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 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.
Aberdeen Income Credit Strategies Fund (NYSE: ACP) announced a monthly distribution of $0.12 per share, payable on August 31, 2020. Shareholders of record as of August 21, 2020 will receive this distribution, with the ex-dividend date set for August 20, 2020. A Form 1099-DIV will be sent in January 2021 detailing the amount and tax treatment of the distributions for 2020. The Fund is managed by Aberdeen Asset Managers Limited, and its shares are subject to market fluctuations.