Aberdeen Income Credit Strategies Fund Announces Monthly Distribution

Rhea-AI Summary

Aberdeen Income Credit Strategies Fund (NYSE: ACP) announced a distribution of $0.10 per share, scheduled for January 29, 2021, for shareholders on record as of January 22, 2021. This marks a reduction from the previous monthly distribution of $0.12 per share, announced on September 10, 2020. Shareholders will receive a Form 1099-DIV in January 2022 detailing distribution amounts and tax information for the 2021 calendar year. The Fund is managed by Aberdeen Asset Managers Limited, and its shares trade on the NYSE under the symbol 'ACP'.

Positive

• Monthly distribution of $0.10 per share announced for January 29, 2021.

Negative

• Reduction in monthly distribution from $0.12 to $0.10 per share.

PHILADELPHIA, Jan. 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 January 29, 2021 to all shareholders of record as of January 22, 2021 (ex-dividend date January 21, 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 wish to receive this information electronically, please contact Investor.Relations@aberdeenstandard.com

aberdeenacp.com

 

View original content to download multimedia:http://www.prnewswire.com/news-releases/aberdeen-income-credit-strategies-fund-announces-monthly-distribution-301206910.html

SOURCE Aberdeen Income Credit Strategies Fund

FAQ

What is the new distribution amount for Aberdeen Income Credit Strategies Fund (ACP)?

The new distribution amount for Aberdeen Income Credit Strategies Fund (ACP) is $0.10 per share.

When will the distribution be paid for Aberdeen Income Credit Strategies Fund (ACP)?

The distribution will be paid on January 29, 2021.

What was the previous distribution amount for Aberdeen Income Credit Strategies Fund (ACP)?

The previous distribution amount was $0.12 per share.

When will shareholders receive tax information for the distributions from ACP?

Shareholders will receive a Form 1099-DIV in January 2022 for tax information regarding the 2021 calendar year.

What is the record date for the distribution of ACP?

The record date for the distribution is January 22, 2021.