[Form 3] abrdn Income Credit Strategies Fund Initial Statement of Beneficial Ownership

Rhea-AI Filing Summary

Form 3 filing for abrdn Income Credit Strategies Fund (ACP) reports that Todd Reit, listed at an abrdn address in Philadelphia, is a director and filed an initial Section 16 statement on 09/09/2025. The form states no securities are beneficially owned by the reporting person and includes Exhibit 24 (Power of Attorney). The filing was signed by Robert Stieger by POA on 09/15/2025. This is a routine disclosure indicating the reporting person does not currently hold reportable equity in the issuer.

Insights

Corporate Governance Expert

TL;DR: Routine initial Form 3 showing a director holds no reportable equity; no immediate governance concerns.

The filing documents an initial Section 16 report for a director of abrdn Income Credit Strategies Fund (ACP) and expressly states that the reporting person does not beneficially own any securities of the issuer. This is a standard administrative disclosure often filed when an individual becomes an insider but holds no equity. The presence of Exhibit 24 indicates a Power of Attorney was used to submit the form, which is common practice for institutional filers. No governance changes, share issuances, or conflicts are disclosed here.

Securities Compliance Analyst

TL;DR: Compliance filing is complete and routine; absence of holdings simplifies Section 16 reporting obligations.

The Form 3 is an initial statement under Section 16(a) showing the reporting person is a director and that there are no reportable holdings to disclose. With no beneficial ownership, there are no immediate Section 16 short-swing profit concerns or required subsequent transaction reporting tied to this filing. The filing is signed via Power of Attorney, dated 09/15/2025, and appears procedurally correct. There are no material securities transactions or balances to assess.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Reit Todd

(Last) (First) (Middle)

C/O ABRDN

1900 MARKET STREET, SUITE 200

(Street)

PHILADELPHIA PA 19103

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
09/09/2025

3. Issuer Name and Ticker or Trading Symbol
abrdn Income Credit Strategies Fund [ ACP ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney

No securities are beneficially owned.

	/s/ Robert Stieger by POA from Reporting Person	09/15/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What does the Form 3 filed for ACP on 09/09/2025 indicate?

The Form 3 shows that the reporting person, Todd Reit, is a director of ACP and does not beneficially own any securities of the issuer as of the reported date.

Who signed the Form 3 for abrdn Income Credit Strategies Fund (ACP)?

The Form 3 was signed by Robert Stieger by power of attorney on behalf of the reporting person on 09/15/2025.

Does this Form 3 report any securities transactions or holdings for ACP (symbol ACP)?

No. The filing explicitly states No securities are beneficially owned, and there are no transactions or holdings listed.

Is a Power of Attorney referenced in the ACP Form 3 filing?

Yes. Exhibit 24 (Power of Attorney) is listed and the signature line shows the form was filed by an authorized representative using a POA.

Does this filing create any Section 16 short-swing profit exposure?

No. Because the report indicates no beneficial ownership and no transactions, there is no immediate short-swing profit exposure disclosed in this Form 3.