Aberdeen Income Credit Strategies Fund 5.25% Series A Perpetual Preferred Shares Declares Quarterly Dividend

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PHILADELPHIA, PA/ACCESSWIRE/June 7, 2022/ The Board of Directors of Aberdeen Income Credit Strategies Fund (the “Fund”) has declared a cash distribution of $0.328125 per share of the 5.250% Series A Perpetual Preferred Shares of the Fund. (NYSE:ACP.PRA) (“Series A Preferred Shares”). The distribution is payable on June 30, 2022 to holders of Series A Preferred Shares of record on June 17, 2022 (ex-dividend date June 16, 2022).

The Series A Preferred Shares trade on the NYSE under the symbol “ACP PRA”, are rated “A2” by Moody’s Investors Service and have an annual dividend rate of $1.3125 per share. The Series A Preferred Shares were issued on May 10, 2021 at a price of $25.00 per share and pay quarterly distributions.

Distributions may be made from sources of income other than ordinary income, such as short-term net realized capital gains, long-term net realized capital gains and returns of capital. Actual amounts and sources of amounts for tax reporting purposes will depend on the Fund’s investment experience over the remainder of its financial year and may be subject to change as a result of tax regulations. In January 2023, a Form 1099-DIV will be sent to shareholders which will indicate the amount and composition of the distributions and provide information on their appropriate tax treatment for calendar year 2022.

You should not draw any conclusions about the investment performance of the Fund from the amount of this distribution.

In the United States, abrdn is the trading name of the following affiliated and registered investment advisers: abrdn Inc., Aberdeen Asset Managers Ltd., abrdn Australia Limited, abrdn Asia Limited, Aberdeen Capital Management, LLC, abrdn ETFs Advisors LLC and Aberdeen Standard Alternative funds limited.

Closed-end funds are traded on the secondary market through one of the exchanges. The return on investment and the value of the principal of the Fund will fluctuate so that an investor’s shares may be worth more or less than the original cost. Closed-end fund shares may trade above (a premium) or below (a discount) the net asset value (NAV) of the fund’s portfolio. There can be no assurance that the Fund will achieve its investment objective.

If you wish to receive this information electronically, please contact [email protected]

For more information contact:

abrdn inc.
Investor Relations
1-800-522-5465
[email protected]

THE SOURCE: abrdn Asia-Pacific Income Fund VCC

See the source version on accesswire.com:
https://www.accesswire.com/704236/Aberdeen-Income-Credit-Strategies-Fund-525-Series-A-Perpetual-Preferred-Shares-Declares-Quarterly-Dividend


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