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

Rhea-AI Filing Summary

Porter Rahn K, a director at abrdn Income Credit Strategies Fund (ticker: ACP), filed an initial Form 3 reporting his relationship to the issuer. The form, reflecting an event dated 09/09/2025, indicates the reporting person is a director and that the filing was made by a single reporting person. The filing expressly states no securities are beneficially owned by the reporting person. The document includes an Exhibit 24 power of attorney and is signed on behalf of the reporting person by Robert Stieger by POA on 09/15/2025. No holdings, derivative positions, or amendments are reported.

Insights

Corporate Governance Expert

TL;DR: Initial Form 3 shows director relationship but reports zero beneficial ownership, a routine governance disclosure with limited investor impact.

The filing documents that Porter Rahn K is a director of abrdn Income Credit Strategies Fund and that he does not beneficially own any securities of the fund at the time of the report. This is a standard initial Section 16 filing that establishes insider status for future Section 16 tracking. The inclusion of a power of attorney and a POA signature is procedural and common. Because no holdings are reported, there is no immediate market or control implication from this filing.

Securities Compliance Analyst

TL;DR: Compliance filing is complete and routine; absence of reported ownership reduces near-term disclosure obligations for trades.

This Form 3 fulfills the initial reporting obligation under Section 16 by identifying the reporting person, address, issuer (ACP), and relationship (director). The explicit statement that no securities are beneficially owned means there are currently no shares to track for required Section 16 reporting of subsequent transactions. The POA signature is properly noted. Materiality is low because the filing contains no holdings or transactions.

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^*

Porter Rahn K

(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 by Porter Rahn K disclose?

It discloses that Porter Rahn K is a director of abrdn Income Credit Strategies Fund (ACP) and that he does not beneficially own any securities of the fund as of the reported event date 09/09/2025.

When was the event date and when was the Form 3 signed?

The event date is 09/09/2025 and the form was signed by POA (Robert Stieger) on 09/15/2025.

Does the Form 3 report any derivatives or indirect ownership for ACP?

No. The filing states no securities are beneficially owned and includes no derivative positions or indirect ownership descriptions.

Who signed the Form 3 for the reporting person?

The form was signed by Robert Stieger by power of attorney on behalf of Porter Rahn K.

Is this Form 3 likely to have immediate market impact for ACP?

No. Because the filing reports zero beneficial ownership, it is a routine disclosure with minimal immediate market impact.