Welcome to our dedicated page for abrdn Income Credit Strategies Fund SEC filings (Ticker: ACP), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The SEC filings page for abrdn Income Credit Strategies Fund (NYSE: ACP) brings together the fund’s official regulatory disclosures, including current reports on Form 8-K and other documents filed with the U.S. Securities and Exchange Commission. As a diversified, closed-end management investment company that seeks high current income with a secondary objective of capital appreciation, ACP uses these filings to describe material events, capital-raising activities, and changes to its investment strategies.
Recent Form 8-K filings highlight several key areas. One filing details the fund’s entry into a securities purchase agreement for the issuance and sale of 4,000,000 Series A Mandatorily Redeemable Preferred Shares, with a liquidation preference of $25.00 per share and a specified maturity date, conducted as a private offering under Rule 506(c). The same report notes adoption of a Statement of Preferences establishing the rights and preferences of these preferred shares and includes the relevant exhibits.
Another Form 8-K describes ACP’s distribution agreement with ALPS Distributors, Inc., under which the fund may offer and sell common shares in at-the-market transactions pursuant to a shelf registration statement and related prospectus documents. This filing explains that, under the Investment Company Act of 1940, the fund may not sell common shares below current net asset value, exclusive of any distributing commission or discount, and lists exhibits such as the distribution agreement, sub-placement agent agreement, and legal opinions.
A further Form 8-K addresses changes to the fund’s non-fundamental investment strategy relating to investments in defaulted credit obligations. The filing presents the previous policy and the amended policy, under which the fund may invest in credit obligations likely to default and up to 5% of its portfolio in obligations that are in default at the time of investment. An exhibit summarizes the fund’s investment objectives, strategies, policies, and risks as amended.
On Stock Titan, these SEC filings are available with AI-powered summaries that help explain the significance of each document in clear language. Users can quickly see what each 8-K covers, how preferred share offerings and at-the-market programs affect the fund’s capital structure, and how strategy changes alter the fund’s risk profile. Real-time updates from EDGAR ensure that new filings appear promptly, while AI-generated highlights make it easier to interpret complex legal and financial language without reading every page in detail.
abrdn Income Credit Strategies Fund received a Schedule 13G from First Trust Portfolios L.P., First Trust Advisors L.P. and The Charger Corporation reporting a significant holding of its common shares. The filing shows beneficial ownership of 9,763,057 shares, representing 7.78% of the fund’s common stock as of December 31, 2025.
The reporting persons have no sole voting or dispositive power over these shares but report shared dispositive power over the full amount and no voting power. The position is mainly held through unit investment trusts and other client accounts, and the firms state the holdings are in the ordinary course of business, not to change or influence control of the fund, while each disclaims beneficial ownership.
The registrant ACP submitted a Form N-CEN annual report template for registered investment companies that records operational items and service providers. The filing shows aggregate brokerage commissions of 3,197.53 and multiple principal transaction values, including 1,491,984,231.88 listed in one record.
MetLife Investment Management, LLC, a Delaware investment adviser, reported a large ownership position in the preferred shares of abrdn Income Credit Strategies Fund. As of December 31, 2025, it may be deemed the beneficial owner of 4,000,000 Series A Mandatorily Redeemable Preferred Shares, representing 100% of that preferred share class, with sole power to vote and dispose of the shares.
The firm manages these securities in the ordinary course of business on behalf of various clients, including MetLife Reinsurance Company of Charleston, Metropolitan Tower Life Insurance Company and Metropolitan Life Insurance Company, and states that the holdings are not intended to change or influence control of the fund.
abrdn Income Credit Strategies Fund (ACP) reported a 12‑month total return of 5.81% based on net asset value (NAV) and 0.68% based on market price, versus 8.22% for the ICE BofAML Global High Yield Constrained Index for the year ended October 31, 2025.
NAV ended at $5.89 and the market price at $5.57, a 5.43% discount. Distributions to common shareholders totaled $0.9525 per share, implying a 17.10% market‑price distribution rate and 16.17% on NAV, funded by ordinary income and return of capital. Net investment income was $63.8 million, with a net operating expense ratio of 3.94% (1.97% excluding interest expense).
The Fund uses significant leverage: a $260 million revolving credit facility outstanding at year‑end and $40 million of 5.25% Series A Perpetual Preferred Shares, plus a private issuance of $100 million of Series A Mandatorily Redeemable Preferred Shares on December 18, 2025. Leverage added 1.58 percentage points to unlevered NAV performance but increases risk. The portfolio is concentrated in below‑investment‑grade credit, with most holdings rated B or BB and a 2.8‑year effective duration.
UBS Group AG has disclosed its ownership in the 5.250% Series A Perpetual Preferred Shares of abrdn Income Credit Strategies Fund. UBS reports beneficial ownership of 558,246 preferred shares, representing 34.89% of this class. UBS has shared voting power over 241 shares and shared dispositive power over 558,246 shares, with no sole voting or dispositive power reported.
UBS states that the securities were acquired and are held in the ordinary course of business, and not for the purpose of changing or influencing control of the fund. The filing is made by UBS Group AG on behalf of itself and its wholly owned subsidiaries UBS Financial Services Inc. and UBS Securities LLC.
abrdn Income Credit Strategies Fund received an initial insider ownership report effective 12/18/2025. The filing shows indirect beneficial ownership of 4,000,000 Series A Mandatorily Redeemable Preferred Shares, listed as being held for clients for whom the reporting person serves as investment manager. The reporting person characterizes this as indirect ownership and explicitly disclaims beneficial ownership of these securities except to the extent of any pecuniary interest.
abrdn Income Credit Strategies Fund filed an initial insider ownership report for a company officer. The reporting person is identified as a Vice President of the fund and is filing individually. The remarks section states that no securities are beneficially owned, meaning this officer reports holding no shares or derivative securities of the fund as of the event date of 12/09/2025.
abrdn Income Credit Strategies Fund issued and sold 4,000,000 Series A Mandatorily Redeemable Preferred Shares, each with a $25.00 liquidation preference, for total gross proceeds of $100 million. These preferred shares are due on December 18, 2030 and were sold in a private offering exempt from registration under Rule 506(c) of the Securities Act. The fund also adopted a Statement of Preferences that formally sets the rights and preferences of these Series A preferred shares and authorizes the 4,000,000-share series.
Morgan Stanley and Parametric Portfolio Associates LLC filed a Schedule 13G reporting beneficial ownership in abrdn Income Credit Strategies Fund (ACP).
The filing lists 6,588,286 common shares beneficially owned, representing 5.3% of the class as of the 09/30/2025 event date. The reporting persons disclose shared voting power over 873,573 shares and shared dispositive power over 6,588,286 shares, with no sole voting or dispositive power. The certification states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control.
Parametric and Morgan Stanley classify themselves as an investment adviser and a parent holding company/control person, respectively, and entered a joint filing agreement. This passive ownership notice informs the market of their stake and governance rights associated with the reported voting and dispositive powers.
Morgan Stanley and Morgan Stanley Smith Barney LLC filed Amendment No. 1 to Schedule 13G for abrdn Income Credit Strategies Fund (ACP), reporting beneficial ownership of 4.7% of the fund’s common shares. Morgan Stanley reports 5,867,215 shares beneficially owned; Morgan Stanley Smith Barney LLC reports 5,861,098 shares.
Each filer states it has ceased to be the beneficial owner of more than five percent as of 09/30/2025. Reported powers include shared voting power of 6,120 shares for Morgan Stanley and 3 shares for Morgan Stanley Smith Barney LLC, with substantial shared dispositive power disclosed. The certification indicates the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control.