Form 4: ACP director Peter Malone acquires 500 shares at $5.93

Rhea-AI Filing Summary

abrdn Income Credit Strategies Fund (ACP) director Peter Gerald Malone reported a personal purchase of 500 shares of the fund on 09/26/2025 at a price of $5.93 per share. Following the transaction he beneficially owned 2,277 shares. The Form 4 was signed by a power of attorney and filed on 09/30/2025. The filing discloses a straightforward non-derivative acquisition with no derivatives or other transactions reported.

Insights

Financial Analyst

TL;DR Director purchased a small number of shares, indicating modest insider buying without material impact on the fund.

The 500-share purchase at $5.93 increases the reporting person’s stake to 2,277 shares. For a closed-end fund, this level of insider activity is routine and appears immaterial to valuation or control. No derivative positions or additional transactions were reported, simplifying the ownership change. The purchase was executed directly and reported under standard Section 16 reporting procedures.

Corporate Governance Expert

TL;DR Routine insider purchase by a director, properly reported via Form 4 and executed through a power of attorney.

The filing shows compliance with disclosure rules: the transaction is a direct, non-derivative acquisition and the Form 4 includes a power of attorney signature. The scale of the purchase is small relative to typical institutional holdings, so it does not signal a governance shift or control change. Documentation appears complete for this single transaction.

Insider Trade Summary

Net Buyer: 500 shares

Net Buy 1 txn

Insider MALONE PETER GERALD

Role Director

Bought 500 shs ($3K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	500	$5.93	$3K

Holdings After Transaction: Common Stock — 2,277 shares (Direct)

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 09/30/2025 - 04:29 PM Learn about SEC filing dates

FAQ

What transaction did ACP director Peter Gerald Malone report on Form 4?

He reported a direct purchase of 500 shares of abrdn Income Credit Strategies Fund on 09/26/2025 at $5.93 per share.

How many ACP shares did the reporting person own after the transaction?

The reporting person beneficially owned 2,277 shares following the reported transaction.

Was the Form 4 signed by the reporting person for ACP?

The Form 4 was signed by Robert Stieger by power of attorney on behalf of the reporting person and dated 09/30/2025.

Did the Form 4 disclose any derivative transactions for ACP?

No. Table II for derivative securities shows no derivative transactions or positions reported.

What is the relationship of the reporting person to ACP?

The reporting person, Peter Gerald Malone, is identified as a Director of the issuer.

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
Estimated average burden
hours per response:			0.5

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^*

MALONE PETER GERALD

(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)
09/26/2025

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	09/26/2025		P		500	A	$5.93	2,277	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:

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney

	/s/ Robert Stieger, by POA from Reporting Person	09/30/2025
	** 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.