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

Rhea-AI Filing Summary

Porter Rahn K, listed as a Director of abrdn Income Credit Strategies Fund (ACP), reported a purchase of 2,200 shares of the fund's common stock on 09/30/2025 at a price of $5.785 per share. Following the transaction the reporting person beneficially owned 2,200 shares. The Form 4 was filed as a single reporting person filing and the document is signed on behalf of the reporting person by Robert Stieger under power of attorney on 10/02/2025.

Positive

• Insider purchase disclosed showing a director acquired 2,200 shares
• Complete Form 4 fields present: transaction date, code, amount, price, and beneficial ownership
• Proper execution indicated by a signed POA (Robert Stieger) on 10/02/2025

Negative

• None.

Insights

Financial Analyst

TL;DR: A director purchased a small block of 2,200 ACP shares at $5.785, a routine insider buy with limited disclosed material impact.

The filing documents a non-derivative purchase of 2,200 common shares by Porter Rahn K on 09/30/2025 at $5.785 per share, resulting in beneficial ownership of 2,200 shares. The Form 4 was filed by one reporting person and signed by a POA on 10/02/2025. The record contains no derivative transactions, amendments, or additional context about holdings prior to this trade, so material implications for the issuer or investors are not established within the filing itself.

Corporate Governance Expert

TL;DR: Insider disclosure is complete for the reported trade; transaction appears procedural and is properly executed via POA.

The Form 4 shows required disclosure elements: reporting person identity and relationship (Director), transaction date (09/30/2025), transaction code (P for purchase), number of shares acquired (2,200), price ($5.785), and beneficial ownership after the trade (2,200). The signature block indicates execution by a named POA on 10/02/2025. The filing does not include additional governance events or changes in role.

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^*

Porter Rahn K

(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)
09/30/2025

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	09/30/2025		P		2,200	A	$5.785	2,200	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	10/02/2025
	** 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 Porter Rahn K report for ACP?

The report discloses a purchase of 2,200 common shares of ACP on 09/30/2025 at $5.785 per share.

What is the reporting person’s relationship to ACP?

The Form 4 lists Porter Rahn K as a Director of abrdn Income Credit Strategies Fund (ACP).

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

The filing states beneficial ownership of 2,200 shares following the reported purchase.

When was the Form 4 signed and by whom?

The filing was signed on behalf of the reporting person by Robert Stieger under power of attorney on 10/02/2025.

Were any derivative securities reported in this filing for ACP?

No. Table II for derivative securities contains no reported transactions.