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

Rhea-AI Summary

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.

Positive

• Quarterly dividend of $0.328125 per Series A Preferred share
• Annual dividend rate of $1.3125 per share on $25 liquidation preference
• Series A Preferred shares carry an A2 rating from Moody's

Negative

• Distributions may include return of capital, affecting tax treatment and cost basis
• Fund share prices and principal value can fluctuate on secondary markets
• Closed-end fund shares may trade at a premium or discount to NAV
• No assurance the fund will achieve its stated investment objective

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PHILADELPHIA, June 8, 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 June 30, 2026, to holders of Series A Preferred Shares of record on June 18, 2026 (ex-dividend date June 18, 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 abrdn Income Credit Strategies Fund 5.25% Series A Perpetual Preferred Shares

FAQ

What quarterly dividend did abrdn Income Credit Strategies Fund (NYSE: ACP PRA) declare for June 2026?

The fund declared a quarterly dividend of $0.328125 per Series A Preferred share. According to abrdn Income Credit Strategies Fund, it will be paid on June 30, 2026, to shareholders of record as of June 18, 2026.

What is the annual dividend rate on abrdn Income Credit Strategies Fund Series A Preferred (ACP PRA)?

The Series A Preferred pays an annual dividend rate of $1.3125 per share. According to abrdn Income Credit Strategies Fund, these shares were issued at $25.00 each and pay distributions on a quarterly schedule.

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

The record date and ex-dividend date are both June 18, 2026. According to abrdn Income Credit Strategies Fund, shareholders holding Series A Preferred on that date qualify for the June 30, 2026 dividend payment.

How might ACP PRA distributions from abrdn Income Credit Strategies Fund be taxed for 2026?

Distributions may come from income, capital gains, or return of capital. According to abrdn Income Credit Strategies Fund, the final tax character will be detailed on Form 1099-DIV sent to shareholders in January 2027.

What Moody's rating do the abrdn Income Credit Strategies Fund Series A Preferred (ACP PRA) shares have?

The Series A Preferred shares are rated A2 by Moody's Investors Service. According to abrdn Income Credit Strategies Fund, these preferred shares trade on the NYSE under the symbol ACP PRA and pay quarterly dividends.

Can ACP PRA closed-end fund shares trade away from their net asset value?

Yes, ACP PRA closed-end fund shares can trade at a premium or discount to NAV. According to abrdn Income Credit Strategies Fund, investment return and principal value fluctuate, so market prices may differ from underlying portfolio value.