Aberdeen Income Credit Strategies Fund Declares Quarterly Dividend for Its 5.25% Series a Perpetual Preferred Shares
Aberdeen Income Credit Strategies Fund has announced a cash distribution of $0.328125 per share for its 5.250% Series A Perpetual Preferred Shares (NYSE: ACP PRA). This distribution is payable on September 30, 2021, to shareholders on record as of September 20, 2021, with an ex-dividend date of September 17, 2021. The Series A Preferred Shares, rated A2 by Moody's, were issued at $25.00 per share and provide an annual dividend of $1.3125. Notably, distributions may be sourced from various income types and will be detailed in tax documents sent to shareholders in January 2022.
- Quarterly cash distribution of $0.328125 per share enhances shareholder income.
- Series A Preferred Shares rated A2 by Moody's indicates strong credit quality.
- Annual dividend rate of $1.3125 per share provides attractiveness for investors.
- Distributions may come from sources other than ordinary income, introducing uncertainty.
- Investment returns and principal value are subject to fluctuation, posing risks for investors.
PHILADELPHIA, PA / ACCESSWIRE / September 10, 2021 / The Board of Trustees of Aberdeen Income Credit Strategies Fund (the "Fund"), has declared a cash distribution of
For More Information Contact:
Aberdeen Standard Investments Inc.
Investor Relations
1-800-522-5465
Investor.Relations@aberdeenstandard.com
The Series A Preferred Shares trade on the NYSE under the symbol "ACP PRA", are rated "A2" by Moody's Investors Service and have an annual dividend rate of
Distributions may be paid from sources of income other than ordinary income, such as net realized short-term capital gains, net realized long-term capital gains and return of capital. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. 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.
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
SOURCE: Aberdeen Standard Investments
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