abrdn Income Credit Strategies Fund 5.25% Series A Perpetual Preferred Shares Declare Quarterly Dividend

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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.

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PHILADELPHIA, March 10, 2026 /PRNewswire/ -- The Board of Trustees of abrdn Income Credit Strategies Fund (the "Fund"), has declared a cash distribution of $0.328125 per share of the Fund's 5.250% Series A Perpetual Preferred Shares (NYSE: ACP PRA) ("Series A Preferred Shares"). The distribution is payable on March 31, 2026, to holders of Series A Preferred Shares of record on March 20, 2026 (ex-dividend date March 20, 2026).

The Series A Preferred Shares trade on the NYSE under the symbol "ACP PRA", are rated "A2" by Moody's Investors Service and have an annual dividend rate of $1.3125 per share. The Series A Preferred Shares were issued on May 10, 2021, at $25.00 per share and pay distributions quarterly.

Distributions may be paid from sources of income other than ordinary income, such as net realized short-term capital gains, net realized long-term capital gains and return of capital. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. In January 2027, a Form 1099-DIV will be sent to shareholders, which will state the amount and composition of distributions and provide information with respect to their appropriate tax treatment for the 2026 calendar year.

You should not draw any conclusions about the Fund's investment performance from the amount of this distribution. 

Aberdeen Investments Global is the trade name of Aberdeen's investments business, herein referred to as "Aberdeen Investments" or "Aberdeen". In the United States, Aberdeen Investments refers to the following affiliated, registered investment advisers: abrdn Inc., abrdn Investments Limited, and abrdn Asia Limited.

Closed-end funds are traded on the secondary market through one of the stock exchanges. A Fund's investment return and principal value will fluctuate so that an investor's shares may be worth more or less than the original cost. Shares of closed-end funds may trade above (a premium) or below (a discount) the net asset value (NAV) of the fund's portfolio. There is no assurance that a Fund will achieve its investment objective. Past performance does not guarantee future results.

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SOURCE Aberdeen Investments U.S. Closed End Funds

FAQ

What is the March 2026 dividend for abrdn Income Credit Strategies Fund Series A preferred (ACP PRA)?

The March 2026 dividend is $0.328125 per Series A preferred share payable March 31, 2026. According to the company, holders of record on March 20, 2026 (ex-dividend March 20) will receive the distribution.

When is the ex-dividend and record date for ACP PRA March 2026 distribution?

The ex-dividend and record date for the March 2026 distribution is March 20, 2026, with payment on March 31, 2026. According to the company, shareholders of record on March 20 will be eligible for the cash distribution.

What is the annual dividend rate and Moody's rating for ACP PRA preferred shares?

ACP PRA has an annual dividend rate of $1.3125 per share and a Moody's rating of A2. According to the company, these terms apply to the Series A perpetual preferred issued May 10, 2021.

How will the ACP PRA dividend be reported for tax purposes for 2026 shareholders?

A Form 1099-DIV will be mailed in January 2027 stating the amount and composition of 2026 distributions for tax reporting. According to the company, distributions may include income, capital gains, or return of capital.

When were the Series A preferred shares of abrdn Income Credit Strategies Fund issued and at what price (ACP PRA)?

The Series A preferred shares were issued on May 10, 2021 at an issuance price of $25.00 per share. According to the company, these shares pay quarterly distributions and trade under the symbol ACP PRA on NYSE.