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 November 30, 2020, to shareholders of record as of November 20, 2020. This follows a reduction from the previous distribution of $0.12 per share. The ex-dividend date is November 19, 2020. In January 2021, shareholders will receive a Form 1099-DIV detailing distribution amounts and tax implications for 2020. It's noted that the distribution amount should not be seen as indicative of the Fund's investment performance.

Positive

• Monthly distribution of $0.10 per share announced.
• Distribution payment scheduled for November 30, 2020.

Negative

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

PHILADELPHIA, Nov. 10, 2020 /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 November 30, 2020 to all shareholders of record as of November 20, 2020 (ex-dividend date November 19, 2020). As announced on September 10, 2020, the Fund reduced its monthly distribution from $0.12 per share to $0.10 per share. 

In January 2021, 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 2020 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 November 2020?

The distribution amount for ACP in November 2020 is $0.10 per share.

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

The ex-dividend date for ACP's November distribution is November 19, 2020.

When will ACP pay its distribution to shareholders?

ACP will pay its distribution to shareholders on November 30, 2020.

What was the previous distribution amount for ACP before the reduction?

The previous distribution amount for ACP was $0.12 per share before the reduction.