ABRDN INCOME CREDIT STRATEGIES FUND 5.25% SERIES A PERPETUAL PREFERRED SHARES DECLARE QUARTERLY DIVIDEND
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 10 2025
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Source: Newsfilter
Cash Distribution Announcement: The abrdn Income Credit Strategies Fund has declared a cash distribution of $0.328125 per share for its 5.250% Series A Perpetual Preferred Shares, payable on June 30, 2025, to shareholders recorded by June 20, 2025.
Investment and Tax Information: The Series A Preferred Shares are rated "A2" by Moody's and have an annual dividend rate of $1.3125; distributions may come from various income sources, with tax reporting details provided in January 2026.
Analyst Views on ACP
Wall Street analysts forecast ACP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ACP is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About ACP
abrdn Income Credit Strategies Fund (the Fund) is a non-diversified, closed-end management investment company. The Fund’s primary investment objective is to seek a high level of current income with a secondary objective of capital appreciation. The Fund seeks to achieve its investment objectives by opportunistically investing primarily in loan and debt instruments (and loan-related or debt-related instruments, including repurchase and reverse repurchase agreements and derivative instruments) of issuers that operate in a variety of industries and geographic regions. The Fund’s investment manager is abrdn Investments Limited.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
