Aberdeen Income Credit Strategies Fund Announces Monthly Distribution

Rhea-AI Summary

Aberdeen Income Credit Strategies Fund (NYSE: ACP) announced a $0.10 per share distribution to shareholders on June 30, 2021, with a record date of June 4, 2021 (ex-dividend on June 3, 2021). This marks a decrease from the previous monthly distribution of $0.12 per share, as noted on September 10, 2020. A Form 1099-DIV will be issued in January 2022 detailing the distributions' tax implications. The Fund's shares fluctuate in value on the NYSE. Past distribution amounts are not indicative of future performance.

Positive

• Monthly distribution of $0.10 per share to be paid, indicating continued cash flow availability for shareholders.
• Communication of distribution details allows shareholders to prepare for tax implications.

Negative

• Reduction in monthly distribution from $0.12 to $0.10 indicates potential financial strain or decreased income generation.
• Investors are cautioned that past distribution amounts do not predict future performance.

PHILADELPHIA, May 25, 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 June 30, 2021 to all shareholders of record as of June 4, 2021 (ex-dividend date June 3, 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-301299199.html

SOURCE Aberdeen Income Credit Strategies Fund

FAQ

What is the distribution amount for Aberdeen Income Credit Strategies Fund (ACP) in June 2021?

The distribution amount for June 2021 is $0.10 per share.

When will the distribution be paid to shareholders of ACP?

The distribution will be paid on June 30, 2021.

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

The previous distribution amount was $0.12 per share.

What is the record date for the June 2021 distribution for ACP?

The record date for the June 2021 distribution is June 4, 2021.

What does the reduction in distribution from $0.12 to $0.10 indicate for ACP?

The reduction may indicate potential financial strain or a decrease in income generation for the Fund.