Every 8-K that abrdn Income Credit Strategies Fund (ACP) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow ACP and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ACP filings page.
abrdn Income Credit Strategies Fund issued and sold 4,000,000 Series A Mandatorily Redeemable Preferred Shares, each with a $25.00 liquidation preference, for total gross proceeds of $100 million. These preferred shares are due on December 18, 2030 and were sold in a private offering exempt from registration under Rule 506(c) of the Securities Act. The fund also adopted a Statement of Preferences that formally sets the rights and preferences of these Series A preferred shares and authorizes the 4,000,000-share series.
abrdn Income Credit Strategies Fund is updating its investment strategy for defaulted credit obligations. On September 9, 2025, the Board approved a change to the Fund’s non-fundamental investment strategy, effective November 10, 2025. Previously, the Fund would not invest in credit obligations or related instruments that were in default at the time of investment. Under the new approach, the Fund may continue to invest in credit obligations or related instruments that are likely to default and may also invest up to 5% of its portfolio in credit obligations or related instruments that are already in default at the time of investment.
A revised summary of the Fund’s objectives, strategies, policies and risks reflecting this change will be provided in an attached exhibit as of the effective date.