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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
August 1, 2025 (August 1, 2025)
abrdn Income Credit Strategies Fund
(Exact name of registrant as specified in its
charter)
| Delaware |
|
811-22485 |
|
80-0660749 |
|
(State or other jurisdiction
of incorporation) |
|
(Commission
File Number) |
|
(IRS Employer
Identification No.) |
| |
|
|
1900 Market Street, Suite 200
Philadelphia, PA |
|
19103 |
| (Address of principal executive offices) |
|
(Zip Code) |
Registrants telephone number, including area
code (800)-522-5465
(Former name or former address, if changed since
last report.)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ¨ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class |
Trading Symbol(s) |
Name of each exchange on which
registered |
| Common Shares of Beneficial Interest |
ACP |
New York Stock Exchange |
| 5.250% Series A Perpetual Preferred Shares (Liquidation Preference $25.00) |
ACP PRA |
New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange
Act of 1934 (§240.12b-2 of this chapter).
¨ Emerging
growth company
If an emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying with new or revised financial accounting standards provided pursuant
to Section 13(a) of the Exchange Act. ¨
On September 9, 2025 the Board of Directors
(the “Board”) of abrdn Income Credit Strategies Fund (the “Fund”) approved a change in the Fund’s non-fundamental
investment strategy relating to investments in defaulted credit obligations as set forth below, effective November 10, 2025 (the “Effective
Date”).
| Current |
New |
| “The Fund will not invest in credit obligations or related instruments that, at the time of investment, are in default. The Fund may invest in credit obligations or related instruments that, at the time of investment, are likely to default.” |
“The
Fund may invest in credit obligations or related instruments that, at the time of investment, are likely to default.
Additionally, the Fund may invest up to 5% of its portfolio in credit obligations or related instruments that, at the time of investment,
are in default.” |
A summary of the Fund’s investment objectives,
strategies, policies and risks, inclusive of the amendments as of the Effective Date, is attached hereto as Exhibit 99.1.
| Item 9.01 |
Financial Statements and Exhibits. |
| |
99.1 |
Investment Objectives, Strategies Policies and Risks |
SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| |
abrdn Income Credit Strategies Fund |
| |
|
|
| Date: September 11, 2025 |
By: |
/s/ Lucia Sitar |
| |
Name: |
Lucia Sitar |
| |
Title: |
Vice President |
