detailing tax composition.
abrdn Income Credit Strategies Fund (NYSE: ACP) closed a $100 million private offering of Series A Mandatorily Redeemable Preferred Shares on December 18, 2025.
The Series A shares are rated A2 by Moody's and mature on December 18, 2030. Net proceeds will be used primarily to refinance the fund's existing debt and to make new portfolio investments. Current leverage items include a $300 million 364-day syndicated revolving credit facility (currently drawn at $180 million), $100 million Series A mandatorily redeemable preferred, and $40 million 5.25% perpetual preferred shares.
abrdn Income Credit Strategies Fund (NYSE: ACP PRA) declared a quarterly cash distribution of $0.328125 per share on its 5.250% Series A Perpetual Preferred Shares, payable on December 31, 2025 to holders of record on December 19, 2025 (ex-dividend date December 19, 2025).
The Series A preferred carries an annual dividend rate of $1.3125 per share, was issued on May 10, 2021 at $25.00 per share, and is rated A2 by Moody's. Distributions may include income, realized gains, or return of capital; final tax characterization will be reported on Form 1099-DIV in January 2026. Investors are reminded that closed-end fund share prices and NAV fluctuate and past performance is not a guarantee of future results.
abrdn Income Credit Strategies Fund (NYSE: ACP) has announced a quarterly cash distribution of $0.328125 per share for its 5.25% Series A Perpetual Preferred Shares (NYSE: ACP PRA). The dividend will be paid on September 30, 2025, to shareholders of record as of September 22, 2025.
The Series A Preferred Shares, rated "A2" by Moody's, were initially issued on May 10, 2021, at $25.00 per share and provide an annual dividend rate of $1.3125 per share. The distributions may come from various sources, including net realized capital gains and return of capital, with detailed tax information to be provided to shareholders via Form 1099-DIV in January 2026.
abrdn Income Credit Strategies Fund (NYSE: ACP) has announced the implementation of an at-the-market (ATM) equity offering program with an aggregate offering price of up to $75 million. The closed-end fund filed a prospectus supplement with the SEC on August 1, 2025, outlining the program details.
Under the ATM Program, the Fund cannot sell common shares below the current net asset value (NAV). The proceeds from any potential sales are intended for investment purposes. The offering may be conducted through designated agents, underwriters, or dealers, with specific terms to be outlined in the prospectus supplement for each offering.
abrdn Income Credit Strategies Fund has announced a quarterly cash distribution of $0.328125 per share for its 5.250% Series A Perpetual Preferred Shares (NYSE:ACP PRA). The distribution will be paid on March 31, 2025, to shareholders of record as of March 21, 2025.
The Series A Preferred Shares, rated 'A2' by Moody's Investors Service, were initially issued on May 10, 2021, at $25.00 per share and provide an annual dividend rate of $1.3125 per share, paid quarterly. The shares trade on the NYSE under the symbol 'ACP PRA'.
The Fund notes that distributions may come from various sources, including net realized short-term and long-term capital gains and return of capital. Final tax treatment details will be provided to shareholders via Form 1099-DIV in January 2026.