Aberdeen Income Credit Strategies Fund Announces Monthly Distribution

Rhea-AI Summary

Aberdeen Income Credit Strategies Fund (NYSE: ACP) announced a monthly distribution of $0.10 per share, payable on April 30, 2021, to shareholders of record as of April 23, 2021. This marks a decrease from the previous distribution of $0.12 per share, which was announced on September 10, 2020. Shareholders will receive a Form 1099-DIV in January 2022 detailing the distribution's tax treatment. The Fund's shares may trade at a premium or discount to their net asset value and investors should not assume investment performance based solely on this distribution.

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• Distribution reduced from $0.12 to $0.10 per share.

PHILADELPHIA, April 12, 2021 /PRNewswire/ -- Aberdeen Income Credit Strategies Fund (NYSE: ACP) (the "Fund"), a closed-end fund, announced today that it will pay a distribution of US $0.10 per share on April 30, 2021 to all shareholders of record as of April 23, 2021 (ex-dividend date April 22, 2021). As announced on September 10, 2020, the Fund reduced its monthly distribution from $0.12 per share to $0.10 per share. 

In January 2022, a Form 1099-DIV will be sent to shareholders, which will state the amount and composition of distributions and provide information with respect to their appropriate tax treatment for the 2021 calendar year.   

The Fund is managed and advised by Aberdeen Asset Managers Limited. The Fund's shares trade on the NYSE under the symbol "ACP". 

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

In the United States, Aberdeen Standard Investments is the marketing name for the following affiliated, registered investment advisers:  Aberdeen Standard Investments Inc., Aberdeen Asset Managers Ltd., Aberdeen Standard Investments Australia Ltd., Aberdeen Standard Investments (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 stock exchanges. The Fund's investment return and principal value will fluctuate so that an investor's shares may be worth more or less than the original cost. Shares of closed-end funds may trade above (a premium) or below (a discount) the net asset value (NAV) of the fund's portfolio. There is no assurance that the Fund will achieve its investment objective.

If you If you wish to receive this information electronically, please contact Investor.Relations@aberdeenstandard.com

aberdeenacp.com

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SOURCE Aberdeen Income Credit Strategies Fund

FAQ

What is the upcoming distribution date for Aberdeen Income Credit Strategies Fund (ACP)?

The distribution date for Aberdeen Income Credit Strategies Fund (ACP) is April 30, 2021.

How much will the distribution be for ACP in April 2021?

The distribution for ACP in April 2021 will be $0.10 per share.

When is the record date for the ACP distribution?

The record date for the ACP distribution is April 23, 2021.

What was the previous distribution amount for ACP before April 2021?

The previous distribution amount for ACP was $0.12 per share before it was reduced.

When will shareholders receive tax information regarding ACP distributions?

Shareholders will receive a Form 1099-DIV in January 2022 detailing the tax treatment of the distributions.