Abrdn Income Credit Strategies Fund 5.25% Series A Perpetual Preferred Shares Declare Quarterly Dividend
Abrdn Income Credit Strategies Fund has announced a quarterly cash distribution of $0.328125 per share for its 5.250% Series A Perpetual Preferred Shares (NYSE:ACP PRA). The distribution will be paid on December 31, 2024, to shareholders of record as of December 20, 2024. The Series A Preferred Shares, rated A2 by Moody's, were initially issued on May 10, 2021, at $25.00 per share and provide an annual dividend rate of $1.3125 per share.
Distributions may come from various sources including ordinary income, capital gains, and return of capital. Shareholders will receive Form 1099-DIV in January 2025 detailing the tax treatment of these distributions for the 2024 calendar year.
Abrdn Income Credit Strategies Fund ha annunciato una distribuzione trimestrale in contante di $0.328125 per azione per le sue azioni privilegiate perpetue di Serie A al 5.250% (NYSE:ACP PRA). La distribuzione sarà pagata il 31 dicembre 2024, agli azionisti registrati al 20 dicembre 2024. Le azioni privilegiate di Serie A, valutate A2 da Moody's, sono state inizialmente emesse il 10 maggio 2021 a $25,00 per azione e offrono un tasso di dividendo annuale di $1,3125 per azione.
Le distribuzioni possono provenire da varie fonti, inclusi reddito ordinario, guadagni in conto capitale e rimborso di capitale. Gli azionisti riceveranno il Modulo 1099-DIV a gennaio 2025, che dettagliarà il trattamento fiscale di queste distribuzioni per l'anno fiscale 2024.
Abrdn Income Credit Strategies Fund ha anunciado 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 se pagará el 31 de diciembre de 2024, a los accionistas registrados al 20 de diciembre de 2024. Las Acciones Preferentes de Serie A, calificadas como A2 por Moody's, se emitieron inicialmente el 10 de mayo de 2021 a $25.00 por acción y ofrecen una tasa de dividendo anual de $1.3125 por acción.
Las distribuciones pueden provenir de diversas fuentes, incluidos ingresos ordinarios, ganancias de capital y retorno de capital. Los accionistas recibirán el Formulario 1099-DIV en enero de 2025, detallando el tratamiento fiscal de estas distribuciones para el año calendario 2024.
Abrdn Income Credit Strategies Fund는 5.250% A시리즈 영구 우선주(NYSE:ACP PRA)에 대해 $0.328125 매당 분기 현금 배당을 발표했습니다. 배당금은 2024년 12월 31일에 지급되며, 2024년 12월 20일 기준 주주에게 지급됩니다. Moody's에 의해 A2 등급을 받은 A시리즈 우선주는 2021년 5월 10일에 주당 $25.00에 처음 발행되었으며, 주당 연간 배당금 비율은 $1.3125입니다.
배당금은 일반 소득, 자본 이득 및 자본 환급을 포함한 다양한 출처에서 발생할 수 있습니다. 주주들은 2024 회계 연도에 대한 이들 배당금의 세금 처리를 자세히 설명하는 1099-DIV 양식을 2025년 1월에 받을 것입니다.
Abrdn Income Credit Strategies Fund a annoncé une distribution en espèces trimestrielle de 0,328125 $ par action pour ses actions privilégiées perpétuelles de Série A à 5,250 % (NYSE:ACP PRA). La distribution sera versée le 31 décembre 2024 aux actionnaires enregistrés au 20 décembre 2024. Les actions privilégiées de Série A, notées A2 par Moody's, ont été émises initialement le 10 mai 2021 à 25,00 $ par action et offrent un taux de dividende annuel de 1,3125 $ par action.
Les distributions peuvent provenir de diverses sources, y compris des revenus ordinaires, des plus-values et un remboursement de capital. Les actionnaires recevront le formulaire 1099-DIV en janvier 2025 détaillant le traitement fiscal de ces distributions pour l'année civile 2024.
Abrdn Income Credit Strategies Fund hat eine vierteljährliche Barverteilung von 0,328125 $ pro Aktie für seine 5,250%-Wandelanleihen der Serie A (NYSE:ACP PRA) bekannt gegeben. Die Verteilung wird am 31. Dezember 2024 an die Aktionäre, die am 20. Dezember 2024 im Aktienregister stehen, ausgezahlt. Die Vorzugsaktien der Serie A, die von Moody's mit A2 bewertet wurden, wurden zunächst am 10. Mai 2021 zu einem Preis von 25,00 $ pro Aktie ausgegeben und bieten eine jährliche Dividendenrate von 1,3125 $ pro Aktie.
Die Auszahlungen können aus verschiedenen Quellen stammen, einschließlich ordentlichem Einkommen, Kapitalgewinnen und Kapitalrückgaben. Die Aktionäre erhalten im Januar 2025 das Formular 1099-DIV, das die steuerliche Behandlung dieser Auszahlungen für das Kalenderjahr 2024 detailliert.
- Consistent quarterly dividend payment maintained at $0.328125 per share
- Strong A2 rating from Moody's Investors Service
- Stable annual dividend yield of 5.25% based on initial share price
- Distributions may include return of capital, which could impact fund's asset base
- Fund performance may fluctuate affecting share value
PHILADELPHIA, PA / ACCESSWIRE / December 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 ACP PRA shares?
When is the ex-dividend date for ACP PRA's December 2024 distribution?
What is the annual dividend rate for ACP PRA preferred shares?
What is the Moody's rating for ACP PRA preferred shares?
