abrdn Income Credit Strategies Fund 5.25% Series a Perpetual Preferred Shares Declares Quarterly Dividend
abrdn Income Credit Strategies Fund has declared a cash distribution of $0.328125 per share for its 5.250% Series A Perpetual Preferred Shares (NYSE: ACP PRA). This distribution is scheduled for September 30, 2022, with shareholders on record by September 20, 2022 and an ex-dividend date of September 19, 2022. The shares, rated A2 by Moody's, have an annual dividend rate of $1.3125. Distributions may originate from various income sources, with tax reporting details to be provided in January 2023.
- Declared a quarterly cash distribution of $0.328125 per share.
- Strong credit rating of A2 from Moody's Investors Service.
- Annual dividend rate of $1.3125 per share, providing income to shareholders.
- Distributions may not solely come from ordinary income, leading to potential tax implications.
PHILADELPHIA, PA / ACCESSWIRE / September 9, 2022 / 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 2023, 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 2022 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., Aberdeen Asset Managers Ltd., abrdn Australia Limited, abrdn Asia Limited, Aberdeen Capital Management, LLC, abrdn 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@abrdn.com.
For More Information Contact:
abrdn Inc.
Investor Relations
1-800-522-5465
Investor.Relations@abrdn.com
SOURCE: abrdn Inc.
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