Welcome to our dedicated page for abrdn Income Credit Strategies Fund news (Ticker: ACP), a resource for investors and traders seeking the latest updates and insights on abrdn Income Credit Strategies Fund stock.
abrdn Income Credit Strategies Fund (NYSE: ACP) is a diversified, closed-end management investment company that focuses on generating a high level of current income, with capital appreciation as a secondary objective. The news flow around ACP centers on its portfolio and capital structure decisions, its use of leverage, and actions taken by its board of trustees.
Investors following ACP news will see regular announcements about distributions on the fund’s 5.25% Series A Perpetual Preferred Shares, which trade under the symbol ACP PRA and are rated A2 by Moody’s Investors Service. These releases detail quarterly cash distributions, record dates, ex-dividend dates, and payment dates, as well as information about how distributions may be sourced from ordinary income, realized capital gains, or return of capital.
News items also cover the fund’s capital-raising and leverage activities. For example, ACP has reported an at-the-market equity offering program for its common shares, made under a distribution agreement and related prospectus supplement, and has announced a private offering of Series A Mandatorily Redeemable Preferred Shares. Such updates describe how proceeds may be used for refinancing existing debt and making new portfolio investments, and they outline key terms of the fund’s leverage, including credit facilities and preferred share structures.
Regulatory and strategic updates appear in press releases and related SEC filings. These include changes to the fund’s non-fundamental investment strategy regarding investments in defaulted credit obligations, as approved by the board and disclosed in a Form 8-K. Together, these news items provide insight into how the fund’s advisers manage income generation, risk, and capital structure within the closed-end fund framework.
For investors and analysts, ACP news offers ongoing information about distributions, preferred share activity, leverage, and strategy adjustments. Monitoring this stream of announcements can help users understand how the fund is implementing its stated objectives and responding to market and portfolio conditions over time.
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.
abrdn Emerging Markets ex-China Fund (AEF) has completed its cash tender offer, purchasing 10,150,355 shares (20% of outstanding shares) at $6.07 per share, representing 98% of NAV as of February 21, 2025. The tender was oversubscribed with 72.4% of shares tendered, resulting in a proration ratio of approximately 0.27624999.
Following the purchase, AEF will have 40,601,423 outstanding shares. Effective February 24, 2025, the Fund has implemented a new investment strategy, requiring at least 80% of net assets to be invested in emerging markets equity securities, excluding China.
The Board has committed to conduct another 20% tender offer by June 30, 2028, if the Fund's NAV-based total return performance does not match or exceed the MSCI Emerging Markets ex-China Index between March 1, 2025, and February 28, 2028.
abrdn U.S. Closed-End Funds (NYSE:ASGI, THQ) announced their latest distribution payments on January 31, 2025. ASGI (abrdn Global Infrastructure Income Fund) distributed $0.2000 per share, while THQ (abrdn Healthcare Opportunities Fund) distributed $0.1800 per share to shareholders of record as of January 24, 2025.
The funds' performance metrics show that ASGI achieved a 7.36% average annual total return on NAV for the 5-year period ending December 31, 2024, with a current fiscal period's annualized distribution rate of 12.60%. THQ reported a 6.73% average annual total return with a 10.84% annualized distribution rate.
For ASGI's current distribution, approximately 4% came from net investment income, 1% from short-term gains, 41% from long-term gains, and 54% from return of capital. THQ's distribution was entirely (100%) from long-term gains. Both funds maintain distribution policies aimed at providing stable income through current earnings, realized capital gains, and paid-in capital when necessary.
abrdn Asia-Pacific Income Fund VCC (TSX:FAP) has announced its 2025 voluntary cash redemption details and a special shareholder meeting proposal. The redemption date is set for March 31, 2025, allowing shareholders to redeem shares at 100% of the Average NAV of the three trading days preceding the redemption date, minus direct costs (expected below 1%).
The company will hold a Special Meeting on March 7, 2025, where shareholders will vote on amendments to eliminate the current 10% cap on annual redemptions, potentially allowing up to 100% redemption starting 2026. Additionally, the amendments would give the board discretion to terminate the company if deemed economically impractical to continue.
Key dates include: February 3-March 10, 2025 for share tendering, March 26-28, 2025 for redemption price determination, March 31, 2025 as redemption date, and April 17, 2025 for redemption proceeds payment.
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 December 31, 2024, to shareholders of record as of December 20, 2024. 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.
Distributions may come from various sources including ordinary income, capital gains, and return of capital. Shareholders will receive Form 1099-DIV in January 2025 detailing the tax treatment of these distributions for the 2024 calendar year.
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