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 March 31, 2021, to shareholders on record as of March 24, 2021. This marks a decrease from the previous $0.12 per share distribution announced on September 10, 2020. A Form 1099-DIV will be sent to shareholders in January 2022, detailing distribution amounts and their tax implications for the 2021 calendar year. The Fund is managed by Aberdeen Asset Managers Limited, and its investment returns may fluctuate, affecting share value.

Positive

• Monthly distribution set at $0.10 per share, continuing the payout to shareholders.
• Distribution payment on time established for March 31, 2021.

Negative

• Reduction in monthly distribution from $0.12 to $0.10 per share, indicating potential financial constraints.

PHILADELPHIA, March 9, 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 March 31, 2021 to all shareholders of record as of March 24, 2021 (ex-dividend date March 23, 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

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SOURCE Aberdeen Income Credit Strategies Fund

FAQ

What is the distribution amount for ACP in March 2021?

The distribution amount for ACP is $0.10 per share, payable on March 31, 2021.

When is the ex-dividend date for ACP's March distribution?

The ex-dividend date for ACP's March distribution is March 23, 2021.

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

The previous distribution amount for ACP was $0.12 per share before it was reduced to $0.10.

When will shareholders receive the 1099-DIV forms for ACP?

Shareholders will receive the 1099-DIV forms in January 2022.

Who manages the Aberdeen Income Credit Strategies Fund?

The Fund is managed by Aberdeen Asset Managers Limited.