Aberdeen Income Credit Strategies Fund declares quarterly dividend on its Perpetual Preferred Shares Series a of 5.25%


PHILADELPHIA, PA / ACCESSWIRE / December 9, 2021 / The board of trustees of Aberdeen Income Credit Strategies Fund (the “Fund”) declared a cash distribution of $ 0.328125 per share of the 5.250% Series A perpetual preferred shares of the Fund. (NYSE: ACP) (“Series A preferred shares”). The distribution is payable on December 31, 2021 to holders of Series A preferred shares of record on December 20, 2021 (ex-dividend date December 17, 2021).

The Series A preferred shares trade on the New York Stock Exchange 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 paid from sources of income other than ordinary income, such as short-term net realized capital gains, long-term net realized capital gains and return of capital. The actual amounts and the sources of the amounts for tax reporting purposes will depend on the Fund’s investment experience during the remainder of its fiscal year and may be subject to change depending on tax regulations. In January 2022, a Form 1099-DIV will be sent to shareholders, which will indicate the amount and composition of distributions and provide information regarding their appropriate tax treatment for the 2021 calendar year.

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

In the United States, abrdn is the trade name of the following affiliated and registered investment advisers: Aberdeen Standard Investments Inc., Aberdeen Asset Managers Ltd., abrdn Australia Limited, abrdn Asia Ltd., Aberdeen Capital Management, LLC, Aberdeen Standard Investments 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 investments and the capital value of the Fund 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 portfolio. There can be no assurance that the Fund will achieve its investment objective.

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