abrdn Income Credit Strategies Fund 5.25% Series A Perpetual Preferred Shares Declare Quarterly Dividend
The Board of Trustees of abrdn Income Credit Strategies Fund has declared a quarterly cash distribution of $0.328125 per share for its 5.250% Series A Perpetual Preferred Shares (NYSE:ACP PRA). The distribution is payable on September 30, 2024, to shareholders of record on September 20, 2024. The Series A Preferred Shares, rated 'A2' by Moody's, have an annual dividend rate of $1.3125 per share and were initially issued at $25.00 per share on May 10, 2021. The Fund notes that distributions may come from various sources, including short-term and long-term capital gains or return of capital. Shareholders will receive a Form 1099-DIV in January 2025 detailing the tax treatment of these distributions.
Il Consiglio di Amministrazione del abrdn Income Credit Strategies Fund ha dichiarato una distribuzione in contante trimestrale di $0.328125 per azione per le sue Azioni Preferenziali Perpetue di Serie A al 5.250% (NYSE:ACP PRA). La distribuzione è pagabile il 30 settembre 2024 agli azionisti registrati il 20 settembre 2024. Le Azioni Preferenziali di Serie A, valutate 'A2' da Moody's, hanno un tasso di dividendo annuale di $1.3125 per azione e sono state emesse inizialmente a $25.00 per azione il 10 maggio 2021. Il Fondo sottolinea che le distribuzioni possono provenire da diverse fonti, inclusi guadagni in conto capitale a breve e lungo termine o restituzione di capitale. Gli azionisti riceveranno un Modulo 1099-DIV a gennaio 2025 che dettaglierà il trattamento fiscale di queste distribuzioni.
La Junta de Fideicomisarios del abrdn Income Credit Strategies Fund ha declarado una distribución en efectivo trimestral de $0.328125 por acción para sus Acciones Preferentes Perpetuas de Serie A al 5.250% (NYSE:ACP PRA). La distribución es pagadera el 30 de septiembre de 2024, a los accionistas registrados el 20 de septiembre de 2024. Las Acciones Preferentes de Serie A, calificadas como 'A2' por Moody's, tienen un tasa de dividendo anual de $1.3125 por acción y se emitieron inicialmente a $25.00 por acción el 10 de mayo de 2021. El Fondo señala que las distribuciones pueden provenir de diversas fuentes, incluidos ganancias de capital a corto y largo plazo o devolución de capital. Los accionistas recibirán un Formulario 1099-DIV en enero de 2025 que detalla el tratamiento fiscal de estas distribuciones.
abrdn Income Credit Strategies Fund의 신탁 이사회는 5.250% A시리즈 영구 우선주(NYSE:ACP PRA)에 대해 주당 $0.328125의 분기 현금 배당금을 선언했습니다. 이 배당금은 2024년 9월 30일에 지급되며, 2024년 9월 20일 현재 주주에게 분배됩니다. 무디스(Moody's)에 의해 'A2'로 평가된 A시리즈 우선주는 주당 연간 배당률이 $1.3125이며, 2021년 5월 10일에 주당 $25.00에 처음 발행되었습니다. 이 펀드는 배당이 단기 및 장기 자본 이득 또는 자본 반환을 포함한 다양한 출처에서 올 수 있다고 주목합니다. 주주는 2025년 1월에 이러한 배당의 세금 처리를 자세히 설명하는 1099-DIV 양식을 받게 됩니다.
Le Conseil des Fiduciaires du abrdn Income Credit Strategies Fund a déclaré une distribution en espèces trimestrielle de 0.328125 $ par action pour ses Actions Préférentielles Perpétuelles de Série A à 5.250% (NYSE:ACP PRA). La distribution est payable le 30 septembre 2024, aux actionnaires inscrits le 20 septembre 2024. Les Actions Préférentielles de Série A, notées 'A2' par Moody's, ont un taux de dividende annuel de 1.3125 $ par action et ont été émises initialement à 25,00 $ par action le 10 mai 2021. Le Fonds note que les distributions peuvent provenir de diverses sources, y compris des gains en capital à court et à long terme ou un retour de capital. Les actionnaires recevront un formulaire 1099-DIV en janvier 2025 détaillant le traitement fiscal de ces distributions.
Der Verwaltungsrat des abrdn Income Credit Strategies Fund hat eine vierteljährliche Barausschüttung von $0.328125 pro Aktie für seine 5.250% Serie A Unkündbare Vorzugsaktien (NYSE:ACP PRA) erklärt. Die Ausschüttung ist am 30. September 2024 fällig für Aktionäre, die am 20. September 2024 im Aktienregister stehen. Die Serie A Vorzugsaktien, die von Moody's mit 'A2' bewertet wurden, haben eine jährliche Dividendenrate von $1.3125 pro Aktie und wurden ursprünglich am 10. Mai 2021 zu je $25.00 pro Aktie ausgegeben. Der Fonds merkt an, dass die Ausschüttungen aus verschiedenen Quellen stammen können, einschließlich kurzfristiger und langfristiger Kapitalgewinne oder Rückstellungen von Kapital. Aktionäre erhalten im Januar 2025 ein Formular 1099-DIV, das die steuerliche Behandlung dieser Ausschüttungen detailliert.
- Consistent quarterly dividend payment of $0.328125 per share
- Series A Preferred Shares maintain an 'A2' rating from Moody's Investors Service
- Annual dividend rate of $1.3125 per share provides steady income for shareholders
- Distributions may include return of capital, potentially affecting the fund's long-term sustainability
- Actual sources of distributions subject to change based on investment performance and tax regulations
PHILADELPHIA, PA / ACCESSWIRE / September 10, 2024 / The Board of Trustees of abrdn Income Credit Strategies Fund (the "Fund"), has declared a cash distribution of
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 2025, 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 2024 calendar year.
You should not draw any conclusions about the Fund's investment performance from the amount of this distribution.
In the United States, abrdn is the marketing name for the following affiliated, registered investment advisers: abrdn Inc., abrdn Investments Limited, and abrdn Asia Limited.
Closed-end funds are traded on the secondary market through one of the stock exchanges. A 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 a Fund will achieve its investment objective. Past performance does not guarantee future results.
###
For More Information Contact:
abrdn Inc.
Investor Relations
1-800-522-5465
Investor.Relations@abrdn.com
SOURCE: Abrdn Income Credit Strategies Fund
View the original press release on accesswire.com
FAQ
What is the quarterly dividend amount for abrdn Income Credit Strategies Fund's Series A Preferred Shares (ACP PRA)?
When is the ex-dividend date for ACP PRA's September 2024 distribution?
What is the annual dividend rate for abrdn Income Credit Strategies Fund's Series A Preferred Shares (ACP PRA)?
What is the Moody's rating for ACP PRA Series A Preferred Shares?
