[Form 4] abrdn Income Credit Strategies Fund Insider Trading Activity

Rhea-AI Filing Summary

Reit Todd, a director of abrdn Income Credit Strategies Fund (ACP), reported acquiring 2,000 common shares on 09/23/2025 at a reported price of $5.815 per share. The transaction was reported on a Form 4 signed by a power of attorney on 09/25/2025. Following the purchase, Mr. Todd beneficially owns 2,000 shares directly.

Insights

Securities Analyst

TL;DR: Small insider purchase disclosed; unlikely to be material but indicates a director-level buy.

The Form 4 shows a straightforward non-derivative acquisition of 2,000 common shares by a director at $5.815 per share. The size of the purchase is modest relative to a typical fund's market capitalization, so it is unlikely to meaningfully affect valuation or signal a material change in company prospects. Reporting was completed via power of attorney two days after the trade.

Corporate Governance Expert

TL;DR: Routine disclosure consistent with Section 16 reporting; no governance concerns evident.

The filing is procedural and timely within common practice, showing an individual director acquiring shares and reporting via a signed Form 4. There are no indications of option exercises, dispositions, or related-party transactions, and the signature by POA is properly included. Governance implications are neutral given the transaction's scale and nature.

09/25/2025 - 01:24 PM

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
09/23/2025

4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/23/2025		P		2,000	A	$5.815	2,000	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	/s/ Robert Stieger, by POA from Reporting Person	09/25/2025
	** 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 4 (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 transaction did Reit Todd report on the ACP Form 4?

The Form 4 reports a purchase of 2,000 common shares of abrdn Income Credit Strategies Fund on 09/23/2025 at a price of $5.815 per share.

How many shares does Reit Todd beneficially own after the reported transaction?

Following the reported purchase, Reit Todd beneficially owns 2,000 shares directly.

When was the Form 4 dated and who signed it?

The signature block shows the form dated 09/25/2025 and signed by /s/ Robert Stieger as power of attorney for the reporting person.

Was the transaction an acquisition or a disposition?

The transaction code is P, indicating an acquisition, and the filing lists 2,000 shares acquired at the stated price.

Does the Form 4 report any derivative transactions or other securities?

No. Table II for derivative securities is empty and only a non-derivative common stock acquisition is reported.